WESTCAN ACQUIRES COPPER PROPERTY
Wednesday, November 9th, 2011

WestCan Uranium Corp. is pleased to announce it has entered an Option Agreement with an arms-length individual on the TAS Claim, located 2 kilometres east of the currently producing Copper Mountain Mine, which is 17 kilometres south of the Town of Princeton, in the Similkameen Mining Division of British Columbia. The project encompasses approximately 1,300 hectares and the area has been extensively logged, giving good access to all areas of the claim.

The Copper Mountain camp has been the subject of copper exploration since the 1880’s and has been a significant producer of copper, gold and silver for 70 years (1926-1996). Exploration resumed in 2007 and the mine was placed back into production by Copper Mountain Mining Corporation earlier this year. The open pit mine is expected to yield 100 million pounds of copper per year.

The geological setting on the TAS Claim is similar to the Copper Mountain Camp and geological mapping, prospecting and soil geochemical sampling as well as electromagnetic geophysical surveying were carried out from 1990 to 1996. In May 2009, 19.5 kilometres of Titan 24 DC/IP geophysical surveying was completed over the claim and since October 2009 twelve holes have been drilled, the latest completed in 2011. Management is currently reviewing all previous reports and will be outlining a comprehensive work program in the near future.

Under the terms of the agreement, WestCan will pay the Optionor a total of $400,000 in cash; issue 800,000 shares; and incur a minimum of $3,000,000 of exploration expenditures in exchange for receiving a 100% interest in the project. The commitments are to be staged over a four year period. The Optionor will also receive a 2% Net Smelter Royalty. The agreement is subject to regulatory approval.