Celeste Copper Corporation

Celeste Copper Corporation

April 12, 2010 13:22 ET

Celeste Issues Default Status Report

CALGARY, ALBERTA--(Marketwire - April 12, 2010) - Celeste Copper Corporation (TSX VENTURE:C) ("Celeste") announces that there has been progress in the preparation of the financial statements for the year ended November 30, 2009 and that Celeste still anticipates being able to complete the filing on or before April 30, 2010. On March 29, 2010, Celeste has announced that it was anticipating a delay in filing their audited financial statements for the year ended November 30, 2009 (the "Filing"). The Filing was due on or before March 30, 2010. The Issuer's exploration properties are located in the Metropolitan Region of Chile and due to the recent natural disaster in Chile, the Issuer was expecting a delay in accessing confirmations to complete the Filing by March 30, 2010.

There are no material changes to the information contained in the default announcement of March 29, 2010. Celeste will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases so long as it remains in default of the filing requirements set out above.

About Celeste:

Celeste is a Canadian corporation currently focused on the exploration of its copper properties located in central Chile. The Corporation is planning to assess other future copper and copper-gold properties for exploration and development opportunities throughout Chile.

Celeste shares trades on the TSX Venture exchange under the symbol C. The Corporation's website can be accessed at www.celestecopper.com.

Forward Looking Statements: This news release contains forward - looking information including but not limited to comments regarding the timing and content of upcoming acquisitions, exploration programs including disclosure regarding possible future events and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the analytical results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For such statements, we claim the safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Celeste Copper Corporation
    Shondell Sabad
    Chief Executive Officer and Director
    Celeste Copper Corporation
    Tomasz Kedzierski
    Chief Financial Officer