Cooper Minerals Inc V.CQ

The Namura Deal Has Closed

[drew17]

Cooper Minerals Inc. 43465 Commercial Street, Vancouver, BC V5N 4E8 Telephone: [phone]/ Facsimile: [phone] January 5th 20007 Symbol: CQ News Release Cooper Minerals Inc. (the "Company") wishes to announce that further to its news release dated July 25, 2006, the Company has closed its transaction with the shareholders of Namura Finland Oy ("Namura") to acquire a 100% interest in the capital stock of Namura and the Company has issued 6,000,000 shares at a deemed price of $0.34 per share. In respect of any shares issued or issuable pursuant to the foregoing securities, a hold period with an expiry date of May 3, 2007 applies. On behalf of the Board of Directors Cooper Minerals Inc. "Simon Tam"