SOURCE: Copper Canyon Resources Ltd.

March 21, 2007 11:00 ET

Copper Canyon Options Severance Gold Property to Northern Freegold

CRANBROOK, BC -- (MARKET WIRE) -- March 21, 2007 -- Copper Canyon Resources Ltd. (TSX-V: CPY) has executed an option agreement with Northern Freegold Resources Ltd (TSX-V: NFR) whereby NFR may earn a 100% interest (less 3% NSR) in the Severance Property by making staged cash payments totaling $40,000 and issuing 300,000 common shares. An additional 500,000 shares will be issued to EPL in the event of a production decision or change in control of NFR to another company. The 3% NSR may be reduced to 1% by payment of $1,500,000.

The Severance Property is located within the Dawson Range, 120km west of Carmacks, Yukon, within a similar geologic setting to NFR's Freegold Mountain Project. The target on the 6.3 sq km property is intrusive-hosted gold mineralization. No drilling has been completed to date, though historical work on the property includes geophysics, soil geochemistry and geological mapping. Soil geochemical results have returned anomalous values to 2,680 ppb Au. Coincident with the gold is copper, molybdenum and arsenic; all considered key pathfinder elements associated with intrusion-related gold-copper systems. A grab sample from silicified and quartz-veined granodiorite with 7% disseminated pyrite returned 1.2 g/t Au and 0.35% Cu. An airborne survey over the property is considered to be useful in defining future drill targets.

Copper Canyon Resources was created by way of a Plan of Arrangement on June 9, 2006. Shareholders of Eagle Plains Resources Ltd. approved the plan to reorganize the Company's mineral property assets in an effort to maximize shareholder value. Under the terms of the arrangement, three of Eagle Plains' projects, Copper Canyon, Severance and Abo (Harrison) Gold, were transferred into Copper Canyon Resources on a one-for-one share basis.

This news release has been reviewed and approved by Tim J. Termuende, P.Geo., hereby designated as a "Qualified Person" under National Instrument 43-101.

On behalf of the Board of Directors


"Tim J. Termuende"
President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Contact Information