Superior Copper Corporation

Superior Copper Corporation

June 05, 2013 09:48 ET

Superior Copper Appoints New CEO and President

TORONTO, ONTARIO--(Marketwired - June 5, 2013) - Superior Copper Corp. (TSX VENTURE:SPC) announces that the Board of Directors has accepted the resignation of Ms. Judy Baker both as a Director and as President and Chief Executive Officer of the Company effective immediately. The Board of Directors and Management would like to thank Ms. Baker for her dedication and immense contribution to the Company and wish her every future success.

Mr. Paul Millar, who has been with Superior Copper since its inception, will be stepping into the role of Chairman of Board and Interim CEO. Mr. Brian Howlett will assume the responsibilities of President in addition to his current role of Chief Financial Officer. Effective immediately, Mr. Howlett is also joining the Superior Copper Board of Directors.

Mr. Millar has over 25 years of international real estate and finance experience, having worked on Wall Street in New York, London, England, Hong Kong and Toronto. Mr. Millar has extensively financed property development in the UK, the United States and Canada. Throughout his career he financed of a number of key mining interests in Canada and the United States. Mr. Millar has a B.Sc. in Land Management, an M.A. in Victorian Literature from the University of London and an M.B.A. in Finance from the University of City of London.

Mr. Brian Howlett joined Superior Copper as Chief Financial Officer in June of 2012. He is a seasoned professional with over 25 years of experience in senior financial roles. He has a proven track record of adding value to clients and employers over his career, which included six years as CFO of ELI Eco Logic Inc., a Toronto Stock Exchange listed company. He also serves on the Board of Directors of a TSX Venture Exchange listed junior exploration company. Mr. Howlett graduated with a B. Comm from Concordia University in 1983 and received his CMA designation in 1989.

The technical team at Superior Copper will continue to be lead by Mr. Delio Tortosa as the lead geological consultant. Mr. Tortosa has over 25 years experience and is very familiar with the geology of the Batchawana Area.

Superior Copper Continues to Grow and Gain Support

The recent acquisition of the 100% owned Jogran Porphyry and Richards Breccia increased the land position at the Coppercorp Project to 120 square kilometres of contiguous mining claims (see news Superior Copper Acquires Additional Property in Batchawana Camp dated April 10, 2013). The added claims bring Superior Copper's 100% owned portion of the project up to 60 square kilometres.

Just prior to the acquisition, Superior Copper announced better than expected drill results from the SB Zone, which is the south-east extension of the past-producing Coppercorp Mine structure (see news Superior Copper Intersects 4.87% Copper and 61.3 gpt Silver over 3.6 metres on the SB-Zone dated April 4, 2013).

CAUTIONARY STATEMENT: This Press Release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, including future operations, future work programs, capital expenditures, discovery and production of minerals, price of gold and currency exchange rates, timing of geological reports and corporate and technical objectives.. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks inherent to the mining industry, adverse economic and market developments and the risks identified in Premier's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Premier disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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