XXIX.V · 2023-03-23 12:00:00

QC Copper Intersects Wide Gold and Copper Intervals inside the Springer-Perry Conceptual Pit and Highlights the Eastern Veins for a Potential Satellite Pit

Exploration Programs

QC Copper Intersects Wide Gold and Copper

Intervals inside the Springer-Perry Conceptual

Pit and Highlights the Eastern Veins for a

Potential Satellite Pit

Toronto, Ontario--(Newsfile Corp. - March 23, 2023) - QC Copper and Gold Inc. (TSXV: QCCU)

(OTCQB: QCCUF) ("

QC Copper

" or the "

Company

") is pleased to report the results from an additional

13 diamond drill holes with multiple wide stacked intersections of copper mineralization.

These results

continue to emphasize the gold-rich nature of the veins in the southern part of the Springer conceptual pit

and highlight high copper grades on Perry and the open pit resource potential of the Eastern Veins.

Highlights Include:

South Springer Pit Area

OPM-23-253

0.79% Copper and 0.50 gpt Gold over 9.0m from 40.5m, and

0.36% Copper and 0.25 gpt Gold over 100.5m, from 64.5m

OPM-23-255

0.44% Copper and 0.30 gpt Gold over 55.5m from 78m

OPM-23-250

0.37% Copper and 0.22 gpt Gold over 73.5m from 108m

OPM-23-248

2.95 gpt Gold over 2.8m from 15m, and

1.49% Copper and 1.11 gpt Gold over 4.8m, from 63m

Perry Mine Area

OPM-23-245

1.68% Copper over 4.5m from 154.5m, followed by 0.95% Copper and 0.22 gpt Gold

over 9.0m, from 174m

East Veins

OPM-23-252

6.36% Copper and 0.14 gpt Gold over 2.9m from 114m, followed by 0.33% Copper over

10.5m from 162m

OPM-23-247

0.39% Copper over 6.0m from 69m, followed by 0.34% Copper over 4.0m from 124.5m,

followed by 0.26% Copper over 22.5m from 142.5m

"These results continue to provide encouragement that the revised mineral resources estimate (MRE)

that is currently being prepared will improve over the 2021 MRE which generated a resource of 81.7

million tonnes at a grade of 0.65% Copper and 0.31 gpt Gold in the Measured and Indicated categories

and an additional 21.4 million tonnes at 0.51% Copper and 0.30 gpt Gold. The revised MRE on

Opemiska will include an additional 175 diamond drillholes bringing the total drilling to 66,341m in 280

diamond drill holes," said Charles Beaudry, Director, Vice President of Exploration for QC Copper and

Qualified Person as defined in NI43-101.

Click here to view cross sections and plan view of reported intersections.

Summary of reported composite intersections: Table 1

HOLE

UTM

Coordinates

(East/North)

From

(m)

Interval

(m)

Grade

(%)

(gpt)

(ppm)

