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ICS Acquires "Karukuruku Concession"

Geschrieben am 31.03.2008 - [Nächster Artikel]

Abbortsford, Canada (ots/PRNewswire) - ICS Copper Systems
Ltd (The company or ICS), (ICX:TSX.V) is pleased to announce that it
has signed a Joint Venture Agreement with Cooperative Miniere Maadini
Kwa Kilimo (hereinafter referred to as "CCMK") to develop the
"Karukuruku" concession located in the area of Kipushi, Haut Katanga,
in the Province of Katanga, DRC better described as Arrete
Ministeriel No. 383 CAB.MIN/MINES/01/04 OF 19/06/04.

Under the agreement ICS will earn a 70% equity position in a
joint venture company to be called ICS Kipushi sprl by paying
CDN$80,000 to CCMK as follows:

a) CDN$10,000 against signature of the contract.

b) CDN$50,000 within 21 days of signature of the contract to
allow CCMK to obtain a P.R. (Permis de Researche) over the property.

c) CDN$20,000 once it is confirmed that a Permis de Researche has
been obtained over the "Karukuruku" concession.

ICS will have the option to increase their equity position from
75% to 90% in the joint venture company at a future time and date
still to be determined.

Mr. Graham Chisholm, President & CEO comments, "This adds to our
portfolio of exploration properties in the DRC which we intend to
develop in the future with the assistance of a well funded Joint
Venture partner."

ICS COPPER SYSTEMS LTD.

Signed "Graham Chisholm"

Graham Chisholm, President & CEO

This release includes certain statements that are
"forward-looking statements". All statements in this release, other
than statements of historical facts that address future exploration,
development and production activities, and other circumstances,
events and developments that the Company expects, are forward-looking
statements. Although management 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, events and developments may differ
materially from those in the forward-looking statements. The
occurrence of certain risk factors, the probability of which is
unknown, may also affect actual results, events and developments
expected by the Company.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; For Investor
Relations: Brett Whitelaw, brett_whitelaw@telus.net, Tel:
+1-604-662-8633, Web Page: http://www.icscopper.com

ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; For Investor
Relations: Brett Whitelaw, brett_whitelaw@telus.net, Tel:
+1-604-662-8633
 
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