SPC SPC Nickel Corp

SUPERIOR COPPER CORPORATION (TSX VENTURE:SPC) ("Superior Copper" or the
"Company") is pleased to announce that it intends to complete a best efforts
non-brokered private placement financing of up to 6,000,000 hard dollar units
("HD Units") at a price of $0.10 per HD Unit, and up to 10,000,000 flow-through
units ("FT Units") at a price of $0.12 per FT Unit, for gross proceeds of up to
$1,800,000 (the "Offering").


Each HD Unit will be comprised of one common share ("Common Share") and one-half
common share purchase warrant ("HD Warrant"), with each HD Warrant being
exercisable for one common share of the Corporation at an exercise price of
$0.15 for a period of 24 months following the closing date of the financing.
Each FT Unit will consist of one "flow through" common share (a "Flow Through
Share"), and one-half common share purchase warrant (a "FT Warrant"), with each
FT Warrant being exercisable for one common share of the Company at an exercise
price of $0.20 for a period of 24 months following the closing date of the
financing. Where the closing price of the common shares equals or exceeds a
weighted average price of $0.25 (in respect of HD Warrants) and $0.30 (in
respect of FT Warrants) for 15 consecutive trading days following the date that
is four months and one day after the closing date, the Corporation shall have
the right to require conversion of the HD Warrants and FT Warrants, as the case
may be, at the exercise price therefore upon 30 days' notice.


The proceeds of the Offering will be used for exploration, property acquisition,
and general working capital purposes. The Corporation will ensure that the
proceeds received from the amount allocated to the Flow-Through Shares forming
part of the Flow-Through Units sold will be used to incur expenses which qualify
as Canadian Exploration Expenses for purposes of the Income Tax Act (Canada) and
will renounce such expenses with an effective date of no later than December 31,
2013.


Superior Copper intends to close the Offering on or around December 21, 2012.
The securities issued pursuant to the Offering will be subject to a statutory
four month and one day hold period. The Offering is subject to certain
conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange and applicable
securities regulatory authorities.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons as defined under
applicable securities laws unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is
available.


About Superior Copper

Superior Copper Corporation is a Canadian-based exploration company focused on
base and precious metal exploration. The Company's primary objective is to
target highly prospective and underexplored mineral properties, particularly
copper, in order to meet the increasing global demand. The Company has two key
exploration projects; the Batchawana Copper Project and the Riviere Dore Project
in Quebec.


CAUTIONARY STATEMENT: This News Release includes certain "forward-looking
statements". These statements are based on information currently available to
the Company and the Company provides no assurance that actual results will meet
management's expectations. Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be identified by
such terms as "believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results relating to, among
other things, results of exploration, project development, reclamation and
capital costs of the Company's mineral properties, and the Company's financial
condition and prospects, could differ materially from those currently
anticipated in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets; changes in demand
and prices for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on the Company's forward-looking statements. The
Company does not undertake to update any forward-looking statement that may be
made from time to time by the Company or on its behalf, except in accordance
with applicable securities laws. Please see our public filings at www.sedar.com
for further information.


Shares Outstanding: 65,684,269

FOR FURTHER INFORMATION PLEASE CONTACT: 
Superior Copper Corporation
Judy Baker
President & CEO
416.479.0893 Ext 401
jbaker@superiorcopper.ca
www.superiorcopper.ca

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