Jamaica Approves Transfer of Key Licences to Carube Copper Carube Copper Corp. (CUC:TSXV) Jeff Ackert, President and CEO is pl eased to confirm that Carube Copper

FOR IMMEDIATE RELEASE

OTTAWA, ONTARIO

April 17, 2017

Jamaica Approves Transfer of Key Licences to Carube Copper

Carube Copper Corp. (CUC:TSXV) Jeff Ackert, President and CEO is pl eased to confirm that Carube Copper

has received the official transfer documents from the Ja maican Ministry of Transportation and Mines for seven

Special Exploration and Prospecting Licences previously held by OZ Minerals. Carube Copper now has 100%

ownership of eleven Licenses covering 535 square kilometres in Jamaica.

Mr. Ackert emphasized, “Now that the Licenses ar e 100% in the company’s name, we can move

forward with aggressive exploration programs on our flagship Bellas Gate Project and the newly

acquired highly prospective licences. Armed with the $14M exploration data package from OZ Minerals

as well as our recently closed $1.6M financing, we plan to start our programs immediately.”

Figure 1: Carube Copper’s 100% owned licences in Jamaica totalling 535 square kilometres.

Jamaica is a highly favourable, stable jurisdiction fo r exploration and mining with strong support from the

relevant Ministry as well as the Commissioner of Min es and Geology. The country’s Cretaceous aged inliers

host numerous copper and gold porphyry occurrences.

To date, Carube Copper has identified seven porphyry centres at the Bellas Gate Project alone. Many

identified prospective areas on all Licenses have yet to be drill tested. Drill results have indicated strong and

consistent mineralization in well altered porphyry style sequences. Highlights of drilled intersections are

given in the following table.

Table 1. Selected drill intersections from the Bellas Gate project

Hole ID Zone From To Interval Cu (%) Au (g/t) CuEq (%)

CON-14-001 Connors 39 299 (EOH) 260 0.44 0.19 0.55

Including 75 299 (EOH) 224 0.49 0.22 0.61

Including 91 198 107 0.59 0.34 0.78

CON-14-003 Connors 34 331 297 0.4 0.24 0.53

Including 57 189 132 0.5 0.38 0.70

Including 86 141 55 0.67 0.59 1.00

Including 252 321 69 0.55 0.22 0.68

Including 279 306 27 0.85 0.32 1.03

CON-14-005 Connors 7 301 294 0.41 0.27 0.56

Including 7 103 96 0.68 0.57 1.00

Including 181 254 73 0.48 0.21 0.60

PVT-16-001* Provost 29 111.1 (EOH) 82.1 0.37 0.16 0.46

including 61 111.1 50.1 0.4 0.19 0.51

and including 82 111.1 29.1 0.49 0.24 0.63

PVT-16-002 Provost 29 368.15(EOH) 339.15 0.28 0.12 0.34

including 80 93 13 0.41 0.16 0.50

including 138 148 10 1.28 0.90 1.79

including 189 204 15 0.38 0.24 0.52

CH12-007 Camel 47 254 207 0.27 0.15 0.35

Including 192 206 14 0.46 0.34 0.66

The reported intervals do not necessarily indicate true width of mineralization, as its geometry is not known . Intervals calculated using

unlimited internal dilution. Copper equivalents are calculat ed using a US $3.00/lb. copper and a US$1200 per ounce gold price

assuming 100% recovery of both metals. For a full description of QC on matters pertaini ng to assaying of drill hole, please ref er to

press release dated October 7, 2014 and January 14, 2015 on the company’s web-site or its SEDAR filings.

For the company’s high priority drilling plans at Bellas Gate, please refer to press release dated January 12, 2017.

For a review of the exciting news on the co mpany’s Main Ridge project see press release dated March 6, 2017 .

For more details on the acquisition of the OZ Minerals licences see press release dated January 11, 2017

—END PRESS RELEASE —

Contacts

Jeff Ackert, President and CEO • 1-613-839-3258 • [email protected]

Vern Rampton, Executive VP of Corporate Development • 1-613-839-3258 • [email protected]

Alar Soever, Chairman • 1-705-682-9297 • [email protected]

www.carubecopper.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)

accepts responsibility for the adequacy or accuracy of this release.

QP Statement: This press release has been reviewed and approved by Dr. Vern Rampton, P. Eng. in his capacity

as a qualified person as defined under NI 43-101.

Carube Copper Corp. (CUC:TSXV) is a Canadian exploration compan y focused on the exploration and

development of copper and gold projects in Jamai ca and Canada. In Jamaica, Carube Copper holds a 100%

interest in 11 licences, totalling 535 square kilometres. In Canada, it holds a 100% interest in three porphyry

copper-gold-molybdenum properties, totalling 593 square kilometres within the Tertiary-aged Cascade Magmatic

Arc in southwestern British Columbia. Exploration conti nues on these properties with the goal of joint-venturing

them to larger exploration and mining companies. Car ube Copper continues to seek opportunities in Canada and

the Caribbean for acquisition and development.

DISCLAIMER & FORWARD LOOKING STATEMENTS

This news release includes certain “f orward-looking statements” which are not comprised of historical facts.

Forward-looking statements are based on assumptions and address future events and conditions, and by their very

nature involve inherent risks and uncertainties. Alt hough these statements are based on currently available

information, Carube Copper Corp. provides no assurance that actual results will meet management’s expectations.

Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR. Undue

reliance should not be placed on “forward looking statements.”

IMPORTANT NOTICE: By reference herewith, Carube Copper in corporates into this release the entire

disclaimer set forth on its website at http://carubecopper.com/disclaimer.htm