AKA Ventures Inc. : Non-Brokered Private Placement Financing

Vancouver, B.C.: Phoenix Copper Corporation ("Phoenix" or the "Company") (TSX-V Symbol: PHC) announces a non-brokered private placement of up to 10 million units at a price of seven and one half cents per unit ($0.075) to raise proceeds of up to $750,000. Each unit will consist of one common share and one common share purchase warrant (the "Unit Warrants") with each Unit Warrant entitling the holder to acquire one additional common share at a price of 15 cents ($0.15) per share for the first year and 20 cents ($0.20) for the second year from closing. The Unit Warrants are subject to the right of the company to accelerate the exercise period for the Unit Warrants if the common shares of the company trade above 25 cents ($0.25) for a period of 10 consecutive trading days.

The proceeds of the private placement will be allocated toward the drilling programs at the Company's Mine Canyon and Copper Joe projects as well as for general working capital purposes. The Company may pay a finders' fee on the private placement proceeds to certain parties in accordance with the policies of and subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors of
Phoenix Copper Corporation

"Brian Leeners"

Brian Leeners, CEO & Director

For further information please contact the Company
Tel: [phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.