Faraday Copper Reports 33.77 Metres at 3.43% Copper within 65.20 Meters at 1.88% Copper at Copper Creek in Arizona

NEWS RELEASE January 31, 2023

Faraday Copper Reports 33.77 Metres at 3.43% Copper within

65.20 Meters at 1.88% Copper at Copper Creek in Arizona

January 31, 2023 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)

(TSX:FDY) (OTCQX:CPPKF) is pleased to announce the results from two drill holes at its Copper Creek

Project, located in Arizona, U.S. (“Copper Creek”).

Paul Harbidge, President and CEO , commented “The continued success of our Phase II drill program is

extremely encouraging as it confirms our view that there is significant upside to the existing Mineral

Resource Estimate. This high-grade drill hole demonstrates the potential to grow the open pit mineralization

at Copper Creek.”

Highlights

▪ Intersected 33.77 metres (“m”) at 3.43% copper and 2.53 grams per tonne (“g/t”) silver from 38.10

m at the Copper Knight breccia in drill hole FCD-22-016 (Table 1, Figures 1, 2).

▪ This interval is within a longer intersection of 65.20 m at 1.88% copper and 1.56 g/t silver from

38.10 m.

▪ The Copper Knight breccia is part of a cluster of mineralized breccias, which includes Copper Giant,

Copper Prince, and Copper Duchess (Figure 1).

Drill hole FCD-22-016 was collared north of Copper Knight and drilled to the southeast , closing a gap in

historical drilling. The high-grade mineralization is located at the contact between granodiorite porphyry and

hydrothermal breccia, where there is increased permeability. Mineralization remains open at depth.

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Figure 1: Plan View Showing Drill Holes Reported in this News Release

Note: The open pit shell is based on constraints used in the MRE as presented in the report titled “NI 43-101 Technical

Report Mineral Resource Estimate Copper Creek Project, Arizona” dated August 18, 2022 (the “Technical Report”).

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Figure 2: Cross Section Showing Drill Hole FCD-22-016

Drill hole FCD-22-011 was collared at the Glory Hole breccia and drilled to the west where previous drill

coverage is low. No mineralized intervals of more than 5 m length were identified in this hole. The first 30

m of the drill hole intersected breccia and a leach ed cap characterized by iron oxides after sulphides , but

no significant copper mineralization. Two consecutive samples from 63.36 to 67.70 m yielded 0.29% and

0.41% copper, respectively, and a single 2 -metre-wide sample with 1.14 g/t silver and 0.21% copper is

present at 210.75 m. These results suggest that the mineral system remains open at depth and to the west

of the Glory Hole breccia.

Table 1: Selected Drill Results from Copper Creek

Drill Hole ID From To Length Cu Mo Au Ag

(m) (m) (m) (%) (ppm) (g/t) (g/t)

FCD-22-016 38.10 103.30 65.20 1.88 17 0.02 1.56

Including 38.10 71.87 33.77 3.43 11 0.04 2.53

FCD-22-011 No significant assay results

Notes: All intercepts are reported as downhole drill widths.

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Table 2: Collar Locations from the Drill Holes Reported Herein

Drill Hole ID Easting Northing Elevation Azimuth Dip Target Depth Depth

(m) (°) (°) (ft) (m)

FCD-22-016 548152 3624588 1276 160 -68 Copper Knight 566.0 185.44

FCD-22-011 547733 3624785 1285 255 -45 Glory Hole 783.0 256.64

Total 1,349.0 442.08

Note: Coordinates are given as World Geodetic System 84, Universal Transverse Mercator Zone 12 north (WGS84,

UTM12N).

Next Steps

Phase II drilling continues and is focussed on three objectives:

▪ Reconnaissance drilling on new targets;

▪ Expanding the MRE; and

▪ Better delineating high-grade mineralized zones.

Fourteen drill holes have been completed and the results for three drill holes have been released to date.

The assay results for additional completed drill holes will be released as they are received, analyzed and

confirmed by the Company.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance

All sampling was conducted under the supervision of the Company's geologists and the chain of custody

from Copper Creek to the independent sample preparation facility, ALS Laboratories in Tucson, AZ, was

continuously monitored. The samples were taken as ½ core, over 2 m core length. Samples were crushed,

pulverized and sample pulps were analyzed using industry standard analytical methods including a 4-Acid

ICP-MS multielement package and an ICP-AES method for high-grade copper samples. Gold was analyzed

on a 30 g aliquot by fire assay with an ICP-AES finish. A certified reference sample was inserted every 20th

sample. Coarse blanks were inserted every 20th sample. Approximately 5% of the core samples were cut

into ¼ core and submitted as field duplicates. On top of internal QA-QC protocol, additional blanks,

reference materials and duplicates were inserted by the analytical laboratory according to their procedure.

Data verification of the analytical results included a statistical analysis of the standards and blanks that

must pass certain parameters for acceptance to ensure accurate and verifiable results.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved

by Faraday’s VP Exploration, Dr. Thomas Bissig, P. Geo., who is a Qualified Person under National

Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).

About Faraday Copper

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

The United States of America. The Copper Creek project , located in Arizona, 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”.

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For additional information please contact:

Stacey Pavlova, CFA

Vice President, Investor Relations & Communications

Faraday Copper Corp.

E-mail: [email protected]

Website: www.faradaycopper.com

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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 res ults,

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

looking statements. Such forward -looking statements and forward -looking information specifically include, but are not limited to,

statements concerning the exploration potential of the Copper Creek property.

Although Faraday believes the exp ectations 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 o f detailed feasibility and technical analyses; lower than expected grades and quantities of

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

requirements; price volatility in t he spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls,

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

nature of mineral explor ation and development, competition; loss of key employees; rising costs of labour, supplies, fuel and

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

or property or c ontests over claims to mineral properties; unexpected delays and costs inherent to consulting 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, including 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.sedar.com.

This news 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 news 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 news release, and any representation to the contrary is an offence.