Copper Lake Signs Exploration Agreements with Aroland and Animbiigoo Zaagi'igan Anishinaabek First Nations for its Marshall Lake Copper-Zinc-Silver-Gold VMS Property
News Release No: 25-01
Copper Lake Signs Exploration Agreements with Aroland and
Animbiigoo Zaagi'igan Anishinaabek First Nations for its Marshall
Lake Copper-Zinc-Silver-Gold VMS Property
February 27, 2025 – Toronto, ON - Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI,
OTC: WTCZF) (“Copper Lake” or the “Company”) i s pleased to announce that it has signed
exploration agreements with Aroland and Animbiigoo Zaagi'igan Anishinaabek (" AZA") First
Nations (the " Exploration Agreements "), outlining a framework for collaboration on the
Exploration Program for the Marshall Lake Copper -Zinc-Silver-Gold VMS Property (the
"Property") (Figure 1).
Figure 1 – Regional location and claim boundaries for the Marshall Lake Property
Copper Lake recognizes the significance of the affected lands to the First Nations. As part of the
Exploration Agreements, the First Nations have provided their consent for the Company's
exploration activities. The Exploration Agreements contain measures to accommodate,
compensate, prevent, mitigate and address concerns, including impacts to Indigenous rights,
cultural values, and the environment in relation to Copper Lake’s exploration programs.
Copper Lakes's CEO, Terry MacDonald , CPA, CA, commented, "These agreements solidify our
mutually beneficial working relationship with the communities in whose traditional territories we
are advancing our exploration efforts. As part of Copper Lake’s commitment to work
collaboratively and respectfully with all Indigenous peoples, we are aligned with their commitment
to protect and enhance the resource -based economy in their traditional territories. These
Exploration Agreements come in a very timely manner, as we have just been granted new
exploration permits and plan to expand the exploration work in areas of the property where
previous drilling has identified several zones yielding significant copper -zinc-silver intercepts in
historical diamond drilling. These areas include the Teck Hill-Gazooma and Gazooma North-RM-
Lease target areas (see Figure 1). Such target areas have returned shallow drill intercepts of
2.05% copper, 33 g/t silver & 0.31 g/t gold over 26.9 metres as well as 1.38% copper, 54.0 g/t
silver & 0.10 g/t gold over 43.0 metres , respectively (see Figure 1). Drilling at all of these
occurrences has been very shallow, largely within 150 metres from surface."
Figure 1 Priority Targets for 2025 Exploration
Appointment of Chief Financial Officer
The Company announces that David McDonald has resigned as CFO of the Company in order to
pursue other activities. Paul Mcgroary has been appointed as CFO in the interim. Mr. Mcgroary
is a Director of the Company and was the CFO prior to the appointment of Mr. McDonald in 2022.
The Company wishes to thank Mr. McDonald for his service over the past two years.
QUALIFIED PERSON
Donald Hoy, M. Sc., P. Geo. Copper Lake’s Vice President of Exploration, is the Qualified Person
responsible for the technical content contained in this news release.
ABOUT COPPER LAKE RESOURCES
Copper Lake Resources Ltd. is a publicly traded Canadian mineral exploration and development
company with interests in two projects both located in Ontario. www.copperlakeresources.com
The Marshall Lake high-grade VMS copper, zinc, silver and gold project, comprises an area of
approximately 220 square km located 120 km north of Geraldton, Ontario and is just 22 km north
of the main CNR rail line. Copper Lake has an 82.97% interest in the joint ventured property,
which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells
staked in 2018 and 2020 that are 100% owned and not subject to any royalties. These newer claims
add approximately 30 square km to the property.
In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas
Lake and Summit Lake properties, which are 100% owned by the Company and are not subject to
any royalties. The Sollas Lake property consists of 20 claim cells comprising an area of 4 square
km on the east side of the Marshall Lake property where historical EM airborne geophysical
surveys have outlined strong conductors on the property hosted within the same favorable felsic
volcanic units. The Summit Lake property currently consists of 100 claim cells comprising an area
of 20.5 square km, is accessible year -round, and is located immediately west of the original
Marshall Lake property. The Marshall Lake project is located in the traditional territories of
Aroland and Animbiigoo Zaagi’igan Anishinaabek (“AZA”) First Nations.
Copper Lake has a 69.79% joint venture interest in the Norton Lake nickel, copper, cobalt, and
palladium PGM property, located in the southern Ring of Fire area, is approximately 100 km north
of the Marshall Lake Property. The Company filed an updated NI 43- 101 in October 2023 with a
mineral resource of open pit and underground Measured + Indicated Resources of 1,795,000
tonnes at an average grade of 0.72% NI, 0.69% Cu, 339 ppm Co, 0.52 g/t Pd, 0.17 g/t Pt and
containing 28.3Mlbs of nickel and 27.3Mlbs of copper. The Norton Lake property is located in
the traditional territories of Eabametoong (“Fort Hope”) and Neskantaga First Nations.
On behalf of the Board of Directors,
Copper Lake Resources Ltd.
Terry MacDonald, CEO
(416) 561-3626
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the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.