CuCo Resources Limited

CuCo Resources Limited

March 15, 2011 10:50 ET

CuCo Resources Closes US$45 Million Private Placement Equity Financing with Leading Resources Sector Investors

TORONTO, ONTARIO--(Marketwire - March 15, 2011) - CuCo Resources Limited (www.cucoresources.com) announced today that it has closed a "best efforts" private placement of common shares of CuCo, led by GMP Securities L.P. raising US $45 million in its third round of equity financing. CuCo successfully secured investments from a group of leading resource sector investors including Macquarie Bank. The proceeds from the financing will be used to accelerate the growth of CuCo's production and development of its two key properties in the Katanga Province of the Democratic Republic of Congo.

"We are very pleased with the strong financial support we have received for CuCo Resources," said Malik Talib, CEO and Executive Director of CuCo Resources Ltd. "We look forward to continuing to build on the successful track record that we have developed over the past three years and capitalizing on the proceeds to execute our business plan."

Including this most recent financing, CuCo Resources has now raised a total of US $75 million since it was founded in 2007.

About CuCo Resources Ltd. – CuCo Resources Limited is focused on copper and cobalt production and exploration in the Katanga Province of the Democratic Republic of Congo (DRC), one of the most prolific copper-bearing regions of the world. The Company's portfolio of 23 projects includes two world class copper assets as well as a pipeline of other projects providing longer term development opportunities. CuCo Resources is a private company with offices in Toronto, Canada. For more information, visit our website at www.cucoresources.com.

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