Kutcho Copper Announces Closing of Private Placement For Gross Proceeds of $2.2 Million

Kutcho Copper Corp. | 717 – 1030 West Georgia Street | Vancouver, British Columbia | Canada | V6E 2Y3

Telephone: (604) 628-5623 | www.kutcho.ca

Kutcho Copper Announces Closing of Private Placement

For Gross Proceeds of $2.2 Million

Vancouver, B.C., September 24, 2020. Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho

Copper” or the “ Company”) is pleased to announce that it has closed its previously announced non-

brokered private placement (the “ Private Placement”) of 11,000,000 units (each, a “ Unit”) at a price of

$0.20 per Unit for total gross proceeds of C$2,200,000.

Each Unit is comprised of one common share (a “Share”) of the Company and one-half of one transferable

common share purchase warrant (each whole being a “Warrant”). Each Warrant entitles the holder thereof

to acquire one Share at a price of $0.30 for a period of two years from the closing of the Private Placement

(the “Expiry Date”). All securities issued under the Private Placement are subject to a hold period of four

months and one day expiring on January 24, 2021.

In connection with the closing of the Private Placement, the Company paid finder’s fees of $85,155 and

issued 425,775 non -transferable finder’s warrants (each, a “ Finder’s Warrant ”) to certain broker s in

accordance with applicable securities laws. Each Finder’s Warrant entitles the holder to purchase one Share

at a price of $0.30 per Share until the Expiry Date.

Proceeds of the Private Placement will be used to commence the Company’s feasibility study on the Kutcho

Copper project and for general corporate and working capital purposes.

Vince Sorace

President & CEO, Kutcho Copper Corp.

For further information regarding Kutcho Copper Corp., please email [email protected] or visit

our website at www.kutcho.ca.

Cautionary Note Regarding Forward-Looking Statements

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.

This news release contains certain statements that may be deemed “forward -looking statements” with respect to the

Company within the meaning of applicable securities laws. Forward -looking statements are statements that are not

historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates ”,

“believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions

“will”, “would”, “may”, “could” or “should” occur. Although Kutcho Copper believes the expectations expressed

in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future

performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in

the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s

ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its

mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to

repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the

inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals,

Kutcho Copper Corp.

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changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the

Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and

if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business

objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in

environmental and other laws or regulations that could have an impact on the Company’s operations, compliance

with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation,

dependence on key management personnel and general competition i n the mining industry. Forward -looking

statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the

statements are made. Except as required by law, the Company undertakes no obligation to update these f orward-

looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.