Cooper Minerals Inc V.CQ

Cooper Minerals agreement for Pakistan property

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Cooper Minerals agreement for Pakistan property

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Cooper Minerals Inc (C:CQ)
Shares Issued 44,019,220
Last Close 4/13/2011
.275

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Wednesday April 13 2011 - Property Agreement

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The TSX Venture Exchange has accepted for filingdocumentation in connection with an option agreement between Cooper MineralsInc. and Gul Asghar Khan dated Sept. 3, 2010, under which the company has aright to acquire a 60-per-cent interest in 2,229.33 acres of property (with anapplication for an additional 200 square kilometres) located within the Navel& Planna Village and Karjai Village, Tensil, and District Kotli, Pakistan,directly or through the acquisition of a 60-per-cent equity interest in acompany to be incorporated by the optionor to hold the property.

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Under the agreement, in order to exercise the option thecompany must:

1. Pay to the optionor $500,000 (U.S.) as to $100,000 (U.S.) on execution of the agreement and as to $400,000 (U.S.) within five business days of the date of this bulletin;
2. Incur expenditures on the property in the total amount of $2-million (U.S.), as to $500,000 (U.S.) on or before the first anniversary of the date of this bulletin; as to $500,000 (U.S.) on or before the second anniversary of the date of this bulletin; and as to $1-million (U.S.) on or before the third anniversary of the date of this bulletin;
3. Issue four million common shares in the capital of the company within five business days of the date of this bulletin.

The company has entered into a finder's fee agreement datedSept. 3, 2010, with Navin Enterprises Inc., an arm's-length finder, under whichthe company will pay a finder's fee in the amount of $65,973 within fivebusiness days of the date of this bulletin. The company will pay an additional$31,491 to Navin once the initial $500,000 (U.S.) in expenditures on theproperty has been incurred. Subject to further written approval of the exchange,the company may pay a further finder's fee for any work expenditures incurredby the company in respect of the property in excess of the $500,000 (U.S.) forthe period expiring on the first anniversary of the date of this bulletin. Thefurther finder's fee shall be calculated based on 5 per cent of such excessexpenditures.

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For further information, see the company's news release datedSept. 3, 2010, which is available under the company's profile on SEDAR.

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