Definitive Agreement Executed To Consolidate Lordsburg Porphyry Copper Mining District in New Mexico

VANCOUVER - Cirrus Gold Corp. has entered into a definitive asset purchase agreement (APA) with Pyramid Peak Mining, LLC (PPM), and Mason Resources (US) Inc., to acquire the Lordsburg Property in New Mexico. The Acquisition will result in a 'fundamental change of business' of Cirrus in accordance with the policies of the Canadian Securities Exchange (the "CSE").

In connection with the closing of the Acquisition, Cirrus will change its name to "American Copper Development Corporation", and to trade under the ticker symbol "ACDX".

Rick Van Nieuwenhuyse comments: "It has taken a lot of effort over several years to put this deal together and consolidate this 50 square mile land position in this exciting porphyry copper district surrounded by major copper producers. The Lordsburg district has produced gold-?silver from high grade epithermal veins as well as lead-zinc and most importantly high-grade copper from the deeper levels of historic workings. There is strong district-scale zoning of the metals indicating that there are several areas where copper rich classic "D" veins (quartz-kspar-sericite-chalcopyrite) have been historically mined and intersected in drilling from underground. Historic drill intersections range from 2 to 3 meters grading 3% to 9% copper plus significant precious metals. These "D" veins typically occur above and adjacent to productive porphyry systems. American Copper has engaged Quantec Geoscience to complete a detailed Induced Polarization survey across approximately 30 square miles of the district. In addition, detailed airborne magnetic, magnetotelluric and LIDAR surveys are also planned. These high-quality geophysical surveys will be used in combination with detailed geologic surface mapping, underground geology based on historic mapping and drilling to target a deep-seated porphyry and/or skarn-related mineralization. Lordsburg is located in the heart of the southwest porphyry copper province - the most productive copper province in the United States. We are excited to undertake the first modern exploration program to discover a large porphyry copper-related deposit. It's the right place and the right time - let's Rock-n-Roll!"