SOURCE: Copper Canyon Resources Ltd.

June 13, 2007 12:09 ET

Exploration Drilling to Commence at Copper Canyon

CRANBROOK, BC--(Marketwire - June 13, 2007) - Copper Canyon Resources Ltd. (TSX-V: CPY) has received notice from option partner NovaGold Resources Inc. (AMEX: NG) (TSX: NG) that diamond drilling activity will commence within 2 weeks on the Copper Canyon property, located adjacent NovaGold's Galore Creek Project in northwestern British Columbia.

NovaGold will be funding the work, and plans 12 holes for a total of 4250m. The project will have multiple objectives, including resource expansion and the testing of additional geochemical and geophysical targets on the property. Additional prospecting and mapping activity will also be conducted in order to guide future exploration.

On June 5th, NovaGold announced that it had received the necessary federal and provincial authorizations and permits to allow NovaGold's board of directors to approve the start of construction for the Galore Creek copper-gold deposit.

On May 25th, NovaGold and Teck Cominco jointly announced that the companies had formed a partnership that will invest $2-billion (U.S.) to build the Galore Creek mine. On closing of the transaction, NovaGold and Teck Cominco will each hold a 50-percent interest in the partnership. The Copper Canyon Option Agreement held by NovaGold will be subject to this joint-venture arrangement.

An inferred category resource estimate completed by independent engineering firm Hatch Ltd. of Vancouver, B.C., Canada, shows that the Copper Canyon target at the Galore Creek project in Northwestern British Columbia contains over 2.86 million ounces of gold, 37.9 million ounces of silver and 1.16 billion pounds of copper at a 0.35% copper equivalent cut-off grade (CuEq)(1) (See Table 1 below). Copper Equivalent grades are based both on long-term average metal prices and estimated recoveries based on extensive metallurgical data from the adjacent Galore Creek Central/SW deposit. The estimate utilized a geologic model developed from the previously announced drilling at Copper Canyon during 2004 by NovaGold and historic results which had encountered significant widths of gold, silver and copper mineralization.

Cutoff  Size            Grade          Million lbs. Million Ozs Million Ozs
CuEq(%) M Tonnes Cu(%) Au(g/t) Ag(g/t) ContainedCu  ContainedAu ContainedAg
0.35    164.8    0.35    0.54    7.15        1,160         2.86       37.91
0.50    116.1    0.41    0.64    8.30          950         2.39       30.98
0.70     63.0    0.50    0.86   10.21          625         1.73       20.68
1.00     29.2    0.65    1.14   13.03          381         1.07       12.23
1.30     15.6    0.83    1.32   15.70          258         0.66        7.87
Note: (1) Cutoff grades based on copper equivalent calculations use metal prices of US$375/oz for gold, US$5.50/oz for silver and US$0.90/lb for copper. Copper equivalent calculations (CuEq%) reflect gross metal content that have been adjusted for metallurgical recoveries based on the following criteria: Copper Recovery = (%Cu-0.06)/%Cu with a minimum of 50% and Maximum of 95%; Gold Recovery = (Au g/t - 0.14)/Au g/t with a minimum of 30% and Maximum of 80%; and Silver Recovery = 80%.

Results from drill programs carried out on the property have defined a broad area of precious metal rich mineralization at least 700 meters by 400 meters which is open to expansion. The mineralization begins at surface continuing to as much as 300 meters depth and occurs as a roughly 100+ meter thick zone of disseminated chalcopyrite and pyrite hosted within an intrusive porphyry complex. The area covered by the existing drill holes represents less than 0.5% of the entire property area.

High-grade mineralization was discovered in Hole CC05-030, drilled in late 2005 which intersected 7.9m grading 17.2 g/tonne Au and 25.6 g/tonne Ag (including 2.5m grading 50.6 g/t Au (1.5 oz/ton)). This hole has yet to see follow-up. Other notable intercepts include Hole 1990-02 (drilled in 1990), which intersected 270.8m (898') grading 1.92 g/tonne Au, 22.28 g/tonne Ag and 1.05% Cu.

A single exploration drill hole (489m) was completed on the property in 2006 and returned 0.46 g/tonne Au over 56.2m, including 0.91 g/tonne Au over 20.7m.

A compilation map outlining relative drill hole locations can be found at:

NovaGold may earn a 60% interest in the Copper Canyon project from CPY by completing C$3 million in exploration expenditures, issuing a total of 296,000 shares of NovaGold and making property payments totaling C$250,000. NovaGold may earn an additional 20% interest in the project for a total of 80% by paying Copper Canyon C$1 million and completing a feasibility study by September 2011.

Copper Canyon management considers the Copper Canyon property to be an important component of the Galore Creek project, providing a potential source of high-grade ore. In addition, documents filed by NovaGold with the B.C. Government indicate that NovaGold intends to construct a water retention facility and diversion structure related to the Galore Creek mine on surface lands within the Copper Canyon property area.

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 one 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.

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