HI.V · 2020-06-01 12:00:00

Highland Copper Announces Further Extension of Loan Maturity Date

Debt & Credit Facilities

June 1, 2020 – Longueuil, Quebec. Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF)

(the “Company”) announced today that the maturity date for the repayment of outstanding

indebtedness under its credit agreement with Greenstone Resources II LP, a significant shareholder

of the Company, and Osisko Gold Royalties Ltd., of US$4,500,000 (the “Loan”), was extended to

June 30, 2020. The maturity date of the Loan was previously extended from February 28, 2020 to

May 31, 2020.

The Company is continuing its strategic review process with the support of its financial advisor, BMO

Capital Markets. Additional information about the Loan can be found in the Company’s press releases

issued on May 21, 2019 and January 30, 2020, each of which are available on the Company’s website

at www.highlandcopper.com and on SEDAR at www.sedar.com.

About Highland

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

projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on

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

Cautionary Note

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

Canadian securities legislation. There can be no assurance that the Company will be able to secure

the required funds to reimburse the l oan or that the lenders will further extend the maturity date of

the credit agreement. Risks, uncertainties, assumptions and other factors which could cause events

or outcomes to differ materially from those forward -looking statements include, among others, the

effects of genera l economic conditions and the impact of the COVID-19 pandemic on potential

transactions, the price of copper, and other risks and uncertainties, including those risks described

in our most recently filed annual and interim financial statements and management’s discussion and

analysis.

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:

Denis Miville-Deschênes, President & CEO

Tel: +1.450.677.2455