Copper North Mining Corporation announced the commencement of a Feasibility Study update for its 100% owned Carmacks Copper Project located in the Yukon of Canada.

The Company has engaged M3 Engineering & Technology of Tucson, Arizona, USA to prepare an updated Feasibility Study for the Carmacks Copper Project. M3 is a full service engineering, procurement and construction management firm with significant global experience in the development of copper heap leach projects. M3 previously prepared the NI 43-101 compliant Feasibility Study report for Carmacks which was issued in May 2007.

The new NI 43-101 Feasibility Study report will provide Copper North with an up to date development plan, capital and operating cost estimate and financial analysis for the Carmacks Copper Project. The update will be based on end of Q2 2012 pricing and the Feasibility Study report is expected to be issued in July 2012. The Feasibility Study update will include engineering and design work associated with the recently proposed project changes.

Mr Dr Sally Eyre president & CEO of Copper North stated that "The renewed engagement of M3 to prepare the Carmacks Feasibility Study update will ensure continuity and efficiency of work and will enable the Company to move the project forward in a timely manner. With a revised economic analysis, we will be in a position to consider all financing options available in order to advance project development.”