CUEX.V · 2024-09-24 12:00:00

CopperEx Cuts 0.26 g/t Gold over 40 Meters in Follow-up Trenching Program at ADLP and Sorpresa 40.00 meters of 0.26 g/t Gold from 62.50-102.50 meters in ADLP Trench AT-19 East including: 5.00 meters of 1.06 g/t Gold (62.50-72.50 meters)

Drill Results Exploration Programs

CopperEx Cuts 0.26 g/t Gold over 40 Meters in

Follow-up Trenching Program at ADLP and

Sorpresa

40.00 meters of 0.26 g/t Gold from 62.50-102.50 meters in ADLP Trench AT-19 East

including:

5.00 meters of 1.06 g/t Gold (62.50-72.50 meters)

30.00 meters of 0.30 g/t Gold from 212.50 to 242.40 meters ADLP Trench AT-19 including

17.00 meters of 0.38 g/t Gold (212.50-230.00 meters)

And 5.00 meters of 1.00 g/t Gold (225.00-230.00 meters)

47.50 meters of 0.20 g/t Gold from 42.50-90.00 meters in Sorpresa Trench ST-10 including:

15.00 meters of 0.46 g/t Gold (42.50-57.50 meters)

7.50 meters of 0.50 g/t Gold (42.50-50.00 meters)

32.50 meters of 0.29 g/t Gold from 79.50 to 242.40 meters in Sorpresa Trench ST-13

including

5.00 meters of 0.73 g/t Gold (91.50-96.50 meters)

And 5.00 meters of 1.00 g/t Gold (225.00-230.00 meters)

Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - CopperEx Resources Corp.

(TSXV: CUEX) (the "Company" or "CopperEx") announces results from a 7,902-meter surface trenching

program at the Company's flagship Exploradora Norte Project.

A total of 29 trenches and 28 test pits

were excavated at the Agua de la Piedra ("ADLP"; 6,650 meters ) and Sorpresa (1,252 meters)

prospects at

Franja del Oro Target,

part of a 15-kilometer-long gold enrichment trend that represents

one of several| gold-copper enriched magmatic hydrothermal centers on the 20,800-hectare

Exploradora Norte Project, located in the Eocene-Oligocene porphyry-epithermal belt in Northern Chile

(Figure 1, Tables 1 and 2).

Dave Prins, President & CEO of CopperEx

stated, "

The results of the trenching campaign at

Exploradora Norte more accurately define the distribution of gold mineralization at ADLP and

Sorpresa which will be used to guide upcoming diamond drilling designed to expand the gold

mineralized footprint defined by CopperEx's highly successfully inaugural RC drilling program

completed earlier this year."

Highlights:

CopperEx completed 7,902 meters of Trenching at Sorpresa and ADLP as part of a larger

investigation into the 15 x 3-kilometer Franja del Oro target located on the northwestern

quadrant of the Exploradora Norte Property.

The distribution of favorable host rocks, alteration and geochemical anomalism at surface supports

continued drilling within and external to the high-priority ADLP and Sorpresa zones

CopperEx has an Option Agreement for the 20,800-hectare Exploradora Norte property, to earn a 65%

ownership interest, with a preferred option to earn an additional 35%. The property is located along the

prolific West Fissure fault system in northern Chile, north of El Salvador and south of Escondida at 3,400

meters above sea level in the Chilean pre-cordillera. The property has a year-round operating climate

with good access.

Figure 1. Trench and drill hole locations at the ADLP, Oreganito and Sorpresa zones within the Franja

del Oro Target

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/10257/223965_7df96afc642a7a97_002full.jpg

Trenching Program

The surface trenching program was designed to follow up the CopperEx highly successful inaugural

2024 RC drill program at the Franja del Oro target which focused on the ADLP and Sorpresa zones

which are parallel altered and gold mineralized zones that form a trend measuring 15 kilometers by 3

kilometers (Figure 1, Tables 1-3).

