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ITR.V ·

MAG Copper Grants Stock Options

Share Capital & Compensation

Toronto, Ontario – May 14, 2013 – Mag Copper Limited (“Mag Copper” or the “Company”) (“QUE”- CNSX) announces that it has granted an aggregate of 2,000,000 options to purchase common shares of the Company exercisable at a price of $0.05 per share and expiring on May 14, 2018, to certain directors, officers, employees and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

For more information, please contact:

Chris Irwin, President and CEO Mag Copper Limited T: (416) 361-2516 www.magcopper.com

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.

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.

Mag Copper Limited

130 Adelaide Street West, Suite 1010, Toronto, Ontario M5H 3P5