Mr. Tom MacNeill reports

GETTY COPPER INC. SETTLES LEGAL PROCEEDINGS WITH DENTONS

Getty Copper Inc. has settled its legal proceedings with Dentons Canada LLP and one of its former partners on the following terms:

• The company, Dentons and the partner will execute and file a consent order in the Supreme Court of British Columbia dismissing the company's counterclaim against Dentons and the partner as if tried on the merits;
• Each of the parties will bear its own costs;
• The parties will execute and exchange a mutual release in which:
  • Dentons and the partner release the company with respect to any and all alleged indebtedness of the company to Dentons for legal services and disbursements, including the amount of $227,837.35 alleged to be owing by the company to Dentons in Dentons's response to the company's counterclaim;
  • The company releases Dentons and the partner of all claims it now has or may have with respect to anything arising from or relating to the subject matter of the counterclaim.