Surface trenching was undertaken with a Hyundai Robex 330

excavator. The campaign was extended as several of the initial trenches yielded open ended gold

zones.

The program commenced June 14

2024, and ending on August 31

2024

The objectives of the trenching were to 1) map the surface expression of Sorpresa and ADLP gold

mineralization, 2) define and geochemically characterize alteration features north of ADLP and Sorpresa

at the Oreganito zone and, 3) place all three zones in a 3-dimensional geological framework to establish

depth to gold mineralization from surface.

A total of 807 samples were collected in 29 trenches and 28

test pits.

The average sample length is 2.5 meters (along the trench).

Geochemical results for the 2024

trenching are shown on Figure 1 and Tables 1 and 2.

Sorpresa Zone (Franja del Oro Target)

Table 1. Trenching intercepts from the Sorpresa Zone, Franja del Oro Target, Exploradora

Norte Project, Chile

TRENCH

FROM

INTERVAL

GOLD

CUT OFF

GOLD MAX

NAME

(meters)

(g/t)

(ppm)

(g/t)

ST-09

NO SIGNIFICANT RESULTS

ST-10

42.50

90.00

47.50

0.20

0.05

1.24

Incl.

42.50

57.50

15.00

0.46

0.25

1.24

Incl.

42.50

50.00

7.50

0.79

0.50

1.24

ST-11

NO SIGNIFICANT RESULTS

ST-12

NO SIGNIFICANT RESULTS

ST-13

41.50

71.50

30.00

0.27

0.05

1.65

Incl.

56.50

69.00

12.50

0.52

0.25

1.65

ST-13

79.00

111.50

32.50

0.29

0.05

1.00

Incl.

91.50

96.50

5.00

0.73

0.25

1.00

Incl.

104.00

109.00

5.00

0.50

0.25

0.72

ST-13

114.00

151.50

37.50

0.11

0.05

0.21

Incl.

119.00

136.50

17.50

0.13

0.10

0.21

ST-14

NO SIGNIFICANT RESULTS

A total of 7 trenches and 3 test pits were excavated at Sorpresa to delineate the surface expression of

gold mineralization and related alteration of favorable host rocks (Figure 2).

Significant gold

mineralization was intersected in trenches ST-10 and ST-13 (Table 1; Figures 1 and 2).

The results of

the latest trenching campaign will be used to plan follow up diamond drilling. Trenching at Sorpresa Zone

further delineated, grade and continuity of the zone of mid Jurassic fossiliferous limestones, calcareous

sandstones, and siltstones and associated stocks and dikes (dacite, diorite and quartz diorite) that

contain vein and disseminated oxide gold mineralization. The sedimentary rocks at Sorpresa are folded

into a series of anticlinal and synclinal fold geometries that have north-south trending axes. Gold

mineralization is associated with clay and silica alteration, iron oxides including jarosite and goethite,

black and white calcite stockwork veinlets (distal) and quartz and barite veinlets (proximal) and focused

in decalcified limestones and limey sandstones within the Jurassic host rocks.

ADLP Zone (Franja del Oro Target)

Table 2. Trench intercepts from the ADLP Zone, Franja del Oro Target, Exploradora Norte

Project, Chile

TRENCH

FROM

INTERVAL

GOLD

CUT OFF

GOLD MAX

NAME

(meters)

(g/t)

(ppm)

(g/t)

AT-13

NO SIGNIFICANT RESULTS

AT-14

NO SIGNIFICANT RESULTS

AT-15

NO SIGNIFICANT RESULTS

AT-16

NO SIGNIFICANT RESULTS

AT-16 WEST

NO SIGNIFICANT RESULTS

AT-17

NO SIGNIFICANT RESULTS

AT-18

NO SIGNIFICANT RESULTS

AT-19 EAST

62.5

102.5

0.26

0.10

1.21

Incl.

