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Coppernico Announces Nomination of MJ McQuhae for Director and Appoints Gordon Fretwell as Lead Independent Director

Management Changes

COPPERNICOMETALS.COM | 1

Coppernico Announces Nomination of MJ McQuhae for

Director and Appoints Gordon Fretwell as Lead Independent

Director

Vancouver, Canada – July 15, 2024 – Coppernico Metals Inc. (“Coppernico” or the “Company”) is pleased to

announce the nomination of Mary -Jane “MJ” McQuhae, MBA, to stand for election as d irector at the

Company’s upcoming annual general meeting to be held on August 21 st, 2024 . The Company is also

announcing that Gordon Fretwell has been appointed as Lead Independent Director.

Ms. McQuhae is a highly experienced Program and Operations Executive with over 25 years in leading

major business transformations and operational improvements. Most recently she served as the Vice

President of Project Centre of Excellence at BHP, where she oversaw a global team of 800+ employees and

facilitated an $8 billion annual capital portfolio. During her time with BHP, Ms. McQuhae also held the role

of Vice President of Project Controls and Analysis, where she streamlined project processes and built a

strong talent pipeline while focusing on reducing project cycle times . Her leadership at BHP led to

significant project efficiencies and cost savings.

Prior to BHP, Ms. McQuhae acted as Managing Partner at Elevare Consulting Group where she drove

substantial savings for clients like Xcel Energy and AngloAmerican through innovative program

management and operational analysis. She has also held senior roles at Anglo American and Newmont

Mining Corporation, where she successfully controlled major capital projects and developed investment

decision-making frameworks that enhanced safety and efficiency.

Ms. McQuhae holds an MBA from the University of Denver and a Bachelor of Arts , graduating with

academic distinction from the University of Colorado. Known for her servant leadership style, Ms. McQuhae

focuses on empowering her teams and driving cultural change to achieve business success.

Mr. Fretwell has been a director of Coppernico since its inception and brings over 35 years of extensive legal

and corporate governance expertise . He currently also serves on the board of several public companies,

including Canada Rare Earth Corp., RE Royalties Ltd, and Pucara Gold Ltd . Formerly a partner in a large

Vancouver law firm, Mr. Fretwell has, since 1991, been a self -employed solicitor through the Gordon J.

Fretwell Law Corporation in Vancouver, practicing primarily in the areas of corporate and securities law.

Ms. McQuhae commented, "I am honored to join the Coppernico board and eager to collaborate with the

team to drive the Company's strategic initiatives. Together, we will work to improve operational efficiencies

and enhance the portfolio. In a time when metal discoveries are crucia l, I am excited to help position

Coppernico as a leader. I look forward to contributing to the advancement of the promising Sombrero

Project and supporting the potential expansion through other high-quality ventures."

COPPERNICOMETALS.COM | 2

Ivan Bebek, CEO and Chair of Coppernico, stated, “On behalf of the Board, we are thrilled to welcome MJ

to Coppernico as a board nominee. MJ’s top of industry experience and background with some of the

largest mining companies in the world compliments and strengthens our board ’s capabilities. Her

presence at the board level will be an instrumental pillar of our strategy to think longer term as we work to

build an advanced copper exploration company pursuing world-class copper projects in South America.

Gordon's extensive expertise in corporate governance and securities law and business acumen has

benefited the Company, and its predecessor Auryn Resources, throughout his 11-year tenure with us, and

we look forward to working with Gordon in his role as lead independent director.”

The Company is nearing the completion of preparations for its inaugural drill program, which is anticipated

to commence imminently. Concurrently, Coppernico continues to progress the listing of its shares on a

Canadian stock exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

Ivan Bebek

Chair & CEO

For further information, please contact:

Coppernico Metals Inc.

Phone: +1 778 729 0600

Email: [email protected]

Website: www.coppernicometals.com

Twitter: @CoppernicoMetal

LinkedIn: www.linkedin.com/company/coppernico-metals/

About Coppernico

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders

through careful project evaluation and exploration excellence in pursuit of the discovery of world -class

copper-gold deposits in South America. The Comp any’s management and technical teams have a

successful track record of raising capital, discovery and the monetization of exploration successes. The

Company, through its Peruvian subsidiary Sombrero Minerales S.A.C. , is currently focused on the

Ccascabamba (previously referred to as Sombrero Main) and Nioc areas within the Sombrero Project in

Peru, its flagship project, and is reviewing additional premium projects in South America.

The Sombrero Project is a land package of approximately 10 2,000 hectares located in the north -western

margins of the world -class Andahuaylas -Yauri trend in Peru . It consists of a number of prospective

exploration targets characterized by copper-gold skarn and porphyry systems, and precious metal

epithermal deposits. The Company’s NI 43-101 technical report, with an effective date of April 17, 2024, and

as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba (previously referred to as Sombrero Main)

and Nioc target areas of the project. Coppernico is currently an unlisted public reporting issuer. The

Company i s seeking a listing on a recognized stock exchange. For more information, please visit

www.coppernicometals.com.