SPC SPC Nickel Corp

Superior Copper Corporation ("Superior Copper" or "the Company") (TSX
VENTURE:SPC) is pleased to announce that it proposes to acquire from First
Mineral Exploration Limited ("FMEL"), the remaining 50% interest in the
Coppercorp Project located 85 kilometers north of Sault Ste. Marie, Ontario,
which is currently subject to an option and joint venture agreement. Together
with other claims owned by Superior Copper, the Company now retains a 100%
interest in 101 unpatented mining claims covering 120 square kilometres, some of
which are subject to underlying royalties.


In consideration for FMEL's remaining 50% interest in the property, which
comprises forty-nine (49) unpatented mining claims, Superior Copper will:




1.  Issue 6,956,044 million shares of Superior Copper, with one third issued
    upon closing and one third issued on each of the first and second
    anniversaries of closing. 
    
2.  Pay $100,000 cash to FMEL upon closing. 
    
3.  Pay FMEL a sum of cash equal to 2% of exploration expenses incurred in
    the next seventeen months after closing to a maximum of $25,000. 



"It has always been our view that the Coppercorp Project is one of the best
discovery-focused exploration projects in Canada and despite difficult equity
markets for junior exploration companies, the reorganization of ownership will
allow the Company to maximize the value of these properties", said Brian
Howlett, President and CFO of Superior Copper.


Pursuant to the acquisition, Superior Copper and FMEL have agreed to terminate
the option and joint venture agreement regarding the property for no further
consideration and have released each other from all obligations, claims and
proceedings thereunder. The acquisition is subject to regulatory approval.
Shares issued pursuant to this acquisition will have a statutory resale
restriction of four months and one day.


Superior Copper is pleased to announce that it intends to complete a best
efforts non-brokered private placement financing of up to 20.0 million units
("Units") at a price of $0.05 per Unit for gross proceeds of up to $1.0 million
(the "Offering").


Each Unit will be comprised of one common share and one common share purchase
warrant ("Warrant"), with each Warrant being exercisable for one common share of
the Corporation at an exercise price of $0.05 for a period of twenty-four months
following the closing date of the financing. The proceeds of the Offering will
be used to fund the repayment of a promissory note (as described below), for
exploration, property acquisition, and general working capital purposes. The
private placement is subject to regulatory approval. Securities issued pursuant
to the private placement will have a statutory resale restriction of four months
and one day.


The Company has received a $100,000 interest free and unsecured promissory note
(the "Note") from an arm's length party. The proceeds of the Note will be
applied to complete the acquisition of the Coppercorp Project. The proceeds of
the Note must be returned if the acquisition of the Coppercorp Project is not
completed within thirty days, and if the acquisition is completed within this
time period, the Note is due and payable within ninety days of demand. As
disclosed above, the Note will be repaid from the proceeds of the private
placement.


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: Neither TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release. 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: 77,637,602

FOR FURTHER INFORMATION PLEASE CONTACT: 
Superior Copper Corporation
Brian Howlett
President & CFO
416-214-2275
bhowlett@superiorcopper.ca
www.superiorcopper.ca

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