Coast Copper Corp. announced that it has completed the second anniversary commitments with respect to the Empire Option Agreement consisting of: a cash payment of $150,000 to Mirva Properties Ltd. ("Mirva"); the issuance of 600,000 common shares of the Company to Mirva; and incurring a minimum of $400,000 of exploration expenditures on the Empire Mine property. Under the terms of the Empire Option Agreement, the Company can acquire a 100% interest in the Empire Mine property from Mirva by making aggregate cash payments of $1,250,000, issuing 3,000,000 common shares of the Company and undertaking work commitments totaling $2,000,000 over a 5-year period.

Mirva will retain a 2% net smelter return ("NSR") royalty on the Empire Mine property of which 1% may be purchased for $1,000,000 at any time up to 120 days after commencement of commercial production. The Empire Option Agreement was structured such that this NSR royalty plus all other NSR royalties which may currently be payable on the Empire Mine property may not exceed in aggregate 2.5% before buydowns. To date, the Company has incurred more than $2,000,000 in cumulative exploration expenditures on the Empire Mine property, thus satisfying the entire exploration expenditure requirements pursuant to the Empire Mine Option Agreement.

The Company announced that it has received conditional approval from the TSX-V regarding the sale of the Red Chris properties and that the remaining closing conditions are pending.