CPER.V · 2022-06-08 12:00:00

Cu in Hole AP027A at Alpine, starting 34m down hole

Drill Results

CopperCorp Intersects Intervals of 54.2m @ 0.49% Cu and 106.0m @ 0.31%

(TSXV: CPER) (OTCQB: CPCPF)

VANCOUVER, BC

June 8, 2022

/CNW/ - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to

announce that it has received preliminary assay results for a further two drill holes from the Alpine Stellar Zone located in the Company's AMC Project, western

Tasmania, Australia

Highlights

1. Significant mineralized intercepts include:

Hole ID

From (m)

To (m)

Interval (m)

Cu (%)

Co (ppm)

AP026

12.0

0.38

419

AP027A

88.2

54.2

0.49

250

And

158

264

106

0.31

143

Note that true widths are uncertain. Initial interpretation by the Company is that the copper mineralization is hosted in steeply dipping zones of mineralization implying true widths in the range of 70% to 95% of reported intervals

2. These results continue to confirm the Company's interpretation of multiple continuous, broad zones of copper mineralization at the Alpine Stellar Zone, defined

to date

over a strike length of

700m

and open and to a vertical depth of

300m

and open.

3. These results are also encouraging in further confirming the trend of these mineralized zones towards the yet untested Alpine West target, scheduled to be

drilled in the next several months. Including Alpine West the prospective strike length is approximately 2.2km.

4. CopperCorp is now drilling holes to test continuity of the interpreted zones of copper mineralization to depth. Drilling is also planned to step out on these zones

along strike.

Stephen Swatton

, President and CEO of CopperCorp, stated, "Drill confirmation of the continuation of wide zones of copper mineralization in these drill holes is

very encouraging and confirms our initial interpretation that the copper rich mineralized system hosted in multiple broad, sub-parallel steeply dipping zones is

robust. This bodes well for finding further copper mineralization at Alpine Stellar Zone and other identified targets in the West and North Zones which lie

adjacent to Stellar (as reported in the

May 11

News release). Further drill results are expected to be released within the next 30 days as the laboratory

catches up on the recent backlog of samples submitted for analysis"

Alpine Prospect Drilling Update

At the time of reporting, the Company has completed drilling of 13 diamond core holes for a total of

4,387m

at the Alpine Stellar zone, with a 13

hole (AP035)

now in progress. The drill program comprises confirmation and infill holes designed to confirm historical copper grades, test continuity and extension of

mineralization, and provide geological and structural context to the mineralization.

New assay results from 2 drill holes AP026 and AP027A have been received and reviewed. Both holes were successful in intersecting significant zones of copper

mineralization (Table 2).

Location Data for Alpine Prospect Drillholes (CopperCorp)

Drillhole ID

Easting GDA94

Northing

GDA94

mRL

Final

Length (m)

Dip

Azimuth

Company

AP026

341060

5376695

170

201.9

-60

340

CopperCorp

AP027A

341391

5376711

178

264.8

-55

340

CopperCorp

Table 1. Alpine prospect CopperCorp drill hole location and summary data.

Alpine Prospect CopperCorp Drill Hole Significant Mineralized Intervals (0.1% Cu cut-off)

Prospect

Hole Number

From (m)

To (m)

Interval (m)

Cu (%)

Co (ppm)

Alpine

AP026

0.38

149

AP027A

88.2

54.2

0.49

250

158

264

106

0.31

143

Table 2: Alpine prospect significant drillhole mineralized intercepts (CopperCorp Drill Holes). Reported grades are calculated as down-hole length weighted averages. A 0.1% Cu lower cut-off grade is applied. Intercepts are downhole intervals.

AP026, representing CopperCorp's western-most hole drilled to date at the Alpine Stellar Zone, intersected variably mineralized chloritic schist and silicified

carbonate units with minor massive magnetite-pyrite±chalcopyrite mineralization present over the reported significant assay interval.

AP027A, drilled close to the central part of the Alpine Stellar Zone, intersected semi-massive banded and brecciated magnetite-pyrite-siderite±chalcopyrite

mineralization from 31.2 to

88.2m

massive to semi-massive magnetite-pyrite-carbonate and chloritic volcanics with chalcopyrite as veins and disseminations from

156.0 to

240.9m

, and quartzite with disseminated and stringer veinlet chalcopyrite mineralization from 204.9 to

268.4m

Assay results are pending for completed drill holes AP028 through to AP034.

