SPC SPC Nickel Corp

Superior Copper Corporation (TSX VENTURE:SPC) ("Superior Copper" or the
"Company") is pleased to announce that has completed the best efforts
non-brokered private placement financing announced on December 7, 2012 for gross
proceeds of $800,000.  A total of 3,700,000 hard dollar units ("HD Units") were
sold at a price of $0.10 per HD Unit for gross proceeds of $370,000, and
3,583,333 flow-through units ("FT Units") were sold at a price of $0.12 per FT
Unit for gross proceeds of $430,000 (the "Offering"). 


Each HD Unit consists 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 Offering. Each FT Unit
consists 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 Offering. 
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, 2012. 


The securities issued pursuant to the Offering will be subject to a statutory
four month and one day hold period.  Finders were paid a cash commission of
$30,660 and were issued 287,000 HD Warrants. 


The participation in the private placement by certain "related parties" of the
Company, namely certain insiders of the Company constitutes a "related party
transaction" as such terms are defined by Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions ("MI 61-101"),
requiring the Company, in the absence of exemptions, to obtain a formal
valuation for, and minority shareholder approval of, the "related party
transaction". The Company is relying on the exemptions from the formal valuation
and minority approval requirements of MI 61-101 pursuant to which a formal
valuation and minority approval are not required in the event that at the time
the transaction is agreed to, neither the fair market value of the subject
matter of, nor the fair market value of the consideration for, the transaction,
insofar as it involves interested parties, exceeds 25 per cent of the Company's
market capitalization. The related parties acquired a total of 733,333 FT Units
of the private placement for gross proceeds of $88,000. The participation by
each of the related parties in the private placement was approved by directors
of the Company who are independent of such related parties. 


Superior Copper Corporation 

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: 73,673,602

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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