COL Copper North Mining Corp

Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL) is
pleased to announce that the agreement to acquire a 100% interest in the Thor
property from Electrum Resource Corporation ("Electrum"), previously announced
on July 2, 2014, has been accepted by the TSX Venture Exchange ("TSXV"). 


Pursuant to the acquisition agreement, Copper North has made the initial payment
of $25,000 and issued 1,000,000 common shares of the Company to Electrum. The
common shares issued are subject to a four month hold period. Copper North will
maintain its 100% interest in the Thor property by making, over a six year
period, additional cash payments totalling $500,000 (for an aggregate of
$525,000), issuing four (4) million additional common shares (for an aggregate
of 5 million common shares) and incurring exploration expenditures on the
property totalling $5 million. If the Company fails to make a scheduled payment
of cash or common shares, title to the property will revert to Electrum. In
addition, Electrum will receive a 2% Net Smelter Return which is capped at $5
million. The Company agrees to pay an advanced royalty payment of $1 million if
commercial production is not attained in respect of the Thor property before the
seventh, eighth, ninth, tenth and eleventh anniversaries of the acquisition
agreement. 


The Thor property consists of 8,700 hectares of mineral claims, is road
accessible and is located approximately 20 kilometres south of the Kemess South
mine-mill complex in North Central British Columbia. The property hosts several
attractive large geophysical targets associated with intrusive complexes similar
to those hosting the porphyry copper-gold deposits of the Kemess District.
Additional Induced Polarization surveying is planned for summer 2014 to complete
coverage in the West and East blocks and better define targets for drill
testing. 


The technical information in this news release has been reviewed and approved by
Dr. Harlan Meade, P. Geo. who is a "qualified person" as defined by National
Instrument 43-101.


About Copper North

Copper North is a Canadian mineral exploration and development company. Copper
North's assets include the Carmacks Copper Project located in the Yukon, the
Thor Property in British Columbia, and the Redstone Property located in the
Northwest Territories. Copper North trades on the TSX Venture Exchange under the
symbol COL.


On behalf of the Board of Directors,

Dr. Harlan D. Meade, President, CEO, and Director

Cautionary and Forward-Looking Information Comments

This news release includes certain forward-looking information or
forward-looking statements (collectively "Forward-Looking Information") for the
purposes of applicable securities laws. Forward-Looking Information includes,
but is not limited to, statements with respect to the acquisition agreement with
Electrum and Copper North's obligations thereunder; the proposed exploration and
development activities on the Thor property and their timing and potential
mineralization; possible events, conditions or performance that are based on
assumptions about future courses of action. In certain cases, Forward-Looking
Information can be identified by the use of words and phrases such as "plans",
"expects" or "does not expect", "scheduled", "estimates", "anticipates",
"potential", "recommends" or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would" or "will be
taken", "occur" or "be achieved". 

These statements address future events and conditions and, as such, involve
known and unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements to differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations include, among
others, timeliness of regulatory approvals, the timing and success of future
exploration and development activities, exploration and development risks,
market prices, exploitation and exploration results, availability of capital and
financing, general economic, market or business conditions, uninsured risks,
regulatory changes, defects in title, availability of personnel, materials and
equipment, unanticipated environmental impacts on operations and other
exploration risks detailed herein and from time to time in the filings made by
the Company with securities regulators. In making the forward-looking
statements, the Company has applied several material assumptions including, but
not limited to, the assumptions that the Company will be able to satisfy its
obligations under the acquisition agreement, that the Company will obtain
regulatory approvals on a timely basis, that the proposed exploration and
development of Thor property will proceed as planned, the Company will be able
to timely obtain permits and licences required for development of the property
and conduct its operations, that market fundamentals will result in sustained
metals and mineral prices, current exploration and other objectives can be
achieved, that the Company's other corporate activities will proceed as
expected, and any additional financing needed will be available on reasonable
terms. Although the Company has attempted to identify important factors that
could affect the Company and may cause actual actions, events or results to
differ materially from those described herein, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that Forward-Looking Information will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on Forward-Looking Information. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation. 


Neither the 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Copper North Mining Corp.
Dr. Harlan Meade
President and CEO
604.638.2505
info@copperrnorthmining.com
www.coppernorthmining.com

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