Ongoing Phase Three Drill Program At Copper Creek Project

VANCOUVER - Faraday Copper Corp. reported on five drill holes from its ongoing Phase III drill program at the Copper Creek Project, located in Arizona. Two holes were drilled in the American Eagle area, two in the Rum area and one was a reconnaissance hole east of Area 51.

Paul Harbidge, President and CEO, said, "It is exciting to see that our on-going drill program continues to deliver positive results. These results confirm additional near-surface mineralization above the existing resource in the American Eagle area, including the identification of high-grade copper at the Boomerang breccia. Moreover, significant copper was identified in veins outside the breccia domains. All fifteen drill holes, reported in the American Eagle area to date, have intersected copper mineralization above cutoff grade 1 with numerous high-grade zones present. Additionally, drilling has demonstrated exploration potential well outside of the resource area, including east of Area 51 and at depth in the Rum area."

Two drill holes, FCD-24-077 and FCD-24-082, expand the known near-surface mineralization in the American Eagle area. Drill hole FCD-24-082 intersected mineralization in the Prada breccia and the results demonstrate that the Boomerang breccia is mineralized at depth. Significant intercepts include: 1) At Prada, 118.28 metres ("m") at 0.30% copper and 1.14 grams per tonne ("g/t") silver from 168.92 m, including 22.54 m at 0.53% copper and 1.39 g/t silver from 213.83 m. 2) At Boomerang, 109.42 m at 0.41% copper, 0.007% molybdenum, and 1.24 g/t silver from 417.90 m, including 40.06 m at 0.78% copper, 0.018% molybdenum, and 2.28 g/t silver from 459.08 m.

North of the American Eagle breccia, drill hole FCD-24-077 intersected 197.20 m at 0.22% copper and 0.77 g/t silver from 25.37 m, including 16.11 m at 0.45% copper and 1.35 g/t silver from 86.00 m. Mineralization in this area is largely vein-hosted, confirming that copper is not restricted to breccias. A reconnaissance drill hole east of Area 51 identified silver-rich skarn and vein-hosted mineralization over 58.08 m at 19.10 g/t silver from surface, including 8.90 m at 42.84 g/t silver and 0.34% copper from 47.23 m.

The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m and is host to numerous prospective breccias and porphyries which have strong copper geochemical signatures. These surface expressions locate above the large underground porphyry mineral resource, which is approximately 500 m to 1,100 m depth below surface. Historically, the near-surface mineralization was not adequately tested as previous drilling was vertical to steeply inclined. Mapped geology, isolated historical drill intercepts and historical small-scale mining highlight the potential for near-surface mineralization. The Company has reported assay results for fifteen drill holes from this area as part of the current program. These results provide a broad framework of the geology, structure, and alteration and confirm the potential for significant near-surface copper mineralization. Drilling continues in the area to test additional undrilled breccias and follow-up drilling on recent discoveries.

Drill hole FCD-24-077 was collared approximately 110 m northeast of the American Eagle breccia. It was drilled to the northwest to test the northern extent of the American Eagle breccia. The hole intersected dominantly granodiorite with intervals of porphyry and breccia. Porphyry was intersected from 20 m to 55 m, from 93 m to 106 m, from 141 m to 148 m, 171 m to 184 m and 248 m to 279 m. Breccia intervals are present from 106 m to 110 m, 152 m to 171 m and 289 m to 300 m. Alteration throughout the hole is dominated by sericite and kaolinite with breccia intervals characterized by sericite and tourmaline. Mineralization occurs as chalcopyrite with pyrite in vein zones cross cutting granodiorite and porphyry and to a lesser degree in breccia cement.

Drill hole FCD-24-082 was collared approximately 100 m southwest of the Prada breccia and drilled to the northeast to test the Prada and the Boomerang breccias (Figures 2 to 5). The hole intersected granodiorite from surface to 160 m, hydrothermal breccia to 300 m, followed by porphyry to 342 m. From 342 m to 445 m the dominant lithology is igneous cemented breccia, and from 445 m to 515 m it is hydrothermal breccia. The hole ends in granodiorite. Alteration throughout the hole is dominated by sericite and kaolinite with breccia intervals characterized by sericite and tourmaline. Mineralization occurs as chalcopyrite with pyrite in breccia cement and veins.

The Rum area is located approximately 700 m northwest of the resource area. It features several breccias and porphyries intruding Glory Hole volcanics over an area of approximately 250 m by 400 m, with copper oxide mineralization observed at surface. A recent drill hole (FCD-24-078) intersected 57.73 m at 0.85% copper from surface.

Drill hole FCD-24-080 was collared near the Rum breccia and drilled to the south, testing the Rum South breccia and porphyry. The hole starts in porphyry and intersected breccia from 26 m to 83 m. It entered Glory Hole volcanics to the end of the hole except for a porphyry interval from 125 m to 169 m and hydrothermal breccia from 218 m to 228 m. Alteration is dominantly kaolinite and sericite in the breccia and porphyry intervals and chlorite in the Glory Hole volcanics. Copper mineralization consists of oxide minerals and is restricted to the first 80 m of the hole. Elevated silver values of up to 20.6 g/t are recorded from 25 m to 36 m.

Drill hole FCD-24-083 was collared 100 m west of the Rum South breccia and drilled towards the east. The hole intersected Glory Hole volcanics from surface to 128 m and entered hydrothermal breccia to 202 m. After crossing a fault, it intersected porphyry to the end of the hole. Alteration associated with breccia is kaolinite and sericite with subordinate chlorite. The breccia contains pyrite associated with 0.8 g/t silver and anomalous tellurium and bismuth, suggesting potential for copper mineralization at depth.

The Eastern Area 51, located 500 m northeast of Area 51, is dominated by Proterozoic sedimentary rocks, including skarn altered limestone and quartzite. These rocks are intruded by porphyry and breccias. A steeply southeast dipping vein cross cutting porphyry is documented. Surface grab samples from this vein have up to 0.7% silver and 8% copper. Additional dril.

Drill hole FCD-24-079 is a reconnaissance hole testing the vein and adjacent rocks for copper and precious metal mineralization. The hole starts in Proterozoic limestone with skarn alteration to 10 m, followed by quartzite to 21 m, porphyry to 151 m and granodiorite to the end of the hole. The vein zone was intersected from 48 m to 51 m. Hematite related to weathering is abundant from surface to 145 m. Elevated silver has been identified from surface to 58 m with the vein zone containing up to 153 g/t silver. Copper mineralization occurs as oxide and is restricted to the vein zone and adjacent wall rock.

Phase III drilling continues with the current focus on near-surface mineralization in the American Eagle and Rum areas. To date, through the combined Phase II and Phase III drill programs, which are not included in the Mineral Resource Estimate, the Company has released results from 73 drill holes as follows: 46 drill holes were drilled on new targets that are entirely outside of the resource boundary; 20 drill holes were step-out holes testing extensions to the mineral resource; and 7 drill holes were drilled within the resource area, targeting expansion of the higher-grade cores.

The Company has conducted over 30,000 metres of incremental drilling beyond the current Mineral Resource Estimate, with the new targets representing a significant opportunity to enhance the project value.