News

Vancouver, British Columbia, Canada, September 3, 2010 – Cooper Minerals Inc. (“Cooper” or the “Company” - TSX-Venture: CQ) is pleased to announce that it has entered into an Option Agreement with Gul Asghar Khan (the “Optionor”) to acquire a 60 per-cent interest in certain thermal coal properties (the “Property”) located in Pakistan. The Property consists of 2,230 acres of land and an application for additional 200 sq kms for exploration and production of coal located within the Navel & Planna Village, and Karjai Village, Tehsil and District Kotli, State of Azad Jammu and Kashmir (AJK), Pakistan.

Pakistan ranks seven amongst the top twenty countries of the world so far as the coal resources are concerned. 97% of coal reserves of Pakistan are of lignite rank and vast deposits of these occurs in AJK & Thar area.

The consideration for the acquisition are cash payments totalling US$500,000, incurring exploration expenditures of US$2,000,000 on the properties over a three-year period and the issuance of 4,000,000 common shares from treasury upon receipt of TSX Venture Exchange approval for this transaction.

Private Placement Financing

The Company has entered into a private placement for the sale of 22,000,000 units at a price of $0.05 per unit for a total of $1,100,000. Each unit will consist of 1 common share and 1 share purchase warrant for the purchase of 1 further common share of the Company within five years at the price of $0.10 per share for first year, $0.15 per share for the second year, $0.20 per share for the third year and $0.30 for the fourth and fifth year.

These transactions are subject to regulatory approval. The maximum allowable finder’s fee shall be paid in shares and cash with regard to the deemed benefit derived from the Agreement and the private placement financing as per the TSX Venture Exchange’s policy guidelines.

Incentive Stock Options

The Company also announces the granting of 2,000,000 incentive stock options to certain directors, officers and consultants. These options are exercisable for up to five years at a price of $0.25 per share.

On behalf of the Board of Directors,

Disclaimer and Cautionary Statement Regarding Forward-Looking Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any and all jurisdictions.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

Cooper Minerals Inc. seeks safe harbor.

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