AQM

AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM Copper" or the "Company") AQM
Copper is pleased to announce an update of its exploration and pre-development
activities at the Zafranal Project, located in the southern Peruvian copper
porphyry belt. The Company has recently completed the exploratory drilling
program at Victoria and Sicera Sur, has carried out condemnation drilling to the
north of the Main Zone and is currently working on a Preliminary Economic
Assessment ("PEA") which will be published later this year. 


The Company announces today results from its drill program on the Victoria Zone,
aimed at further defining the extent of mineralization in this newly discovered
zone.




----------------------------------------------------------------------
Drill Hole        From (m.)    To (m.)  Interval (m.)    Cu%T   Au g/t
----------------------------------------------------------------------
ZFDDH12-238                      No Significant Results               
----------------------------------------------------------------------
ZFDDH12-239               0         24             24    0.21%    0.02
----------------------------------------------------------------------
ZFDDH12-240                      No Significant Results               
----------------------------------------------------------------------
ZFDDH12-241               0         20             20    0.27%    0.04
----------------------------------------------------------------------
And                   55.50        110          55.50    0.35%    0.01
----------------------------------------------------------------------
ZFDDH12-242             204        224             20    0.22%    0.02
----------------------------------------------------------------------
And                     264        294             30    0.23%    0.02
----------------------------------------------------------------------
ZFDDH12-243                      No Significant Results               
----------------------------------------------------------------------
ZFDDH12-244             122        160             38    0.32%    0.03
----------------------------------------------------------------------
And                     176   233.3(i)           57.3    0.33%    0.05
----------------------------------------------------------------------
ZFDDH12-246             124        158             34    0.26%    0.04
----------------------------------------------------------------------
And                     172        266             94    0.27%    0.04
----------------------------------------------------------------------
And                     310  333.50(i)          23.50    0.29%    0.02
----------------------------------------------------------------------
ZFDDH12-250             264      353.4           89.4    0.22%    0.05
----------------------------------------------------------------------
And                     410        536            126    0.26%    0.03
----------------------------------------------------------------------
ZFDDH12-251                      No Significant Results               
----------------------------------------------------------------------
(i) Hole ended in mineralization                                            



These results confirm the eastern limit of the Victoria Zone. Drill hole
ZFDDH12-239 is the easternmost mineralized drill hole completed on Victoria.
Drill hole ZFDDH12-243, located a further 200 metres to the east, failed to
encounter significant mineralization. Victoria has now been defined as a
northerly dipping tabular body with a strike length of 800 metres and a width of
up to 400 metres. 


Drilling also tested the extensions of the two mineralized zones found on the
Sicera Sur target.




----------------------------------------------------------------------
Drill Hole        From (m.)    To (m.)  Interval (m.)    Cu%T   Au g/t
----------------------------------------------------------------------
SSDDH12-004                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-005                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-006                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-007                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-008                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-009                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-010              92        108             16    0.22%    0.09
----------------------------------------------------------------------
And                     276        350             74    0.26%    0.02
----------------------------------------------------------------------
SSDDH12-011           202.3        427          224.7    0.30%    0.03
----------------------------------------------------------------------
Incl.                   220        234             14    0.62%    0.08
----------------------------------------------------------------------
And                   471.1        488           16.9    0.25%    0.02
----------------------------------------------------------------------
SSDDH12-012                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-013                      No Significant Results               
----------------------------------------------------------------------
SSDDH12-014                      No Significant Results               
----------------------------------------------------------------------



Drill holes SSDDH12-004 through to SSDDH12-006 and SSDDH12-008 were drilled on
the possible northern extension of the northern Sicera Sur porphyry target. None
of the results of the drilling indicate significant copper mineralization and
the Company has now defined the northern limit of the system. Drill holes
SSDDH12-007 and SSDDH12-012 were drilled on the southern extension of the
southern Sicera Sur porphyry target. Neither encountered significant
mineralization. Drill holes SSDDH12-009 and SSDDH12-010 were drilled on the
central part of the northern Sicera Sur porphyry, while drill hole SSDDH12-011
was drilled further to the east in order to test the deeper portion of the
porphyry target. The wide intercepts encountered in this drill hole shows that
the mineralization extends further at depth than previously identified. 


Additionally, the Company has completed condemnation drilling to the northwest
of the Main Zone, where rock chip sampling had identified a high-contrast gold
anomaly. Four drill holes were completed in this area, and results are shown
below:




------------------------------------------------------
Drill Hole   From (m.)  To (m.)  Interval (m.)  Au g/t
------------------------------------------------------
ZFDDH12-245        142      144              2    2.57
------------------------------------------------------
And                190    228.8           38.8    0.12
------------------------------------------------------
And                370      378              8    0.48
------------------------------------------------------
ZFDDH12-247            No Significant Results         
------------------------------------------------------
ZFDDH12-248         26       72             46    0.27
------------------------------------------------------
ZFDDH12-249            No Significant Results         
------------------------------------------------------



The results obtained confirm the presence of a gold anomaly to the northwest of
the Main Zone and indicates that further work is warranted to determine the
extent of the anomaly. 


The existing permit for the project is being modified to allow for exploration
drilling of additional mineral anomalies to the south and northwest of the Main
Zone and west of Sicera Sur, as well as condemnation drilling of locations
identified for proposed project infrastructure. Until the modification is
approved, drilling will focus on condemnation drilling around the Main Zone and
Victoria deposits as well as geotechnical drilling for the proposed open pits
and crusher location. 


The Company is presently advancing its PEA for the Zafranal Project with the
assistance of Tetra Tech WEI and is expecting to publish the PEA later in 2012. 


The Company is also pleased to announce that it has renewed and expanded the
surface access agreement that was originally signed in 2009 with the local
governmental agency controlling the surface rights in the area (AUTODEMA). This
annual renewable agreement allows for continued exploration activities within
the Zafranal mineral concession and may, under certain conditions, be modified
to allow for future development of the project. 


The Company has established a rigorous QA/QC program at Zafranal, which includes
the insertion of blanks, duplicates and certified standards into the sample
stream. Core is photographed on site and subsequently sawed in half, with one
half sent for analysis and the other half stored for future reference and assay
verification. RC chips are split twice on site using a riffle splitter, with 25%
of the sample being sent to the laboratory for assay and the rest stored for
future verification purposes. All samples are shipped to ALS Chemex's sample
preparation facility in the city of Arequipa, where they are crushed and
pulverized. Prepared samples are shipped to ALS Chemex's certified laboratory in
Lima where they are analyzed for gold, copper and multi-element ICP. 


Alvaro Fernandez-Baca, P.Geo, Vice President Exploration for AQM Copper Inc. and
the Company's Qualified Person for the purposes of NI 43-101, has approved the
information contained in this news release. 


ON BEHALF OF THE BOARD OF DIRECTORS 

Bruce Turner, President and CEO

ABOUT AQM Copper: AQM Copper Inc. is a Canadian based mineral exploration
company exploring and developing copper deposits in South America. Through its
wholly owned Peruvian subsidiary, Minera AQM Copper Peru SAC, the Company is
developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru.
Minera AQM Copper Peru SAC is the operator of a 50/50 JV with Teck Resources
Limited through a sole purpose Peruvian company formed for Zafranal as announced
in its press release on July 8, 2010. The Zafranal Project has NI 43-101
compliant measured and indicated resources of 510.7 million tonnes grading 0.36%
copper and 0.07 grams per tonne gold. Management and directors have extensive
experience working for the world's largest mining copper producers. Please refer
to the Company's website at www.aqmcopper.com, for further information regarding
the Company and its projects.

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