67.5

72.5

1.06

0.50

1.21

AT-19

42.5

72.5

0.18

0.05

0.82

Incl.

72.5

17.5

0.28

0.10

0.82

Incl.

72.5

7.5

0.51

0.25

0.82

Incl.

67.5

2.5

0.82

0.50

0.82

AT-19

102.5

12.5

0.14

0.05

0.39

Incl.

100

0.27

0.10

0.39

AT-19

110

120

0.22

0.05

0.56

Incl.

112.5

117.5

0.38

0.10

0.56

AT-19

145

162.5

17.5

0.20

0.05

0.64

Incl.

145

150

0.54

0.25

0.64

AT-19

212.5

242.5

0.30

0.05

1.69

Incl.

212.5

230

17.5

0.38

0.10

1.69

Incl.

225

230

1.00

0.25

1.69

AT-20

22.5

17.5

0.12

0.05

0.31

Incl.

22.5

37.5

0.13

0.1

0.31

Incl.

27.5

2.5

0.31

0.25

0.31

AT-20

87.5

97.5

0.13

0.05

0.25

AT-21

42.5

107.5

0.11

0.05

0.40

Incl.

0.22

0.10

0.40

AT-22

NO SIGNIFICANT RESULTS

AT-23

NO SIGNIFICANT RESULTS

AT-24

NO SIGNIFICANT RESULTS

AT-25

0.46

0.05

1.01

Incl.

0.79

0.50

1.01

A total of 22 trenches and 25 test pits were excavated at ADLP to define the surface trace of gold

mineralization and to test alteration in favorable host rocks previously mapped at surface (Figure 1 and

Table 2).

Significant gold mineralization was intersected in trenches AT-19 EAST, AT-20,AT-21 and AT-

25 (Table 2, Figures 1 and Table 2). The Agua de la Piedra Target is centered on mid Jurassic

Montandon and Asientos formation bedded fossiliferous limestones, calcareous sandstones and

siltstones (locally bituminous) which are unconformably overlain by Paleocene volcanics (Cerro Nevado

sequence) and intruded by small stocks and dikes related to the Eocene Quebrada Oreganito diorites.

ADLP is prospective for carbonate replacement gold mineralization, disseminated and structurally

controlled gold mineralization associated with volcanic rocks, and breccias (basal flows) at or near the

angular unconformity with Jurassic sedimentary host rocks.

In addition, ADLP has the potential for high

grade vertical feeder structures (epithermal) which cut the sedimentary and volcanic rocks and has the

potential for porphyry mineralization at depth.

Oreganito Zone (Franja del Oro Target)

The Oreganito Zone is located immediately North of ADLP across the Oreganito Fault Zone.

Favorable

host rocks and alteration at Surface.

No significant mineralization was obtained from trenching in the

Organito Zone.

Gold mineralization at Franja del Oro is influenced by elevation and the despite the lack

of anomalous geochemistry at surface the system may be mineralized at depth.

Geological, Lithological, Alteration and Numerical Models

CopperEx has now incorporated all historic data including the recently completed surface trenching

program designed to follow up the Company's highly successful inaugural 2024 RC drill program at the

Franja del Oro target, generating geological, lithological, alteration and geochemical

models for the

ADLP and Sorpresa targets. These models have now been used in the design of the Phase II diamond

drill program.

Quality Control and Quality Assurance

Samples (807) and control samples (59) from the 2024 Trenching program have been sent to Andes

Analytical Assay Spa. ("AAA") in Santiago Chile, for preparation and analysis. AAA meets all

requirements of International Standards ISO 17025:2017 that includes ISO 9001 requirements for

analytical procedures. Samples were analyzed using AAA's Fire Assay Fusion method

(AEF_AAS_1E42) with an EAA finish for gold and by a 43-element four acid digest ICP-MS-OP

analysis (ICP_AES_HF43m), and ICP_AR01_MS_OP01 for mercury determination, with additional

analysis for Ore Grade Au (AEF_GRV_1E4) and Ore Grade Cu (4A_HF_AAS_1E18SL).

