CUO Copper One Inc

Copper One Inc. (TSX VENTURE:CUO) ("Copper One" or the "Company") has entered
into a definitive agreement (the "Agreement") to sell all of the shares of its
wholly-owned subsidiary, Copper One USA, Inc. ("Copper One USA"), to Cornerstone
Metals Inc. ("Cornerstone"). Copper One USA owns the Lone Mountain and Mimbres
properties in New Mexico and the West Jerome, Twin Peaks, West Safford and
Teague Springs properties in Arizona. 


Under the terms of the Agreement, Copper One will receive 2,250,000 Cornerstone
common shares on the closing date of the sale, plus the following additional
consideration tied to specific properties:




--  Within 30 days of completing a feasibility study in respect of the Lone
    Mountain property, Cornerstone will (a) issue to Copper One 2,000,000
    Cornerstone common shares; (b) pay to Copper One $1,000,000 in cash or
    shares at Copper One's option; and (c) grant to Copper One a 0.5% net
    smelter return royalty capped at $5,000,000, which may be repurchased by
    Cornerstone for $1,000,000 in cash or shares at Copper One's option at
    any time up until the earlier of eight years following the date of the
    Agreement and the date on which commercial production is achieved in
    respect of the Lone Mountain property. 
    
--  Within 30 days of completing a feasibility study in respect of the West
    Jerome property, Cornerstone will: (a) issue to Copper One 500,000
    Cornerstone common shares; (b) pay to Copper One $750,000 in cash or
    shares at Copper One's option; and (c) grant to Copper One a 0.5% net
    smelter return royalty capped at $4,000,000, which may be repurchased by
    Cornerstone for $800,000 in cash or shares at Copper One's option at any
    time up until the earlier of eight years following the date of the
    Agreement and the date on which commercial production is achieved in
    respect of the West Jerome property. 
    
--  Within 30 days of completing a feasibility study in respect of any of
    the other properties, Cornerstone will: (a) issue to Copper One 350,000
    Cornerstone common shares; (b) pay to Copper One $375,000 in cash or
    shares at Copper One's option; and (c) grant to Copper One a 0.5% net
    smelter return royalty capped at $3,000,000, which may be repurchased by
    Cornerstone for $350,000 in cash or shares at Copper One's option at any
    time up until the earlier of eight years following the date of the
    Agreement and the date on which commercial production is achieved in
    respect of such property. 



750,000 of the 2,250,000 Cornerstone shares issued to Copper One on the closing
date of the sale will be subject to a voluntary 12-month hold period. 


The Agreement remains subject to certain customary closing conditions, including
the approval of the TSX Venture Exchange. 


Benoit Moreau, President and Chief Executive Officer of Copper One stated:
"After selling its assets in the United States, Copper One will focus on
advancing the Riviere Dore copper-nickel and Queylus copper-gold projects.
Copper One thanks all of the contractors, consultants and employees who assisted
the Company with exploring and developing its properties in the United States."


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 Copper One portfolio includes 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. 


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 Company's exploration and development
prospects. 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 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 the
Company's filings made with Canadian Securities Regulators. The Company does not
undertake to update any forward-looking statements, except in accordance with
applicable securities laws.


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 One Inc.
Benoit Moreau
(514) 591-8058
bmoreau@copperone.com
www.copperone.com

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