AQM Copper Inc.
TSX VENTURE : AQM
BVL : AQM

AQM Copper Inc.

February 15, 2012 16:00 ET

AQM Copper Inc. Announces Appointment of New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2012) - AQM Copper Inc. ("AQM Copper Inc." or the "Company") (TSX VENTURE:AQM)(BVL:AQM) is pleased to announce the appointment of Mr. Alan Ahlgren as Chief Financial Officer of the Company effective March 5, 2012.

Mr. Ahlgren is a Chartered Accountant with over twenty-five years experience in finance and accounting. Prior to joining AQM Copper, Mr. Ahlgren was Chief Financial Officer for First Coal Corporation in Vancouver, until it was sold to Xstrata Coal Canada. In addition to financial reporting and preparing the company for financing initiatives, his responsibilities included making investor presentations in Canada and Asia, preparing for conversion to IFRS and was a key member of the management team facilitating the sale of the company. Before joining First Coal, Mr. Ahlgren was Financial Reporting and Compliance Officer with Kinross Gold in Toronto, with responsibilities for compliance, regulatory reporting and complex transaction accounting. Mr. Ahlgren has extensive experience in financial reporting, driving process improvement programs, managing information system upgrade projects and implementing and managing Sarbanes-Oxley internal control projects. Mr. Ahlgren's broad industry base includes the Greater Toronto Airports Authority, Nortel Networks and AGRA Monenco.

In announcing the appointment of Mr. Ahlgren, Bruce Turner, president and Chief Executive Officer of the Company states, "The appointment of Mr. Ahlgren as Chief Financial Officer, brings financial expertise to AQM Copper that will enhance its ability to progress the development of its Zafranal Project in southern Peru. Mr. Ahlgren will open an office for AQM Copper in Vancouver that will compliment the Company's office in Lima and provide a stronger presence for the Company in Canada."

The Company also announces the resignation of Ms. Stephanie Ashton as the Chief Financial Officer, effective February 15, 2012 and wishes to thank and acknowledge Ms. Ashton for her valuable contributions to the Company.

The Company will grant 200,000 options to Mr. Ahlgren on March 5, 2012, the terms of which will be governed by the Company's current Stock Option Plan. The price of the options will be set at the closing price of the Company's common shares on the TSX Venture Exchange on March 2, 2012.

About AQM Copper

AQM Copper Inc. (formerly Apoquindo Minerals) is a Canadian based mineral exploration company developing copper deposits in South America. Through its wholly owned Peruvian subsidiary, Minera AQM Peru SAC, the Company is developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru. Minera AQM Peru SAC is the operator of a 50/50 JV with Teck Resources Limited through a sole purpose Peruvian company formed for Zafranal as announced in its press release on July 8, 2010. The Zafranal project has NI43-101 compliant measured and indicated resources of 301 million tonnes grading 0.47% copper and 0.08 grams per tonne gold, and an inferred resource of 51 million tonnes grading 0.32% copper and 0.06 grams per tonne gold. Management and directors have extensive experience working for the world's largest mining Copper producers. Please refer to the Company's website www.aqmcopper.com for further information regarding the Company and its projects.

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