LC Logan Copper Inc.

Logan Copper Inc. (TSX VENTURE:LC) wishes to announce that it has closed the
first tranche of a private placement of common shares and warrants with
MineralFields Group and other participants, as announced on November 3, 2010
(available at www.sedar.com). 


We are very pleased to be entering into this relationship with MineralFields
Group", said Thal S. Poonian, President and CEO. "This is an important milestone
in the growth of Logan Copper Inc. and we look forward to working with
MineralFields Group as we develop our holdings in the Nicola and Kamloops Mining
Districts, British Columbia".


The company received a total of $1,375,450 dollars; $800,000 for subscriptions
of 4,000,000 flow-through units at a price of $0.20 per unit and $575,450 for
subscriptions of 3,385,000 non-flow-through units at a price of $0.17 per unit.
Each flow-through unit consists of one common share and one-half of one
non-flow-through warrant and each non-flow-through unit consists of one common
share and one whole non-flow-through warrant, all exercisable at $0.30 per
warrant for two years expiring November 16, 2012.


The Company paid finders' fees to three dealers (Canaccord Genuity Corp.,
Meadowbank Asset Management Inc. and Limited Market Dealer Inc.) in the
aggregate amount of $92,360 plus due diligence fees of $37,500 and issued a
total of 683,000 finder warrants. Each warrant entitles the holder to purchase
one common share at a price of $0.20 per share for two years expiring November
16, 2012. The securities issued in this placement are subject to a hold period
expiring March 17, 2011.


The Company will use the proceeds from this private placement to fund
exploration and development activities on its mineral properties, and/or on
other properties that it may acquire interests in. The Company is obligated to
expend the flow-through subscription funds on eligible exploration expenses. A
portion of the private placement proceeds will be used as working capital. The
common shares comprising the flow-through units will be issued as flow-through
common shares, providing the purchasers with certain tax benefits. 


About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Vancouver, Montreal and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R).


About Logan Copper Inc.

Logan Copper Inc. is a Canadian copper exploration and development company. Our
primary assets include the "Dansey" and "Lost Mine" copper properties, located
between Kamloops and Merritt in British Columbia; and are contiguous to Teck
Resources Ltd. "Highland Valley" copper mine. The Company is listed on the
TSX-Venture Exchange under the symbol LC.


On behalf of the Board of Directors of LOGAN COPPER INC.

Thal S. Poonian, CEO/President/Director

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