Copper King Mining (CPRK.PK)

Company Website
http://www.copperkingmining.com/

Summary
Currently, Copper King Mining Corporation is developing the Milford Mineral Belt which is made up of approximately 59,000 acres of mining claims which are proven, highly probable, probable, or likely.

Its holdings include a vast number of mining claims, land leases and mining rights described as the Millford Mineral Belt. It is 18 miles long and 8 miles wide. The principal metals include Copper, Silver, Gold, Tungsten and Molybdenum. Among its assets are also buildings and mining equipment.

Mineral Extraction

Over the next five years, Copper King is projected to extract:

• 230,200,000 lbs. Copper
• 115,100 ounces Gold
• 11,510,000 ounces Silver

Based upon current market prices*, the value of these minerals would be:

• $886,270,000 Copper
• $115,100,000 Gold
• $211,668,900 Silver

*Prices based on the market in March 2008.

It is estimated that with current proven reserves Copper King could process 2400 tons of ore per day for approximately 10 years producing almost $282,100 per day of revenue or $102,966,500 annually. Of course, proven reserves are a small fraction of what is believed to be in the Milford Mineral Belt. Drilling continues to prove more reserves daily increasing the amount of proven resources and profit expectations.

Recent Activity
Copper King Mining Corporation (Other OTC:CPRK), an ore mining, processing, and exploration company located in Southern Utah, today provided additional construction updates concerning its Flotation Processing Mill.

Copper King has purchased a line of thickeners for the mill’s floatation process. This week the concentrate thickener, complete with bride and rakes, arrived in a nearly new condition. The 16' Denver Thickener is 16' Dia X 9' 6" deep wall height, complete with Denver Thickener mechanism, tank, drive, rakes, and bridge.

The Denver Thickener is capable of processing up to 270 tons of concentrate per day. This will allow the Flotation Processing Mill, as designed, to expand with very little additional capital investment. Upon commencement of mill operations, the thickener should receive for processing 75-100 tons of concentrate per day.

The Flotation Processing Mill presently is designed to process 2,500 short tons of ore per day; and is estimated to produce 50-65,000 pounds of copper in concentrate, 25 ounces of gold, and 2,500 ounces of silver per day. The gross daily production value at start up, using current metal prices is estimated at $300,000 to $320,000 per day. This does not include the magnetite value which may add $10,000 to $25,000 per day in value.