HI.V · 2019-08-29 12:00:00

Highland Copper provides an update on the White Pine project

Mergers & Acquisitions

August 29, 2019 – Longueuil, Quebec. Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF)

(the “Company”) announces that the deadline to complete the acquisition of the White Pine project from

Copper Range Company (“CRC”), a wholly owned subsidiary of First Quantum Minerals Ltd., has been

extended to January 31, 2020. The final closing of the acquisition is subject to a number of conditions

including releasing CRC from certain environmental obligations associated with the remediation and

closure plan of the historical White Pine mine site and replacing the related environmental bond for an

amount expected to be approximately US$1.7 million.

The Company also announces that an independent preliminary economic assessment (“PEA”) of the

viability of potentially mining the copper resources at White Pine is being completed by G Mining

Services Inc. Results of the PEA should be available by mid-September.

About Highland

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

copper projects in the Upper Peninsula of Michigan, U.S.A. The Company’s principal asset is the

Copperwood Project, a development stage copper project fully permitted to move into the construction

stage. More information about the Company is available on the Company’s website at

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

Cautionary Note Regarding Forward-Looking Statements

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,

including, without limitation, being unable to meet the final closing conditions of the acquisition of the

White Pine Project on terms acceptable to the Company, CRC and the Michigan Department of

Environment, Great Lakes, and Energy for the transfer of environmental obligations. All forward looking

statements in this press release are based on information 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:

Denis Miville-Deschênes, President & CEO

Tel: +1.450.677.2455