SOURCE: Copper Canyon Resources Ltd.

November 26, 2007 13:10 ET

Copper Canyon Responds to Galore Creek Announcement

CRANBROOK, BC--(Marketwire - November 26, 2007) - Copper Canyon Resources Ltd. (TSX-V: CPY)

The Management of Copper Canyon Resources Ltd. have been notified that NovaGold Resources Inc. (AMEX: NG) (TSX: NG) and its joint-venture partner Teck Cominco (TSX: TCK.A)(TSX: TCK.B) (NYSE: TCK) have suspended construction on the Galore Creek Project, located in northwestern British Columbia. This decision directly impacts Copper Canyon Resources Ltd., as its flagship "Copper Canyon" property is contiguous with Galore Creek, and has potential to provide a substantial contribution to the Project's overall copper and gold resources. Trading in Copper Canyon securities was halted prior to the day's open by TSX-V officials.

According to a statement issued jointly by NovaGold/Teck Cominco, "NovaGold and Teck Cominco continue to view the property (Galore Ck.) as a substantial resource and will initiate a comprehensive review to evaluate alternative development strategies."

As announced on November 16th, NovaGold recently notified Copper Canyon management that it had completed the requirements to earn a 60% interest in the Copper Canyon project.

During the 2007 season NovaGold completed a 16,000' (4,940m), 12-hole diamond drilling program on the Copper Canyon Property. A number of holes were targeted beneath and beyond the existing boundaries of the current inferred resource. Hole CC07-0033 was drilled to a total depth of 2,076 ft (633 m), testing over 250 m beneath historical drill-hole CC90-2, the highest-grade hole in the Galore District, which intersected 888 ft (270 m) grading 1.92 g/tonne Au, 22.28 g/t Ag and 1.05% Cu. Follow-up drilling was also completed on hole CC05-030 (drilled in late 2005), which intersected 2.5 m grading 50.6 g/t Au (1.5 oz/ton). Assay results from this program are pending.

Copper Canyon management shares the disappointment of NovaGold, Teck Cominco, the Tahltan Nation, local communities and all other parties impacted by the suspension. The Company is committed to stand by the merits of this important project and will work with its partners to develop viable alternatives to the current project.

On behalf of the Board of Directors


"Tim J. Termuende"
President and CEO

For further information, please contact Mike Labach at 1 866 HUNT ORE (486 8673) Email: or visit our website at

Cautionary Note Regarding Forward-Looking Statements

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