World Copper Announces Appointment of Gordon Neal as CEO Provides Update on Escalones Project
#2710-200 Granville Street
Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
NR-24-01 January 23, 2024
World Copper Announces Appointment of Gordon Neal as CEO
Provides Update on Escalones Project
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the "Company"; TSXV: WCU, OTCQX: WCUFF, FSE:7LY0).
Appointment of Gordon Neal as Chief Executive Officer and President
The Company announces the appointment of Mr. Gordon Neal as Chief Executive Officer and President
effective January 22, 2024.
Mr. Neal is a distinguished professional in the metals and mining industry, with a comprehensive
background in capital markets, corporate governance, finance, and investor relations. In his most recent
executive tenure as the CEO & Director of Tincorp Metals Inc., Mr. Neal demonstrated strategic leadership
and industry acumen. His career is marked by a series of prestigious roles, including President of New
Pacific Metals Corp, Vice President of Corporate Development at both Mag Silver Corp . and Silvercorp
Metals Inc. His governance and strategic insights have also been instrumental on the boards of companies
such as Falco Resources Ltd., Balmoral Resources Ltd., Americas Petrogas, Inc., Rock Gate Capital, LLC,
and Wealth Minerals ltd. . Mr. Neal's career is a testament to his relentless drive, versatile skills, and
unwavering commitment to excellence in every endeavor he undertakes. His contributions have not only
shaped his companies but have also had a lasting impact on the industries he has been a part of.
Previously to his work in the metals industry Mr. Neal founded Neal McInerney Investor Relations in 1991,
demonstrating his entrepreneurial acumen. Under his leadership, the firm achieved remarkable growth by
successfully marketing over $4 billion in debt and equity financings, ascending to become Canada's second-
largest full-service investor relations firm with a presence in Vancouver, Toronto, and Los Angeles.
Beyond his corporate achievements, Mr. Neal has made significant contributions to public service, notably
as a senior communications adviser in the office of the Prime Minister of Canada, highlighting his adeptness
in high-level communication strategies and policy advising.
Hendrik van Alphen, Chairman & Director stated that, “ Mr. Neal's transition into the CEO and President
role of World Copper will mark the beginning of a transformative era for the Company. His profound
expertise and visionary leadership are poised to be pivotal in executing the Company's strategic objectives
and advancing the Company's exceptional assets. This transition signifies not just a change in leadership
but a reinvigoration of the Company's mission and a recommitment to excellence under Mr. Neal's
guidance.”
World Copper Ltd. - 2 - January 23, 2024
NR-24-01 Continued
Escalones Project Update
The Company also provides an update to the Escalones Copper project in Central Chile (" Escalones" or
the "Escalones Project") in relation to a presidential decree establishing a sanctuary of nature in the area
of the Escalones Project.
The Ministry of the Environment of the Republic of Chile, proposed to the President of the Republic of
Chile the creation of State Protected Areas, which include marine parks and reserves, as well as sanctuaries
of nature and coastal marine protected areas. the proposal was to create five new sanctuaries of nature in
Chile. Following that proposal, the President of the Republic of Chile signed decrees for the creation of
these sanctuaries of nature in several locations in Chile, one of which included the upper Maipo River
valley, where the Company's Escalones Project is located. The decree was published in the official gazette
on November 30, 2023 (the "Decree").
The details of the Decree are contained in the link below:
https://www.diariooficial.interior.gob.cl/publicaciones/2023/11/30/43714/01/2414315.pdf
Management has confirmed that the Decree indeed covers the area of the Escalones Project and is presently
determining the full regulatory and permitting impact of the Decree on Company plans to develop
Escalones. Following that analysis, the Company will establish the best way forward to advance the Project.
The Management believes that it can continue advancing the project in compliance with the new, additional
measures of natural protection added by the decree. The Company will collaborate with the owners of the
surface rights to produce an adequate local ma nagement plan for the sanctuary that enables further
advancement of the project and safeguards the natural environment in accordance with the aforementioned
regulations.
The Company is also reviewing all of their options pursuant to local and international rights in regards to
the Decree, while maintaining its full commitment to the highest industry standards for environmental
protection and sustainability.
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the
exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in
Arizona. Two of these projects have estimated resou rces with significant soluble copper mineralization,
and each has additional copper porphyry targets with exciting potential to expand the resource base.
Detailed information is available at World Copper's website at www.worldcopperltd.com, and for general
Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Hendrik van Alphen "
Hendrik van Alphen
Director & Chairman
World Copper Ltd. - 3 - January 23, 2024
NR-24-01 Continued
For further information, or to schedule a Zoom meeting with Management, please contact:
Hendrik van Alphen, Gord Neal or Michael Pound
Phone: 604-638-3287
E-mail: [email protected]
For all Investor Relations inquiries, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670
For all Public Relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053
Follow Us:
Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd
Neither 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 news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward- looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other
than statements of historical fact, included herein including, without limitation, statements with respect to the impact
of the Decree on the Escalones Project and its development, the Company's analysis of the Decree's impact on future
exploration plans for the Escalones Project , the possible filing of a new EIA permit (Estudio de Impacto Ambiental)
and the anticipated business plans and timing of future activities of World Copper are forward- looking statements.
Although World Copper believes that such statements are reasonable, it can give no assurance that such expectations
will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects",
"anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations
of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may,
could, would, might or will occur or be taken or achieved. In making the forward- looking statements in th is news
release, World Copper has applied several material assumptions, including without limitation, market fundamentals
will result in sustained copper demand and prices, the receipt of any necessary permits, licenses and regulatory
approvals in connection with the future development of the Escalones Project in a timely manner, the availability of
financing on suitable terms for the development, construction and continued operation of World Copper's projects
and its ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of World Copper to differ materially from any future results, performance
or achievements expressed or implied by the forward- looking information. Such risks and other factors include,
among others, operating and technical difficulties in connection with mineral exploration and development activities
(including the impacts of the Decree on the developme nt of the Escalones Project) , actual results of exploration
activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated
future production, the costs of production, capital expenditures, the costs and timing of the development of new
deposits, requirements for additional capital, future prices of copper, changes in general economic conditions,
changes in the financial markets and in the demand and market price for commodities, lack of investor inter est in
future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental
approvals, permits or financing or in the completion of development or construction activities, risks relating to
epidemics or pandemics such as COVID –19, including the impact of COVID –19 on World Copper's business,
financial condition and results of operations, changes in laws, regulations and policies affecting mining operations
(including pursuant to the Decree) , title disputes, the inability of World Copper to obtain any necessary permits,
World Copper Ltd. - 4 - January 23, 2024
NR-24-01 Continued
consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues
and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in World
Copper's continuous disclosure documents. All of World Copper's Canadian public disclosure filings may be accessed
via www.sedarplus.ca and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. World Copper does not undertake
any obligation to update any of the forward- looking statements in this news release or incorporated by reference
herein, except as otherwise required by law.