Stingray Copper Inc.

Stingray Copper Inc.

July 18, 2007 10:48 ET

Stingray Copper's First Assay Results at El Pilar Copper Property, Mexico

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. ("Stingray") (TSX:SRY)(TSX:SRY.WT) is pleased to announce that drill hole assay results have been received for the first hole drilled by Stingray at the El Pilar Copper Property located in Sonora, Mexico. The copper results from this hole represent a milestone and the start of a methodical program of detailed definition drilling intended to upgrade the inferred mineral resource of 180 million tonnes grading 0.37% total copper. (See News Release 2007-05). Drill hole number S07-06 was drilled on Section 9200N at the northern limit of the mineral resource and is flanked to the east and west by holes previously drilled. A location map is located at the link below and at the Company's website:

Drill hole S07-06 drilled vertically, intersected two horizons of oxide copper mineralization similar to the adjacent drill holes. The upper zone in this vertical drill hole cut 69.7 meters grading 0.36% total copper from 6.30 meters to 76.0 meters. In addition, a lower zone of copper mineralization cut 87.0 meters grading 0.60% total copper from 132 meters to 219 meters. The drill hole ended in copper mineralization at 219 meters. Between these two intervals is a zone of low grade copper.

Visual inspection of the "HQ" size core during logging identified chrysocolla, malachite and azurite as the most abundant copper species. "This first drill hole conforms well with the past drilling by Noranda and suggests that copper grades within the known inferred mineral resource should have a level of predictability," states CEO Peter Mordaunt, P.Geo and the Qualified Person responsible for the technical content of this release.

Stingray has commenced an extensive fill-in drill program at the El Pilar Copper Property, Sonora, Mexico where 2 drills are actively drilling. The purpose of this program is to upgrade the quality of the inferred mineral resource and to explore for additional resources in the immediate vicinity. All drill core samples are split by the Company's geologic staff and are delivered for assaying to ALS Chemex, Hermosillo, Sonora, Mexico under the direction of Stingray's geologists.

Name Change and Appointments

The Company has changed its name to "Stingray Copper Inc." (previously Stingray
Resources Inc.) following the Annual and Special Meeting of its shareholders where the special resolution was approved. The change of name has necessitated the change of CUSIP numbers for the Company's common shares and warrants which begin to trade on the TSX today under new name and CUSIP numbers (see above and the Company's website at In addition, the 5 directors proposed by management were elected as were auditors Smith Nixon LLP. The Company's Stock Option Plan was approved and the special resolution allowing the appointment of additional directors between shareholder meetings was adopted. The Board has appointed Peter Mordaunt as Chairman and CEO, Edward J. Badida as Vice President of Finance, Steve Brunelle as Vice President and Corporate Secretary and Ricardo Cornejo will become the Vice President of Operations upon joining the Company in September (see News Release 2007-10).

Stingray is a copper resource company that is focused on the development of the El Pilar Copper Property located in Sonora, Mexico. The Company has commenced an extensive drill program to further define and expand the reported resource at the El Pilar oxide copper project.

TSX Symbol: Common Shares - "SRY" Issued: 58,725,982 common shares
Warrants - "SRY.WT" 20,850,000 warrants

TSX Trading Symbol: Common Shares - "SRY" CUSIP Number 860838101
Warrants - "SRY.WT" CUSIP Number 8608381197

Certain Statements presented herein may constitute "forward-looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.

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