MMC Multiplied Media Corporation

AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM " or the "Company") is pleased
to announce that Mitsubishi Materials Corporation has agreed to invest US$22.60
million into the Company's wholly owned Peruvian subsidiary Minera AQM Copper
Peru S.A.C.("MAQM") and committed an additional US$15.07 million in exchange for
an indirect interest of 20% in the Company's Zafranal Project in southern Peru
currently owned in a 50-50 joint venture with Teck Resources Limited. 


Under the terms of the Subscription Agreement, Mitsubishi Materials Corporation
("MMC") has agreed to subscribe for shares in MAQM for an aggregate purchase
price of US$22.6 million, resulting in MMC holding a 40% shareholding interest
in MAQM and AQM holding the remaining 60%. The completion of the share
subscription is subject to a number of conditions precedent, including the
confirmation of representations and warranties of AQM as set out in the
Subscription Agreement, compliance with covenants set out in the Subscription
Agreement, and completion of certain Peruvian corporate matters necessary to
facilitate the share subscription by MMC. The share subscription is expected to
close in several weeks once such Peruvian corporate filings and corporate law
processes are complete. As MAQM holds a 50% interest in Compania Minera Zafranal
("CMZ"), the Zafranal Project joint venture company, this provides MMC with a
20% indirect interest in CMZ and the Zafranal Project. 


Upon the completion of the share subscription, the Company, MMC and MAQM will
enter into a joint venture shareholders' agreement pursuant to which MMC and the
Company will jointly contribute to MAQM's 50% interest in the Zafranal Project.
The Company and MMC have settled the terms and form of the joint venture
shareholders' agreement. All major decisions regarding MAQM and the ongoing
development of the Zafranal Project will require the approval of both MMC and
the Company. During the initial carried period where MMC has agreed to fund an
additional US$15.07 million, MMC will have a casting vote on all major
decisions.  


The additional US$15.07 million that MMC has agreed to fund, is expected to more
than cover its 40% share of MAQM's anticipated costs of proposed Pre-Feasibility
and Feasibility Studies for the Zafranal Project (subject to approval by the
shareholders of CMZ to initiate such studies). AQM's share of MAQM's costs
related to such studies will be solely funded from MMC's initial US$22.6 million
investment, which is expected to result in the Company holding effectively a
carried interest in the Zafranal Project through to a production decision. 


Following the carried period, each of MMC and the Company will be required to
fund their pro rata share of programs and budgets or will be subject to
dilution. 


Mr. Bruce Turner, President and CEO of AQM stated that "this significant
investment in the project by MMC underscores the quality of the project and an
endorsement of AQM's ability to continue to advance it toward production. With
this funding in place, we are excited to be positioned to commence progress on a
proposed Pre-Feasibility Study in the months ahead. We look forward to having
MMC as our partner going forward." 


ON BEHALF OF THE BOARD OF DIRECTORS 

Bruce Turner, President and CEO 

ABOUT AQM Copper: AQM Copper Inc. is a Canadian based mineral exploration
company exploring and developing copper deposits in South America. Through its
wholly owned Peruvian subsidiary, Minera AQM Copper Peru S.A.C., the Company is
developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru.
Minera AQM Copper Peru S.A.C. is the operator of a 50/50 Joint Venture with Teck
Resources Limited through a sole purpose Peruvian company, Compania Minera
Zafranal. 


The Company published a favourable independent Preliminary Economic Assessment
("PEA") in January 2013 which calculated a NI 43-101 compliant Measured and
Indicated Resource of 557.2 Mt grading 0.36% Cu and 0.07 g/t Au. The PEA was
completed by Tetra Tech WEI Inc., ("Tetra Tech"), and contains production
parameters, capital costs, operating costs, pre-tax and post-tax financial
projections for an open pit mine processing 80,000 t/d of mill feed and a leach
operation based on the treatment of approximately 20,000 t/d of oxide and
secondary sulphide material. Using long-term forecasted copper and gold prices
of US$3.00/lb and US$1,274/oz respectively; and an initial capital cost of US$
1,520 million, the Project is projected to yield a post-tax Net Present Value at
8% discount rate, of US$ 588 million and an internal rate of return (IRR) of
17.4%. The valuation is based on 100% of the Project and 100% Equity. The reader
should be aware that the preliminary economic assessment is preliminary in
nature, and includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them
that would enable them to be categorized as mineral reserves. The reader should
also be aware that there is no certainty that the results forecast in the
preliminary economic assessment will be realized. Mineral resources that are not
mineral reserves do not have demonstrated economic viability. 


The Company's management and directors have extensive experience working for the
world's largest mining copper producers and investment banking backgrounds.
Please refer to the Company's website at www.aqmcopper.com, for further
information regarding the Company and the Zafranal Project. 


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 


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to AQM Copper Inc., certain
information contained herein constitutes "forward-looking statements".
Forward-looking statements include statements that are predictive in nature,
depend upon or refer to future events or conditions, or include words such as
"expects", "anticipates", "plans", "believes", "considers", "intends",
"targets", or negative versions thereof and other similar expressions, or future
or conditional verbs such as "may", "will", "should", "would" and "could". We
provide forward-looking statements for the purpose of conveying information
about our current expectations and plans relating to the future and readers are
cautioned that such statements may not be appropriate for other purposes. By its
nature, this information is subject to inherent risks and uncertainties that may
be general or specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove to be
accurate, that assumptions may not be correct and that objectives, strategic
goals and priorities will not be achieved. These risks and uncertainties include
but are not limited to those identified and reported in AQM Copper Inc's public
filings, which may be accessed at www.sedar.com. Other than as specifically
required by law, we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which such
statement is made, or to reflect the occurrence of unanticipated events, whether
as a result of new information, future events, results or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Spyros P. Karellas
Pinnacle Capital Markets LTD.
(416) 433-5696
(416) 800-8921
spyros@pinnaclecapitalmarkets.ca

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