Copper King Announces Update on Start-Up Operations and Nevada Star Option Litigation

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Thu Jul 30, 2009 10:17am EDT

  MILFORD, UT, Jul 30 (MARKET WIRE) -- 
Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the
"Company") provided an update today on its recent start-up operations at
its copper mill and concentrator. Copper concentrate production at the
mill continues while ongoing testing of grinding and copper flotation
circuits continues in line with normal start-up procedures. The Company
is considering modifications to its thickening and filtering systems in
order to provide a more efficient production cycle. The flotation
circuits and the magnetite circuits have been performing well. Grades for
copper concentrate have ranged between 31 and 39 % copper, with
significant values for gold and silver.

    The Company further wishes to announce that it is responding to an action
commenced in Federal District Court for the District of Utah by Pure
Nickel, Inc. of Ontario, Canada, formerly Nevada Star Resources
Corporation ("Nevada Star") seeking a court ruling on the status of the
Nevada Star Option Agreement between the Company's subsidiary, Western
Utah Copper Company and Nevada Star. The Agreement relates to
approximately 10% of the Company's mineral holdings in the Milford
Mineral Belt. The Company will vigorously defend the action, since it has
commenced production and has taken all other steps to fully comply with
the Agreement. The Company believes that any claim to the contrary is
wholly without merit. In addition, the Company will pursue counterclaims
for damages occasioned by the commencement of the action and relating to
the validity of title to much of the acreage under the Agreement,
accounting for what the Company believes constitutes 80% of the
mineralization subject to the Agreement. The Company will seek a
reduction of royalties and related damages.

    About Copper King

    Copper King controls over 80,000 acres of advanced-stage and
development-stage mineralized acreage in Western Beaver County, Utah The
Company is ramping up production at a 5,000 ton per day capacity flotation
mill for processing high-grade ores from its Hidden Treasure
copper-gold-silver mine and other controlled properties under its control.
Copper King is led by an experienced management team focused on
exploration and production using traditional and new technologies.

    This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe harbor
created by those sections. There are many factors that could cause our
expectations and beliefs about our plans to commence production, our
plans to drill or our drilling results to fail to materialize: general
world economic conditions; availability of capital; unfavorable geologic
conditions; the complexity of exploration and production; prevailing
prices for commodities, and general regional economic conditions. Copper
King assumes no obligation to update the information contained in this
press release.

    

Contact
Investor Relations:
Charles A. Moskowitz
617-633-2259
Email Contact

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