Ics Copper Systems Ltd. Announces $1,000,000 Financing

Abbotsford, B.C. - ICS COPPER SYSTEMS LTD. (ICX:TSX.V) is pleased  to announce that it has

entered into a financing agreement with Canaccord Capital Corporation (the “Agent”) for a private

placement of up to 1,000,000 Units at a price of $1.00 per Unit for gross proceeds of $1,000,000.  Each

Unit is comprised of one common share and one-half of one transferable share purchase warrant.  Each

whole warrant will entitle the holder to acquire one additional common share at a price of $ 1.50 per

share for a period of 24 months following the closing of the financing. 

  

Upon closing, the company shall pay Canaccord Capital Corporation 8% of the gross proceeds raised,

payable in cash, and Agent’s Warrants equal to 10% of the units sold under the offering. Each Agent’s

Warrant shall be exercisable for one common share for a period of 24 months from closing at $1.50 per

share.  

The Company plans to use the net proceeds of this financing primarily for advancement of its

Mokambo Project in Zambia and for general corporate purposes.

The Offering is scheduled to close on or about May 31, 2007, and is subject to certain conditions

including, but not limited to, the receipt of all necessary approvals including approval of the TSX

Venture Exchange.