Quadra Commences Operations At Carlota

VANCOUVER, BC - Quadra Mining Ltd. reported production of 38.6 million pounds of copper and 30,629 ounces of gold from its 100% owned Robinson Mine for the third quarter of 2008 and the commencement of leaching activities at Carlota, the Company's second copper mine in the Southwest United States.
Application of leaching solutions has started at Carlota with the objective of producing copper cathode prior to the end of the year. Pit operations are functioning at near full capacity and the processing plant and supporting infrastructure is awaiting solutions from the Run-of-Mine leach pad.
Paul Blythe, President & CEO of Quadra said, "Copper and gold production at Robinson continued on track and as planned, and we have every expectation of meeting or exceeding our annual guidance for the operation. Mill feed was a mixture of hypogene and supergene ore and our blending strategy delivered copper and gold recoveries, and concentrate grades as per our expectations.
Production for the third quarter was lower than the first two quarters of the year as called for by the mine plan, but the sales volumes were higher. The strong negative sentiment to copper and commodities generally resulted in a month end copper price of $2.91, a drop of a dollar compared to the price at the start of the quarter. The mark to market implications will have a significant downward effect on our earnings for the quarter."
Blythe said, "We are pleased to commence leaching activities at Carlota and expect to produce copper cathode before the end of the year. The construction of our second mine being on schedule and substantially within budget during difficult market conditions is a significant achievement. This accomplishment is a tribute to the capability and commitment of our site management plus our engineering and construction contractors."
The company's address is Suite 2000 - 1177 West Hastings Street, Vancouver, BC V6E 2K3, 604-689-8550, fax: 604-689-8556.