KC.V · 2026-01-22 12:00:00

Kutcho Copper Corporate Update

Corporate Updates

Vancouver, B.C., January 22, 2025. Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) (“Kutcho

Copper” or the “Company”) is pleased to provide a review of its feasibility stage, high-grade copper-zinc

development project located in north-western British Columbia. Please also refer to the Company’s updated

investor presentation on the website at www.kutcho.ca/investors/.

Vince Sorace, President & CEO of Kutcho Copper stated: “Kutcho Copper is uniquely positioned with a

feasibility-stage, high-grade, low-cost copper-zinc development project located in a Tier 1 jurisdiction that

has potential for significant exploration upside. With critical minerals in the global spotlight, copper prices

firmly above U$5.00/lb (enhancing the project’s potential economic performance), and copper supply

struggling to keep up with increasing demand for electrification and decarbonization, we will continue to

explore and expand on opportunities for the Kutcho project, including the potential for resource expansion

as we map out exciting drill targets for 2026.”

Corporate/Project highlights:

• Feasibility study(2) showcasing a mine plan for a predominantly open- pit mining operation and a

technically robust and capital-efficient project with a minimized footprint:

o At US$4.00/lb for copper , an after-tax Net Present Value (NPV 7%) of C$536 million

and an Internal Rate of Return of 30.5%:

o At US$4.50/lb for copper , an after -tax Net Present Value (NPV 7%) of C$688 million

and an Internal Rate of Return of 36.5%.

o At US$5.00/lb for copper, an after-tax Net Present Value (NPV 7%) of C$839 million

and an Internal Rate of Return of 42.3%.

o At US$6.00/lb for copper, an after-tax Net Present Value (NPV 7%) of C$1.14 billion

and an Internal Rate of Return of 53.4.3%.

• The Feasibility study Mineral Resource Estimate (2) includes 22.8 Mt grading 2. 26% Copper

equivalent (“CuEqR”) for 1.1 billion pounds of contained copper equivalent metal of Measured

and Indicated confidence categories and a further 12.9 Mt grading 1.62% CuEqR of Inferred

confidence category.

• Exploration upside potential – over 10 near resource and regional targets (3) offer potential

expansion above and beyond the current mineral resource . All resource and regional targets are

within Kutcho’s contiguous mineral claims.

• Located in northwestern British Columbia, Canada, one of the safest mining jurisdictions globally

with producing mines in the region including Brucejack ( Newmont Mining) and Red Chris

(Newmont/Imperial Metals) as well as several advanced projects. (1)

(1) Reference to nearby producing mines and projects is for information purposes only, and there are no assurances that the Kutcho Project will

receive similar results or that it will become an operating mine.

(2) Based on the 2021 Feasibility Study (FS) and incorporation of the amended Wheaton Precious Metals streaming arrangement. The FS is intended

to be read as a whole and sections should not be read or relied upon out of context. The information in this news release is subject to the assumptions,

• Strong financial support – Wheaton Precious Metals with an agreed precious metals stream in

support of mine development and a strategic shareholding.

• Existing infrastructure – on-site field camp and airstrip; 120 km of ground access to be upgraded

to a haul road for concentrate transport; existing concentrate export facilities within 400 km on a

paved highway.

• The location has subdued terrain and relatively lower snowfall compared to mines and projects to

the west, reducing construction and operating challenges.

• Project designed to minimize , mitigate, and avoid environmental impacts, including minimizing

greenhouse gas emissions, backfilling the open pit, avoidance of fish- bearing streams, and

treatment of contact mine water, among others.

Significant Milestones

Since completion of the 2021 Feasibility Study (“FS”), Kutcho Copper has been attending to improvement

recommendations and risk reduction studies documented in the FS . Significant milestones from its

optimization program include:

• Initial Capital Reduction

Kutcho Copper ha s completed an underground mining study to confirm that the underground

mining portion of the mine plan can be deferred , compared to the FS plan, with almost no impact

on NPV, IRR or payback. The new plan will have the underground operation commence in the

first year of operation (as opposed to commencing at start of construction in the 2021 FS) and will

operate at 930 tpd compared to the previous plan of 840 tpd. The benefit of this deferral would be

to decrease the initial capital by approximately $57 mil lion and to reduce operational startup

complexity (note all data presented is based on the 2021 cost and price basis for fair comparison).

• Metallurgical and Flotation Flowsheet Optimization and Improvements

Kutcho Copper, in partnership with PMC Laboratory (Maple Ridge, BC), are continuing to study

optimization of the flotation flowsheet to enhance the economic efficiency of the feasibility

flowsheet. The optimization is focussing on reduc ing both the number and overall quantity of

reagents required, which not only has the potential to lower operating costs but also further reduces

environmental management costs and risks through having less quantity of residual reagents in the

recycled process water and lower cost to purchase and transport of reagents.

