Filing Of NI 43-101 Technical Report For EL16/2018 Walford Peak

VANCOUVER - CopperCorp Resources Inc. has filed a Technical Report for its Skyline Project, Tasmania. EL16/2018 covers 97 km2 of prospective ground along the eastern margin of the highly mineralized Cambrian calc-alkaline volcanic arc of the Mount Read Volcanics belt. Two large-scale operating mines lay within 5 km of the project - the Mt Lyell Cu-Au deposit (3 Mt Cu and 3 Moz Au @ 1.0% Cu and 0.3g/t Au), and the Henty Au deposit (1.64 Moz Au @ 12.5 g/t Au). The project was acquired by the Company through its acquisition of Georgina Resources Pty Ltd in November 2020.

The Technical Report documents and confirms the results of historical prospecting and exploration activities completed by previous owners of the property and recent data compilation, review and exploration targeting work completed by the Company. It also provides additional information on the project's history, regional geology, mineralization styles and exploration targets, and provides recommendations for exploration work.

EL18/2016 is concluded to be prospective for magmatic-related iron-oxide-copper-gold (IOCG) deposits and hybrid magmatic-hydrothermal IOCG-porphyry-epithermal style deposits. Potential for alkalic porphyry Cu-Au styles of deposits is also recognized. Evidence collected to date supports a theory that Cu-Au mineralization in the eastern Mount Read Volcanics (MRV) domain is related to magmatic-hydrothermal systems driven by a belt of mostly buried Cambrian granitoid intrusives that extend along the eastern margin of the MRV, east of the Henty fault.

Granite-proximal mineralization and alteration styles in the eastern Mt Read Volcanics are recognized to be similar to magmatic-related IOCG systems and broad comparisons can be made with the IOCG systems of the Cretaceous Andean Coastal Cordillera. There are a total of 40 known historical prospects within the tenement. Results of data compilation and review work completed for EL16/2018 has grouped the prospects together into prioritized exploration target zones.