ICS Abandons Mokambo Property

Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems
Ltd. (ICX:TSX.V) Following an evaluation of the NI 43- 101 Report
prepared by Coffey Mining on the sulphide mineral resource, and a
verbal report from Coffey Mining on the oxide drilling program, the
Board is of the opinion that the grade and the tonnage of the
sulphide resource and oxide deposit will not support a mining
operation and that further drilling will not significantly increase
tonnage and grade. Results of the evaluation of the sulphide resource
and the 43-101 report prepared by Coffey Mining have previously been
reported on and Coffey Mining advise that "results of the mineral
resource modeling have indicated that there will be insufficient
tonnage and metal concentration and recoveries for the project to be
viable."

The Board has therefore decided to abandon the Mokambo project.
Further expenditures will therefore be minimized and the option
agreement with NW Plant Hire has been terminated through an
intentional default. The equipment currently on site will be
dismantled and stored on company owned property located at Murundu,
approximately 6 kilometers from the Mokambo Site pending
redeployment.

The capitalized mineral property expenditures and non-moveable
equipment related to Mokambo totaling CDN$7.9 million at October 31,
2008 will be written-off in the Company's 2nd quarter financial
statements to January 31, 2009 and the necessary material change
filing with the BCSC will be undertaken.

President and CEO of ICS, Graham Chisholm comments: "This was a
difficult decision which followed the disappointments coming from
delays in the drilling program and results that were poorer than what
we anticipated. We believe that abandoning the Mokambo property is
the right decision and in the best interests of our company. We look
forward to moving on to new projects which include two separate
tailings projects that have recently come to our attention."

Kathleen Body, Pr.Sci.Nat., of Coffey Mining and an independent
qualified person under NI 43-101, has approved the information in
this news release.

Tailings Opportunities

The Company has been approached by two different investor groups
to consider developing separate tailings projects in the Kitwe area
using the Company's EMEW electrowinning equipment, crushers, acid
tank storage, generators and other mobile equipment and the Company's
management and Board is currently assessing these opportunities.

AGM and New Board Structure

The Company's AGM took place on Dec 29th at 10:30am. At this
meeting a resolution was passed by disinterested shareholders
approving the re-pricing of 2,150,000 stock options to Directors and
Officers to an exercise price of CDN$0.10. It was also announced that
Messrs Whitelaw, Makepeace and Smale have resigned from the Board.
The Board recorded their thanks to all of these individuals for their
contributions to the company, and in particular to Mr. Mel Smale for
his past role as Director and Chairman and wished him every success
in his retirement.

The Company was also pleased to make the appointment of Stephen
Peter Gregory to the Board of Directors. Mr. Gregory is a registered
Professional Engineer with a B.Sc. in Mining Engineering from the
University of the Witwatersrand. He has 28 years experience in the
mining industry including 12 years with Anglo American Corporation in
numerous production and technical management positions on large gold,
nickel, copper and chromite operations.

Stock options were granted to Stephen Gregory under the Company's
2006 Incentive Stock Option Plan, there are 2,971,387 options
available to purchase Common Shares of the Company. The Company has
previously issued 2,150,000 options to Directors and Officers. On
December 29th, 2008 the Company issued a further 200,000 options to
Stephen Gregory at an exercise price of CDN$0.10 per share. These
options will expire on December 29th, 2013. The Company has 621,387
options remaining for issuance under the plan.

ICS COPPER SYSTEMS LTD. Signed "Graham Chisholm" Graham Chisholm,
President & CEO

This release includes certain statements that are
"forward-looking statements". All statements in this release, other
than statements of historical facts that address future exploration,
development and production activities, and other circumstances,
events and developments that the Company expects, are forward-looking
statements. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results, events and developments may differ
materially from those in the forward-looking statements. The
occurrence of certain risk factors, the probability of which is
unknown, may also affect actual results, events and developments
expected by the Company.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

For further information:
Graham Chisholm,
graham@icscopper.com,
Office: +1-604-859-3007,
Cell: +1-604-302-0746,
Web Page: http://www.icscopper.com

ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746