Ongoing Program Expands Mineralization In American Eagle Area

VANCOUVER - Faraday Copper Corp. reported on six drill holes from its ongoing Phase III drill program at the Copper Creek Project, located in Arizona. Five holes were drilled in the American Eagle area and one at Old Reliable.

Paul Harbidge, President and CEO, said, "These latest drill hole results continue to expand the near-surface mineralization in the American Eagle area. These include the first results from the Jailhouse breccia, which are starting to fill the gap between Mammoth and the American Eagle area. Currently, Mammoth represents the largest portion of the open pit resource and the American Eagle area is demonstrating a similar potential. It is particularly exciting to see not only the high-grade breccias, but also the broad zones of porphyry style mineralization, which supports the potential for maintaining a low strip ratio.

As we continue to receive excellent drill results in the American Eagle area, we expect a data cut-off later in the first quarter and the delivery of the updated technical study in the second half of 2025."

Drilling in the American Eagle area continues to demonstrate that newly identified near-surface copper mineralization is present in both high-grade breccias and porphyry-style veins. In the American Eagle area, west of the Banjo breccia, drill hole FCD-24-091 intersected 304.40 metres ("m") at 0.35% copper and 0.87 grams per tonne ("g/t") silver from 170.09 m, including 47.95 m at 0.74% copper and 1.15 g/t silver from 180.42 m: 1) The mineralization in this drill hole is contained in porphyry-style veins as well as in breccia. 2) Additional intercepts of porphyry-style vein mineralization in this hole include 15.69 m at 0.29% copper from 8.39 m and 29.74 m at 0.30% copper from 108.54 m.

West of the American Eagle breccia, drill hole FCD-24-088 intersected 131.36 m at 0.47% copper and 1.18 g/t silver from 382.81 m (290 m from surface), including 68.13 m at 0.65% copper and 1.51 g/t silver from 394.29 m. The mineralization in this drill hole is contained in breccia and porphyry-style veins.

At the Jailhouse breccia, the first drill hole in this new target, FCD-24-081, intersected 84.83 m at 0.39% copper and 0.98 g/t silver from 34.96 m, including 39.60 m at 0.68% copper and 1.56 g/t silver from 77.00 m. The hole was terminated in strongly mineralized breccia due to mechanical issues. Follow-up drilling is underway. Jailhouse breccia drill results begin to fill the gap between Mammoth and the American Eagle area, offering additional open pit resource potential, while maintaining a low strip ratio.