Private Placement and Investor Relations
Firm Engaged
VANCOUVER, February 2, 2007 - Cooper Minerals Inc. (TSXV: CQ) (the
"Company") wishes to announce that it has entered into a non-brokered
private placement for the sale of 1,800,000 units at a price of $0.50 per
share for a total of $900,000. Each unit shall consist of 1 common share
and 1 non-transferable share purchase warrant for the purchase of an
additional common share of the Company within 18 months from the date of
closing. The exercise price for the warrant will be $0.65 per share. The
funds shall be used for the Company's general working capital and its
exploration programs. The maximum allowable finder's fee shall be payable.
The Company also wishes to announce the appointment of MGI & Associates PR
of Vancouver, British Columbia to provide investor relations and
shareholder communications services.
MGI & Associates PR specializes in the representation of public companies
in the small cap, resources and technology sectors. They will assist the
Company in gaining increased exposure to investors through the
dissemination of corporate information to both the investment community
and private investors, nationally and abroad. This initiative reinforces
the Company's commitment to improve the flow of communication and
information to its shareholders and the investment community. The services
agreement with MGI & Associates PR is for a renewable three months
contract, subject to 30 days notice, at the monthly fee of $3,750.00.
On behalf of the Board of Directors
Cooper Minerals Inc.
Simon Tam
Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE
HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT
HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR
IMPLIED HEREIN.