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Copper Lake Announces Results of Annual General Meeting

Shareholder Meetings

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News Release No: 18-01

COPPER LAKE ANNOUNCES RESULTS OF ANNUAL GENERAL

MEETING

January 3, 2018 - Toronto, ON - Copper Lake Resources Ltd. (TSX -V: CPL, Frankfurt: W0I)

("Copper Lake" or the "Company") is pleased to announce the results from its Annual General

Meeting held on December 18, 2017 in Toronto, Ontario, which had a turnout in person or by

proxy of 26.93% of its issued and outstanding shares. All of management’s nominees for

directors being Terrence MacDonald, Jeffery Malaihollo, Paul Mcgroary, Gary O’Connor and

Edward Yurkowsky were approved by shareholders. All resolutions were approved as proposed

by more than 99% of the shares voted.

Terry MacDonald, CEO commented “We would like to take this opportunity to thank our

shareholders and all stakeholders for their support over the past year. As we enter 2018 we are

very excited to finally begin the next stage of drilling the primary targets to advance our

Marshall Lake property.”

For more information on these matters, please refer to Copper Lake’s Information Circular,

available on SEDAR (www.sedar.com) or visit our website at www.copperlakeresources.com.

About Copper Lake Resources

Copper Lake Resources Ltd. is a publicly traded Cana dian company currently focused on

advancing two significant properties located in Ontario, Canada:

1. The Marshall Lake VMS copper, zinc, silver and gold property is an advanced exploration

stage property located 120 km north of Geraldton, Ontario via good all weather gravel road

from the Trans-Canada Highway and just 22 km north of the main CNR rail line.

Copper Lake currently has a 68.75% interest in the property and has the option to increase its

interest to 75% by incurring additional expenditures of $595,000 by July 15, 2018. The

Company can further increase its interest to 87.5% by taking the project to bankable

feasibility stage.

2. The Norton Lake nickel, copper, PGM property (69.79%) is located in the southern Ring of

Fire area, app roximately 100 km north of the Ma rshall Lake property, and has a NI 43-

101compliant measured and indicated resource of 2.26 million tonnes @ 0.67% Ni, 0.61%

Cu, 0.03% Co and 0.46 g/t Pd.

On behalf of the Board of Directors,

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“Terrence MacDonald”

Chief Executive Officer and Director

www.copperlakeresources.com

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 release.