Figure 1.

Alpine region showing completed and proposed drilling over regional total magnetic intensity image (TMI). (CNW Group/CopperCorp Resources Inc.)

Figure 2. Plan map of the Alpine Stellar Zone showing completed drillholes and the drilling-defined mineralization footprint. Background imagery comprises

greyscale first-vertical-derivative (1VD) magnetics overlain by semi-transparent psuedocolour inversion gravity model slice grid at 250m depth (below surface).

(CNW Group/CopperCorp Resources Inc.)

Figure 3. Drill section (looking northeast) showing results from AP026 at the Stellar zone, Alpine prospect.

Significant intervals are reported as downhole lengths.

(CNW Group/CopperCorp Resources Inc.)

Figure 4. Drill section (looking northeast) showing results from AP027A at the Alpine Stellar Zone, Alpine prospect.

Significant intervals are reported as downhole

lengths. (CNW Group/CopperCorp Resources Inc.)

About the Alpine Prospect

The Alpine prospect was discovered by CRA Exploration in the early 1980's after following up an airborne magnetic survey with gridding, ground magnetics, and

soil geochemistry followed by two diamond drill holes in 1985. Stellar Resources drilled a further 19 holes between 2006 and 2008. The historical, wide-spaced

drilling intersected significant IOCG-style copper mineralization, with significant intercepts including:

AP004:

38.2m

@ 0.79% Cu from

57.7m

, including

28.2m @ 1.03 % Cu from 58.7m and 41.8m @ 0.3% Cu from 111.0m

AP007:

86.0m

@ 0.50% Cu from

62.0m

AP008A:

41.0m

@ 0.48% Cu from

29.8m

AP017:

24.7m

@ 0.52% Cu from

222.0m

Mineralization at Alpine is hosted in intensely deformed and metamorphosed amphibolites, mafic and pelitic schists, graphitic phyllites and carbonates belonging to

the Bowry Formation of the Arthur Metamorphic Complex. Copper mineralization is associated with up to three sub-parallel magnetite-hematite-sulphide lenses in

strongly silica-siderite altered chlorite schists (see examples in Figures 7 and 8). Mineralization consists mainly of chalcopyrite with lesser covellite and bornite.

Additional chalcopyrite-pyrite breccia mineralization is hosted in silica-siderite altered and veined quartzites and schists adjacent to the ironstone lenses.

Anomalous levels of cobalt is associated with the copper mineralization, typically averaging 200 to 300ppm Co and locally reaching up to 0.1% Co over short

intervals.

The mineralization strikes east-northeast and dips steeply to the southeast, forming an interpreted fault-bound boudinage within the highly deformed schists of

over

600m

in strike length. Drilling completed to date indicates that the thickest part of the Stellar mineralized zone is over

100m

in width, thinning to the west and

thickening towards an interpreted faulted fold hinge in the east. The deposit remains open down dip and along strike to the west.

As previously reported

, results from recent geophysical modelling indicate that the drilled IOCG style mineralization at the Alpine Stellar Zone is defined by

coincident gravity and magnetic anomalies (see Figure 1). The model further indicates additional areas of high IOCG prospectivity indicated by coincident, partially

coincident, or offset gravity and magnetic anomalies – the Alpine West and Alpine North targets (Figures 2 & 3) which the Company plans to drill test.

About AMC Project

The AMC Project covers a total of 1,066 km

along approximately 100 km of strike length and establishes CopperCorp as the dominant owner of prospective

ground in the district. The rocks are Neoproterozoic-Cambrian age and comprise a regional-scale metamorphic structural deformation zone that is host to

widespread magnetite-sulphide-silicate alteration and mineralization indicative of a large Iron Oxide Copper Gold (IOCG)-style system and includes the Savage

River 498 Mt @ 46% DTR magnetite mine (owned by Grange Resources Limited)

and CopperCorp's Alpine copper prospect.

The Alpine prospect is located 30 km northwest of the local mining hub of Zeehan and within 5 km of two large-scale operating wind and hydro-electric energy

plants.

About CopperCorp

CopperCorp is a well-financed mineral exploration company with approximately

C$8.5M

targeting world class copper-gold discoveries in western

Tasmania,

Australia

. The Company is currently undertaking confirmation and infill drilling and ground exploration programs at the Alpine Prospect (our initial target on the

larger AMC Project, formerly the Alpine Project) where wide spaced historical drilling delineated IOCG-style mineralization over a

700m

strike length.

