CopperBank Re-confirms New Targets at the Company's Contact Copper Project, Nevada

VANCOUVER, BC / ACCESSWIRE / June 7, 2016 / CopperBank Resources Corp. ("CopperBank") CBK is pleased to re-release results from a surface sampling program at the Company's 100%-owned Contact Copper Project in northeast Nevada. These results were initially released on August 27, 2012 by Enexco International ("Enexco"), the predecessor company that owned the Contact Copper Project, and are being re-released as part of a corporate update on the joint venture opportunities within CopperBank's current portfolio of properties.

High-grade copper assays were returned from a suite of 28 rock chip samples taken at the Copper Ridge prospect, located one mile (1.6 km) southwest of the main Contact Copper Deposit resource area, on which a Pre-Feasibility Study ("PFS") was completed by Enexco in 2013. This 2012 surface sampling program returned grades of up to 12.4% copper in grab samples, from outcrops with visible copper oxide mineralization within quartz monzonite host rock. Samples were collected in an area of claims that were acquired in 2011 by predecessor company Enexco. Grab samples were collected from an approximately 8,000 by 2,000 foot area (2,500 by 600 m). This area has never been drill tested and previous activity is limited to shallow, historic prospect pits.

The purpose of the sampling program was to determine if additional geologic work was warranted to identify drill targets in the area. The results confirmed previous sample results and warrants follow-up work to identify near-surface, copper oxide material that could compliment the Contact Deposit Resource.

Select grab samples range from trace to 12.4% copper. Highlights include:

Copper Ridge Prospect Samples

Gianni Kovacevic, CopperBank's Executive Chairman comments, "We are re-releasing this valuable information to showcase the significant exploration potential on the 5,600 acre overall project area. The Contact Copper Deposit is at the Pre-Feasibility stage and is highly leveraged to copper prices. Only 1.5 kilometres southwest from the resource area are the Copper Ridge and New York prospects that have never been drilled. With this close proximity to a PFS level project, we feel that there is an opportunity for us to explore various strategic initiatives to advance potential work programs - be it in a joint venture with interested parties, or in a modest 10 to 20 hole stand alone phase 1 drill program. By re-releasing these surface samples, we are excited to showcase the prospectivity of the historic Contact Mining District - a copper producer from 1909 to the 1940's."

About the Contact Copper Project

The Contact Copper Project is a copper oxide project 100% owned by CopperBank and located in Elko County, Nevada. A detailed explanation of the claim blocks for the entire project area can be found on the company's website.

The Contact Copper Project has had drilling totalling 280,000 feet (85,000 m) to date and is now at the pre-feasibility stage. Additional information, including Technical Reports the Pre-Feasibility Study are available on CopperBank's website at www.copperbankcorp.com

Qualified Person

Enexco's samples from the Copper Ridge Area surface sampling program were prepared and analyzed by SGS Minerals Services in Vancouver, Canada, an ISO/IEC 17025 certified laboratory under supervision by Enexco's Qualified Person. Robert McLeod, P.Geo, Qualified Person for CopperBank as defined by NI 43-101 has reviewed and approved the technical portions of this release.

On behalf of CopperBank Resources Corp.

"Gianni Kovacevic"
Executive Chairman

Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-085
E-mail: gk@copperbankcorp.com
Website: www.copperbankcorp.com

Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although CopperBank believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For more information on each of CopperBank and the risks and challenges of its businesses, investors should review the information circular dated September 12, 2014 and its other continuous disclosure filings that are available under CopperBank's profile at www.sedar.com.

SOURCE: CopperBank Resources Corp.