COL Copper North Mining Corp

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL)
announces that it plans to raise up to $800,000 through the sale of up to
16,000,000 units (the "Units") at a price of $0.05 per Unit by means of a
non-brokered private placement (the "Private Placement").


Each Unit will consist of one common share of the Company (a "Share") and one
non-transferable warrant (a "Warrant"). Each Warrant will entitle the holder to
purchase one additional Share at a price of $0.07 for a period of 24 months from
closing. 


The Company intends to use the proceeds from the Private Placement to complete
the review of the Carmacks Copper Project described below and for general
corporate purposes. The Private Placement is subject to TSX Venture Exchange
approval and all securities will be subject to a four month hold period. 


The Company intends to undertake a review of the Carmacks Copper Project before
submitting its project proposal to the Yukon Environment and Socio-economic
Assessment Board. Part of the review will include evaluating the potential to
recover gold and silver in addition to the currently proposed copper production.
Previous metallurgical studies indicate that the leached copper ores are
amenable to cyanide leaching for gold and silver. The potential recovery of gold
and silver provides a somewhat unique opportunity to increase revenue during
operations, improve overall project economics, and reduce the by-product cost
per pound of copper produced. 


The advancement of the Carmacks Copper Project will be the immediate focus of
the Company. The Carmacks Copper Project is an advanced stage copper project in
south-central Yukon. The feasibility study completed in October 2012 indicates
that the project has attractive economics at current copper prices (see November
1, 2012 News Release). 


The Company also intends to explore additional, less dilutive opportunities for
financing the development of the Carmacks Copper Project, perform a strategic
review of the Redstone Project in the Northwest Territories, and evaluate
opportunities to acquire advanced projects that it believes will create value
for its shareholders.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States unless registered under the
U.S. Securities Act and applicable securities laws or an exemption from such
registration is available. 


On behalf of the Board of Directors:

Dr. Harlan Meade, President, CEO and Director

About Copper North

Copper North is a Canadian mineral exploration and development company. Copper
North's assets include the Carmacks Copper Project located in the Yukon, and the
Redstone Property located in the Northwest Territories. Copper North trades on
the TSX Venture Exchange under the symbol COL.


This news release includes certain forward-looking information or
forward-looking statements for the purposes of applicable securities laws. These
statements include, among others, statements with respect to the completion of
the proposed Private Placement; the price of securities issued pursuant to the
Private Placement; use of proceeds from the Private Placement; proposed
exploration, development, and permitting activities and their timing; the
potential for gold and silver recovery; and future economic operating results.
These statements address future events and conditions and, as such, involve
known and unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements to differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations include, among
others, the timeliness and success of regulatory approvals, the timing and
success of future exploration and development activities, exploration and
development risks, market prices, exploitation and exploration results,
availability of capital and financing, general economic, market or business
conditions, uninsured risks, regulatory changes, defects in title, availability
of personnel, materials and equipment, unanticipated environmental impacts on
operations and other exploration risks detailed herein and from time to time in
the filings made by the Company with securities regulators. In making the
forward-looking statements, the Company has applied several material assumptions
including, but not limited to, the assumptions that the Private Placement will
receive regulatory approval and will proceed as planned, the proposed
development and permitting of the mineral projects will proceed as planned,
market fundamentals will result in sustained metals and mineral prices, and any
additional financing needed will be available on reasonable terms. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise except as otherwise required by applicable securities legislation. 


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 PLEASE CONTACT: 
Copper North Mining Corp.
Julien Francois
Chief Financial Officer
604.638.2505
604.669.2926 (FAX)
info@coppernorthmining.com
www.coppernorthmining.com

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