Mr. Vince Sorace reports

KUTCHO COPPER EXPANDS HIGH-GRADE MINERAL RESOURCES TO 17.26 MT OF MEASURED & INDICATED AT 2.61% CUEQ AND 10.71MT OF INFERRED AT 1.67% CUEQ; OUTLINES ADDITIONAL NEAR RESOURCE TARGETS

Kutcho Copper Corp. has provided an updated mineral resource estimate that will be used as the basis for its upcoming feasibility study on its 100-per-cent-owned Kutcho high-grade copper-zinc project located in British Columbia. The mineral resource estimate was prepared under the direction of Robert Sim, PGeo, with the assistance of Dr. Bruce Davis, PhD, FAusIMM, by SIM Geological Inc.

"We are pleased to announce an updated mineral resource estimate for the Kutcho project that incorporates the significant work and new drilling conducted by Kutcho Copper during our first full year of ownership. The updated mineral resource includes a substantial 84-per-cent increase in inferred mineral resources compared to the 2017 resource estimate. In addition, there remains significant exploration potential between, below and along strike from the existing mineral resources, providing further upside opportunities to grow the size of the project. This expanded mineral resource will form the foundation for the feasibility study, which is slated to be completed in the second quarter/third quarter of 2019," stated Vince Sorace, president and chief executive officer of Kutcho Copper.

               KUTCHO PROJECT -- ESTIMATE OF MINERAL RESOURCES       
                
Class                     Tonnes      CuEq      Cu     Zn      Au        Ag
                           (000)       (%)     (%)    (%)   (g/t)     (g/t)

Main deposit
Measured                   5,831      2.66    1.92   2.78    0.48      28.7
Indicated                  9,003      2.20    1.62   2.13    0.40      29.2
Measured and
indicated                 14,834      2.38    1.74   2.38    0.43      29.0
Inferred                   1,902      1.98    1.31   2.16    0.48      29.7
Esso deposit
Indicated                  2,425      3.98    2.52   4.76    0.81      64.0
Inferred                   1,025      2.30    1.60   2.23    0.52      41.4
Sumac deposit
Inferred                   7,779      1.52    1.10   1.60    0.17      16.9
Combined -- all
deposits
Measured                   5,831      2.66    1.92   2.78    0.48      28.7
Indicated                 11,428      2.58    1.81   2.68    0.49      36.5
Measured and
indicated                 17,259      2.61    1.85   2.72    0.49      33.9
Inferred                  10,706      1.67    1.18   1.76    0.26      21.5

Notes 
(1) The estimates in the table are considered to be amenable to underground 
extraction methods. The base case cut-off grade is 1.2 per cent copper 
equivalent (CuEq) based on the formula CuEq equals (copper per cent times 
0.825) plus (zinc per cent times 0.302) plus (silver grams per tonne times 
0.004) plus (gold g/t times 0.262). Mineral resources are not mineral 
reserves because the economic viability has not been demonstrated. 
(2) Estimate assumes costs: mining (underground) $34 (U.S.)/tonne, 
processing $18 (U.S.)/t, general and administrative expense $10 (U.S.)/t,
copper price $3 (U.S.)/pound, zinc price $1.25 (U.S.)/t, gold price 
$1,350 (U.S.)/ounce, silver price $17 (U.S.)/ounce, copper payable 
recovery 82.5 per cent, zinc payable recovery 72.5 per cent, silver payable 
recovery 45 per cent, gold payable recovery 40 per cent.
(3) Effective date of resource estimate Feb. 22, 2019.
(4) Inferred mineral resources are considered too speculative geologically 
to have economic considerations applied to them that would enable them to 
be categorized as mineral reserves. There is also no certainty that these 
inferred mineral resources will be converted to the measured and indicated 
categories through further drilling, or into mineral reserves, once 
economic considerations are applied.
(5) Assumptions used to derive the cut-off grades in order to meet the NI 
43-101 requirement for mineral resource estimates to demonstrate 
reasonable prospects for eventual economic extraction. The cut-off grades 
to be used in the upcoming feasibility study may vary from those used to 
limit the mineral resources reported herein, as the inputs to that study 
are determined. No inference is implied in the changes to the assumptions 
used in the cut-off grade calculations from the prior mineral resource 
estimates as to what will be used in the upcoming feasibility, as those 
assumptions remain to be determined.
 

Updated mineral resource metrics:

• 38 new drill hole intersections through the Main and Esso deposits utilized to update the new mineral resource calculation (three at Esso, 35 at Main);
• 2018 drilling successfully delineating additional mineral resources along the downdip edge of Main, which remains open to further expansion;
• Drilling defining a large contiguous body of measured resources at Main.

