CUO Copper One Inc

Copper One Inc. (TSX VENTURE:CUO) (the "Company" or "Copper One") is pleased to
announce that the TSX Venture Exchange has approved the purchase agreement (the
"Purchase Agreement") between Copper One and Cartier Resources Inc. ("Cartier")
(TSX VENTURE:ECR) whereby Copper One has acquired 100% of the Riviere Dore
copper nickel property (the "Property") located near the town of Val-d'Or,
Quebec.


In connection with the approval of the Purchase Agreement by the TSX Venture
Exchange, and pursuant to the terms of the Purchase Agreement, Copper One has
paid to Cartier $150,000 in cash, issued to Cartier 2,000,000 common shares of
Copper One and granted to Cartier a royalty of 1% of the net smelter return in
connection with ore extracted from the Property. Copper One has also agreed to
pay to Cartier in cash in three equal installments over the 18-month period
following the commencement of commercial production on the Property an amount
equal to 2% of the net present value shown in a bankable feasibility study
prepared in respect of the Property at the direction of Copper One.


The option and joint venture agreement between Copper One and Cartier in respect
of the Property, and announced in a press release issued by Copper One on
January 18, 2011, has been terminated.


Benoit Moreau, President and Chief Executive Officer of Copper One, stated:
"Copper One is very pleased to finalize the purchase of the Riviere Dore
property from Cartier and to begin to move forward proactively towards
successful negotiations with the Algonquin Community of Rapid Lake. Copper One
intends to expend significant resources and efforts to unlock the property's
tremendous potential, and we look forward to exploring the many high priority
targets that we have identified on the property, while respecting and working
with the local communities."


The 60,500 hectare Riviere Dore Property includes an 80 kilometer long newly
discovered mafic layered intrusive complex from which Copper One has reported
numerous copper and nickel showings, with platinum group elements, including net
textured copper-nickel sulfides in pyroxenite (see the press release issued by
Copper One on December 2, 2010). Based on the occurrence of EM conductors,
geomagnetics, till sampling, favorable geology and rock sampling anomalies that
indicate potential for copper-nickel sulfide mineralization, Copper One has
identified for drilling 35 primary targets located throughout the Property (see
the press release issued by Copper One on May 26, 2011).


On July 8, 2011, Copper One announced that, following discussions with the
Ministere de Ressources naturelles et de la Faune, the Secretariat aux affaires
autochtones, and the Algonquin Community of Rapid Lake, exploration work on the
property had been put on hold pending discussions among Copper One, Cartier and
the other stakeholders located near the Property. The Ministere des Ressources
naturelles et de la faune has granted an extension of the term for the claims
that comprise the Property to July 3rd 2013, if necessary. All of such claims
currently are in good standing and there are no work commitment requirements
during the extension period.


Copper One is committed to respecting the interests of stakeholders in the
Riviere Dore Property and plans to begin shortly negotiations with the Algonquin
Community of Rapid Lake with the objective of reaching an agreement between all
parties prior to undertaking further exploration work.


Qualified Person

The scientific and technical information in this news release has been reviewed
and approved by Thomas R. Kilbey, Copper One's Vice President - Exploration, a
certified professional geologist and a qualified person as defined by National
Instrument 43-101.


About Copper One Inc.

Copper One is focused on developing high-value copper deposits in leading mining
jurisdictions. The Company is led by a diverse team of explorers, developers and
operators with major company experience and a clear understanding of the
business of mining. The newest addition to Copper One's portfolio is the Riviere
Dore copper-nickel project, located near Val d'Or, Quebec. Copper One has six
other properties which are located in the Arizona and New Mexico copper mining
districts, including the Lone Mountain copper oxide project.


For more information about Copper One Inc., please visit: www.copperone.com.

On behalf of the board of directors of Copper One Inc.,

Benoit Moreau, President & Chief Executive Officer

FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as
well as historical information. Forward-looking statements include, but are not
limited to, statements with respect to the impact of the acquisition on the
Company, the Company's negotiations with the Algonquin Community of Rapid Lake,
the continued advancement of the Company's general business and research
development and the Company's development of mineral exploration projects. When
used in this document, the words "anticipate", "believe", "estimate", "expect",
"intent", "may", "project", "plan", "should" and similar expressions may
identify forward-looking statements. Although Copper One Inc. believes that
their expectations reflected in these forward looking statements are reasonable,
such statements involve risks and uncertainties and no assurance can be given
that actual results will be consistent with these forward-looking statement.
Important factors that could cause actual results to differ from these
forward-looking statements include the potential that fluctuations in the
marketplace for the sale of minerals, the inability to implement corporate
strategies, the ability to obtain financing and other risks disclosed in our
filings made with Canadian Securities Regulators.

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