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
Diagnos Inc. ("Diagnos") to acquire a 100% interest in 56 claims (the "Claims")
contiguous to the Queylus copper gold property located near the town of
Chibougamau, Quebec. On January 25, 2012, Copper One entered into an agreement
with Lounor Exploration Inc. ("Lounor") to acquire 100% of the Queylus property
(see the news release issued by Copper One on January 25, 2012).


Under the terms of the Purchase Agreement, Copper One will acquire 100% of the
Claims by paying to Diagnos $10,000 in cash, issuing to Diagnos 175,000 common
shares of Copper One and granting to Diagnos a royalty of 2% of the net smelter
return in connection with ores and concentrates extracted from the property
underlying the Claims. The Purchase Agreement provides that Copper One has the
right to reduce such royalty from 2% to 1% at any time by paying to Diagnos
$1,000,000 in cash. 


The Purchase Agreement is subject to approval of the TSX Venture Exchange.

Benoit Moreau, President and Chief Executive Officer of Copper One, stated: "The
acquisition of these claims will expand the Queylus property from 124 to 180
claims and to comprise the entire tonalitic intrusion that may be related to the
historical copper gold intercepts on the Queylus property." 


The Queylus property is located less than 10 kilometers from the town of
Chibougamau, Quebec. Upon closing of the Purchase Agreement and the purchase
agreement with Lounor, the Queylus property will consist of 180 claims totalling
approximately 2,880 hectares (29 km2) in the Obalski and Queylus townships.
Access is excellent and is provided by Highway 167, which runs through the
western portion of the property.


The Queylus 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 meters. 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
Queylus property to better define its 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.

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 closing of the Purchase Agreement and the purchase agreement
entered into between Copper One and Lounor, 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 believes that its 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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