Mr. Peter Berdusco reports

CANADA ONE IDENTIFIES 2.5 X 2.5 KM ALTERATION FOOTPRINT ON THE CM1 COPPER PROPERTY, PRINCETON, BRITISH COLUMBIA

Canada One Mining Corp. has completed an orientation field program on the CM1 copper property, a 1,054-hectare land package that was recently added to Canada One's flagship Copper Dome project (now totalling over 5,800 hectares). CM1 is contiguous with the Copper Dome project, located immediately south of Hudbay Mineral's active Copper Mountain mine near Princeton, B.C.

Mr. Peter Berdusco, president and chief executive officer of Canada One, commented: "Positive indications for copper potential on CM1 include a large alteration footprint with intensely quartz-sericite-pyrite-altered intrusions, which, together, represent a new and distinct magmatic hydrothermal centre adjacent to the Copper Mountain mine. CM1 is highly prospective for porphyry copper-gold mineralization and we look forward to executing a systematic exploration program."

CM1 highlights

CM1 contains geological features consistent with the distal coppery porphyry setting and has confirmed the potential for bulk copper-gold mineralization:

• Alteration footprint measuring at least 2.5 kilometres by 2.5 kilometres;
• Favourable host rocks, including Nicola group mafic volcanic rocks;
• Quartz-sericite-pyrite-altered quartz-feldspar porphyry intrusions;
• Property contains the Ox copper showing (disseminated chalcopyrite-magnetite);
• Located four km south of the Hudbay Mineral's producing Copper Mountain mine (1,132 million tonnes at 0.22 per cent Cu (copper), 0.09 gram per tonne (g/t) Au (gold) and 0.64 g/t Ag (silver), total measured and indicated).

Field evaluation of CM1

An orientation field evaluation campaign was conducted on CM1 to examine alteration and mineralization associated with the Nicola group volcanic rocks and younger intrusions. A total of 26 mapping station outcrops were reviewed and together outline an alteration footprint measuring at least 2.5 km by 2.5 km, defined by chlorite-epidote-carbonate plus/minus pyrite, with internal zones of quartz-sericite-pyrite alteration and zones of calc-silicate skarn development.

Economic geology of CM1

CM1 is underlain by Triassic-Jurassic Nicola group basalt-andesite composition volcanic rocks which are intruded by hornblende-feldspar porphyry dikes that are interpreted to belong to the Early Jurassic Copper Mountain stock of the Copper Mountain intrusions to the north. Recent fieldwork has identified a large alteration footprint consisting of chlorite-epidote-carbonate-pyrite-altered Nicola group mafic fragmental volcanic rocks. Locally, carbonate-rich sedimentary rocks internal to the Nicola group are altered to calc-silicate skarn (garnet-pyroxene-epidote). The property is cut by quartz feldspar porphyry dikes (diorite) which are overprinted by intense (texturally destructive) quartz-sericite-pyrite alteration and are limonitic in exposed outcrops.

The Nicola group is considered highly prospective, and is host to porphyry copper-gold deposits and mines in Southern British Columbia, including:

1. Copper Mountain mine (Hudbay Minerals) immediately north of CM1;
2. MPD exploration/development project north of Princeton (Kodiak Copper);
3. New Afton active block cave mine near Kamloops (Newgold).

The company cautions that mineral deposits may not be present on CM1.

Qualified person

All scientific and technical information in this news release has been prepared by, or approved by, Daniel MacNeil, PGeo. Mr. MacNeil is a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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