Kutcho Copper to Receive Approximately $800,000 Refund from CRA
918 – 1030 West Georgia Street | Vancouver, British Columbia | Canada | V6E 2Y3
Telephone: (778) 357-1249 | www.kutcho.ca
Kutcho Copper to Receive Approximately $800,000 Refund from CRA
Vancouver, B.C., February 3, 2025. Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) (“Kutcho
Copper” or the “Company”) is pleased to provide an update regarding the ongoing audit with the Canada
Revenue Agency (“CRA”) involving the Company’s subsidiary, Kutcho Copper Holdings Inc., (“KCH”)
for taxation years ended April 30, 2019 and 2020.
In summary, tax returns were filed for KCH for the years ended April 30, 2019 and April 30, 2020 in which
expenses were claimed stemming from a work program undertaken on the Kutcho Copper’s project in 2018
and 2019. An audit of the tax returns by CRA in 2021 resulted in a reassessment of both taxation years, in
which CRA denied almost all the amounts claimed by KCH. (please see notes to the financial statements
for the years April 2022 to current).
Vince Sorace, President & CEO of Kutcho Copper stated: “After an extended review process with the
CRA spanning multiple years, resulting in KCH filing formal notices of objection to the reassessments by
CRA, we have now received notice from the CRA confirm ing that the amounts disputed by KC H in the
notices of objection were allowed in full . We are happy to conclude this process which results in the
Company now expecting to receive approximately $800,000 from the CRA as a result of GST refunds
withheld, mining exploration tax credits due for the 2020 taxation year and accrued interest on amounts
withheld”
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.
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 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, 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.