Mr. Peter Berdusco reports

CANADA ONE ACQUIRES ADDITIONAL PROPERTIES, SOUTH OF COPPER MOUNTAIN MINE, PRINCETON, BRITISH COLUMBIA

Canada One Mining Corp. has entered into an agreement, pursuant to which the company has agreed to acquire two additional properties from an arm's-length vendor. The properties are located south of the producing Copper Mountain mine and adjacent to the company's Copper Dome project.

The first property is located directly south and adjacent to Copper Dome's Meal Ticket claim which has been relatively unexplored. There is one known silver (Ag) showing at Meal Ticket which is of interest for exploration follow-up.

The second property is located immediately south and adjacent to Copper Dome's Combination Creek zone historical drilling. This is a strategic location which will allow the company to further explore the Combination Creek zone area for further mineralization.

Peter Berdusco, president and chief executive officer of Canada One, commented: "Highly prospective ground south of the Copper Mountain mine is a rarity. We therefore moved quickly when the opportunity presented itself to increase our land position at Copper Dome."

Terms of the agreement

The agreement provides for the acquisition of the properties for one million common shares of the company representing total consideration of $85,000 based on a deemed price of 8.5 cents per common share. The consideration shares will be subject to a statutory hold period expiring four months and one day from the closing of the acquisition. Completion of the acquisition remains subject to customary conditions for transactions of this nature and the acceptance of the acquisition by the TSX Venture Exchange. No finders' fees or commissions are payable in connection with the acquisition.

We seek Safe Harbor.