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Press release from CNW Group


Tuesday, June 14, 2011

COPPER MOUNTAIN AMENDS STOCK OPTION PLAN14:58 EDT Tuesday, June 14, 2011VANCOUVER, June 14, 2011 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain")announces that the board of directors has approved two amendments to the Stock Option Plan (the "Plan") of the Corporation with the approval of the Toronto Stock Exchange to address ISS Proxy Advisory Services concerns with the Company's Plan.  The first provides that any grant of options under the Plan to any non-executive director in any one year cannot exceed $100,000 determined by the Black Scholes method.  The second amendment limits the ability of the Corporation to amend the Plan or any Option without shareholder approval to the following specified items: (i) to amend typographical, clerical and gramamatical errors; (ii) to reflect changes to applicable securities laws; (iii) to change the termination provisions of Options or the Plan which do not entail an extension beyond the original expiry date; (iv) to include the addition of a cashless feature, payable in cash or securities, which provide for a full deduction of the number of underlying securities from the Plan reserve; and (v) to ensure that the Options granted under the Plan will comply with any provision respecting the income tax and other laws in force in any country or jurisdiction of which an Option holder to whom an Option has been granted may from time to time be resident or a citizen.  The Corporation is seeking the approval of shareholders at its annual and special general meeting of June 23, 2011, to an increase in the number of common shares reserved for issuance under the Plan from "5,500,000" to "7,500,000" to ensure the Company has sufficient room in its option plan to incentivize employees for performance and future growth.About Copper Mountain Mining Corporation:Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success.  The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM".  Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Project.  The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia.  The Copper Mountain Project has a current resource of approximately 5 billion pounds of copper, the Copper Mountain Project is fully financed ($438M) and in construction and on schedule for the mine to produce approximately 100 million pounds of copper per year by mid 2011. Additional information is available on the Company's web page at behalf of the Board ofCOPPER MOUNTAIN MINING CORPORATION"Rod Shier" Rod ShierChief Financial OfficerNote:  This release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results.  Readers are referred to the documents, filed by the Company on SEDAR at, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statement.For further information: Galina Meleger, Corporate Communications 604 682 2992 ext. 224 Email: or Website: