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

^{Published on 2009-07-30 07:31:32, Last Modified on 2009-07-30 07:31:40 - Market Wire}
 

MILFORD, UT--(Marketwire - July 30, 2009) - 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.