OPM-

23-

238

510622 /

5515701

126

129

0.449

0.015

2.017

OPM-

23-

240

510521 /

5515552

468

475.3

7.3

0.245

0.05

3.978

200

486.8

489.5

2.7

0.455

0.026

6.652

176

194

OPM-

23-

245

510505 /

5515686

154.5

159

4.5

1.681

0.037

9.473

240

174

183

0.947

0.221

5.3

173

OPM-

23-

247

511458 /

5515282

0.391

0.019

4.8

265

124.5

128.5

0.341

0.081

5.338

282

160

142.5

165

22.5

0.255

0.02

4.675

198

OPM-

23-

248

509722 /

5514717

17.8

2.8

0.057

2.947

2.496

2056

67.8

4.8

1.492

1.107

7.946

OPM-

23-

249

511702 /

5515627

55.5

61.5

0.426

0.005

0.965

OPM-

23-

250

509736 /

5514726

108

181.5

73.5

0.37

0.217

2.546

121

OPM-

23-

250A

509727 /

5514723

19.5

23.1

3.6

1.332

0.284

4.692

OPM-

23-

252

511451 /

5515303

114

116.9

2.9

6.361

0.135

34.931

295

131

162

172.5

10.5

0.324

0.027

5.586

266

OPM-

23-

253

509742 /

5514715

40.5

49.5

0.787

0.495

3.187

64.5

165

100.5

0.362

0.245

2.257

259

OPM-

23-

254

511568 /

5515652

199.5

202.9

3.4

0.606

0.019

9.174

188

131

OPM-

23-

255

509759 /

5514710

0.219

0.246

0.741

133.5

55.5

0.443

0.295

3.133

167

144

150

0.36

0.175

3.8

191

OPM-

23-

257

511343 /

5515295

35.6

5.6

0.315

0.028

6.271

Southern Springer Pit Area (near Gwillim Fault)

Assay results for the southern limit of the Springer pit continue to surprise with higher gold grades near

the Gwillim Fault.

The holes were collared to intersect Veins #4 and #5 and hole 248 intersected 2.95

gpt old over 2.8m followed by a second interval spanning 4.8m which assayed 1.1 gpt Gold and 1.5%

Copper.

Hole 253 returned two significant mineralized intervals with the first grading 0.79% Copper and

0.50 gpt Gold over 9.0m starting at 40.5m, followed immediately by 0.36% Copper and 0.25 gpt Gold

over 100.5m starting at 64.5m.

In addition, hole 250 and 255 returned 73.5m with 0.37% Copper and

0.22 gpt Gold and 55.5m with 0.44% Copper and 0.30 gpt Gold, respectively.

Perry Mine Area

Results for the Perry Mine area confirmed that the mine operators overlooked some high grade copper

veins.

Hole 245 intersected 1.68% Copper over 4.5m from 154.5m, immediately followed by 0.95%

Copper and 0.22 gpt Gold over 9.0m from 174m.

Eastern Veins

The Eastern Veins were drilled for a potential satellite pit and results are confirming expectations.

Hole

247 returned three mineralized intervals with the first one returning 0.39% Copper over 6.0m followed by

0.34% Copper over 4.0m followed by 0.26% Copper over 22.5m.

Hole 252 intersected a very high

copper grade of 6.36% Copper and 0.14 gpt Gold over 2.9m followed by 0.33% Copper over 10.5m.

For the latest videos from QC Copper, Ore Group and all things Mining, subscribe to our

YouTube Chanel:

youtube.com/@theoregroup

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, including the insertion of standards and blanks and verification assays in

a secondary laboratory. All the core received from the drill is split in half, bagged and sent to ALS-Global

facilities in Quevillon, Quebec for sample preparation and then the pulps are shipped to AlS-Global's

Vancouver laboratory or some other location in the world for analysis using ALS-Global's standardized

ISO-compliant methods, all of which are listed in the laboratory certificates provided with the assay

results. The remaining half core along with the rejects and the pulps returned from the laboratory are

securely stored at QC Copper's facilities in Chapais, Quebec. Quality Control results, including the

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

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

coordinates. Collars are oriented using a gyroscopic north-finding system and downhole deviations

surveys are done with a single-shot gyroscopic instrument at 30 to 50m intervals. For veins oriented

approximately east-west and dipping towards the north, and drill holes oriented due south and plunging

between 50 and 65 dips, the true width of mineralized intersections are equal or greater than 80% of the

quoted core length composite intervals. This observation also holds for veins oriented northwest-

southeast and dipping towards the northeast with holes drilled towards the southwest at 225 degrees

with dips between 50 and 65 degrees. However, for other drill hole orientations relative to these veins or

other less common vein orientations, the true widths of mineralized intersections are less.

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

www.qccopper.com

And please follow us on Twitter

@qccoppergold

To speak to the Company directly, please contact:

Stephen Stewart, Chief Executive Officer

Phone:

416.644.1571

Email:

[email protected]

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

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/159519

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