Copper Mesa announces corporate update

VANCOUVER, April 9 /CNW/ - Copper Mesa Mining Corporation ("Copper Mesa" or the "Company") (TSX:CUX) today announced that the British Columbia Securities Commission, as principal regulator, has issued a cease trade order of the Company's stock until Copper Mesa files its audited financial statements, the related management's discussion and analysis and annual information form, all for the year ended December 31, 2008 (the "2008 Annual Filings").

This cease trade order is not expected to affect the binding Agreement with Nortec Ventures Corp. ("Nortec") (TSX-V:NVT) announced on April 1, 2009. If the Nortec transaction proceeds as anticipated, Copper Mesa management believes the 2008 Annual Filings will be filed no later than May 29, 2009. Application will be made to have the cease trade order lifted at the time of filing the 2008 Annual Filings.

Under the terms of the Agreement with Nortec, it will pay to Copper Mesa US$5,500,000 cash (the "Purchase Price"), in installments, with the final installment due January 31, 2010. Alternatively, Nortec may satisfy payment of the Purchase Price by paying to Copper Mesa the aggregate amount of US$5,000,000 no later than June 30, 2009. On April 1, 2009, Nortec reimbursed Copper Mesa US$75,000 for various property and tax payments made in Ecuador.

Closing is subject to a number of conditions, including the completion of a due diligence review by Nortec, acceptance for filing by the TSX Venture Exchange, Nortec's arranging for financing the funds required to pay the Purchase Price, and receipt of any further required regulatory approvals. Copper Mesa will continue to own the Zonia and Emerald Isle past producing copper properties.

About Copper Mesa Mining Corporation

Copper Mesa is a mineral exploration and development company focused on advancing into production its two key past-producing copper properties, the Zonia and Emerald Isle Mines in Arizona, USA. www.coppermesacorp.com

This press release may contain forward-looking statements that are based on Copper Mesa's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.