LC Logan Copper Inc.

Logan Copper Inc. (TSX VENTURE:LC) wishes to announce that it has received final
TSX Venture Exchange approval for the second tranche of a private placement of
common shares and warrants with MineralFields Group and other participants, as
announced on November 3, November 12, and November 16, 2010 (available at
www.sedar.com). 


In the second Tranche of the financing the company received a total of $528,475
dollars; $483,000 for subscriptions of 2,415,000 flow-through units at a price
of $0.20 per unit and $45,475 for subscriptions of 267,500 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 consist of one common share and one whole non-flow-through
warrant, all exercisable at $0.30 per warrant for two years expiring November
23, 2012.


In Tranche two the Company paid finders' fees to two dealers (Limited Market
Dealer Inc. and All Group Financial) in the aggregate amount of $30,347.50 plus
due diligence fees of $22,500 and issued a total of 268,250 broker warrants.
Each warrant entitles the holder to purchase one common share at a price of
$0.20 per share for two years expiring November 23, 2012. The securities issued
in this placement are subject to a hold period expiring March 24, 2011.


The Company has raised a total of $1,903,925 dollars through the full placement,
consisting of 6,415,000 flow-through units at a price of $0.20 per unit and
3,652,500 non-flow-through units at a price of $0.17 per unit. Four investment
dealers participated in this private placement on behalf of 18 placees. 


The warrants will be subject to an acceleration right which will permit the
Corporation to accelerate the expiry date if the Corporations trade at or over
$0.50 per share for 20 or more consecutive trading days. 


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 on
or before December 31, 2011. The common shares comprising the flow-through units
will be issued as flow-through common shares, providing the purchasers with
certain tax benefits. A portion of the private placement proceeds will be used
as working capital.


We are very pleased to have entered 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".


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 company listed on the
TSX-Venture Exchange under the symbol LC. Our primary assets include the
"Dansey" and "Lost Mine" copper properties, which comprise a contiguous parcel
totaling over 134,500 acres located between Kamloops and Merritt in British
Columbia. The Logan Copper property is contiguous to: Getty Copper Inc.'s copper
deposits in the North West; Teck Resources Ltd. "Highland Valley" copper mine to
the South West; New Gold Inc.'s "Afton" copper-gold mine to the North East and
Gold Fields Canada Exploration BV to the South East.


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

Thal S. Poonian, CEO/President/Director

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