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Copper King Announces Compliance with Nevada Star Option and Agreement

^{Published on 2008-12-24 06:51:58, Last Modified on 2008-12-24 06:52:43 - Market Wire}
 

MILFORD, Utah--([ BUSINESS WIRE ])--Copper King Mining Corporation (Pink Sheets:[ CPRK ]) announced today that its subsidiary, Western Utah Copper Company (WUCC), has fully complied with the Nevada Star Option and Agreement (the Option Agreement), by commencing production in full satisfaction with the requirements of the Option Agreement.

Mr. Monty Moore, former president and CEO of Nevada Star at the time of the Option Agreement's execution, in an private interview said, " WUCC has overcome nearly insurmountable odds and obstacles, such as no commercial power, in order to comply with both the spirit and the letter of the Option Agreement as written and agreed to at the time."

As Nevada Star's presiding officer at the time, Moore said, "WUCC has more than accomplished that which was agreed upon. The intent of the Option Agreement was that the properties be moved forward into production. In spite of periods of force majeure, properly excused by the Option Agreement, and even though substantial additional time still remains for WUCC to complete of the Option Agreement requirements as a result of the occurrence, recurrence and the extent of force majeure conditions, WUCC has steadily progressed in moving the project into production and fulfilling the requirements to complete the Option Agreement. Now, WUCC has constructed and is placing in operation a mill at a cost in excess of $50 million, and it certainly is apparent that completion of the Option Agreement requirements has been more than accomplished."

"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

For more information, visit Copper King's website at [ http://www.copperkingmining.com ] or contact Gavin Wetzel at 801-548-2831.