Global Copper Group Announces B.C. Rambo Property Acquisition

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2015) - Global Copper Group Inc. (TSX VENTURE:ICU) (formerly known as Galaxy Graphite Corp.) is pleased to announce that it has signed an option to purchase the Rambo property (the "Property") subject to regulatory acceptance. The Property consists of 1474 Hectares, and is located in south central British Columbia approximately 75 km north of Kamloops. The Property is considered to be highly prospective for hosting volcanogenic massive sulphide (VMS) with high grade Cu + Zn-Ag-Au mineralization. The property is readily accessible by a series of forestry roads.

The geological setting appears to be identical to the Chu Chua, which lies immediately to the north of the Property. The Chu Chua is owned my Newport Exploration Ltd. and hosts a NI 43-101 compliant Inferred Mineral Resource of 2.5 million tonnes averaging 2.04% Cu. 0.33% Zn, 9.41 g/t Ag and 0.48 g/t Au (with a cut-off grade of 1.0% Cu) (Technical Report dated August 15, 2014 - filed on SEDAR by Newport Exploration Ltd.).

The Chu Chua property is underlain by the Mississippian to Permian-aged Fennell Formation. The deposit is hosted by the Upper Structural Division of the Fennell, and comprises pillowed to massive basalt flows, diabase sills, argillite and rare chert. Deformation in the Fennell is not intense. The formation has been regionally metamorphosed to lower greenschist facies. Massive sulphide mineralization occurs vertical to near-vertical lenses, with chalcopyrite being the main copper mineral.

The option has been acquired subject to the payment of $15,000.00 CDN and the issuance of 1.4 million shares. Of which $5000.00 is payable on signing, followed by a $10,000.00 CDN payment and an aggregate 700,000 common shares upon exchange approval, in addition incur $100,000 in exploration expenditures followed by a further 700,000 common shares on or before 18 months from the effective date. The project is subject to a 2% NSR.

"This is the first step towards Global Copper pursuing top quality copper prospects," Daniel Caamano, President & CEO, commented. "The Company has implemented a strict policy with regards to what Global Copper's technical team requires, in order to consider copper projects. The Rambo property meets our criteria and, upon Exchange approval and weather permitting, Global Copper will begin preliminary exploration on the Property. In addition, Global Copper continues to actively pursue other identified opportunities ranging from raw exploration prospects to advanced stage assets."