NEWS RELEASES
August 30, 2011
Cooper Provides Update on Thermal Coal Project in Pakistan
Vancouver, British Columbia, Canada, August 30, 2011 – Cooper Minerals Inc. (“Cooper” or the “Company” - TSX-Venture: CQ) would like to provide its shareholders with an update on its thermal coal project in Pakistan.
Pursuant to the terms of the Option Agreement dated September 3, 2010 between Cooper and Mr. Gul Khan (“Gul”), Cooper and Gul have jointly formed a newly incorporated company AJK Coal Mining Company (Private) Ltd. (“AJK”) in Pakistan for the exploration and production of coal. The Company holds 60% ownership in AJK. AJK has a 100% legal and beneficial interest in certain thermal coal property (the “Property”) located within the Navel & Planna Village, and Karjai Village, Tehsil and District Kotli, State of Azad Jammu and Kashmir (AJK), Pakistan. The Property consists of 2,230 acres of land and an application for an additional 200 square kilometers.
Pakistan ranks seventh amongst the top twenty countries of the world so far as coal resources are concerned. 97% of coal reserves of Pakistan are of lignite rank and vast deposits of these occurs in AJK & Thar area.
Simon Tam, President of the Company stated: “Prior to the Company’s option agreement with Mr. Gul Khan, test shipments of coal from the property were sold to a local cement plant owned by the Fauji Cement Company. The Fauji Cement Company used 1,128,258 MT of coal in its cement operations in 2010. The Company considers this as one of the potential coal customers in the area. Management has planned an aggressive exploration program and will continue to update our shareholders as these plans develop.”
On behalf of the Board of Directors,
Simon Tam
President and Director
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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