As we continue to finalize the cleaning circuit, preliminary results from the rougher flowsheet have

already demonstrated recoveries on par with those outlined in the 2021 FS. This milestone marks

a significant achievement in our strategy to optimize our mineral processing operations. We look

forward to sharing more updates as we progress with the development of the cleaning circuit and

move closer to realizing the full potential of our optimized flotation process.

exclusions and qualifications contained in the FS. The FS and data shown in this press release includes no cost inflation or re-assessment of costs.

The FS document does provide cost sensitivity information. See “Cautionary Note” at the end of this news release.

(3) The blue-sky greenfields and regional exploration potential are considered early-stage exploration projects which do not contain any mineral

resources as defined by NI 43-101. There has been insufficient exploration to define a mineral resource for the targets disclosed. It is uncertain if

further exploration will result in these targets being delineated as a mineral resource.

Looking ahead into 2026:

Kutcho Copper intends to showcase the Project’s upside potential through:

• Drill testing both near-resource and green-fields exploration targets.

• Evaluating and, if warranted, executing on a number of accretive and strategic opportunities.

• Continuing to evaluate project opportunities identified in the Feasibility Study through detailed

engineering and executing on, or incorporating, accretive opportunities.

The Company also announces that it has engaged Machai Capital Inc (“Machai”) to provide digital

marketing services, including creating in- depth marketing campaigns involving corporate branding and

social media and e-mail marketing. Machai is an arm's-length marketing, advertising and public awareness

firm based in Vancouver, B.C. Machai has been engaged for a term of up to 12 months for an upfront

retainer of $400,000 and 700,000 stock options in the Company, each option exercisable at $0.30 per share

for 13 months. The options have been granted in accordance with the terms of the Company’s current stock

option plan and have a hold period of four months and a day from the date of issuance. The options vest

quarterly in equal tranches over the 12-month term of the Agreement, in accordance with applicable TSX

Venture Exchange (“TSXV”) policy . To the knowledge of the C ompany, Machai does not hold any

securities of the company, but Suneal Sandhu, the principal of Machai, currently holds 294,118 common

shares and 147,059 share purchase warrants of the C ompany. Machai can be contacted at

[email protected] or Suite 101, 17565 58 Ave., Surrey, B.C., V3S 4E3, Canada. The Agreement

is subject to receipt of TSXV approval.

In addition, as announced by Kutcho on March 24, 2025, the Company had engaged Resource Stock Digest

(RSD) for investor awareness campaigns for an 18 month period from March 2025. The Company has

agreed with RSD to increase the amount expended on such advertising and marketing program by $150,000

which is expected to be spent over the remainder of the term.

Qualified Persons

The technical or scientific information in this press release has been reviewed and approved by Andrew

Sharp, P.Eng BC (Lic. No. 47907), FAusIMM, Chief Operating Officer for Kutcho Copper, who serves as

a qualified person under the definition of National Instrument 43-101.

About Kutcho Copper

Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing

the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility

and the highest environmental standards, the Company recently completed a feasibility study on the Kutcho

project and is advancing permitting with the objective of getting to a positive construction decision.

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.

Technical Disclosure

The material scientific and technical information in respect of the Kutcho Project in this news release is,

unless otherwise indicated, based upon information contained in the technical report titled “NI 43- 101

Feasibility Study Technical Report for the Kutcho Copper Project, British Columbia, Canada” dated

effective November 8, 2021 and issued December 22, 2021 (the “FS” or “2021 Feasibility Study”). The

2021 Feasibility Study was prepared in accordance with National Instrument 43- 101 – Standards of

Disclosure for Mineral Projects (“NI 43 -101”). NI 43-101 is a rule developed by the Canadian Securities

Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical

information concerning mineral projects. These standards differ from the mining property disclosure rules

specified in S ubpart 1300 of Regulation S -K under the United States Securities Act of 1933 (“Subpart

1300”) promulgated by the SEC. Accordingly, information concerning mineral deposits from the 2021

Feasibility Study set forth herein may not be comparable with information made public by companies that

report in accordance with U.S. standards.

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 gene rally, but not always, identified by the words “advance”, “de-risk”, “execute ”,

“incorporate”, “accretive”, “plans”, “compelling”, “believes”, “intends”, “potential” , “value opportunities”,

“upside”, variations of these words and similar expressions, or that events or conditions “will”, “may”, “could” ,

“should” or “would” 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, statements and information

related to the Feasibility Study; the funding, timing and results of planned exploration programs; the ability of the

Company to upgrade inferred mineral resources to higher categories and, subsequently, to mineral reserves; the

outcome of potential optimizations and opportunities identified in the Feasibility Study and subsequently; 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 and for

general working capit al 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, 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,

including the environmental assessment process ; the ability of the Company to conclude agreements with First

Nations; 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 in 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 forward -looking statements in the event

that management’s beliefs, estimates or opinions, or other factors, should change.

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