Mineral Resources Increase At Chester Project

TORONTO - Canadian Copper Inc. reported a new Mineral Resource Estimate (MRE) for the Chester Copper Project located in New Brunswick, Canada.

"The MRE is an excellent milestone in our value enhancing and systematic de-risking initiatives for the Chester Project. Our exploration efforts to date have improved our understanding of the geologic model and resulted in a larger and more robust copper resource. Regional exploration continues at the Chester Project which will help build on this growing copper resource. Presently, 80% of the resources are within 100 meters of surface at +1% Cu grade, and the deposit remains open along strike and at depth,“ said, Simon Quick, CEO.

Mineral Resource Estimate Highlights: Indicated Mineral Resources: 4.866 million tonnes ("Mt") at a grade of 1.13% copper, containing 120.28 million pounds ("Mlbs") of copper, with potential by-product of 13.66 Mlbs lead, 10.52 Mlbs zinc, 69,000 ounces of silver, or potentially 7.51 Mlbs of in situ copper equivalent ("CuEq”); and Inferred Mineral Resources: 1.819 million tonnes ("Mt") at a grade of 1.01% copper, containing 38.35 million pounds ("Mlbs") of copper, with potential by-product of 3.17 Mlbs lead, 1.57 Mlbs zinc, or potentially 1.35 Mlbs of copper equivalent ("CuEq”). Based on hole C21:07 which is a 200-meter step-out to any previous drilling, complete block model evaluation to define drill targets that will future test extensions of the MRE both at depth and along strike. Several high-grade copper veinlets up to 3.55% Cu within a copper envelop grading 0.2% Cu over 83.90 meters confirming the extensions to the Stringer Zone at depth. A metallurgical characterization test program is underway at RPC Science & Engineering based in Fredericton, New Brunswick which is partially funded through The National Research Council of Canada Industrial Research Assistance Program ("NRC IRAP"). The objectives of this metallurgical program are to improve our beneficiation understanding and investigate recovery opportunities for the Central and the East Zones at Chester.

The company will use conceptual open pit mine planning to further identify value enhancing opportunities of this outcropping VMS deposit. Specifically, this effort will assist in our next exploration program planning to define drill targets that will further improve economics as-well as upgrade historic drilling that is excluded from this MRE including additional by-product metal domains. The Chester Project will continue with investigating of mineralization amenability to bulk ore sorting technology as means to improve deposit economics.