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EVR.CN ·

Private Placement Increased to $700,000

Financings

12 Mitchell Road, Box 306 Tel:(204) 687-3500

Flin Flon, MB, R8A 1N1 CZC.CSE Fax: (204) 687-4762

copperreefmining.com

September 18, 2019

Copper Reef Announces Increase of Private Placement Financing to $700,000

Copper Reef Mining Corporation (CSE: CZC) (the "Issuer") is pleased to announce that it has

increased its previously announced non-brokered private placement financing (the “Offering”, see news

release dated September 16, 2019 ) to raise up to a maximum of $700,000 through the sale of up to

35,000,000 Class “A” U nits (the “Units ”) at a price of $0.02 per Unit. Each Unit shall be comprised of

one common share and one common share purchase warrant (the “Warrant”). Each Warrant will entitle

the holder to purchase one common share at an exercise price of $0.05 per share for a period of twelve

(12) months from the date of issue of the Warrants.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary

regulatory approvals. All securities to be issued under the Offering will be subject to a four -month

statutory hold period in Canada.

The p roceeds from the Offering will be used to advance exploration drill targets in Manitoba and

Saskatchewan, and for general working capital purposes.

ABOUT COPPER REEF MINING CORPORATION

Copper Reef is a Canadian junior mineral exploration company with a specific focus on mineral

properties in northwest Manitoba and northeast Saskatchewan, Canada. The Issuer has assembled a

portfolio of base metal and precious metal prospects, including strategic locations in the Provinces of

Manitoba and Saskatchewan and holds a number of royalties on properties within the belt.

Copper Reef Mining Corporation

“signed”

Stephen L. Masson M.Sc. P.Geo.

President & CEO

No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the

adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking

statements, such as estimates and statements tha t describe the Issuer's future plans, objectives or goals,

including words to the effect that the Issuer or management expects a stated condition or result to occur.

Since forward-looking statements address future events and conditions, by their very nature, they involve

inherent risks and uncertainties.