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To: LoneClone who wrote (17621)	4/11/2008 9:38:13 PM
From: LoneClone	Read Replies (1) \| Respond to of 193929

Stingray Copper Inc.: Starter Pit Drilling Complete and Metallurgical Program Underway at El Pilar, Mexico Fri Apr 11, 1:27 PM ca.news.finance.yahoo.com TORONTO, ONTARIO--(Marketwire - April 11, 2008) - Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. ("Stingray")(TSX: SRY.TO)(TSX: SRY-WT.TO) reports that these additional (18) holes, drilled to infill and expand the Starter Pit Area at the north margin of the El Pilar resource, complete the drilling of this approximate half square kilometer area. Material from these drill holes has been analyzed and composited to represent the material that is expected to be mined from the Starter Pit Area as has been determined from the Company's geological/resource modeling. This metallurgical program is ultimately designed to optimize copper recovery and sulphuric acid consumption in the copper leaching process. The complete metallurgical program is being conducted by Metcon Research Inc. The results reported from 18 new drill holes completed on drill sections 9150 North, 9250 North and 9300 North complete the infill drilling of the Starter Pit Area. The drill holes reported continue to intersect wide intervals of oxidized copper mineralization similar in character to the previous wide spaced (200 meter) drill results completed by former property owner, Noranda Exploracion Mexico S.A. de C.V. (Xstrata Copper). These holes are posted at the Company's website and a map of the hole locations can be found at the link below or at the Company's website; stingraycopper.com Copper intervals reported in Table 1 reflect approximate true widths and the principal copper mineral intersected at El Pilar is chrysocolla occurring as intrusive fragments in the host conglomerate. The resource outcrops at the north, and is flat lying to shallowly dipping to the southwest. All drill core samples herein reported have been logged by the Company's staff under the direction of the Company's geologists and were delivered for assaying and metallurgical testwork to Metcon Research Inc. of Tucson Arizona. Table 1: Inferred Mineral Resource In-Fill Drill Results ---------------------------------------------------------------------------- Grade Section Easting Hole From (m) To (m) Interval (m) (Total Copper %) ---------------------------------------------------------------------------- 9300 1950 S08-160 38.7 51.0 12.3 0.25 ---------------------------------------------------------------------------- 2050 S08-161 114.5 116.9 2.4 1.76 ---------------------------------------------------------------------------- 2150 S08-162 86.5 107.0 20.5 0.33 ---------------------------------------------------------------------------- No 2250 S08-163 Drilled outside resource model Significant Values ---------------------------------------------------------------------------- No 9250N 1600 S08-158 Drilled outside resource model Significant Values ---------------------------------------------------------------------------- No 1700 S08-159 Drilled outside resource model Significant Values ---------------------------------------------------------------------------- 1950 S07-153 98.45 166.9 68.45 0.39 ---------------------------------------------------------------------------- 2050 S07-154 93.0 131.2 38.2 0.34 ---------------------------------------------------------------------------- 2150 S07-155 13.5 78.8 65.3 0.37 ---------------------------------------------------------------------------- 2250 S07-156 34.0 95.5 61.5 0.52 ---------------------------------------------------------------------------- 2350 S07-157 36.5 74.2 37.7 0.30 ---------------------------------------------------------------------------- 9150N 1750 S07-146 0 46.8 46.8 0.85 ---------------------------------------------------------------------------- 1850 S07-147 10.5 58.0 47.5 0.41 ---------------------------------------------------------------------------- and 211.0 244.7 33.7 0.99 ---------------------------------------------------------------------------- 1950 S07-148 0 89.8 89.8 0.59 ---------------------------------------------------------------------------- 2050 S07-149 27.0 124.55 97.55 0.39 ---------------------------------------------------------------------------- 2150 S07-150 34.85 164.35 129.50 0.44 ---------------------------------------------------------------------------- 2250 S07-151 46.2 92.5 46.3 0.32 ---------------------------------------------------------------------------- and 127.0 185.6 58.6 0.32 ---------------------------------------------------------------------------- 2350 S07-152 36.35 81.2 44.85 0.16 ---------------------------------------------------------------------------- and 124.6 158.2 33.6 0.25 ---------------------------------------------------------------------------- Stingray has now reported 98 drill holes completed on 17 drill sections from 9300 North to 8200 North. Stingray has drilled over 170 holes on 100 meter drill section spacing and also at 50 meter drill section spacing in the Starter Pit Area. Two drill rigs continue to test the oxidized copper mineralization with vertical, HQ sized drill holes. The NI43-101 compliant inferred mineral resource of 180 million tonnes grading 0.37% total copper calculated at a cutoff of 0.25% total copper is being systematically drilled at minimum 100 meter drill centers along its current 1.2 kilometer length and approximate 500 meter width. At a lower cut-off of 0.20% total copper, the inferred mineral resource is 237 million tonnes grading 0.33% total copper. Stingray is working to reclassify the inferred mineral resource and develop the El Pilar as an open pit, heap leach, solvent extraction-electrowinning (SX-EW) copper mine. Stingray expects to recalculate the El Pilar resource after the completion of the drill program. Socio-Economic Study As part of the ongoing technical/feasibility assessment of the El Pilar project, Consultant Patricia Aguayo Hurtado has delivered a Socio-Economic Study to the Company. This extensive study was conducted over 2 months by Datos y Cifras del Noroeste, S.A. de C.V., who specialize in opinion polls and market studies. An interview process that included the total population of the nearest town of Miguel Hidalgo and representative population samples of Santa Cruz, Mascarenas and smaller communities all within a 10 kilometer radius of the El Pilar project was conducted. The general opinion of all people living in the area is in favor of the El Pilar project. In the nearest community of Miguel Hidalgo, 95% of the people surveyed are in favor of the project. The principal concerns of the local people are the lack of employment opportunities, education and services. Stingray is determined to be considerate of the needs and desires of the local communities and will strive to address these concerns. The Company's intent is to always have a positive impact on the stakeholders at El Pilar. Stingray is well financed, with approximately $20M in the treasury, to carry out the current technical assessment of the El Pilar copper resource. Stingray has been adding the key, experienced professionals needed to the engineering team that is busy directing these technical studies. Peter Mordaunt, P.Geo is the Qualified Person responsible for the technical content of this release. TSX Symbol: Common Shares - "SRY" Issued: 58,725,982 common shares Warrants - "SRY.WT" 20,850,000 warrants Certain Statements presented herein may constitute "forward-looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business. Contacts Steve Brunelle Stingray Copper Inc. Vice President (416) 368-6240 Peter Mordaunt Stingray Copper Inc. CEO & Chairman (416) 368-6240 Website: www.stingraycopper.com