====================================================================== News Release - Monday, April 30, 2007 Copper Ridge Closes $1.5 Million Non-Brokered Private Placement ====================================================================== Copper Ridge KRX-TSX.V Press Release No. 07/2007 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, BC, April 30, 2007 - Copper Ridge Explorations Inc. (the "Company") announces that it has completed a non-brokered private placement of 9,375,000 units at a price of $0.16 per unit for gross proceeds of $1,500,000. Each unit consists of one common share and one-half of a share purchase warrant. Each whole share purchase warrant is exercisable for an additional common share of the Company at a price of $0.20 per share for the first 12 months and $0.25 per share for the remaining 12 months, expiring on April 26, 2008. In the event that the Company's common shares trade at a closing price on the TSX Venture Exchange of greater than $0.50 per share for a period of 20 consecutive trading days at any time after four months and one day after the closing date, the Company may accelerate the expiry date of the warrants by giving notice to the holders thereof and in such case the warrants will expire on the 30th day after the date on which such notice is given by the Company. Finder's fees of $70,128 and 730,500 warrants were paid on a portion of the private placement. The finder's warrants are exercisable at a price of $0.20 per common share expiring on April 26, 2008. The net proceeds of the private placement will be used for general working capital purposes. All of the securities are subject to a four-month hold period in Canada in accordance with applicable securities laws, expiring August 27, 2007. The offered securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the Company in the United States. Copper Ridge's exploration philosophy focuses on maximizing the potential for success in a high-risk business. With grass roots mineral exploration, where the entry cost is low but the potential reward can be very high, success will be contingent on exploration skill and on carefully managed risk. Our management team brings tenacity, technical skill and experience, all crucial ingredients for discovery. By exploring a broad array of projects, focusing on the right commodities, in areas of high mineral potential and in mining-friendly jurisdictions and by sharing the risks on some projects with joint venture partners, Copper Ridge is exposing its shareholders to a greater chance for discovery. Copper Ridge is well financed for the proposed 2007 field program on its Yukon and British Columbia properties. Contact: Gerald G. Carlson, President & CEO Copper Ridge Explorations Inc. Suite 500 - 625 Howe Street Vancouver, B.C. V6C 2T6 Phone: 604-688-0833; 1-888-278-2288 Fax: 604-688-0835 info@copper-ridge.com TSX Venture Exchange - KRX Pink Sheets - CRXOF Berlin - 502845 This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. ====================================================================== Copyright (c) 2007 COPPER RIDGE EXPLORATIONS INC. (KRX) All rights reserved. For more information visit our website at http://www.copper-ridge.com/ or send mailto:info@copper-ridge.com Message sent on Tue May 1, 2007 at 12:28:09 PM Pacific Time ====================================================================== .
Copper Ridge is a copper producing company based in Canada.
Copper Ridge produces copper, gold and silver in Mexico, and holds various exploration projects in Canada and in Mexico.
Its main asset in production is GAVILANES in Mexico and its main exploration properties are KALZAS, DUKE ISLAND, BABINE, GOLD DOME, BOREALIS, COPPER ACE, JOSS'ALUN, LUCKY JOE, YUKON OLYMPIC, OGOPOGO, WILLOUGHBY, CLEAR LAKE, HART RIVER CLAIMS, LUCKY JOE AND SHAMROCK and ASH, B AND TAR CLAIMS in Canada.