Copper One Inc.

TSX VENTURE : CUO


Copper One Inc.

May 14, 2013 16:01 ET

Copper One Adopts Advance Notice Policy

MONTREAL, QUÉBEC--(Marketwired - May 14, 2013) - Copper One Inc.'s (TSX VENTURE:CUO) ("Copper One" or the "Company") Board of Directors has approved an amendment to the Company's by-laws to include an advance notice policy (the "Policy"), which Policy includes a provision that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Canada Business Corporations Act (the "Act"), or (ii) a shareholder proposal made pursuant to the provisions of the Act.

Among other things, the Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made no later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The Policy is intended to:

  1. facilitate an orderly and efficient annual general or special meeting process;
  2. ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and
  3. allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

The Policy is effective immediately and will be placed before Copper One's shareholders for approval at the next annual shareholder meeting scheduled to be held on June 17, 2013.

The full text of the Policy is available via SEDAR at www.sedar.com or upon request by contacting the Corporate Secretary of the Company at 416-309-2898.

Copper One also announces that it has appointed Mr. Josh Van Deurzen as Corporate Secretary.

Mr. Van Deurzen is a corporate and securities lawyer who works as a legal consultant to various public and private companies in the resource-based sectors. Previously, Mr. Van Deurzen practiced law at large law firms in New York and Toronto. Mr. Van Deurzen received a Master of Business Administration and a Juris Doctor from the University of Toronto.

The Company thanks Ms. Valery Zamuner for her service as Chief Legal Officer and Corporate Secretary.

About Copper One Inc.

Copper One is focused on developing high-value copper deposits in leading mining jurisdictions. The Company is led by a diverse team of explorers, developers and operators with major company experience and a clear understanding of the business of mining. The Copper One portfolio includes the Rivière Doré copper-nickel project, located near Val d'Or, Quebec, the Queylus copper-gold project, located in the Chibougamau mining district in Quebec and has six other properties which are located in the Arizona and New Mexico copper mining districts.

For more information about Copper One, please visit: www.copperone.com.

On behalf of the board of directors of Copper One Inc.

Benoit Moreau, President & Chief Executive Officer

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, statements with respect to the intended impact of the Policy. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Copper One Inc. believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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