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INDUSTRY NEWS

February 1, 2006

Private Placement closed

Cooper Minerals Inc. (the "Company") wishes to advise that it has closed a private placement for the sale of 1,500,000 units at $0.35 per unit for a total of $525,000 where each unit consists of one common share and one non-transferable share purchase warrant for the purchase of 1 further common share of the Company. The exercise price for the warrants is $0.50 per share. The share purchase warrants shall have a term of the earlier of:

  1. one year from the date of closing;
  2. the period ending on the fifth business day following five consecutive days that the market price of the shares has closed equal to or greater than $0.60 per share; and
  3. the consecutive day term shall not apply during the hold period.

These shares are subject to a four month hold period expiring May 31, 2006.

COOPER MINERALS INC.

Tai Chen
President and Director


The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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