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DCOP.V ·

District Copper 2020 Annual General and Special Meeting Results

Shareholder Meetings

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142 – 1146 Pacific Blvd.,

Vancouver, British Columbia V6Z 2X7 Canada

Telephone: (604) 620-7737

www.districtcoppercorp.com

NEWS RELEASE

TSX-V: DCOP December 23, 2020

DISTRICT COPPER 2020 ANNUAL GENERAL AND SPECIAL MEETING RESULTS

Vancouver, B.C. – December 23 , 2020 – District Copper Corp. (“District ”) (the “Company”)

(TSX-Venture: DCOP) is pleased to announce that on November 26, 2020 it held its Annual

General and Special Meeting at which meeting two extra resolutions were presented to

shareholders for consideration.

The first was a proposed special resolution which would authorize the Company to continue its

corporate charter out of the Federal jurisdiction under the Canada Business Corporations Act

into the jurisdiction of British Columbia under the Business Corporations Act (British Columbia).

The resolution in its entirety was passed as a special resolution o f the Company with 99.50% of

the votes represented at the meeting vot ing in favor. Pursuant to the empowering resolution,

the Company is also authorized to adopt new Articles which would co nform with and adopt

specific provisions of the Business Corporation Act (British Columbia).

The Continuance is subject to District making the appropriate filings with both Industry Canada

under the Canada Business Corporations Act and the Registrar of Companies under the

Business Corporations Act (British Colu mbia). The Continuance is also subject to the prior

approval of the TSX Venture Exchange and will not become effective unless and until such

approval is obtained.

A separate matter related to District’s grant of an option which if exercised in its entire ty could

give rise to a disposition of all of its interest s in and to the Stony lake Property located in the

vicinity of Grand Falls central Newfoundland as provided for under an agreement dated July 29,

2020 entered into with Global Vanadium Corp. The te rms of the option agreement were

previously announced in District’s news release of July 30, 2020. The terms of the option and

possible disposition of up to 100% of the Company’s interest as provided for under the option

agreement were ratified, confirmed and approved by Shareholders with 97.34% of the votes

represented at the meeting cast in favor of the resolution.

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In other normal matters attended to, Davidson & Company, Chartered Accountants were re -

elected as auditors of the Company and the current Bo ard of Directors consisting of Jevin

Werbes, Chris Healey and Hrayr Agnerian were re-elected for the ensuing year.

About District Copper

District Copper is a Canadian company historically engaged in exploration for porphyry copper -

gold-molybdenum deposits in northwestern British Columbia. In addition, during the 2019

exploration season, District Copper completed a preliminary exploration program on the Stony

Lake Claims located in the vicinity of Grand Falls central Newfoundland.

For further information, please visit the website at www.districtcoppercorp.com to view the

Company’s profile or contact Jevin Werbes at 604-620-7737.

“Jevin Werbes”

Jevin Werbes, President & CEO

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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of

the sec urities described herein in the United States. The securities described in this news

release have not been and will not be registered under the United States Securities Act of 1933,

as amended (the "U.S. Securities Act") or any state securities laws and ma y not be offered or

sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act

and applicable state securities laws or an exemption from such registration is available. This

news release is not for distribution in the United States or over United States newswires.

Cautionary Statement on Forward Looking Statement

Information contained in this news release, including information as to strategy, projects, plans

or future financial or operating performance and other stat ements that express management's

expectations or estimates of future performance, constitute "forward looking statements". Actual

results may differ materially from those indicated by such statements. All statements, other than

historical fact, included he rein, including, without limitations statements regarding future

production, are forward -looking statements that involve various risks and uncertainties. There

can be no assurance that such statements will prove to be accurate and actual results and

future events could differ materially from those anticipated in such statements.

A more complete discussion of the risks and uncertainties facing District Copper is disclosed in

District Copper's continuous disclosure filings with Canadian securities regulatory authorities

at www.sedar.com. All forward -looking information herein is qualified in its entirety by this

cautionary statement, and District Copper disclaims any obligation to revise or update any such

forward-looking information or to publicly announce the result of any revisions to any of the

forward-looking information contained herein to reflect future results, events or developments,

except as required by law.