SPC SPC Nickel Corp

Superior Copper Corporation ("Superior Copper" or "the Company") (TSX
VENTURE:SPC) is pleased to announce that it intends to complete a best efforts
non-brokered private placement financing of hard dollar units ("HD Units") at a
price of $0.15 per HD Unit, and flow-through common shares ("FT Shares") at a
price of $0.15 per FT Share, for gross proceeds of up to $2,250,000 (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 $0.20 for a period of 24 months following the closing date of the Offering. 


The securities issued pursuant to the Offering will be subject to a statutory
four month and one day hold period. The proceeds of the Offering will be used
for exploration and general working capital purposes. The proceeds received from
the amount allocated to the FT Shares will be used to incur Canadian Exploration
Expenses as defined by the Income Tax Act (Canada), and will be renounced with
an effective date of no later than December 31, 2014. 


It is anticipated that insiders of the Company and their joint actors may
subscribe for up to 25% of the securities pursuant to the Offering. The
participation of each insider will be subject to the approval of directors of
the Company who are independent of that insider. Any such participation would be
considered to be a "related party transaction" as defined under Multilateral
Instrument 61-101 ("MI 61-101"). Since both the fair market value of the
securities to be issued to insiders and the cash consideration to be paid for
such securities will not exceed 25% of Superior Copper's market capitalization,
the Company anticipates that the sale of securities to insiders pursuant to the
Offering will be exempt from the valuation and minority shareholder approval
requirements of MI 61-101. 


Use of proceeds will be to further develop and explore the Superior Project,
Batchawana Bay, Ontario. A second drill rig will be active on the property as
soon as possible. 


The Offering is subject to the approval of the TSX Venture Exchange ("TSX-V")
and applicable securities regulatory authorities. The Company anticipates
closing as soon as practicable subject to receipt of all necessary regulatory
approvals.


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 continual global demand. Its primary land position
is its 100%-owned Superior Project, which covers 15,789 hectares or 158 square
kilometers, and is located approximately 85 km north of Sault Ste. Marie,
Ontario. Superior Copper's property has the potential to host an Iron Oxide
Copper Gold ("IOCG") deposit. The Company has identified a large geophysical
magnetic high with coincident gravity anomalies, copper-bearing hematitic
breccias, as well as IOCG-type alteration patterns throughout the property,
which is located on the Proterozoic Mid-continental Rift. 


CAUTIONARY STATEMENT: Neither the 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: 138,456,284

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

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