Web Site: www.CuMtn.com
TSX.V: CUM
VANCOUVER, July 14 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company) announces that John Graf has agreed to join the Board of
Directors effective immediately, subject to the approval of the TSX Exchange.
Mr. Graf is a Chartered Accountant who last worked at the British
Columbia Securities Commission ("BCSC") as an Independent Commissioner from
December 1998 to March 2008. While at the BCSC Mr. Graf was Chair of the Audit
Committee. Prior to working at the BCSC Mr. Graf worked at Catalyst Paper
Corporation and retired from the position of Vice President, Secretary and
Treasurer of that corporation in 1997. Mr. Graf has managed the corporate
finance, legal, and secretarial affairs and properties of a company with a
market capitalization of $2.5 Billion. Prior to working at Catalyst Paper Mr.
Graf was a tax manager at the accounting firm Arthur Andersen & Co. Mr. Graf
has served on the Board of a number of Companies over his 40 plus year career.
Mr. Graf received his Bachelor of Commerce degree from the University of
British Columbia in 1966 and earned his Chartered Accountancy designation in
1968. Mr. Graf is a citizen and resident of Canada. As a condition of Mr.
Graf's appointment he has been granted 175,000 share purchase options
exercisable for a period of five years at an exercise price of $0.80 per
share.
Jim O'Rourke, President and CEO, stated, "We are extremely pleased to
have a person of John's stature join our Board to strengthen our ability to
meet our corporate governance objectives. Mr. Graf's knowledge of the
securities regulations and his experience as Chairman of the audit committee
are an important part of satisfying the Company's obligations to represent our
shareholders as the Company moves forward in becoming a mid-tier copper
producer." Mr. O'Rourke stated further that "Copper Mountain is forging ahead
with its development plans that will see the Copper Mountain Project in
production by mid 2011 and Mr. Graf's contributions will be invaluable."
About Copper Mountain Mining Corporation:
CMMC is a Canadian resource company, managed by an experienced team of
professionals with a solid track record of exploration and development
success. The Company's shares trade on the Toronto Stock Exchange under the
symbol "CUM". CMMC currently owns 100% of the 18,000 acre Copper Mountain
Project, located 15 km south of the town of Princeton in southern British
Columbia. The Copper Mountain Project is a past producer of 1.7 billion pounds
of Copper that closed in 1996, and therefore, there is significantly developed
infrastructure on site that the Company can build upon. The Copper Mountain
Project has a current resource of approximately 5 Billion pounds of copper and
it is CMMC's goal to develop the Copper Mountain Project as a mid tier copper
and precious metal mine to produce approximately 100 million pounds of copper
per year by mid 2011. Additional information is available on the Company's web
page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Rod Shier"
Rod Shier
Director and Chief Financial Officer
Note: This release contains forward-looking statements that involve risks
and uncertainties. These statements may differ materially from actual future
events or results. Readers are referred to the documents, filed by the Company
on SEDAR at www.sedar.com, specifically the most recent reports which identify
important risk factors that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or to
release publicly any revisions to any forward-looking statement.