Copper Canyon Resources Engages Blackmont Capital as Financial Advisor

Market Wire, September, 2006

Copper Canyon Resources Ltd. (TSX-V: CPY) has formally engaged the services of Blackmont Capital Inc. to provide financial advice and collaborate on strategic alternatives available to Copper Canyon in light of formal offers to purchase NovaGold Resources Inc. and Pioneer Metals Corp. announced by Barrick Gold Corporation on August 4th, 2006. As stated in the offering documents, the acquisition of the two companies will "allow Barrick to consolidate the land position around the Galore Creek Gold-Silver-Copper Project, which will facilitate the efficient development of this project."

The Company's primary asset is the Copper Canyon Property, to which CPY currently holds a 100% option interest, subject to an option agreement with NovaGold Resources Inc. NovaGold controls the adjacent Galore Creek Property. The Copper Canyon Property is also contiguous with the Pioneer Metals Grace Property.

Barrick has recently announced the acquisition of 81% of the outstanding shares of Pioneer Metals. Although a formal offer or negotiation to acquire Copper Canyon has not currently taken place, management of Copper Canyon feels that the Copper Canyon Property, which hosts a substantial inferred mineral resource as outlined below, also holds considerable strategic value to the development of the Galore Creek area.

Copper Canyon Inferred Resource

An inferred category resource estimate completed by independent engineering firm Hatch Ltd. of Vancouver, B.C., Canada, shows that the Copper Canyon target at the Galore Creek project in northwestern British Columbia contains over 2.86 million ounces of gold, 37.9 million ounces of silver and 1.16 billion pounds of copper at a 0.35% copper equivalent cut-off grade (CuEq)(1) (See Table 1 below). Copper Equivalent grades are based both on long-term average metal prices and estimated recoveries based on extensive metallurgical data from the adjacent Galore Creek Central/SW deposit. The estimate utilized a geologic model developed from the previously announced drilling at Copper Canyon during 2004 by NovaGold and historic results which had encountered significant widths of gold, silver and copper mineralization.

            Table 1 :  COPPER CANYON TARGET - INFERRED RESOURCE
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                                                 Million  Million  Million
Cutoff     Size           Grade                    lbs.     Ozs      Ozs
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            M       Cu     Au       Ag     CuEq
CuEq(%)   Tonnes    (%)   (g/t)    (g/t)   (%)      Cu       Au      Ag
--------------------------------------------------------------------------
 0.35     164.8    0.35    0.54     7.15   0.74    1,160    2.86    37.91
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 0.50     116.1    0.41    0.64     8.30   0.87      950    2.39    30.98
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Note: (1) Copper equivalent calculations use metal prices of US$375/oz for
gold, US$5.50/oz for silver and US$0.90/lb for copper. Copper equivalent
calculations (CuEq%) reflect gross metal content that have been adjusted
for metallurgical recoveries based on the following criteria: Copper
Recovery = (%Cu-0.06)/%Cu with a minimum of 50% and Maximum of 95%; Gold
Recovery = (Au g/t - 0.14)/Au g/t with a minimum of 30% and Maximum of
80%; and Silver Recovery = 80%.

This news release has been reviewed and approved by Tim J. Termuende,
P.Geo., hereby designated as a "Qualified Person" under National Instrument
43-101.

On behalf of the Board of Directors

Signed

"Tim J. Termuende"
President and CEO

For further information, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email:  mgl@copcanyon.com  or visit our website at  http://www.copcanyon.com 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Distributed by Filing Services Canada and retransmitted by Market Wire

Contact: Mike Labach 1 866 HUNT ORE (486 8673) Email: Email Contact http://www.copcanyon.com