Mag Copper Limited

Mag Copper Limited

November 27, 2014 10:10 ET

Mag Copper Limited Provides Update on Magusi Property

TORONTO, ONTARIO--(Marketwired - Nov. 27, 2014) - Mag Copper Limited (the "Company") (CSE:QUE) announces that, as a result of a review by staff of the Ontario Securities Commission, it is clarifying certain of its disclosure. The Company previously disclosed estimates of project revenues and production costs from its Magusi and Fabie Bay properties at slides 14 and 15 on an investor presentation which was previously posted on the Company's website. In addition, the investor presentation contains certain technical information with respect to the Company's Fabie Bay property, which is not supported by a current technical report. The investor presentation was removed from the Company's website on August 21, 2014, and the Company hereby retracts the deficient disclosure with respect to the project revenues and production costs in connection with the Magusi and Fabie Bay properties and any technical information with respect to the Fabie Bay property.

The Canadian National Stock Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news 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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