MELDUNGEN

Mr. Tai Chen reports

PRIVATE PLACEMENT

Further to its news in Stockwatch on Oct. 18, 2005, Cooper Minerals Inc. reconfirms that it has entered into a brokered or non-brokered private placement for the sale of 1.5 million units at a price of 35 cents per unit for a total of $525,000. Each unit will consist of one common share and one non-transferable share purchase warrant for the purchase of one further common share of the company within one year from the date of closing. The exercise price for the warrants is 50 cents per share. The share purchase warrants shall have a term of the lesser of (i) one year 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 TSX Venture Exchange has closed equal to or greater than 60 cents per share. All of these units are subject to a four-month hold period from the date of closing and item (ii) shall not apply during the hold period. The proceeds from this private placement will be used for unallocated working capital and property acquisition. The maximum allowable finder's fee shall be payable.

The company has granted incentive stock options for a total of 100,000 shares at a price of 39 cents per share. The options will have an exercise term of three years.

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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