Queensland Copper Producer Cudeco Limited Announces the Resignation of Peter Hutchison as Chairman and as Non-Executive Director

CuDeco Limited is a mining company, which is engaged in the exploration and production of copper in Australia. The Company's principal activities are mineral exploration, evaluation, mine development and construction of the plant and other infrastructure related to the Rocklands Copper Project based in Cloncurry, Queensland, Australia (Rocklands Project). The Company's projects also include Morris Creek and Camelvale projects. The Company holds various tenements in Queensland, which include exploration permit (EPM) 18054, EPM 25426, mining lease (ML) 90177, ML 90188 and ML 90219. The Rocklands Project contains over 11 ore-bodies. Its ore-bodies (Las Minerale and Rocklands South) contain a zone, which is characterized by high-grade coarse native copper and associated chalcocite ore, which persists from near-surface to depths of approximately 140 meters and widths of over 45 meters having a combined native copper/supergene zone strike length of approximately 1,200 meters.