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ICS Copper Systems Ltd

ICS Finds JV Partner

Abbotsford, Canada (ots/PRNewswire)

ICS Copper
Systems Ltd. (ICX:TSX.V) is pleased to announce that it has  signed a
Heads of Agreement with two Zambian companies that have a strategic
relationship with each other, namely JV Civils Ltd ("JVC") and
Chantete  Emeralds Ltd ("Chantete"). The principal operations of
these companies  encompass bulk earthworks, plant hire, material
transportation, crushing and  material handling mainly on the Zambian
Copperbelt.
    Highlights of the agreement are:
    - JVC/Chantete to finance the cost of installation of ICS's 270 cell
      EMEW plant in Zambia.
    - JVC/Chantete to advance USD 150,000 to ICS.
    - JVC/Chantete to supply ore feed to ICS's EMEW plant. JVC/Chantete has
      purchased concentrating equipment with the capacity to produce up to
      6,000 metric tonne of a copper and cobalt concentrate per month and
      is committed to having the first plant commissioned within four
      months of the date of this agreement. Ore with a minimum grade of 10%
      copper will be supplied. The potential exists to install similar
      concentrators on five other targeted sites with a capacity to deliver
      in excess of 18,000 metric tonnes per month within an 18 month
      period.
    - JVC/Chantete to be paid for this concentrate feed on a cost per tonne
      basis.
    - ICS to be paid a monthly "processing" fee covering owning and
      operating costs of the plant.
    - ICS to attend to the preparation of an Environmental Preliminary
      Brief (EPB) and Environmental Impact Assessment (EIA).
    - ICS to supply off-take agreements for the onward sale of the finished
      copper and cobalt products.
    - ICS and JVC /Chantete will share profits from the JV on a 50/50
      basis.
ICS to undertake feasibility study for the installation of a
larger SXEW plant possibly with the capacity to process 6,000 to
18,000 tonnes per month of copper concentrate with minimum grades of
10% copper. If this study is positive and indicates acceptable
returns ICS will undertake the financing of this project.
About JVC
JVC is a leading contracting company on the Zambian Copper Belt.
JVC's core competencies include:
- Open pit mining: JVC mines and hauls in excess of 1,000,000 tonnes
      per month;
    - Bulk material handling: JVC can operate up to 14 separate contracts
      concurrently;
    - Crushing solutions: The company has an investment in excess of
      USD 2,500,000 in mobile and static crushing and screening plants;
    - Long term plant hire: from its inception to date JVC has attracted
      and retained many blue chip contracts;
    - Feeder road construction and maintenance with an eight year track
      record;
    - Steel fabrication: In house fabrication capability includes items
      such as truck buckets and water bowsers and external contracts
      including the fabrication and erection of warehouse facilities.
JVC currently has a comprehensive asset base valued at over USD
12,000,000 which includes over 122 vehicles. In this fleet are large
and small earthmoving vehicles, front end loaders, articulated dump
trucks and a large variety of other vehicles. For the year 2008 JVC
had a monthly average turnover in excess of USD 2,000,000. The
company maintains extensive workshops and stock holdings of equipment
spares with approx value of $500,000. JVC has been built up over the
last 10 years by Ian Le Roux and Russell Wilken, both Zimbabwean
citizens. The company has a dynamic operational style with a strong
culture of relationship management.
About Chantete Emeralds Ltd
Chantete Mining Services has core competencies similar to those
of JVC and which include:
- Exploration drilling
    - Overburden stripping
    - Loading and hauling
    - Mine management services
    - Rehabilitation of mine sites
    - Construction of slimes & tailings dams, earth wall reservoirs and
      earth dams
    - Construction and maintenance of roads
Chantete own and operate a large fleet of articulated dump
trucks, excavators, dozers, graders, compaction equipment, front-end
loaders, water tankers and tractor loader backhoes. This fleet
positions the company to progress naturally into civil construction.
The same extensive equipment fleet is also available on a plant hire
basis. The recent acquisition of two specialized drilling rigs has
allowed the company to venture into exploration drilling. Both rigs
have fully equipped support vehicles that enhance their service
delivery capacity. The company's area of operations was increased in
2008 by a joint venture agreement that allows Chantete Mining
Services to operate in the DRC.
Chantete is owned and principally operated by Mr. JC Erasmus.
Graham Chisholm, President and CEO of ICS Copper comments, "We
look forward to developing the relationship with JVC and Chantete and
to jointly become a significant copper producer in the Copperbelt".
ICS COPPER SYSTEMS LTD.
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. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
For further information: Graham Chisholm,  graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; Jeannette Durand, 
jeannette@icscopper.com, Web Page: http://www.icscopper.com/

Contact:

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; Jeannette Durand,
jeannette@icscopper.com

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