CPER.V · 2023-09-05 12:00:00

Encouraging Copper Results from Maiden Scout Drill Program at Dora Prospect

Exploration Programs

Encouraging Copper Results from Maiden

Scout Drill Program at Dora Prospect

Vancouver, British Columbia--(Newsfile Corp. - September 5, 2023) - CopperCorp Resources Inc.

(TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to report assay results

from its maiden scout drilling program at the Dora prospect located in the Skyline Project, western

Tasmania, Australia.

Summary

Results received for the Company's maiden drill program designed as a scout concept test of the

5km-long outcropping mineralization system at the Dora prospect

1,2

. The scout program is the first

drilling to target the under-explored trend and was co-funded by the Tasmanian government under

their Exploration Drilling Grant Incentive (EDGI) scheme.

Two diamond core holes (D3-001 and D2-002) totalling 788.7m drilled on the Dora 3 target testing

outcropping Cu-Au anomalies. The target concept was confirmed with both holes intersecting

broad zones of anomalous IOCG-style copper mineralization.

Best intercepts include:

29.0m @ 0.18 % Cu

from 248m, including

4.0m @ 0.46% Cu and 0.12g/t Au and 31.4g/t

from 249m (D3-001).

34.0m @ 0.12% Cu

from 212m (D3-002).

Copper mineralization comprising disseminated, breccia, and vein style chalcopyrite in moderate

to strongly magnetite-chlorite to potassic (k-feldspar) altered host rocks. The intensity of alteration

and mineralization and generally low tenure of copper grades possibly indicates that the holes

intersected the lower-grade, less intense parts of a larger IOCG system.

The results are highly encouraging and emphasize the exploration potential at the Dora prospect

and greater Skyline project area and further exploration work is being planned to expand the

Company's understanding of the potential of this system.

Stephen Swatton, President and CEO of CopperCorp, commented:

"This limited drill program at the Dora has confirmed the presence of IOCG style mineralization at the

Dora prospect. On a district scale, the larger IOCG system is interpreted to extend over a strike length

of some 95km - over which the Company holds a dominant land position including the newly acquired

and highly prospective Razorback Project

The IOCG system has genetic connections with the world

class Mount Lyell copper deposit (see figure 2). Further drilling at Dora had to be postponed due to

challenging and atypical weather conditions encountered for the duration of the drilling contract. This

first scout program has proved proof of concept and Dora warrants further exploration and drilling as

this limited program has barely tested the target."

Skyline Project

The Skyline Project (EL16/2018) covers 97 km

of prospective ground along the eastern margin of the

highly mineralized Cambrian-aged Mount Read Volcanics (MRV) belt. Two large-scale operating mines

lay within 5 km of the project - the Mt Lyell Cu-Au deposit (3 Mt Cu and 3 Moz Au @ 1.0% Cu and 0.3g/t

Au)

, and the Henty Au deposit (1.64 Moz Au @ 12.5 g/t Au)

At the Dora prospect a northwest trending zone of highly prospective outcropping Cu-Au mineralization

extends over a strike length of approximately 5km

. Despite evidence for a potentially significant Cu-Au

system at Dora, the area had previously remained untested by drilling. CopperCorp identified four

priority target areas at Dora

, with two of the target areas (Dora 2 and Dora 3) originally selected for

initial drilling

Only the Dora 3 target area was tested by drilling as the program was cut short due to

adverse weather conditions and associated logistical issues.

Exploration Concept

The Mount Read Volcanics (MRV) is an arcuate belt of Cambrian aged calc-alkaline volcanic sequences

and broadly co-magmatic granitoid intrusives. It is host to several world-class polymetallic base metal,

Cu-Au, and Au-only deposits. The MRV formed in sub-marine rift basins related to a post-subduction

extensional tectonic regime during the Middle Cambrian Tyennan-Delamerian Orogeny.

CopperCorp has recognized a large, district-scale magmatic-hydrothermal IOCG style Cu-Au and REE

system is developed along the eastern margin of the MRV belt associated with a spine of Cambrian

aged magnetite-series, K-Ba-REE rich, alkaline granitoid-porphyry intrusives that drive the

mineralization system. The regional tectonic setting (post-collisional/back-arc setting), calc-alkaline

volcanic host rocks and style of Cu-Au mineralization/alteration of the MRV can be broadly compared

with the Andean Coastal Cordillera IOCG belt which hosts numerous large Cu-Au deposits such as

Candelaria (470Mt @ 0.95% Cu, 0.22g/t Au).

