SPC SPC Nickel Corp

Superior Copper Corporation ("Superior Copper" or "the Company") (TSX
VENTURE:SPC) is pleased to announce that it has obtained the consent in writing
of a majority of its disinterested shareholders for the Change of Control and
Change of Management previously announced in a press release of the Company
dated January 20, 2014, and has completed the non-brokered private placement
financing announced on December 17, 2013. A total of 20,000,000 units ("Units")
were sold at a price of $0.05 per Unit for gross proceeds of $1,000,000. (the
"Offering"). 


Each Unit is comprised of one common share and one common share purchase warrant
("Warrant"), with each Warrant being exercisable for one common share of the
Company at an exercise price of $0.06 until January 24, 2016. In connection with
the Offering, 1,200,000 Units were issued as finder's fees to an eligible
finder. 


The proceeds of the Offering will be used to fund the repayment of a promissory
note, which Superior Copper used for bridge loan financing to acquire its former
joint venture partner's interest in its flagship Coppercorp Project, as well as
for exploration, property acquisition, and general working capital purposes.
Securities issued pursuant to the private placement will have a statutory resale
restriction of four months and one day. 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 ("TSX-V"). 


Superior Copper is also pleased to announce the appointment of Tom Pladsen,
Brent Peters, Christopher Irwin, and John Harvey to the board of directors,
effective immediately. Superior Copper also announces the appointment of John
Tait as President and CEO, effective immediately, and Michael Leskovec as
Secretary and CFO, effective February 1, 2014. 


Superior Copper also announces the resignations of Judy Baker as director and
CEO, and of Bruce Staines, Roger Moss, Marcus Arnold, and Paul Millar from the
board of directors, effective immediately. Brian Howlett has resigned as
President, effective immediately, and will resign as CFO, effective February 1,
2014. Mr. Howlett will continue as a director. Superior Copper would like to
thank Ms. Baker, Mr. Staines, Mr. Arnold, Mr. Millar, and Mr. Moss for their
contributions to Superior Copper during their respective tenures, and in
particular, for assembling the Company's exploration projects. We wish them well
in their future endeavours.


The participation in the Offering by a "related party" of the Company, namely a
director and officer 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 party acquired a total of 500,000 Units of the private placement for
gross proceeds of $25,000. The participation by the related party in the
Offering was approved by directors of the Company who are independent of the
related party.


Superior Copper Corporation

Superior Copper Corporation is a Canadian-based exploration company focused on
base and precious metal exploration. Superior Copper's primary objective is to
target highly prospective and underexplored mineral properties, particularly
copper, in order to meet the increasing global demand. Superior Copper has two
focal exploration projects; the Coppercorp Project in Ontario that includes the
past producing Coppercorp Mine, and the Riviere Dore Project in Quebec.


CAUTIONARY STATEMENT: Neither TSX-V nor its Regulation Services Provider (as
that term is defined in the policies of the TSX-V) 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, use of proceeds
from the Offering, 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: 101,606,284

FOR FURTHER INFORMATION PLEASE CONTACT: 
Superior Copper Corp.
John Tait
President and Chief Executive Officer
416-628-5905
jtait@superiorcopper.ca
www.superiorcopper.ca

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