Lorraine Copper

News

Grant of Stock Options

News Releases
May 26, 2008
Grant of Stock Options
Lorraine Copper Corp. (the “Company”) has granted a total of 2,625,000 incentive stock options to directors and employees of the Company pursuant to the Company’s stock option plan. The stock option plan (a “rolling” plan with a maximum of 10% of issued shares reserved for issuance) was approved by shareholders on November 27, 2007. The 2,625,000 options are exercisable for a period of five years at a price of $0.15 per share and are subject to the approval of the TSX Venture Exchange. The options, and the shares issuable upon exercise shall be subject to a four-month hold period from the date of the grant of the options. Following this grant, there are 2,625,000 stock options outstanding with an expiry date of May 26, 2013 and an exercise price of $0.15 per share.

The Company presently has 40,000,002 shares issued and outstanding.

Bill Morton

J. William Morton, P.Geo.
President
Lorraine Copper Corp.

The TSX – Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX – Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.