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NEWS News Releases Industry News Analyst Coverage		INDUSTRY NEWS Thursday July 29, 2004 Cooper Minerals arranges $350,000 private placement Mr. Tai Chen reports PRIVATE PLACEMENTS Cooper Minerals Inc. has arranged a private placement for the sale of 1,166,700 units at a price of 30 cents per unit for a total of $350,010. Each unit will consist of one common share and one transferable share purchase warrant for the purchase of one additional common share of the company, having an exercise price of 40 cents for the first year and 50 cents at any time after the first year until the expiry of such share purchase warrants. The share purchase warrants shall have a term of the lesser of: (i) two years from the date of issuance of the share purchase warrant; or (ii) the period ending on the fifth business day following five consecutive days that the market price of the shares as traded on the NEX board or the TSX Venture Exchange has closed equal to or greater than 50 cents per share. The funds shall be used for unallocated working capital and property acquisition. The maximum allowable finder's fee shall be payable. The company announces further that a total of $222,557 indebtedness shall be settled by way of the issuance of 741,857 shares at a deemed price of 30 cents per share and 50,000 share purchase warrants each for the purchase of one further share within two years at a price of 40 cents for the first year and 50 cents for the second year. WARNING: The company relies upon litigation protection for "forward-looking" statements. Go back to the previous page

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