Monster Copper Corporation
TSX VENTURE : MNS

Monster Copper Corporation

November 15, 2006 09:30 ET

Monster Copper Corporation: New Uranium Mineralized Zones Discovered on Aillik East Property, Labrador

RICHMOND HILL, ONTARIO--(CCNMatthews - Nov. 15, 2006) - Monster Copper Corporation (TSX VENTURE:MNS) is pleased to announce the results from five newly discovered uranium mineralized zones and one historic showing on its wholly owned Aillik East property, Central Mineral Belt of Labrador. On the Quinlan showing, eight grab samples yielded results ranging from 97 ppm U to 17,730 ppm U (2.09% U3O8), with five of the samples above 1,000 ppm U (0.118% U3O8), and an average of 4,083 ppm U (0.481% U3O8).

The Aillik East property consists of 538 claims covering 135 square kilometres in two blocks, a West block and an East block. The property covers the eastern part of the Aillik Group, the same unit which hosts the Michelin deposit (Aurora Energy) as well as the Mustang Lake property (Monster Copper / Santoy JV). A program of field mapping and prospecting was completed in September 2006 by Monster Copper. Four uranium showings were found on the West Block (one of which was previously known) and two on the East Block.

The Quinlan showing on the West block consists of uranophane-bearing fractures on the edge of a fine-grained mafic dike, traceable for at least 125 m. Eight grab samples were collected by Monster Copper from this showing, with results ranging from 97 ppm U to 17,730 ppm U, with five of the samples above 1,000 ppm U, and an average of 4,083 ppm U. The two other new showings on the West block Block (showings 1 and 2) both consist of silicified felsic volcanics with uranophane on fractures. Samples from one showing ran 873 and 1,580 ppm U and samples from the other ran 185 and 1,090 ppm U. The historical B-22 showing was found by Placer Development and Brinex in 1979. Monster Copper collected seven grab samples from the showing with U values ranging from 267 to 4,240 ppm and averaging 1,412 ppm (Table 1). Uranophane is present in fractures over a 10 m long zone and host rocks consist of hematized felsic volcanics cut by magnetite veins and lesser carbonate veins.

On the East Block, one small showing with uranophane on the fractures of a mafic dike returned 1,970 ppm U and another small showing in felsic volcanics ran 904 ppm U. Locally the felsic volcanic rocks on both claim blocks contain disseminated pyrite and/or chalcopyrite.



Table 1: Significant Uranium Assays on the Aillik East Property

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Range Average
Showing Block Description Samples U (ppm) U (ppm)
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B-22 West Hematized felsic volcanics, 7 267-4,240 1412
magnetite veins
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Quinlan West Margin of mafic dike 8 97-17,730 4083
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1 West Silicified felsic volcanics, U
on fractures 2 873-1,580 1227
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2 West Silicified felsic volcanics, U
on fractures 2 185-1,090 638
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3 East Margin of mafic dike 1 1,970 1970
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4 East Felsic Volcanics 1 904 904
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(1,000 ppm U is equivalent to 0.118% U3O8)


The next phase of work is to be designed following receipt of lake-sediment sample results from a survey conducted at the same time as the mapping and prospecting.

Sampling was done under the supervision of Tom Setterfield, Ph.D., P.Geo, and Qualified Person, as defined by National Instrument 43-101. Samples were analysed at Activation Laboratories in Ancaster, Ontario.

Monster Copper is very encouraged by the results of this preliminary phase of work, which indicate that the property is capable of hosting significant uranium mineralization. On the property, the host rocks, style of mineralization and range of uranium grades are very similar to those on the emerging uranium district 75 km to the southwest.

About Monster Copper Corporation

Monster Copper (www.monstercopper.com) is dedicated to the discovery of world-class IOCG copper-gold-uranium deposits with an experienced IOCG exploration team. In addition to its uranium exploration in Labrador, Monster Copper has established itself by partnering with Xstrata plc on the exploration of copper-gold properties in the Carajas Mineral Province of northern Brazil.

MONSTER COPPER CORPORATION

Michael J. Downes, President, C.E.O. and Director

This news release may contain "forward-looking statements". These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

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    Michael Downes
    President
    (905) 780-8783
    (905) 780-8790 (FAX)
    or
    Monster Copper Corporation
    Rob Carriere
    Investor Relations
    (604) 687-3929
    Email: info@monstercopper.com
    Website: www.monstercopper.com