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Press release from CNW Group

Standard & Poor's Announces Changes in the S&P/TSX SmallCap and Global Mining Indices

Tuesday, October 18, 2011

Standard & Poor's Announces Changes in the S&P/TSX SmallCap and Global Mining Indices17:15 EDT Tuesday, October 18, 2011TORONTO, Oct. 18, 2011 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX SmallCap and Global Mining Indices:Shareholders of Western Copper Corporation (TSX:WRN) approved on October 3, 2011, the Plan of Arrangement whereby the company will spin out certain copper interests to shareholders. For every 2 shares of Western Copper held, shareholders will receive 1 share of a new company named Copper North Mining Corp. and 1 share of a new company named NorthIsle Copper and Gold Inc. Copper North and NorthIsle Copper will trade on TSX Venture Exchange for the first time (the ex-date of the spin-off) on October 20, 2011, under the ticker symbols "COL" and "NCX" respectively. The spun out shares of Copper North and NorthIsle Copper will be added at zero price to the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Global Mining and Global Base Metals and the S&P/TSX Equal Weight Global Base Metals Indices after the close of trading on Wednesday, October 19, 2011.Effective after the close of Thursday, October 20, 2011, the shares of Copper North and NorthIsle Copper will be removed from the same five indicesAlso effective after the close of Wednesday, October 19, 2011, Western Copper will trade under the new name Western Copper and Gold Corporation. There will be no change to the ticker symbol "WRN".Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.About S&P IndicesS&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.For further information: Tony North (416) 507-3204 sp_index@standardandpoors.com     Dave Guarino 1 212 438 1471 Dave_guarino@standardandpoors.com