Figure 5. Location plan showing CopperCorp’s exploration licenses and project areas in western Tasmania, Australia. (CNW Group/CopperCorp Resources Inc.)

Quality Assurance / Quality Control on Assay Results

Full information on historical exploration activities and results at the Alpine prospect and AMC Project are included in the Technical Report (NI 43-101) dated

April 2021

. CopperCorp's diamond core drill holes are drilled at HQ and NQ core diameters using triple tube to maximize recovery. Core recovery is generally

good in mineralized zones (95-100%) with poorer recoveries associated with brittle faulting on zone margins. Sample collection is supervised by CopperCorp

geological staff. Mineralized zones are marked up for sampling by an experienced geologist. Half core is split by diamond saw on nominal

1.0m

sample lengths

while respecting geological contacts. Samples are bagged and ticketed prior to delivery by Company personnel to the ALS commercial laboratories in Burnie,

Tasmania

, for sample preparation. The half core samples are crushed to 80% passing 2mm, riffle split to 500g and then pulverized to pass 75um. Coarse

duplicate sampling is conducted every 20 samples to assess variability of the coarse crush. Cu and multi-element assay is by 4-acid digest followed by ICP-MS at

ALS laboratories by method ME-ICP61a). Au assay is by 30g fire assay at ALS laboratories by method Au-AA25. Certified reference materials (CRMs), blank

and duplicate QAQC samples are included in sample submissions at 20 sample intervals. All QAQC samples were within acceptable limits (2 standard deviations

for CRMs, duplicates <5%).

Mineralized Interval Calculations

Reported significant mineralized intervals in this news release (including for new and historical drillhole intervals) are calculated as down-hole length-weighted

intercepts using a 0.1% Cu lower cut-off grade and carry a maximum internal dilution of

(except for AP012A which has a maximum internal dilution of

The calculated intervals for historical drill holes may vary from previously reported interval calculations that used a cut-off grade of 0.3% Cu. The 0.1% Cu cut-off

grade is considered to appropriately define the boundaries of mineralized zones and provides for more balanced reporting of drilling results during the exploration

stage, enabling reporting of both low- and high-grade intercepts. No top-cut grade was applied. True widths of drill hole intercepts are yet to be determined.

Qualified Person

The Company's disclosure of technical or scientific information related to the Alpine prospect and AMC Project in this news release was reviewed and approved

Sean Westbrook

, VP Exploration for the Company. Mr. Westbrook is a Qualified Person as defined under the terms of National Instrument 43-101. This news

release also contains information about adjacent properties on which the Company does not have an interest. Information sources regarding the adjacent

properties are listed in the References section of this news release. The QP has been unable to verify the information on these adjacent properties and the

information is not necessarily indicative to the mineralization on the properties that is the subject of this news release.

References

CPER: TSXV News Release 27

April 2022.

Independent Technical Report on EL2/2018 Tasmania Australia. Prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Properties (NI43-101). Effective date: 18 April 2021.

Grange Resources Limited, 2021.

Update to Savage River Mineral Resources and Ore Reserves

, ASX Release 31 March 2021.

Additional information about CopperCorp can be found on its website:

www.coppercorpinc.com

and at

www.sedar.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain "forward-looking statements" under

applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding

beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements in this news release include, but are not limited to, statements

regarding:

that further drill holes are being planned to infill around zones of higher-grade mineralization

;

that the continuation of wide zones of mineralization is

very encouraging and confirms the Company's initial expectations that the copper rich mineralized system is robust, and that this bodes well for finding further

mineralization at Alpine Stellar Zone and other identified targets in the West and North Zones which lie adjacent to Stellar

;

that further drill results are expected

to be released within the next 30 days

;

the Company's ongoing diamond drilling program from the Alpine prospect Stellar Zone

;

and other business plans of the

Company. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those

contained in the statements, including risks related to: that the Company may experience difficulties in drilling and carrying out related work; the timing and

content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information, and other risks and

uncertainties. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the

Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company

disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise,

except as required by law.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for

the adequacy or accuracy of this release.

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SOURCE

CopperCorp Resources Inc.

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%SEDAR: 00051014E

For further information:

Stephen Swatton, President, CEO & Director, [email protected]; Alexander Muir, CFA, Manager, Investor Relations,

[email protected], 604-970-8032

CO: CopperCorp Resources Inc.

CNW 07:00e 08-JUN-22

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