Mr. Terrence MacDonald reports

COPPER LAKE RESOURCES STAKES ADDITIONAL GROUND AT ITS MARSHALL LAKE PROPERTY IN ONTARIO

Copper Lake Resources Ltd. has increased its land position by staking an additional 192 claim cells on its eastern and western boundaries. The staking consolidates known extensions of the Marshall Lake felsic volcanic complex and overlying iron formation. Encouraging results from the recently completed 14-hole winter drilling program highlight potential of this underexplored greenstone belt to host precious metals enriched copper-zinc-silver-gold volcanogenic massive sulphide (VMS) deposits (see press release dated May 23, 2018).

Marshall Lake property

Staking to the west covers projected strike extensions of the favourable horizon hosting known deposits and showings. This area has seen little historic exploration work due to limited outcrop exposure and was not flown by recent VTEM surveys.

Staking to the east covers strong, untested VTEM conductors associated with tuffs immediately overlying coarse felsic fragmental rocks interpreted as vent facies cryptodomes situated along a synvolcanic fault by the Ontario Geological Survey. These conductors have never been drilled.

The new staking comprises an additional 4,224 hectares bringing the contiguous Marshall Lake land position to 14,700 hectares (147 square kilometres). The Marshall Lake property is road-accessible, located 250 kilometres northeast of Thunder Bay, Ont., and covers a prominent calc-alkaline felsic volcanic centre and synvolcanic intrusion within the eastern portion of the Archean-age Wabigoon Subprovince.

Next steps

The company is currently conducting fieldwork to ground truth these two promising conductors and assess access routes to mobilize drilling equipment to test these targets as soon as possible.

Qualified person

The contents of this news release were read and approved by George Mannard, PGeo, who is acting as QP for the company under the rules of National Instrument 43-101.

About Copper Lake Resources Ltd.

Copper Lake Resources is advancing the Marshall Lake high-grade VMS copper-zinc-silver-gold property, just north of Geraldton, Ont., accessible by all-season road. CPL currently has a 75-per-cent interest in the Marshall Lake property.

The Norton Lake nickel-copper-cobalt PGM property (69.79 per cent), located in the southern Ring of Fire area, is approximately 100 km north of the Marshall Lake property. It has a National Instrument 43-101-compliant measured and indicated resource of 2.26 million tonnes at 0.67 per cent Ni, 0.61 per cent Cu, 0.03 per cent cobalt and 0.46 g/t palladium, open for expansion.