Copper Canyon Sues NovaGold for 100% Interest in the Copper Canyon Property and Applies to Cease Trade Novagold's Hostile Takeov

Copper Canyon Resources Ltd. ("Copper Canyon" or the "Company") (TSX
VENTURE:CPY) has filed a Notice of Civil Claim in British Columbia Supreme Court
against NovaGold Resources Inc. ("NovaGold") and NovaGold Canada Inc. ("NovaGold
Canada") seeking specific performance of its right of first refusal to acquire
the Copper Canyon property. Copper Canyon has also applied to the British
Columbia Securities Commission seeking to cease trade NovaGold's hostile
takeover bid for all of the outstanding Copper Canyon shares (the "NovaGold
Offer").


Law Suit for 100% Interest in the Copper Canyon Property 

Pursuant to an Option Agreement and a Joint Venture Agreement with NovaGold
Canada, Copper Canyon has a right of first refusal to purchase NovaGold Canada's
60% interest in the Copper Canyon property prior to sale of such interest to a
third party. NovaGold has disclosed in the NovaGold Offer and in its previous
public disclosure documents that it holds its 60% interest in the Copper Canyon
property in trust for the Galore Creek Partnership, a 50/50 partnership between
NovaGold and Teck Resources Limited. Since NovaGold has transferred its
beneficial interest in the Copper Canyon Property to the Galore Creek
Partnership without first honouring Copper Canyon's right of first refusal,
Copper Canyon has commenced a law suit against NovaGold and NovaGold Canada
seeking a declaration that the transfer is null and void and an order that
NovaGold Canada notify Copper Canyon of the price and terms of such transfer so
that Copper Canyon can exercise its right of first refusal.


Application to Cease Trade NovaGold's Hostile Takeover Bid

The Company has also applied to the British Columbia Securities Commission
seeking an order to cease trading the NovaGold Offer on the basis that it fails
to disclose material information to Copper Canyon Shareholders. This material
information includes the current Optimized Development Plan for the Galore Creek
Project, which locates strategic infrastructure necessary for the Galore Creek
Project on the Copper Canyon property. This material information also includes
the fact that the Galore Creek Partnership is the beneficial owner of NovaGold
Canada's 60% interest in the Copper Canyon property.


The Board Reaffirms its Recommendation that Shareholders REJECT the NovaGold Offer

The board of directors of Copper Canyon continues to reaffirm its unanimous
recommendation that Copper Canyon shareholders REJECT the NovaGold Offer, and
NOT TENDER their shares to the NovaGold Offer. Further details on the Board's
recommendation are contained in the Directors' Circular, which has been filed on
the SEDAR website at www.sedar.com.


How to WITHDRAW Copper Canyon Shares from the NovaGold Offer

Copper Canyon shareholders who have deposited Copper Canyon shares under the
NovaGold Offer are urged to withdraw those Copper Canyon shares. Please see the
Directors' Circular for instructions with respect to withdrawing your Copper
Canyon shares or, for additional information or assistance, please contact Mike
Labach at 1 866 HUNT-ORE (486-8673).


The Board intends to communicate further with Copper Canyon shareholders prior
to the expiry of the NovaGold Offer as and when material matters should arise.


About Copper Canyon

Copper Canyon Resources was created by way of a Plan of Arrangement on June 9,
2006. Shareholders of Eagle Plains Resources Ltd. (TSX VENTURE:EPL) approved the
plan to reorganize the company's mineral property assets in an effort to
maximize shareholder value. Under the terms of the arrangement, three of Eagle
Plain's projects: Copper Canyon, Severance and Abo (Harrison) Gold, were
transferred into Copper Canyon.


On behalf of the Board of Directors

Tim J. Termuende, President and CEO

This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.