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Aguila Copper Extends Expiry Date of Warrants

Share Capital & Compensation

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AGUILA COPPER EXTENDS EXPIRY DATE OF WARRANTS

Vancouver, British Columbia – July 14, 2022: Aguila Copper Corp. (“Aguila” or the “Company”) (TSX-

V: AGL) (OTCQB: AGLAF) (WKN: A2DR6E) announces that the Company is extending the term of a total of

5,953,778 common share purchase warrants (the “Warrants”), exercisable at price of $0.45 per share, from two

years to three and a half years. The Warrants were issued on September 25, 2020 pursuant to a private placement

conducted by the Company. All other terms of the Warrants remain the same. The extension is subject to TSX

Venture Exchange approval.

About Aguila Copper Corp (TSX.v: AGL) (OTC: AGLAF) (WKN: A2DR6E)

Aguila Copper Corp is an emerging copper and precious metal company enhancing shareholder value through

exploration and discovery. Aguila is focused on the Sherridon Project in Manitoba, the Lida Project in Nevada, and

the Cora Project in Arizona.

ON BEHALF OF THE BOARD,

“Mark Saxon”

Mark Saxon

President & CEO

For further information, please contact:

aguilacopper.com

1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7

[email protected]

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.

Cautionary Note Regarding Forward-Looking Statements

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often,

but not always, identified by the use of words such as "seek", "anticipate ”, "plan", "continue”, "estimate”, "expect", "may”,

"will", "intend", "could", "might", "should", "believe" and similar expressions. Forward- looking statements are based upon

the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases,

information provided or disseminated by third parties. Forward -looking statements in this news release include statements

regarding the closing of the transactions contemplated in the Option Agreement, the exercise of the option and the Exchange

approval of the Option Agre ement. Although the Company believes that the expectations reflected in such forward- looking

statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they

can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue

reliance on forward-looking statements.

These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from

results contemplated by the forward- looking statements. Accordingly, the actual events may differ materially from those

projected in the forward- looking statements. Such risks include the ability of the Company to complete all payments, share

issuances and expenditures required under the Option Agreement, the Exchange approval to the Option Agreement and

uncertainties relating to exploration activities. When relying on forward- looking statements to make decisions, investors and

others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such

forward-looking statements. The Com pany does not undertake to update any forward- looking statements, except as may be

required by applicable securities laws.