.
Mr. Alan Edwards of Copper One reports:
.
COPPER ONE SIGNS OPTION AND JOINT VENTURE AGREEMENT ONRIVIERE DORE COPPER NICKEL PROPERTY - QUEBEC
.
Vancouver, B.C., January 18, 2011, Copper One Inc. (TSXV: CUO) (the "Company"or "Copper One") is pleased to report that, subsequent to the Letter of Intent announcedon October 28, 2010, it has signed the formal Option and Joint Venture Agreement (the"Agreement") with Cartier Resources Inc. (TSXV: ECR) ("Cartier") to explore anddevelop the Riviere Dore Copper Nickel property (the "Property") in Quebec. CopperOne can acquire up to a 75% equity interest in the Property, located southeast of the townof Val- d'Or, Quebec. The 52,400 hectare project area covers an 80 kilometer longnewly discovered layered mafic intrusive complex from which Copper One andCartier have recently reported numerous copper and nickel showings, including nettextured copper-nickel sulfides in pyroxenite.
.
Under the terms of the agreement, Copper One has the right to earn a 51% interest in theProperty by funding $5 million of exploration expenditures (including $750,000 incommitted expenditures in Year 1), paying $250,000 cash and issuing 350,000 commonshares of Copper One to Cartier by December 31, 2015. Copper One can earn anadditional 24% interest in the Property, for an aggregate total interest of 75%, bycompleting a definitive feasibility study or by making further expenditures of$20,000,000.
.
Copper One and Cartier are completing plans for an aggressive exploration plan focusedon initiating drilling on the vast, underexplored property during the second quarter of2011.
.
A finder's fee is payable to Axemen Resource Capital, an Exempt Market Dealer, on theproject acquisition.
Addition to Technical Team
.
The Company has also expanded its consulting technical team to provide expert guidanceon the Riviere Dore Cu-Ni Project. Dr. Robert Brozdowksi will be a lead technicaladvisor on the exploration program. Dr. Brozdowksi has more than 25 years experiencein mineral exploration, including a specialty in copper-nickel sulfide deposits. He hasworked for numerous companies over that time including Western Mining, Gold FieldsExploration, Metals Mining Group (MMG), and the Ivanhoe Group.
.
An airborne geophysical survey has been completed over the project area. AlanEdwards, President and CEO of Copper One commented, "The survey is complete anddetailed interpretation of the conductors is underway and being correlated to mineralizedsurface occurrences. Details of the airborne results will be released upon completion byMarch, 2011, in advance of drilling."
.
About Copper One Inc.
.
Copper One Inc. also holds a significant portfolio of copper properties in the prolificcopper-producing regions, in Arizona and New Mexico. This area hosts some of theworld's largest and most profitable copper deposits and as a group, contain over 10% ofthe world's copper production. Copper One Inc. is focused on the discovery of copperresources which are suitable for leaching. Lone Mountain, the company's featureproperty, is within sight of the large Tyrone and Chino porphyry copper deposits ownedby Freeport-McMoRan.
.
For more information about Copper One Inc., please visit: www.copperone.com.
On behalf of the board of directors of Copper One Inc.,
Alan Edwards, B.Sc Mn Eng, MBA
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Copper One Inc.
www.copperone.com
Leo Karabelas
leo@frontlineir.com
(416) 543-3120
Robert Orr
rorr@copperone.com
(604) 697-6259
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well ashistorical information. Forward-looking statements include, but are not limited to, the continuedadvancement of the company's general business development, research development and the company'sdevelopment of mineral exploration projects. When used in this document, the words "anticipate","believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions mayidentify forward-looking statements. Although Copper One Inc. believes that their expectations reflected inthese forward looking statements are reasonable, such statements involve risks and uncertainties and noassurance 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 thepotential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporatestrategies, the ability to obtain financing and other risks disclosed in our filings made with CanadianSecurities Regulators.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek Safe Harbor.