(Formerly, Fort Chimo Minerals Inc.)

MAG COPPER LIMITED

(Formerly, Fort Chimo Minerals Inc.)

105 Airdrie Road Toronto, ON M4G 1M4

NEWS RELEASE

June 14, 2011 CNSX: FCM-CN For Immediate Release Shares Outstanding: 96,164,028 Toronto, Canada

CHANGE OF NAME AND SHARE CONSOLIDATION

June 14, 2011 – Fort Chimo Minerals Inc. (the “Company”) (CNSX: FCM-CN) is pleased to announce that pursuant to articles of amendment dated June 9, 2011, Fort Chimo Minerals Inc. has changed its name to “Mag Copper Limited” and consolidated its common shares on the basis of one new common share for five old common shares. As a result, the previously issued and outstanding 96,164,028 common shares of the Company have been consolidated into 19,232,805 common shares of the Company.

The common shares of the Company will begin trading under its new name and on a consolidated basis on June 17, 2011 under the trading symbol “QUE”.

The Company has completed a private placement of 7,700,000 Units for gross proceeds of $385,000. Each unit comprised of one common share and one half of a warrant. Each whole warrant will entitle the holder to acquire one common share at a price of $0.10 for a period of 18 months from the date of issuance. The financing is subject to regulatory approval.

The Canadian National Stock Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Not for dissemination in the United States of America.

For further information contact:

James M. Brady Mag Copper Limited, Director Telephone: (416) 361-2832 Facsimile: (416) 423-9325