& & VANCOUVER, BRITISH COLUMBIA — AQM Copper Inc. (TSX:AQM)(BVLAC:AQM) ("AQM Copper" or the "Company") is pleased to announce the discovery of a new copper porphyry east of the Zafranal Main Zone resource area.&

The "Victoria" zone was originally interpreted to represent the eastern supergene tail of the East-West striking Zafranal Main Zone. Initial drilling focused on those areas with presence of weak phyllic alteration on surface. Subsequent step-out drilling to the north has since confirmed the presence of significant hypogene copper mineralization to depths exceeding 300 metres below surface and over a 300 metre strike length. These thicknesses had not been observed on the easternmost part of the Main Zone resource area and are now interpreted to represent a different porphyry system, separated from the Zafranal Main Zone by a 150 metre wide gap.

Hypogene copper mineralization at Victoria is hosted by a highly deformed diorite phase of the Coastal Batholith of Peru, as opposed to the younger Zafranal Diorite and Microdiorite of the Zafranal Main Zone, and occurs as chalcopyrite and local chalcocite. Weak surface propylitic alteration hides the main part of the Victoria porphyry. The supergene copper sulphide mineralization that occurs to the south of the Victoria porphyry may represent lateral transport of copper-rich solutions from the Zafranal Main Zone.

Table 1 shows the drill holes completed on the Victoria zone, including previously announced holes. Hole ZFDDH11-187 was collared 60 metres north of drill hole ZFDDH11-162, on section 795800E, and 120 metres southeast of drill hole ZFDDH11-176. Hole ZFDDH11-203 was drilled 50 metres north of previously reported drill hole ZFDDH11-176.

  ----------------------------------------------------------------------------                From     To  Interval              Au                         Drill Hole     (m.)   (m.)      (m.)   Cu%T      g/t                    Zone ---------------------------------------------------------------------------- ZFDDH11-187      54    300       246   0.32%    0.04       Victoria Porphyry ---------------------------------------------------------------------------- ZFDDH11-203     134    422       288   0.35%    0.06       Victoria Porphyry ----------------------------------------------------                         Incl.           332    374        42   0.64%    0.12                         ----------------------------------------------------------------------------                        Previously Reported Intercepts                        ---------------------------------------------------------------------------- ZFDDH11-159      41     95        54   0.50%    0.04      Chalcocite Blanket ----------------------------------------------------                         And             129    149        20   0.28%    0.04                         ---------------------------------------------------------------------------- ZFDDH11-160      24    192       168   0.46%    0.05       Victoria Porphyry ----------------------------------------------------                         Incl.            24    158       134   0.47%    0.04                         ----------------------------------------------------                         Incl.           165    192        27   0.51%    0.09                         ---------------------------------------------------------------------------- ZFDDH11-162      39     76        37   0.34%    0.03      Chalcocite Blanket ----------------------------------------------------                         And              98    108        10   0.44%    0.05                         ---------------------------------------------------------------------------- ZFDDH11-163      44     84        40   0.28%    0.01      Chalcocite Blanket ---------------------------------------------------------------------------- ZFDDH11-164      16     33        17   0.50%    0.03      Chalcocite Blanket ---------------------------------------------------------------------------- ZFDDH11-171      48     74        26   0.47%    0.02      Chalcocite Blanket ---------------------------------------------------------------------------- ZFDDH11-172      52     72        20   0.32%    0.03      Chalcocite Blanket ----------------------------------------------------                         And             136    146        10   0.29%    0.04                         ---------------------------------------------------------------------------- ZFDDH11-176       0     12        12   0.26%    0.14       Victoria Porphyry ----------------------------------------------------                         Incl.          30.3    308     277.7   0.46%    0.06                         ----------------------------------------------------                         Incl.          30.3   96.3        66   0.84%    0.05                         ----------------------------------------------------                         Incl.            38     56        18   1.23%    0.05                         ----------------------------------------------------                         Incl.           105    268       163   0.37%    0.06                         ----------------------------------------------------                         Incl.           274    308        34   0.30%    0.04                         ----------------------------------------------------------------------------  

Table 1: Full results from drilling completed on the Victoria Zone. All intervals, except those shown in italics, use a 6 metre maximum internal dilution.

Commenting on the results from Victoria, Bruce Turner, AQM's President and CEO, said, "we are very pleased with the results obtained from this new porphyry target at Zafranal. The results indicate that this may be a significant new discovery, and our exploration efforts are now focused on growing this new zone further."

The Victoria zone remains open to the east and to the north, where new road-cuts continue to encounter copper oxide mineralization. Furthermore, the zone appears to increase in thickness towards the north. Four diamond rigs are currently drilling at Victoria. A drill plan and two sections from the Victoria zone have been posted on the Company's website http://telecomadvisors.biz/www.aqmcopper.com/s/Z_Maps.asp.

The Company has established a rigorous QA/QC program at Zafranal, which includes the insertion of blanks, duplicates and certified standards into the sample stream. Core is photographed on site and subsequently sawed in half, with one half sent for analysis and the other half stored for future reference and assay verification. RC chips are split twice on site using a riffle splitter, with 25% of the sample being sent to the laboratory for assay and the rest stored for future verification purposes. All Zafranal samples are shipped to ALS Chemex's sample preparation facility in the city of Arequipa, where they are crushed and pulverized. Prepared samples are shipped to ALS Chemex's certified laboratory in Lima where they are analyzed for gold, copper and multi-element ICP.

Alvaro Fernandez-Baca, P.Geo, Vice President Exploration for AQM Copper Inc. and the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Bruce Turner, President and CEO

ABOUT AQM Copper: AQM Copper (formerly Apoquindo Minerals) is a Canadian based mineral exploration company developing copper deposits in South America. Through its wholly owned Peruvian subsidiary, Minera AQM Peru SAC, the Company is developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru. Minera AQM Peru SAC is the operator of a 50/50 JV with Teck Resources Limited through a sole purpose Peruvian company formed for Zafranal as announced in its press release on July 8, 2010. Management and directors have extensive experience working for the world's largest mining Copper producers. Please refer to the Company's website for further information regarding the Company and its projects.

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