The exploration potential of the IOCG system is illustrated by historical drill intercepts into IOCG style

mineralization at CopperCorp's recently acquired Razorback Project

including

13.4m @ 1.6% Cu and

1.6g/t Au

from 61.6m (drillhole JP2)

at the Jukes prospect. Potential for rare earth element (REE)

mineralization is also recognized with previous exploration drilling returning REE intercepts of

30.0m @

2.1% TREO

(drillhole SDD005)

, and anomalous REE's in surface rock chip sampling up to

16.2%

TREO

at the South Darwin prospect with limited follow-up exploration.

Drilling Results

Dora 3 Target Area

The Dora 3 target area comprises an elongate zone, some +500m in strike length (open), of outcropping

mineralization in an altered volcaniclastic host rock sequence. Anomalous assays from rock sampling in

the Dora 3 area has included up to 1.03% Cu with 0.4g/t Au, 21g/t Ag and 0.13% Zn

1,2

The Company completed a scout drilling program at the Dora 3 target comprising 2 drill holes for a total

of 788.7m. Drilling was designed to test for IOCG style mineralization highlighted by surface mapping

and geochemistry. No previous drilling had been undertaken in the target area.

Both drill holes intersected multiple zones of low-grade disseminated and vein style chalcopyrite

mineralization (see Figures 4-6). Elevated values of gold, silver, lead and zinc are associated with the

copper mineralization. Mineralized assay intervals for D3-001 and D3-002 are detailed in Table 2 and

include best results of:

D3-001:

29.0m @ 0.18 % Cu

from 248m, including

4.0m @ 0.46% Cu and 0.12g/t Au and 31.4g/t Ag

from 249m.

D3-002:

34.0m @ 0.12% Cu

from 212m (D3-002).

Host rock lithology in the drill holes comprises quartz-feldspar-phyric rhyolites, diverse felsic

volcaniclastic rocks, feldspar-biotite-hornblende-phyric andesites and related mafic-intermediate

volcaniclastic rocks.

Both holes intersected similar styles of hydrothermal alteration including K-feldspar-

chlorite, chlorite-magnetite-pyrite, and sericite-chlorite-carbonate alteration facies.

Copper

mineralization in the form of disseminated, blebby and whispy stringer-vein chalcopyrite is predominantly

associated with the chlorite-magnetite alteration zones.

The alteration types and mineralization styles in the Dora drill holes are consistent with those observed

elsewhere in the district-scale MRV IOCG system and also in IOCG terrains worldwide.

At the

Company's recently acquired Razorback Project, high-grade Cu-Au and REE intercepts in historical

drilling is associated with similar host rocks and alteration/mineralization styles as observed in the Dora

prospect holes.

Deep levels of the Mt Lyell copper-gold system (3Mt contained copper) are also known

to contain zones of significant magnetite contents that have been previously interpreted to have affinities

with Razorback style mineralization.

Other Business

New Tenements Granted

As previously reported (refs) the Company previously submitted tenement applications for EL15/2022

(Whiskey Creek Project) and EL8/2023 (Razorback Project).

Both these tenements have now been

granted and the Company looks forward to providing further information and updates on these

tenements in the near future.

Drill Hole Location Data

Hole ID

Easting

Northing

Elevation (m)

Azimuth

Inclination

Depth (m)

D3-001

387745

5354686

765

240

-50

392.5

D3-002

387745

5354686

765

290

-60

396.2

Table 1. Dora 3 target area CopperCorp drill hole location and summary data (this news release).

Significant Mineralized Intervals (0.1% Cu cut-off)

Hole Number

From (m)

To (m)

Interval (m)

Cu (%)

Au (g/t)

Ag (g/t)

Pb (%)

Zn (%)

D3-001

133.0

136.0

3.0

0.13

0.02

1.8

0.004

0.04

D3-001

152.0

159.0

7.0

0.11

0.03

6.3

0.04

0.08

D3-001

214.0

228.0

14.0

0.13

0.03

6.5

0.12

0.3

D3-001

248.0

277.0

29.0

0.18

0.04

16.0

0.23

including

249.0

253.0

4.0

0.46

0.12

31.4

0.45

0.51

and

272.0

277.0

5.0

0.24

0.05

43.3

0.48

0.18

D3-002

212.0

246.0

34.0

0.12

0.03

2.3

0.03

0.11

including

234.0

236.0

2.0

0.36

0.2

6.6

0.26

0.36

275.0

291.0

16.0

0.10

0.02

4.5

0.11

0.10

302.0

303.0

1.0

0.18

0.37

4.0

0.05

0.04

Table 2: Dora 3 target area significant drillhole mineralized intercepts reported in this news release.

Reported grades are calculated as down-hole length weighted averages. A 0.1% Cu lower cut-off

grade is applied. Intercepts are downhole intervals.

Figure 1. Location plan showing CopperCorp's exploration licenses and project areas in western

Tasmania, Australia.