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CopperCorp Commences Second Drill Hole At Jukes Cu-Au Prospect

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Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to provide an update on its diamond drilling program1 at the Jukes Zone target area (Jukes prospect) on its 100% owned Razorback Copper-Gold-REE property in western Tasmania, Australia (Figures 1 and 2).

The first diamond drill hole at the Jukes prospect, JDD001 (Figures 3 and 4), was successfully completed to a depth of 214m on 18th September. Drilling of a second diamond drill hole, JDD002, has commenced from the same pad as JDD001 (Figure 4). JDD002 is drilling on the same azimuth as JDD001 but at a steeper angle and will test for extension of mineralisation approximately 70m below JDD001 and 120m below historical underground workings (Jukes No.3 adit - Figure 4).

Logging and sampling of the JDD001 drill core is well underway with samples from priority zone 71-146m already at the laboratory with the remainder of the hole (146-214m) on schedule to be sampled and despatched mid-week. First assay results are anticipated within 2-3 weeks. The Company looks forward to providing further updates as assays are received and drilling progresses.

Geological logging indicates that JDD001 successfully intersected zones of chlorite-magnetite alteration rock with sulphide mineralization. Assay results are awaited to confirm the extent and grade of the mineralization. The JDD001 collar remains cased in order to allow for potential extension of the hole.

The planned drilling program at Jukes comprises an initial 2 diamond drill holes totalling 400m. The drill holes are designed to target depth extensions to high-grade Cu-Au mineralization recently sampled3 in underground historical Jukes No. 3 Main Adit (31.0m @ 1.48% Cu and 0.83g/t Au, including 9.0m @ 2.92% Cu and 1.79g/t Au) and will test the current interpretation that these high-grade mineralized zones occur associated with NNW-trending fault structures, and in particular at the intersection of these structures with the NE-trending Jukes fault. Pending initial information and results, these drill holes may be extended to test deeper parts of the Jukes system.

The Company currently has approvals in place to drill up to 1,320m from 4 drill sites at Jukes and may extend the drill program depending on results of the initial holes and/or other ongoing work (including prospect-scale geophysical data reviews and surface sampling programs).

About the Jukes Prospect

The Jukes prospect is located within the 100% owned Razorback Cu-Au-REE property, 10km south of the Sibanye-Stillwater owned Mt Lyell copper-gold mining camp. Recent work by CopperCorp, including 3D inversion modelling of magnetic and gravity data indicates a vertically extensive pipe-like magnetic feature with a partially coincident to off-set residual gravity anomaly at Jukes2. The position of the magnetic and gravity anomalies adjacent to large fertile fault structures is considered highly prospective for structurally controlled mineralized pipes typical of the Mt Lyell system where anomalous gravity features occur associated with larger mineralized pipe bodies that have depth extensive chlorite-magnetite-apatite-biotite alteration zones (e.g. Prince Lyell and Western Tharsis orebodies)2 (Figure 5).