XXIX.V · 2022-02-15 12:00:00

QC Copper Intersects 184 m of 0.32 % CuEq, including 49.5 m of 0.7 % CuEq, Extending Mineralization Within the Conceptual Pit

Drill Results

QC Copper Intersects 184 m of 0.32 % CuEq,

including 49.5 m of 0.7 % CuEq, Extending

Mineralization Within the Conceptual Pit

TORONTO

Feb. 15, 2022

/CNW/ - QC Copper and Gold Inc. ("

QC Copper

" or the "

Company

(TSXV: QCCU) (OTCQB: QCCUF) is pleased to announce initial assay results from its Q4 2021 drill

program. Significant results were obtained in several drill holes, but most notable was hole OPM-21-

122, which returned an intersection of 184.5 metres grading 0.32% Cu-eq, including 49.5

metres grading 0.70% Cu-eq.

"These results are notable because they extend mineralization into areas that were not well sampled

or included in September 2021's Mineral Resource Estimate. This hole clearly demonstrates the in-

pit mineralization expansion potential relative to what was defined in our initial Mineral Resource

Estimate. Priority step-out holes are planned to follow up to the east, west, and up-dip from Hole

122 as part of definition drilling to expand the in-pit mineral resource on the Springer-Perry deposit,"

said Mr.

Charles Beaudry

, Director and Vice President of Exploration for QC Copper.

Update on Geologic Interpretation / Domaining of Mineralization

As part of an updated mineral resource for the Springer-Perry deposits planned for late 2022, the

geology is being re-interpreted from a vein and halo categorization to the domaining of global

mineralized envelopes above a nominal cut-off grade of 0.2% Cu-eq using all historical and current

drilling results. This is an important factor as the original vein envelopes defined by the Company

were digitized before the 2021 drilling program, and many mineralized areas ended up outside the

vein envelopes, defined as halos, and were either not included in the initial mineral resource estimate

or were interpolated very conservatively in the 2021 Mineral Resource Estimate. The current phase

of drilling is focused on areas that are yet to demonstrate geological continuity in order to increase

the resource base within thee conceptual pit outline. It is also designed to better define low grade

envelopes around mined out stopes.

Table 1: Summary of significant composite intersections from Q1 2021 diamond drilling to date on Opemiska Project.

Hole ID

Zone

From

(m)

Interval

(m)

Grade

Copper

Eq (%)*

Copper

(%)

Gold

(gpt)

Silver

(gpt)

Zinc

(ppm)

Cobalt

(ppm)

OPM-21-122

Springer

196.5

381.0

184.5

0.32

0.228

0.089

0.328

OPM-21-122

Springer

277.5

327.0

49.5

0.70

0.557

0.15

2.03

OPM-21-102

East

90.0

100.5

1.83

1.646

0.009

8.56

262

156

OPM-21-109

South-East

124.5

219.0

94.5

0.17

0.123

0.014

1.74

OPM-21-109

South-East

189.0

219.0

30.0

0.24

0.179

0.015

2.76

158

OPM-21-110

South-East

223.5

246.0

22.5

0.55

0.451

0.017

5.72

135

OPM-21-121

Saddle

85.5

127.5

42.0

0.26

0.185

0.047

0.786

Copper Equivalent ("Cu Eq.") grade including copper, gold, silver, cobalt and zinc based on 100% recoveries is calculated using the following equation: Cu Eq. = [(Cu

% x 20 x Cu price) + (Au grade / 34.2857 x Au price) + (Ag grade / 34.2857 x Ag price) + (Co % x 20 x Co price) + (Zn % x 20 x Zn price)] / (20 x Cu price). We used Cu, Au,

Ag, Co and Zn price of US$4.00, US$1,730, US$26.00, US$23.90 and US$1.20 respectively. Note that the assays have not been capped.

The composite intervals are quoted "as is" and do not necessarily represent true widths of

mineralization. However within the deposit there are veins in several directions and these reported

holes are all drilled to the south to intersect the east-west trending veins which dip to the north and

suggests the intervals are near true width.

Update on Current Drill Program

Drilling started in late October and continued until

December 20

with 23 holes completed for a total

of 5,457 metres. A total of 3,423 core samples were submitted for analysis plus a suite of QAQC

samples and assays continue to be received from this drilling. As of

February 11

a total of 2,194

core assay results were received, and although a few batches are being reassayed due to QAQC

issues, significant validated results are presented in Figure 1 and Table 1.

Click Here to View Figure 1.

Drilling restarted in early

January 2022

and as of the

February 13

a total of 2,597 metres have

been drilled with 13 holes completed. A total of 1,633 samples have been collected and 1,496

samples were shipped to the laboratory for assaying. No assays have been received to date for any

drilling done in 2022.

Phase 2 2022 Drilling Program in Preparation

QC Copper's near-term priority is converting what may currently be considered waste into mineral

resources within the Springer-Perry open pit. The Company believes this opportunity represents the

lowest risk, highest return and most efficient way to grow the Opemiska Deposit.

Targeted areas outside the conceptual open pit will seek to test and confirm low-grade, open-pitable

mineralization along with the Cooke-Robitaille mines structural corridor before undertaking

systematic definition drilling in 2023.

QP Statement

The technical information contained in this news release has been reviewed and approved by

Charles Beaudry

, P.Geo and géo., Director and Vice President Exploration for QC Copper & Gold,

a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral

Projects." For the exploration undertaken by QC Copper & Gold, all assay batches are

accompanied by rigorous Quality Assurance procedures that include insertion of standards and

blanks and verification assays in a secondary laboratory. Quality Control results, including the

laboratory's control samples, are evaluated immediately on reception of batch results and

corrections implemented immediately if necessary. All drill collars are surveyed and positioned in

UTM coordinates. Downhole deviations surveys are done with a single-shot gyroscopic instrument at

30m

intervals.

For information and updates on QC Copper and Gold, please visit:

www.qccopper.com

And please follow us on Twitter

@qccoppergold

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

release. Certain information in this press release may contain forward-looking statements. This

information is based on current expectations that are subject to significant risks and uncertainties

that are difficult to predict. Actual results might differ materially from results suggested in any

forward-looking statements. QC Copper and Gold Inc. assumes no obligation to update the

forward-looking statements, or to update the reasons why actual results could differ from those

reflected in the forward looking-statements unless and until required by securities laws applicable

to QC Copper and Gold Inc. Additional information identifying risks and uncertainties is contained

in filings by QC Copper and Gold Inc. with Canadian securities regulators, which filings are

available under QC Copper and Gold Inc. profile at

www.sedar.com

SOURCE

QC Copper & Gold Inc.

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http://www.newswire.ca/en/releases/archive/February2022/15/c3683.html

%SEDAR: 00045293E

CO: QC Copper & Gold Inc.

CNW 06:00e 15-FEB-22

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