HI.V · 2017-02-16 12:00:00

Highland Announces Extension of Private Placement Closing

Financings

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR

FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

February 1 6, 201 7 – Longueuil, Quebec. Highland Copper Company I nc. (TSXV: HI) (the

“Company”) closed a first tranche of its previously announced private placement on November 30,

2016 rais ing $3 million. The Company has applied for and received consent from the TSXV

Venture Exchange to further extend the closing date of a final tranche until March 17, 2017. The

securities issuable under the private placement will be subject to a hold period expiring four months

and one day after the closing date. The Company anticipates closing a tranche on February 22 and a

final tranche by March 17, 2017.

The common shares have not been and will not be registered under the U.S. Securities Act of 1933,

as amended, and may not be offered or sold in the United States absent registration or applicable

exemption from the registration require ments. This press release does not constitute an offer to sell

or the solicitation of an offer to buy nor shall there be any sale of the Shares in any jurisdiction in

which such offer, solicitation or sale would be unlawful. Closing is subject to receipt o f approvals

of the TSX Venture Exchange and other applicable securities regulatory authorities.

ABOUT HIGHLAND

Highland Copper Company Inc. is a Canadian exploration company focused on exploring and

developing copper projects in the Upper Peninsula of Michigan, U.S.A . The Company has

189,198,483 common shares issued and outstanding. See news release of November 15 , 2016 for

additional information on the private placement. More information about the Company is available

on the Company’s website at www.highlandcopper.com and on SEDAR at www.sedar.com.

CAUTIONARY STATEMENT

This press release contains certain forward -looking statements within the meaning of applicable

Canadian securities legislation. These forward -looking statements involve certain risks and

uncertainties that could cause actual results to differ, including, without limitation, the Company's

ability in the current markets to complete an additional tranche and sell the full amount of the

proposed offering previously announced by the Company . All forward looking statements in this

press release are based on info rmation available to the Company as of the date hereof, and the

Company undertakes no obligation to update forward-looking statements except as required by law.

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.

For further information, please contact:

David Fennell, Chairman and Interim President & CEO

Tel: +1.450.677.2455

Website: www.highlandcopper.com