CUO Copper One Inc

Copper One Inc. (TSX VENTURE:CUO) (the "Company" or "Copper One") is pleased to
announce that it has signed a purchase agreement (the "Purchase Agreement") with
Lounor Exploration Inc. ("Lounor") (TSX VENTURE:LO) to acquire 100% of the
Queylus copper gold property (the "Property") located near the town of
Chibougamau, Quebec.


Under the terms of the Purchase Agreement, Copper One will acquire 100% of the
Property by paying to Lounor $23,750 in cash, issuing to Lounor 475,000 common
shares of Copper One and granting to Lounor royalties ranging from 1% to 2% of
the net smelter return in connection with ore extracted from certain claims
comprising the Property. 


In connection with the transactions contemplated under the Purchase Agreement,
Copper One has entered into an agreement with SOQUEM Inc. ("SOQUEM") whereby
SOQUEM has agreed to renounce its right of first refusal over certain claims
comprising the Property in consideration for Copper One paying to SOQUEM $2,500
in cash and issuing to SOQUEM 50,000 shares of Copper One. 


The Purchase Agreement and the agreement providing for the renunciation by
SOQUEM of its right of first refusal are subject to approval of the TSX Venture
Exchange.


Benoit Moreau, President and Chief Executive Officer of Copper One, stated: "The
acquisition of the Queylus Property will allow the Company to get its first
exposure to the Plan Nord, which was recently announced by the Quebec government
and is expected to lead to over $80 billion in investments in Northern Quebec
over the next 25 years. It represents another opportunity to invest in a stable
and mining friendly jurisdiction." 


The Queylus Property is located less than 10 kilometers from the town of
Chibougamau, Quebec. It consists of 124 claims totalling approximately 2,000
hectares (20 km2) in the Queylus township. Access is excellent and is provided
by Highway 167, which runs through the western portion of the Property.


The Property is near the Lac Dore anorthosite complex and is underlain by
Proterozoic sediments in contact with Archean granitoids. The best historical
diamond drill hole on the Property, reported by Lounor in 1996 and 1997,
intersected 0.5% copper and 0.18 g/t gold over 52.4 metres. Copper One has not
yet done sufficient work to verify this historic data and does not intend to use
this information for purposes other than planning and prioritizing exploration
targets.


Copper One intends to undertake soon a high resolution airborne geophysical
survey that will include magnetic and electromagnetic coverage over the entire
Property to better define the Property's magnetic signature.


Qualified Person

The scientific and technical information in this news release has been reviewed
and approved by Benoit Moreau, Copper One's President and CEO, a professional
engineer 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 additions to Copper One's portfolio are the
Riviere Dore copper-nickel project, located near Val d'Or, Quebec, and the
Queylus copper-gold project, located in the Chibougamau mining district in
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.

About SOQUEM and Investissement Quebec

SOQUEM is a wholly-owned subsidiary of Investissement Quebec. Investissement
Quebec's mission is to foster the growth of investment in Quebec, thereby
contributing to economic development and job creation in every region.
Investissement Quebec offers businesses a full range of financial solutions,
including loans, loan guarantees and equity investments, to support them at all
stages of their development. It is also responsible for administering tax
measures and prospecting for foreign investment.


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 intention to undertake a high resolution geophysical
survey of the Property, 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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