Overview

Copper Canyon Resources Ltd. (CPY:TSX-V) is a Canadian exploration and development company formed in June 2006 in a spin-off from Eagle Plains Resources (EPL:TSX-V). CPY seeks to add shareholder value by applying the joint venture model to advance its projects to production.

Copper Canyon, the most significant property, is located adjacent to the Galore Creek Project in north-western British Columbia, a 50/50 joint venture between Teck Cominco Ltd. and NovaGold Resources.

Chief Properties

CPY has three properties in its portfolio, Copper Canyon, Abo and Severance. Copper Canyon, the most significant property, is located in NW BC adjacent to the Galore Creek project. This property has seen approximately $3.0 million of recent
exploration by NG plus historic exploration, resulting in an inferred resource. The
Abo is located in SW BC and is a developed gold property that has seen approximately
$8 million in previous exploration spending, resulting in an indicated and
inferred resource. The Severance is located in Central Yukon and is a grass roots
exploration target for gold. Both Abo and Severance are currently under option
with Egoli Resources and Northern Freegold Resources respectively.

The Copper Canyon Project

The Copper Canyon property is a multi-million ounce copper-silver-gold deposit located approximately 150 kilometers northeast of the tidewater port of Stewart, British Columbia and 75 kilometers northwest of Barrick Gold’s Eskay Creek gold-silver mine that produced 350,000 ounces of gold annually for more than 20 years. The Galore Creek/Copper Canyon project overlies one of the largest and highest-grade alkalic intrusive-related gold-silver-copper deposits in North America. Copper Canyon Resources controls 40% of the Copper Canyon property. NovaGold/Teck Cominco have earned a 60% interest in the Copper Canyon project, by completing C$3 million in exploration expenditures, issuing a total of 296,000 of NG shares and making property payments totalling C$250,000.

Drilling Highlights:

• DDH CC07-033 returns 129.0m grading 0.89% copper-equivalent from 76.0m to 205.0m and 158.8 m grading 1.13% copper-equivalent from 438.2m to 597.0m
• DDH CC07-34 returns 118.0 m grading 0.99% copper- equivalent from 4.60 to 122.60m
• DDH CC07-36 returns high-grade gold mineralization of 31.9 g/t Au over 2.5 m from 183.5m to 186.0m and 26.8g/t Au over 2.7m from 211.8m to 214.5m (true thicknesses undetermined)
• DDH CC07-44 returns 181.0 m grading 0.69% copper equivalent from 26.5m to 207.5m

The Abo (Harrison Gold) Project

The Abo is located in SW British Columbia and is a developed gold property that has seen approximately $8.0 million of previous exploration work resulting in an Indicated Resource of 1,845,000 tonnes averaging 2.79 g/t or 165,200 oz in situ, with a further Inferred Resource of 613,600 tonnes averaging 2.79 g/t or 55,100 oz. These resources are contained within the Jenner and Portal Stock zones. Egoli Resources Inc. may earn a 75% interest in the Property by completing CDN$7.5M in exploration expenditures, paying Copper Canyon CDN$1.5M in cash and issuing 1,000,000 million common shares of Egoli over a 5 year period. After these commitments are met, Copper Canyon Resources will own a 25% interest in the Property and retain a 2% net smelter royalty (NSR), 1% of which may be purchased at any time for CDN $1,500,000.

The Severance Project

The Severance project is located in the central Yukon and is a grass roots exploration target for gold. Copper Canyon executed an option agreement with Northern Freegold Resources Ltd (TSX-V:NFR) whereby NFR may earn a 100% interest (less 3% NSR) in the Severance Property by making staged cash payments totaling $50,000 and issuing 300,000 common shares to CPY. An additional 500,000 shares will be issued to CPY in the event of a production decision or change in control of NFR to another company. The 3% NSR may be reduced to 1% by payment of $1,500,000.

Management

• Tim J. Termuende, P. Geo – Director, President & CEO
• Glen Diduck, CA – Director, Chief Financial Officer
• Charles C. Downie, P.Geo. – Director, Vice-president Exploration
• Darren Fach, LLB – Director, Corporate Secretary
• David Johnston, BASC, MASC – Director
• Ron Netolitzky, M.SC. Geol. – Director
• Neil Macdonald – Director

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