Results are reported in parts per million (ppm) and converted to percent (%), or grams per tonne (g/t)

where applicable. In addition to AAA Laboratory quality assurance - quality control (QA/QC) protocols,

CopperEx implements an internal QA/QC program that includes inserting fine and coarse blank samples

(2.73%), inserting OREAS series standards (total 2.60%, including OREAS 153a, OREAS 523, OREAS

601c, OREAS 620, OREAS 502C) and duplicate samples in the field and laboratory (1.98%), obtaining

a total of 7.31% CopperEx QAQC control.

Qualified Person

All scientific and technical information in this news release has been approved by Daniel MacNeil,

PGeo, Technical Advisor to the Company. Mr. MacNeil is a qualified person for the purposes of NI 43-

101. Some of the drilling and trench results disclosed in this news release relates to historical results on

the Exploradora Norte Property. CopperEx has not undertaken any independent investigation of the

historic sampling, nor has it independently analyzed the results of the historical exploration work to verify

the results. CopperEx considers these historical drill results relevant as the Company is using this data

as a guide to plan exploration programs. The Company's current and future exploration work includes

verification of the historical data through drilling.

Table 3. Trench location information for 2024 on the Exploradora Norte Project's Sorpresa (ST)

and ADLP (AT and OT) zones, Franja del Oro Target

TRENCH

EASTING

NORTHING

ELEVATION

DIP

AZIMUTH

LENGTH

NAME

(meters)

(degrees)

(meters)

ST-09

474806

7163307

3849

-30

272

281

ST-10

474649

7163024

3771

186

ST-11

474716

7162756

3846

-16

290

230

ST-12

474589

7162504

3831

-23

266

196

ST-13

474600

7162272

3828

-21

285

243

ST-14

474468

7162146

3798

-21

280

142

ST-15

474454

7161805

3550

-15

275

AT-13

472529

7160774

3312

-8

262

150

AT-14

472448

7160642

3314

-9

271

136

AT-15

472395

7160456

3312

270

102

AT-16 WEST

472592

7160436

3339

-2

228

AT-16

472656

7160387

3349

-6

334

AT-17

472451

7160270

3332

-10

274

173

AT-18

472432

7160121

3350

-4

270

175.9

AT-19 EAST

472477

7159952

3578

-4

273

110

AT-19

472367

7159969

3571

-7

291

333.2

AT-20

472388

7159904

3360

-6

275

136.6

AT-21

472447

7159774

3376

-4

272

140.5

AT-22

472408

7159591

3367

-3

267

55.1

AT-23

472554

7159479

3373

-6

265

3826

AT-24

472434

7159342

3240

-5

264

42.3

AT-25

472141

7159096

3611

-10

255

142.4

OT-1

473254

7161821

3388

-10

260

322

OT-2

472819

7161593

3371

-8

275

111

OT-3

472608

7161595

3369

-6

273

OT-4

472508

7161603

3371

-5

270

139

OT-5

472751

7161460

3348

-8

270

135

OT-6

472606

7161430

3345

-8

274

118

OT-7

472481

7161423

3348

-8

268

110

Additional information about CopperEx and its Projects can be found on the Company's website at

copperexcorp.com

, or email

[email protected]

Please

click here

to subscribe for future CopperEx news.

On behalf of the Board of Directors

CopperEx Resources Corp.

Dave Prins

President & CEO

For further information contact:

[email protected]

+1 (604) 646-4527

About CopperEx Resources Corp.

CopperEx is a copper and gold focused exploration company with three porphyry and porphyry related

gold and copper projects located in Chile and Peru in established mineral belts near producing mines.

The Company's Flagship Property, Exploradora Norte, located in Northern Chile, has multiple high

quality drill ready targets. At

Exploradora Norte,

CopperEx has the option to earn 65% and a Preferred

Option for an additional 35% with no attached royalty.

