Cooper Minerals Inc.

Cooper Minerals Inc.

October 24, 2007 16:57 ET

Cooper Minerals Identifies Significant Gold Values at Terra

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2007) - Cooper Minerals Inc. (TSX VENTURE:CQ)(FRANKFURT:JM6) has identified significant gold values at the Terra IOCG Project, 430 kilometres north of Yellowknife, in the Northwest Territories. Cooper Minerals, holding 175,000 acres, is the largest public company landholder in the area. A minimum $2-million program, including drilling, is under way.

Simon Tam, president of Cooper Minerals, says: "The discovery of significant gold values within IOCG mineralization has enhanced the already substantial potential of our Terra IOCG Project."

The best gold values were collected from the Omni Prospect where three grab samples collected from historic trenches returned values of 36.0 grams, 6.3 grams and 5.1 grams gold/ton, respectively. These samples were composed of quartz with pyrite, chalcopyrite, hematite and magnetite occurring as a matrix up to 30cm thick within brecciated basalt. Base metal results for these samples and base and precious metal results for a further 30 samples are pending. The Omni Prospect is located between two prominent structures that apparently continue for more than 15 km to the southwest and are directly associated with other brecciation and alteration zones that are several hundred metres wide and more than a kilometer long. The full extent of the mineralization at the Omni Prospect has not been determined as there is limited outcrop in the area and the mineralization is concealed beneath surficial cover along strike in both directions.

The Olympic Dam or IOCG model is proposed as a significant exploration target on Cooper's properties in this part of the Great Bear magmatic zone. These polymetallic targets have the potential to host billions of tons of copper, gold and uranium mineralization (Olympic Dam type). The resource at the Olympic Dam deposit (owned by BHP Billiton) was recently increased to 7.7 billion metric tonnes grading 0.87 per cent copper, 0.29 kilogram per tonne U3O8, 0.30 gram per tonne gold and 1.61 grams per tonne silver. The Olympic Dam deposit is the largest uranium deposit in the world, the fourth-largest copper deposit and the fifth-largest gold deposit.

Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.

On behalf of the Board of Directors

Simon Tam, President and Director

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward looking statements that are not historical facts and are subject to risks and uncertainties which could cause actual results to differ materially from those set forth in or implied herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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