Copper North Announces Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL)
announces that it plans to raise up to $1.3 million by way of a non-brokered
private placement (the "Private Placement").


The Private Placement will consist of the sale of up to 5 million flow-through
shares at a price of $0.06 per share and the sale of up to 16.7 million units
(the "Units") at a price of $0.06 per Unit. Each Unit will consist of one common
share of the Company (a "Share") and one half of one non-transferable warrant
(each whole warrant, a "Warrant"). Each Warrant will entitle the holder to
purchase one additional Share at a price of $0.08 until the first anniversary of
the closing of the Private Placement and $0.09 from the day following the first
anniversary of the Private Placement until expiry. The Warrants will expire 24
months from closing. 


The Company intends to use the proceeds from the Private Placement to complete
the technical review and for exploration of the Carmacks Project, for
exploration at the newly acquired Thor property (subject to TSX Venture Exchange
approval), and for working capital and general corporate purposes. The Private
Placement is subject to TSX Venture Exchange approval and all securities will be
subject to a four month hold period. 


Certain directors and officers of the Company may acquire securities under the
Private Placement. Any such participation would be considered to be a "related
party transaction" as defined under Multilateral Instrument 61-101 ("MI
61-101"). The transaction will be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101 as neither the fair market value
of any securities issued to nor the consideration paid by such persons will
exceed 25% of the Company's market capitalization.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States unless registered under the
U.S. Securities Act and applicable securities laws or an exemption from such
registration is available. 


On behalf of the Board of Directors:

Dr. Harlan Meade, President, CEO and Director

About Copper North

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


This news release includes certain forward-looking information or
forward-looking statements for the purposes of applicable securities laws. These
statements include, among others, statements with respect to the completion of
the proposed Private Placement; the price of securities issued pursuant to the
Private Placement; use of proceeds from the Private Placement; and proposed
exploration and development activities and their timing. 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, the timeliness
and success 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 Private Placement will receive
regulatory approval and will proceed as planned, the proposed exploration and
development of the mineral projects will proceed as planned, market fundamentals
will result in sustained metals and mineral prices, and any additional financing
needed will be available on reasonable terms. 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 Chief Executive Officer
604.638.2505
info@coppernorthmining.com
www.coppernorthmining.com
Copper North Mining (TSXV:COL)
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