Caribou Copper Resources Ltd. announces exercise of over-allotment option

OTTAWA , Oct. 1 /CNW Telbec/ - Caribou Copper Resources Ltd. (the "Corporation") (TSXV: CKR) (formerly YOW Capital Corp.) announced today that it has received notice from Investpro Securities Inc. (the "Agent") on September 29, 2009 that the Agent has exercised their over-allotment option to purchase an additional 308,000 units ("Units") of the Corporation at a price of $0.15 per Unit for gross proceeds of $46,200 (the "Over-Allotment Option"). Each Unit comprises one common share ("Common Share") and one-half of a warrant (a "Warrant") and each whole Warrant entitles the holder to purchase one Common Share at a price of $0.25 until September 1, 2010 and at $0.35 thereafter until September 1, 2011 . The closing of the Over-Allotment Option is expected to occur on or about October 9, 2009 .

The over-allotment option was granted to the Agent by the Corporation to cover over-allotments and for market stabilization purposes in connection with the Corporation's public offering of Units completed on September 1, 2009 .

Further information concerning the Corporation and the Over-Allotment Option can be found in the Corporation's prospectus dated August 11, 2009 and in the Corporation's other filings available on SEDAR at www.sedar.com.

    
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%SEDAR: 00026664E

For further information: Mr. Paul Barbeau, Caribou Copper Resources Ltd., 950 Gladstone Avenue, Suite 120, Ottawa, Ontario, K1Y 3E6, [phone] (tel), [phone] (fax)