Copper Mesa provides update to agreement with Nortec Ventures

VANCOUVER, June 24 /CNW/ - Copper Mesa Mining Corporation ("Copper Mesa" or the "Company") (TSX: CUX.TO) today announced that Nortec Ventures Corporation ("Nortec") elected not to make to Copper Mesa an agreed upon installment payment, part of a stream of such payments which would have totaled up to $5.5 million (U.S.), in connection with Nortec's acquisition of a subsidiary of the Company that controls the majority of its Ecuadorian assets. This payment of $70,000 (U.S.), originally due June 16, 2009, had already been extended by the Company to June 23, 2009. Nortec reportedly decided to withhold the payment due to a purported concern in title to one of the subsidiary's properties.

The Company intends to continue discussions with Nortec to resolve this matter. In the interim, Copper Mesa has commenced preliminary discussions with other parties that had previously expressed an interest in the Company's assets.

About Copper Mesa Mining Corporation

Copper Mesa is a mineral exploration and development company focused on advancing into production its two key past-producing copper properties, the Zonia and Emerald Isle mines in Arizona, USA. www.coppermesacorp.com

This press release may contain forward-looking statements that are based on Copper Mesa's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Contacts

Rana S. Gill
Chief Financial Officer
1-866-907-6047
rgill@coppermesacorp.com

or Joanna Longo
Investor Relations
1-800-385-5451
jlongo@coppermesacorp.com