Lorraine Copper


Lorraine Copper Provides a Corporate Update

News Releases
July 26, 2013
Lorraine Copper Provides a Corporate Update
July 26, 2013, Vancouver, BC — Lorraine Copper Corp. (“Lorraine Copper” or “the company”) (TSX-V: LLC) would like to provide an update on the status of the company and on the Lorraine Copper-Gold project.

The Lorraine copper-gold project (“Lorraine” or “the project”) is located in north central British Columbia approximately 170 kilometres to the northwest of the regional centre of Fort St. James. The project encompasses 140 claims covering approximately 39,046 hectares. The project is accessed by logging haul roads that connect to the communities of MacKenzie and Fort St. James and lies approximately 40 km from the Kemess power line.

The Lorraine project remains the cornerstone asset of the company and is subject to a 2005 agreement with Teck Resources Limited (“Teck”) who earned a 51% interest in December 2010 after spending $9 million dollars in exploration.

Mineralization at Lorraine is copper and gold-rich and has many attributes common to alkalic porphyries in British Columbia including Mount Polley and Galore Creek. Drilling at Lorraine, up to and including that completed by Teck in 2008, totals 223 holes (38,016 metres). An initial NI 43-101 compliant resource calculation was completed on the Main Zone-Bishop Zone area by Giroux Consultants of Vancouver, BC (see News Release of May 30, 2012). The resource estimates an Indicated resource of 6.419 million tonnes grading 0.61% copper and 0.23 g/t gold and an Inferred resource of 28.823 million tonnes grading 0.45% copper and 0.19 g/t gold (at a cutoff grade of 0.20 % Cu). An example of the robust nature of mineralization is provided by hole 08-120 drilled in the Lower Main Zone in 2008 which returned an intercept grading 0.64% copper and 0.30 g/t gold over 159 metres (mineralization starting at 8 metres depth).

The agreement between Lorraine Copper and Teck provides further opportunities for Teck to increase its interest in the Lorraine project to 60% by completing a feasibility study and to 65% by subsequently arranging project financing. In order for Teck to maintain the 60% and 65% options, Teck is required to complete minimum exploration expenditures of $500,000 by December 2013, failing which Teck’s rights to such additional interests shall terminate and a joint venture will be established with the interests being 51% Teck and 49% Lorraine Copper. Teck has not presented Lorraine Copper with a 2013 program and the management of Lorraine Copper is currently working with Teck to find other ways to advance the project.

J.W. (Bill) Morton P. Geo, president of Lorraine Copper Corp. is the Qualified Person who takes responsibility for this news release.

J.W, Morton P.Geo.

J.W. Morton, P.Geo., President and CEO
Lorraine Copper Corp.

About Lorraine Copper

Lorraine Copper holds a 49% interest in the large Lorraine project and Teck Resources Limited holds a 51% interest, which it earned in February 2011, with an option to take that ownership up to 60% by completing a feasibility study and to 65% by arranging production financing for Lorraine Copper. For more information please visit the Company’s website at www.lorrainecopper.com.

Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: (888) 656-6611

The TSX – Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.