LMD LED Medical Diagnostics Inc

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Mag Copper Limited (the "Company") (CNSX:QUE) is pleased to announce a
non-brokered private placement with the MineralFields Group for gross proceeds
of $1,000,000 through the issuance of 5,882,353 flow-through units (the
"Flow-Through Units") of the Company at a price of $0.17 per Flow-Through Unit. 


Each Flow-Through Unit consists of one common share of the capital stock of the
Company (the "Common Share"), issued on a "flow-through share" basis, and
one-half (1/2) of a common share purchase warrant. Each whole warrant entitles
the holder thereof to purchase one (1) Common Share for a period of twenty-four
(24) months from the date of issuance at an exercise price of $0.23 per Common
Share for the initial twelve (12) months and at an exercise price of $0.28 per
Common Share for the following twelve (12) months.


In connection with the issuance of the Flow-Through Units, the Company has
agreed to pay Limited Market Dealer Inc. ("LMD") a cash commission equal to ten
(10%) of the aggregate proceeds of the offering and warrants (the "Compensation
Warrants") equal to ten (10%) of the number of Flow-Through Units issued and
sold under the offering attributable to LMD. Each Compensation Warrant will
entitle the holder thereof to purchase one Common Share of the Company at an
exercise price of $0.17 per Common Share for a period of eighteen (18) months
from the date of issuance. The securities to be issued are subject to a four
month hold period. 


The Company will use the proceeds of the offering for exploration and
development work. 


"We are very pleased to be entering into this relationship with MineralFields
Group" said Mani Verma, Chief Executive Officer. "This is an important milestone
in the growth of the Company and we look forward to working with MineralFields
Group as we develop our projects."


About MineralFields Group

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Montreal, Vancouver and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. The sector focus is on
gold and precious metals, base metals, rare earths and lithium, potash, uranium,
oil, coal and gas. Pathway Asset Management also specializes in the
manufacturing and distribution of structured products and mutual funds
(including the Pathway Multi Series Fund Inc. corporate-class mutual fund
series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R), and have raised over $1 billion in
their 10 year history.


Shares Outstanding: 43,664,433

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