HI.V · 2018-08-31 12:00:00

Highland Copper Provides an Update on White Pine Closing

Mergers & Acquisitions

Longueuil, Canada, August 31, 2018. Highland Copper Company Inc. (TSX-V: HI, OTCQB: HDRSF)

(the “Company”) and Copper Range Company (“CRC”), a wholly-owned subsidiary of First Quantum

Minerals Ltd., have agreed to extend the period to complete the acquisition of the White Pine project to

November 30, 2018. The final closing of th e acqu isition is subject to 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 posted by CRC. The Company is in discussion

with the Michigan Department of Environmental Quality to finalize the documentation required for the

transfer of the environmental obligations and the form of financial assurance required pursuant to the

Natural Resources and Environmental Protection Act.

About Highland

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

projects located in the Upper Peninsula of Michigan, U.S.A. The Company has 472,933,689 common

shares issued and outstanding which are listed on the TSX Venture Exchange under the symbol "HI" and

trade on the OTCQB Venture Market under symbol "HDRSF". Additional information about the

Company is available on the Company’s website and on SEDAR.

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, 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 Environmental Quality 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

David Charles, Investor relations

Tel: +1.450.677.2455