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PNGC.CN ·

PNG Copper Inc. Announces Stock Option Grant

Share Capital & Compensation

16976500.1

PNG Copper Inc. Announces Stock Option Grant

Timmins, Ontario (November 29, 2021) – PNG Copper Inc. (CSE: PNGC) (the “Company”) announces the

grant, pursuant to its Stock Option Plan, of options to certain eligible directors and officers to purchase a total of

600,000 common shares, exercisable in whole or in part on or before November 25, 2025, at an exercise price

of $0.15 per share.

About PNG Copper Inc.

PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality

mineral properties in Papua New Guinea. The Company's core values are respect for the Community, the

Landowners, the environment and operating a safe workplace for its employees. The Company is also committed

to best practice standards of Corporate Governance.

For further information please visit the Company's website at pngcopper.ca or contact:

PNG Copper Inc.

Paul Rokeby, Chief Financial Officer

Tel: +1.705.465.1880

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the

policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of

this release.

66 Wellington Street

Suite 4100

Toronto, ON

M5K 1B7 Canada