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Cautionary Statement: This press re%ase contains forward-looking statements in which we discuss factors we believe may <br />affect our performance in the future. Forward-/ooking statements are a//statements other than historical facts, such as statements <br />regarding the restart of FCX's Climax molybdenum mine. Accuracy of the forward-looking statements depends on assumptions <br />about events that change over time and is thus susceptible to periodic change based on actual experience and new deve%pments <br />FCX cautions readers that it assumes no obligation to update or publicly re%ase any revisions to the forward-/ooking statements in <br />this press re%ase and, except to the extent required by app/icable law, does not intend to update or otherwise revise the forward- <br />/ooking statements more frequent/y than quarterly. This press re%ase includes forward looking statements regarding geo%gic <br />resources not inc/uded in reserves The geo%gic resources described in this press re%ase wi/l not qualify as reserves until <br />comprehensive engineering studies establish their economic feasibility. Accordingly, no assurance can be given that the estimated <br />geo%gic resources not /nc/uded in reserves will become proven and probable reserves Important factors that might cause future <br />results to differ from these forward looking statements include mine sequencing, production rate, industry risks, commodity prices, <br />political risks, weather-related risks, labor relations, currency translation risks, the receipt and timing ofregulatory approvals for the <br />restart, the possibility that this restart wil/not occur on time and other factors described in FCX's first quarter 2007 Form 10-Q filed <br />with the Securities and Exchange Commission. <br />### <br />Freeport-McMoRan Copper & Gold <br />