"The definition of an updated, robust and larger resource estimate is a significant milestone for the company," stated Rob Duncan, chief operating officer for Kutcho Copper. "Based on new drill hole data and an independent mineral resource estimation at Kutcho, we have expanded the mineral resources at Kutcho and demonstrated potential for further reserve growth in the upcoming feasibility study."

High-priority near-resource targets

Four excellent targets exist on the Kutcho project that are located between, below or along strike from existing mineral resources. These targets represent high-probability drill areas that could result in significant accretive value to the project:

1. The Main-Sumac gap identifies a 400 m by 380 m panel between the Main and Sumac lenses that is untested by drilling. A conductive geophysical anomaly coincides with the area and is 360 m long. K003, the most eastern hole to intersect the Sumac lens and located on the western margin of the gap, returned 5.12 m of 1.29 per cent Cu, 0.49 per cent Zn and seven g/t Ag.
2. Open downdip: Significant portions of all three lenses remain open downdip outside of current resources including over 36 per cent of Main, 50 per cent of Esso and 100 per cent of Sumac.
3. The Esso-West expansion target lies 300 m west of the Esso deposit where 150 m of a 1,500 m long geophysical anomaly has been drill tested. Drilling returned several mineralized intercepts including 7.2 m of 2.0 per cent Cu, 5.2 per cent Zn and about 17 g/t Ag in hole E094B3. There remain 300 metres of untested Kutcho horizon between hole E094B3 and Esso, along with an additional 1,000 m of untested horizon to the west of hole E094B3 (off western edge of map).
4. The Footwall zone (FWZ) lies beneath the Main zone and represents a stacked massive sulphide horizon that is open in all directions. The last drill hole to the east and downdip intersected 1.5 m of 3.54 per cent Cu, 6.94 per cent Zn, 316.9 g/t Ag and 1.47 g/t Au in hole E057.

Mineral resource estimation methodology

Mineral resource estimates are generated using a total of 362 drill holes at the Main deposit, 118 drill holes at the Esso deposit and 29 drill holes in the vicinity of the Sumac deposit. Drill holes are collared from surface and extend to depths of 700 m below surface in some areas. Mineral resource estimates are derived from three-dimensional block models with nominal block sizes measuring five by 2.5 by five m. Resource estimates were generated using drill hole sample assay results and the interpretation of geological models which relate to the spatial distribution of copper, zinc, gold and silver in the deposits. Interpolation characteristics were defined based on the geology, drill hole spacing and geostatistical analysis of the data. The effects of potentially anomalous high-grade sample data, composited to one-metre intervals, are controlled using both traditional top cutting as well as limiting the distance of influence during block grade interpolation. Block grades are estimated using ordinary kriging and have been validated using a combination of visual and statistical methods to ensure they are appropriate representations of the underlying sample data. Resources in the measured category are delineated with drill holes on a regular 25 m pattern. Resources in the indicated category are delineated with holes on a nominal 50 m pattern and inferred class resources extend to a maximum distance of 100 m from a drill hole. It is assumed that the Kutcho deposits would be mined using underground extraction methods. Based on projected technical and economic parameters, the deposits form consistent zones of mineralization, above a projected base case cut-off threshold of 1.2 per cent CuEq, that are considered to be amenable to underground mining methods.

Qualified person

Robert Sim, PGeo, independent consultant to the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the contents of this news release related to the mineral resource estimate. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to the ALS sample preparation laboratory in Whitehorse, Yukon, Canada, and then transferred to ALS's laboratory in Vancouver, B.C., for fire assay and ICP (inductively coupled plasma) analysis. The precision and accuracy of results are tested through the systematic inclusion of standards, blanks and check assays. The mineral resource estimate referenced in this press release was prepared in November, 2018, by Mr. Sim, an independent qualified person as defined by NI 43-101. Kutcho's additional disclosure of a technical or scientific nature in this press release has been reviewed and approved by Rory Kutluoglu, BSc, PGeo, Kutcho's vice-president of exploration and development, who serves as a qualified person under the definition of National Instrument 43-101. In the opinion of the QP, the mineral resource estimate reported herein is a reasonable representation of the mineralization found at the Kutcho project at the current level of sampling. The mineral resources were estimated in conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (Nov. 23, 2003) and is reported in accordance with NI 43-101.

About Kutcho Copper Corp.

Kutcho Copper is a Canadian resource development company focused on expanding and developing the Kutcho high-grade copper-zinc project in Northern British Columbia. Committed to social responsibility and the highest environmental standards, the company intends to progress the Kutcho project through feasibility and permitting to a positive construction decision.

We seek Safe Harbor.