WEC.V · 2022-06-30

Three Valley Copper Announces Director Resignations and Results of Annual and Special Meeting of Shareholders

Management Changes Shareholder Meetings

FOR IMMEDIATE RELEASE

Three Valley Copper Announces Director Resignations and Results of Annual and Special Meeting of Shareholders

TORONTO, June 30, 2022 (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper”
or the “Company”) announced today that its 2022 annual general and special meeting of shareholders
(the “Meeting”) concluded without a quorum after being adjourned from the original meeting date of
June 22, 2022. In addition, immediately after the Meeting, Messrs. Liu and Smith resigned from the Board
of Directors (the “Board”) reflecting the intended result of the Meeting should quorum had been met, as
set out in the Company’s management information circular dated May 20, 2022 (the “Meeting
Information Circular”).
At the time the Meeting was continued earlier today, proxies had been submitted by shareholders
representing approximately 21.5% of the Company’s common shares outstanding and entitled to vote,
which did not constitute the requisite 25% quorum. As a result,		all matters set out in the	Meeting
Information Circular of	the Company could not be acted upon. Given the minimal number of
proxies received since the date of the originally scheduled Meeting on June 22, 2022, the Board did not
believe a further adjournment of the Meeting would be sufficient to reach the quorum requisite for the
Meeting. As such, the Meeting was cancelled and not adjourned until a later date. The Company will call
another shareholders’ meeting to elect directors, appoint its auditor, amend the by-laws related to
quorum for shareholders’ meetings and conduct other special business, if any, in due course.
As a result of not meeting quorum for the Meeting, the current slate of directors continues as does the
auditor of the Company. The Meeting Information Circular contemplated Messrs. Liu and Smith not
standing for re-election and in support of this, Messrs. Liu and Smith today stepped down from the Board
reflecting the intent of the Board composition as outlined in the Meeting Information Circular.
“On behalf of our Board and TVC’s management team, we thank David and Bo for their outstanding service
and commitment to the Company,” stated Terry Lyons, Chairman of the Board. “We greatly appreciate
the leadership, insight and expertise that each of David and Bo provided over the last several years and
wish them well in their future endeavors.”

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on copper production from its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

For further information:

Michael Staresinic President and Chief Executive Officer T: (416) 943-7107 E: [email protected]

Renmark Financial Communications Inc.

Joshua Lavers: [email protected] T: (416) 644-2020 or (212) 812-7680 www.renmarkfinancial.com

Source: Three Valley Copper Corp

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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