Here's Copper Mountains deal for comparison purposes.

COPPER MOUNTAIN PROJECT DEBT FINANCING AGREEMENTS SIGNED FOR US$322 MILLION Vancouver, British Columbia – May 31, 2010 – Copper Mountain Mining Corporation (TSX: CUM) (the “Company” or “Copper Mountain”) announces that Project Finance Agreements for US$322 Million have been executed by Similco Mines Ltd. (“Similco” 75% owned by the Company) for the Copper Mountain Project located 15 km south of the town of Princeton in southern British Columbia. The Project Financing consists of two tranches: (1) a Senior Credit Agreement for US$162 Million provided by a consortium of Senior Lenders comprising The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mizuho Corporate Bank, Ltd., and (2) a Term Loan of US$160 Million provided by Japan Bank for International Cooperation (“JBIC”), the international arm of Japan Finance Corporation. The Lenders under the Senior Credit Agreement will have the benefit of export credit insurance by Nippon Export and Investment Insurance (“NEXI”). This is NEXI’s first application of its insurance on project financing for a mineral resources development project. In connection with the Senior Credit Agreement, the shareholders of Similco have guarantee obligations prior to the Project completion. The overall schedule of the project has remained unchanged with preproduction mining starting late this summer and construction planned to be completed by May 2011 for full production at the rate of 35,000 TPD by June 2011. There are currently 48 Copper Mountain personnel and 150 construction people at site. The Company has added some construction photos to the Company’s web page for interested investors. www.CuMtn.com. Mr. Jim O’Rourke, President and CEO, stated, “We are very pleased that our partner, Mitsubishi Materials Corporation, has successfully arranged the project financing with significant support from the two governmental Export Credit Agencies in Japan, NEXI and JBIC. This will allow the project to advance as planned and we are confident that we will achieve our target of full production in June 2011 at the rate of 105 million pounds of copper per year.”

Also in the news: Current info on what's happening there. The smelter in Japan is just getting up to operation speed again. The Force Majure is lifted.

May 27, 2011 – Copper Mountain Mining Corporation (TSX: CUM)

(the “Company” or “Copper Mountain”) announces that on March 11, 2011 Mitsubishi Materials Corporation (“Mitsubishi”) announced that they had suspended operations at their Onahama copper smelter (subsidiary of Mitsubishi) as a result of the damage by the earthquake and tsunami, as well as the damages sustained to the surrounding infrastructure and logistics for the smelter. The Copper Mountain Project (the Project”

) has now received the standard force majeure notice from Mitsubishi relating to its copper concentrates agreement.

Mitsubishi owns 25% of the Project through its wholly-owned Canadian subsidiary MM Copper Corporation. Mitsubishi has contracted to purchase 100% of the copper concentrate produced by the Project. Mitsubishi has played a significant role in arranging the US $322 million project debt financing for the development of the Project; it has issued a completion guarantee on the senior credit facility (US$162 million), and also issued a corporate guarantee on the term loan (US$160 million). On April 7, 2011, Mitsubishi released that the Onahama copper smelter has a plan to resume its operation partially in the middle of July. However, Mitsubishi considers it unlikely that the Smelter and related facilities, could resume its operation soon, especially concerning the heavy damage to the local port facilities. Mitsubishi have informed the Company, in accordance with the contracts, that they will implement necessary actions to fulfill their obligations in good faith. Mitsubishi is commitment to the Project is unchanged despite the issuance of the force majeure letter. As

announced in the Company’s press release dated March 17, 2011, the Company believes that the Company’s plans for delivery of copper concentrate

commencing this summer remain unaffected.