AQM Copper Inc. (TSX VENTURE:AQM) (BVL:AQM) ("AQM" or the "Company") is pleased
to announce that it intends to complete a non-brokered private placement
consisting of an aggregate of up to 36,363,636 common shares in the capital of
the Company at a price of $0.11 per common share for total gross proceeds of up
to $4,000,000 (the "Private Placement"). 


The proceeds from the Private Placement will be used for funding general working
capital. Certain insiders of the Company may participate in the Private
Placement and the Private Placement may also be subject to a finder's fee
payable in accordance with industry rates. 


The Private Placement is expected to close on or around October 31, 2013,
subject to regulatory approval. All common shares issued pursuant to the Private
Placement will be subject to a statutory hold period of four months and one day
from the closing date of the Private Placement.


On Behalf of the Board 

Bruce L. Turner, President and Chief Executive Officer

About AQM Copper

AQM Copper Inc. is a Canadian based mineral exploration company exploring and
developing copper deposits in South America. Through its Peruvian subsidiary,
Minera AQM Copper Peru S.A.C. ("MAQM"), the Company is developing the Zafranal
Copper-Gold Porphyry Project located in Southern Peru (the "Zafranal Project").
MAQM is the operator of a 50/50 joint venture with Teck Resources Limited
through a sole purpose Peruvian company, Compania Minera Zafranal. MAQM is owned
60% by AQM, and 40% by Mitsubishi Materials Corporation, pursuant to a
transaction outlined in the Company's news release of July 2, 2013. As such, the
Company has a 30% beneficial ownership interest in the Zafranal Project. 


The Company's management and directors have extensive experience working for the
world's largest mining copper producers and investment banking backgrounds.
Please refer to the Company's website at www.aqmcopper.com for further
information regarding the Company and the Zafranal Project. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


Cautionary Note Regarding Forward Looking Information

Except for statements of historical fact relating to AQM Copper Inc., certain
information contained herein constitutes "forward-looking statements".
Forward-looking statements include statements that are predictive in nature,
depend upon or refer to future events or conditions, or include words such as
"expects", "anticipates", "plans", "believes", "considers", "intends",
"targets", or negative versions thereof and other similar expressions, or future
or conditional verbs such as "may", "will", "should", "would", and "could". We
provide forward-looking statements for the purpose of conveying information
about our current expectations and plans relating to the future and readers are
cautioned that such statements may not be appropriate for other purposes. By its
nature, this information is subject to inherent risks and uncertainties that may
be general or specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove to be
accurate, that assumptions may not be correct and that objectives, strategic
goals and priorities will not be achieved. These risks and uncertainties include
but are not limited to those identified and reported in AQM Copper Inc's public
filings, which may be accessed at www.sedar.com. Other than as specifically
required by law, the Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made, or to reflect the occurrence of unanticipated
events, whether as a result of new information, future events, results or
otherwise. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Spyros P. Karellas
Pinnacle Capital Markets LTD.
(416) 433-5696
(416) 800-8921
spyros@pinnaclecapitalmarkets.ca