In addition to the Exploradora Norte property, CopperEx owns 100% of its

Kio Buggy

(Northern Chile)

and

La Rica

(Apurimac province Peru) properties, also with no attached royalties. The CopperEx

Exploradora Norte property is immediately adjacent (to the north and east) of

Codelco's

Exploradora

property which hosts a resource estimated by Codelco to contain 190-280 Mt @ 0.40% Cu.

(2,3)

The Company's priority is to advance exploration of the Franja del Oro Target at Exploradora Norte

which includes the Sorpresa and Agua de la Piedra (ADLP) sub sectors, and the surrounding favorable

host rocks which remain significantly underexplored.

Exploradora Norte Advanced Exploration Targets.

The

Franja del Oro

Target

contains sediment and volcanics hosted gold mineralization with

associated replacement textures and alteration consistent with epithermal gold deposits that form

distal to a porphyry copper-gold system. The Franja del Oro target hosts multiple parallel, north

trending stratigraphically and structurally controlled mineralized zones.

CopperEx has conducted

extensive exploration along 4-kilometer-long north-south trending segments of the high priority

Sorpresa and Agua de la Piedra ("ADLP") zones to assess surface gold grades, continuity (along

strike) and to define individual drill targets.

CopperEx has identified gold mineralization over

approximately 7 kilometers along the ADLP system (surface rock geochemical results). CopperEx

leveraged the strong correlation between gold and arsenic to expand the geochemical footprint of

the Franja del Oro target using Portable XRF technology to approximately 15 kilometers (and

remains open).

Peuco - Porphyry Copper Gold

Target

: Geochemical and geophysical anomalies spatially

associated with tourmaline breccia bodies. Breccias consist of potassically altered porphyry clasts

in quartz-tourmaline matrix associated with peripheral polymetallic veins and skarn alteration.

Florencia Copper Gold

Target

- Centered on a NW-SE trending structural corridor extending to

the Exploradora porphyry Cu deposit (Codelco) ~5 km to the NW. IP Geophysical features

(resistivity and chargeability) suggest the potential for porphyry style copper-gold mineralization at

depth. Epithermal style quartz veins and breccia, alteration, and geochemical anomalism exist at

surface.

Strategic Alliances.

CopperEx is a member of Discovery Group based in Vancouver, Canada. For more information please

visit:

discoverygroup.ca

Cautionary Note.

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.

Notes

(1)

Composite intervals are calculated using length weighted gold assay averages utilizing lithological breaks, alteration and pathfinder element

assay values as a guide.

All intervals reported are core lengths, and true thicknesses are yet to be determined.

Mineral resource modeling is

required before true thicknesses can be estimated.

(2)

Source:

www.codelco.com/prontus_codelco/site/docs/20220808/20220808110240/fexmin_brochure.pdf

(3)

Note: The deposits and projects shown outside of the CopperEx land position provide geologic context for the CopperEx's Property, but this is

not necessarily indicative that the Property hosts similar grades or tonnages of mineralization.

Forward-Looking Information.

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking

statements within the meaning of applicable securities laws. The use of any of the words "anticipate",

"plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict",

"potential" and similar expressions are intended to identify forward looking statements. In particular,

this press release contains forward looking statements concerning the Company's exploration plans.

Although the Company believes that the expectations and assumptions on which the forward-looking

statements are based are reasonable, undue reliance should not be placed on the forward-looking

statements because the Company cannot give any assurance that they will prove correct. Since

forward looking statements address future events and conditions, they involve inherent assumptions,

risks, and uncertainties. Actual results could differ materially from those currently anticipated due to a

number of assumptions, factors, and risks. These assumptions and risks include, but are not limited

to, assumptions and risks associated with conditions in the equity financing markets, and

assumptions and risks regarding receipt of regulatory and shareholder approvals.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/223965

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