Kutcho Copper Announces Closing of Private Placement For Gross Proceeds of $2,897,815 – Flow-Through Oversubscribed

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 $2,897,815 – Flow-Through Oversubscribed

Vancouver, B.C., April 13, 2021. 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 hard dollar and flow-through shares.

Under the hard dollar Private Placement, Kutcho has raised gross proceeds of $1,000,000 on the sale of

2,000,000 shares at a price of $0.50 per common share. Under the flow-through Private Placement which

was over -subscribed, the Company has issued 3,329,500 flow -through shares at a price of $0.57 per

common share for gross proceeds of $1,897,815. The proceeds from the flow-through shares will be used

to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms

are defined in the Income Tax Act (Canada)).

All shares issued under the private placement are subject to a hold period of four months and one day from

closing.

The Company paid finder’s fees in connection with certain subscribers under the Private Placement. The

Company has paid cash fees of $156,199 and has issued 284,430 finder warrants exercisable into common

shares. Finder’s warrants in connection with purchasers sourced for the flow-through Private Placement are

exercisable at $0.57 and finder’s warrants in connection with purchasers sourced for the hard dollar Private

Placements are exercisable at $0.50 for a period of one year.

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.