Faraday Copper Initiates Phase III Drill Program at the Copper Creek Project in Arizona

NEWS RELEASE October 12, 2023

Faraday Copper Initiates Phase III Drill Program

at the Copper Creek Project in Arizona

October 12, 2023 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)

(TSX:FDY) (OTCQX:CPPKF) is pleased to announce the initiation of its Phase III drill program at its Copper

Creek project in Arizona, USA (“Copper Creek”).

Phase III Drill Program

▪ An estimated 20,000-metre diamond drill program commenced on October 11, 20 23, with the

primary objectives including:

▪ Making a new economic discovery on the property;

▪ Growing the open pit resource; and

▪ Expanding the high-grade areas of the underground resource.

▪ The Company will also be installing additional piezometers in certain drill holes for ongoing

groundwater monitoring.

Assay results for completed drill holes will be released as they are received, analyzed and confirmed by

the Company.

About Faraday Copper

Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in

Arizona, U.S. The Copper Creek project , is one of the largest undeveloped copper projects in North

America with open pit and bulk underground mining potential. The Company is well -funded to deliver on

its key milestones and benefits from a management team and board of directors with senior mining

company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.

For additional information please contact:

Stacey Pavlova, CFA

Vice President, Investor Relations & Communications

Faraday Copper Corp.

E-mail: [email protected]

Website: www.faradaycopper.com

To receive news releases by e-mail, please register using the Faraday website at www.faradaycopper.com.

Cautionary Note on Forward Looking Statements

Some of the statements in this news release, other than statements of historical fact, are “forward-looking statements” and are based

on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and

assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results,

level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-

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looking stat ements. Such forward -looking statements and forward -looking inform ation specifically include, but are not limited to,

statements concerning the exploration potential of the Copper Creek property.

Although Faraday believes the expectations expressed in such forward -looking statements are based on reasonable assumptions,

such statements should not be in any way construed as guarantees of future performance and actual results or developments may

differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market

prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of mineral

resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capi tal

requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxa tion; controls,

regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative

nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, s upplies, fuel and

equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mi neral claims

or property or contests over claims to mineral properties; unexpected delays and costs inherent to c onsulting and accommodating

rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining

necessary licenses, permits and authorizations and complying with permitting requirements, in cluding those associated with the

Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards

associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial

accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain

insurance to cover these risks as well as “Risk Factors” included in Faraday’ s disclosure documents filed on and available at

www.sedarplus.ca.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person

to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances

is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Faraday in Canada,

the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed

or in any way passed upon this press release, and any representation to the contrary is an offence.