Stingray Copper Inc.
TSX : SRY
TSX : SRY.WT

Stingray Copper Inc.

August 22, 2007 10:23 ET

Stingray's Drilling at El Pilar Continues to Encounter Strong Oxidized Copper Mineralization

TORONTO, ONTARIO--(Marketwire - Aug. 22, 2007) - Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. ("Stingray")(TSX:SRY)(TSX:SRY.WT) is pleased to report assay results from 13 additional drill holes completed at the Company's El Pilar Copper Property located in Sonora, Mexico. Work at El Pilar is focused on a definition drilling program designed to enhance the El Pilar inferred mineral resource of 180 million tonnes grading 0.37% total copper calculated at a cut off of 0.25% total copper (See News Release 2007-05). Stingray's present drill program is methodically intersecting oxidized copper mineralization at El Pilar by drilling vertical holes to fill in the resource model at 100 meter centers along its length and across its width. Additionally, the program is delimiting the margins of the resource as the drilling progresses from north to south along the east-west drill sections.

Of the 13 holes reported, several are outside the known inferred resource and encountered copper which is positive for expanding the resource. Although the copper grades appear lower in percentage copper than reported by sulphide copper developers and miners, the capital and operating costs of heap leach solvent extraction and electro winning (SX_EW) cathode copper can be significantly lower.

Table 1 presents results from 7 holes drilled to fill in the inferred mineral resource model. These drill holes continue to confirm the results of the previous drill programs completed by Noranda Mexico. It can also be seen that the mineralization thickens from West to East in the drill hole presentation.

Table 2 presents 6 holes drilled to the Northwest of the inferred mineral resource. These holes determine the margin of the resource and have now defined additional areas of copper mineralization for the Company to follow up. Of particular note are the intercepts of copper mineralization in holes S07-01 and S07-02 on Section 9200N. Drill holes S07-11,12 & 13 will have to be deepened to test the extent of this copper mineralization on adjoining Section 9100N.

Upon completion of the fill in drilling Stingray anticipates updating the El Pilar geological model and resource model calculation.



Table 1: Inferred Mineral Resource Fill In Drill Results
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From To Interval Grade (Total
Section Easting Hole (m) (m) (m) Copper %)
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9100N 1600 S07-14 9.5(i) 16 6.5 0.21
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1800 S07-15 0(i) 50 50 0.37
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2000 S07-16 4(i) 98 94 0.43
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9000N 1700 S07-19 10 18 8 0.35
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1900 S07-20 32 104 72 0.47
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2300 S07-22 78 213 135 0.22
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148 210 62 0.32
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8900N 1700 S07-23 30 36 6 0.30
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Table 2: Northwest Drill Results - Determining Margin of Resource
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From To Interval Grade (Total
Section Easting Hole (m) (m) (m) Copper %)
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9200N 1100 S07-01 114 124 10 0.30
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1300 S07-02 120 168 48 0.32
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9100N 1200 S07-10 88 168 80 0.30
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1300 S07- 11(ii) No Significant
Values
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1400 S07-12(ii) No Significant
Values
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1500 S07-13(ii) No Significant
Values
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(i)top of hole.
(ii)holes to be deepened.


The location of these drill holes can be viewed at the link below;

http://www.stingraycopper.com/PressReleases/elpilar_drillingmap.pdf

The Company is continuing this extensive, 25,000 meter fill in drill program at the El Pilar Copper Property, Sonora, Mexico where 2 drills are drilling HQ core. The purpose of this program is to reclassify the inferred mineral resource and to explore for additional resources in the immediate vicinity. All drill core samples are split by the Company's staff under the direction of the Company's geologists and are delivered for assaying to ALS Chemex, Hermosillo, Sonora, Mexico. The Company's program will incorporate significant metallurgical testing in preparation of a feasibility study for the El Pilar project which is viewed as an SX - EW operation (solvent extraction - electro winning).

Peter Mordaunt, P.Geo is the Qualified Person responsible for the technical content of this release.



TSX Symbol: Issued: CUSIP Number
Common Shares - "SRY" 58,725,982 common shares 860838101
Warrants - "SRY.WT" 20,850,000 warrants 860838119


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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