Celeste Copper Corporation

Celeste Copper Corporation

August 14, 2008 13:42 ET

Celeste Closes Prospectus Offering And Trades on TSX Venture Exchange

CALGARY, ALBERTA--(Marketwire - Aug. 14, 2008) - Celeste Copper Corporation (TSX VENTURE:C) (the "Company") announces it has commenced trading on the TSX Venture Exchange as of this morning, August 14th, 2008.

Celeste Copper Corporation is exploring a World class Copper, Gold and Silver prospect in the Atacama Desert of Chile within proximity of the Candelaria and Refuguio open pit mines. A NI 43-101 was completed on the property in late 2007 and surface work has included a decline ramp and bulk sampling and metallurgical testing. A reverse circulation drill program was also completed on the property in 2007. The property enjoys ready access to power and water and is in close proximity to a skilled workforce.

On July 25th, 2008 the Company closed a financing in the amount of $2,000,000 with Leede Financial Markets as the agent. The offering consisted of 10,000,000 units at a price of $0.20 per Unit for aggregate proceeds of $2,000,000. Each Unit consisted of one common share and one half-warrant exercisable at a price of $0.25 for a period of 18 months from the date of issuance.

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

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