Significant Scale Potential Identified At The Jukes Copper-Gold Prospect

VANCOUVER - CopperCorp Resources Inc. reported on channel and rock chip sampling at the Jukes Cu-Au prospect, Razorback license in western Tasmania, Australia. Channel sampling in an early 20th Century mine adit by CPER, with intersections of up to 9.0m @ 2.92% Cu, 1.79 g/t Au and 10.17 g/t Ag, confirm historically reported high-grade Cu-Au mineralization at the prospect.Assay results received from sampling of historical underground adits have confirmed high-grade copper-gold potential at the Jukes prospect. Results from 14 outcrop rock chip samples taken along the interpreted strike of the underground sampled mineralization include individual assays up to 46.6% Cu and 9.54g/t Au. Modelling of magnetic data suggests a magnetic pipe feature associated with the Jukes Cu-Au system extends up to 700m along strike and up to 1,400m below surface, indicating potential for the mineralization system to have significant scale. The magnetic pipe is untested by drilling.

Mineralization and alteration styles identified at Jukes, as well as the copper and gold mineral tenor are consistent with the large Mt Lyell Cu-Au system (311Mt @ 0.97% Cu and 0.31g/t Au) located 10km to the north of Jukes. The gold:copper ratio at Jukes is typically 3-4 times that of the Mt Lyell orebodies. Environmental surveys completed and initial drill program permitting approvals received.

Stephen Swatton, President and CEO, said, "The Jukes prospect is a compelling high-grade copper-gold drill target close to surface and approximately 10km south and along trend from the famous historical Mt Lyell Cu-Au mining camp. The Mt Lyell mine licenses are currently the subject of a feasibility study by Sibanye Stillwater Ltd. who report that resources of at least 1 million tonnes copper and 1 million ounces gold are still present at the site. CopperCorp's high grade, near surface mineralization at the Jukes no.3 adit, combined with a geophysical magnetic feature that extends to about 1,400 metres below surface has developed into a convincing target that has not been drill tested since a limited program undertaken some 40 years ago. The Mt Lyell camp is interpreted as a cluster of deposits with porphyry/epithermal style affinities at the upper levels of an IOCG system. Jukes is interpreted by CPER as a probable deeper extension of the same rock suite. In addition to Jukes, at least 6 other nearby prospects on 100% held ground are being investigated by CopperCorp geologists. This 25km long belt is interpreted to represent a southern extension of the prolific Mt Lyell mine copper-gold system. New interpretation by CopperCorp indicates that previous drilling at Jukes only tested the southern edge of mineralization at Jukes.

In summary the excellent work by CPER geologists has defined a 'walk up' copper-gold drill target at Jukes and preliminary work on other zones definitely shows that the mineralization across the Razorback license has the potential to be of a district wide scale. In late April the Company received permission to commence drilling Jukes with helicopter support, however, as we approach the Tasmanian winter, we have also sought permission to construct vehicle access to the initial proposed drill pads to enable year-round uninterrupted exploration."