ICS Copper Systems Ltd

ICS Clarifies its Disclosure

    Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems Limited (TSXV: ICX) announces that, as a result of a  review by the British Columbia Securities Commission, it is issuing the  following news release to clarify its disclosure.

    Musoshi Tailings Project

    The project continues to be on hold due to a dispute regarding ownership  of the tailings between Sodiminco and MMK. Subsequent to the Company's IPO,  it disclosed an unclassified current tailings resource as oxide on its  website. The Company did not file a news release or material change report  disclosing the resource estimate.

    The Company made the above disclosure  on its website based on a report prepared in 2005 by Sodiminco. The Company  has not been able to conduct an independent review of the data and  methodology employed by Sodiminco geologists. The tonnage was based on the volume of the tailings multiplied by the average density of 50 composite  samples, and the grade based on the average grade of the 50 composite  samples. The composite samples were derived from 500 auger holes based on  a square 100 by 100 metre grid pattern over the entire tailings pond. The  tailings pond has well defined boundaries and is not an in-situ mineral  deposit.

    The Company retracts the tailings resource estimate and  restates it as an "estimate of tailings potential" with a range of approximately 17 million tonnes to 20 million tonnes with a range of between  0.30% to 0.45% copper (as required by section 2.3 of National Instrument  43-101). There has not been sufficient work to define a mineral resource  and it is uncertain if future work will result in the delineation of a  mineral resource.

    Mokambo Property

    The Company made available through its website an article (the "HRAJ  Article") prepared by the Hard Rock Analyst Journal. The HRAJ Article was  prepared by a third party and is not, and was not intended to be considered  as being, endorsed by the Company in any way. The HRAJ Article contains a  number of disclosures and analyses that read as statements of historical  mineral resource estimates, which are not disclosed in accordance with  NI43-101, statements of current mineral resource estimates, which do not  appear to be prepared in accordance with NI43-101, statements of gross  in-situ metal value, which have little analytical merit, and projections  of production, revenue and present value figures, which do not appear to be  supported by a preliminary assessment as required by NI43-101. As such, the  information in the HRAJ Article should not be relied upon.

    The only resource estimate available at this time is the historical  estimate prepared by Geomin in 1973. The Company has no reason to believe  that the historical estimate is unreliable, being prepared by mining  professionals. Details of the historical estimate are available in the  technical report on the Mokambo Property available on the Company's  profile on SEDAR. The Company does not have any more recent estimates or  data concerning a resource estimate on the Mokambo Property. In accordance  with NI43-101, the Company further advises that a qualified person has not  done sufficient work to classify the historical estimate as current mineral  resources, that it is not treating the historical estimate as current  mineral resources, and that the historical estimate should not be relied  upon.

    In the Company's news release of September 19, 2007, the Company indicated that it had established or is in the process of establishing  certain infrastructure on the Mokambo Property and suggested that it  expected commercial production by mid-2009. The Company would like to clarify  that it has not carried out a preliminary assessment on the Mokambo  Property. The Company is currently drilling to delineate the oxide copper  cap and will be testing the effectiveness of its EMEW process on oxide and  sulphide feed when it is available. This testing will hopefully commence during the rainy season and hence the Company needs to build this infrastructure to perform these tests. If the Mokambo Property is determined  to be commercially viable, it is the Company's intent to target mid-2009 to  establish commercial production.

    David Makepeace, a director of the  Company and its acting Chief Operating Officer, a qualified person as  defined by National Instrument 43-101, supervised the preparation of the  technical information in this news release.


    Signed "Graham Chisholm"

    Graham Chisholm, President & CEO

    This release includes certain statements that are "forward-looking statements". All statements in this release, other than statements of historical facts that address future exploration, development and production  activities, and other circumstances, events and developments that the  Company expects, are forward-looking statements. Although management  believes the expectations expressed in such forward-looking statements  are based on reasonable assumptions, such statements are not guarantees  of future performance, and actual results, events and developments may  differ materially from those in the forward-looking statements. The occurrence of certain risk factors, the probability of which is unknown,  may also affect actual results, events and developments expected by the  Company.

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

    Web Page: http://www.icscopper.com (ICX.)

    CO: ICS Copper Systems Ltd.

    ST: British Columbia

    IN: MNG

    SU: DSC

ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.ch

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1(604)-859-3007, Cell: +1(604)302-0746; For Investor
Relations: Brett Whitelaw, brett_whitelaw@telus.net, Tel:

Weitere Meldungen: ICS Copper Systems Ltd

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