Copper King Mining Corporation Announces Receipt of Beaver County Inducement Resolution...

Copper King Mining Corporation Announces Receipt of Beaver County Inducement Resolution for Long-Term Bond Financing

MILFORD, Utah--(Business Wire)--
Copper King Mining Corporation (Pink Sheets:CPRK), an ore mining,
processing, and exploration company located in Milford, Southern Utah,
announced today that it has obtained, through its wholly owned
subsidiary, Western Utah Copper Company (WUCC), an inducement
resolution from Beaver County, Utah, to issue taxable Industrial
Revenue Bonds totaling $100,000,000.

The Beaver County inducement states in part:

The Bonds issued by the County under the provisions of this
Resolution shall not constitute nor give rise to a general obligation,
debt or liability of the County, or a charge against its general
credit or taxing powers. Nothing contained in this Resolution or in
any other instrument shall be considered as indebtedness of the County
or as obligating the County to any pecuniary liability or a charge
against or upon the general credit of the County or against its taxing
powers. Such limitations shall be plainly stated and printed upon the
face of said Bonds.

The bonds will be purchased by OCS Capital Group LLC's investment
banking house. Copper King received a firm letter of commitment in
advance for the purchase of these bonds. The commitment states in
part:

The foundation is a qualified sophisticated institutional investor
as defined by SEC rule 144(a) and is not relying on, or intending to
remarket the bonds.

The foundation will purchase the entire issue of the taxable Bonds
in an aggregate principal amount not to exceed $100,000,000.

OCS, an OCS American Limited Liability Company, is
an international bond-law consulting firm with offices in
Pennsylvania, Washington DC, and Albuquerque NM. It is also a
consultant on government relations and government affairs. It
provides technical and professional services to local, municipal,
state and federal government agencies in the United States and South
America.

OCS past projects have ranged from $25 Million, up to $8.3 Billion
and vary from mining to commercial developments in cities and towns.
Additional information will be released as approved by the lender.

"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995

Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking information is
inherently subject to risks and uncertainties, and actual results
could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to, risk factors
inherent in doing business. Forward-looking statements may be
identified by terms such as "may," "will," "should," "could,"
"expects," "plans," "intends," "anticipates," "believes," "estimates,"
"predicts," "forecasts," "potential," or "continue," or similar terms
or the negative of these terms. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. The company has no obligation to update
these forward-looking statements.

Copper King Mining Corporation
Deborah Benson, 801-232-1788
http://www.copperkingmining.com

Copyright Business Wire 2008