Mr. Alar Soever reports

LARGE CHARGEABILITY ANOMALY DEFINED AT CARUBE COPPER'S ROGERS CREEK COPPER PROJECT, BC

A large chargability anomaly has been delineated from the results of a recently completed IP (induced polarization) survey on Carube Copper Corp.'s 100-per-cent-owned Rogers Creek copper project in southwestern British Columbia. The chargability anomaly is immediately north of a previously defined mineralized area and also adjacent to two diamond drill holes which intersected elevated copper values in a structure adjacent to the anomaly.

Alar Soever, chairman of Carube Copper, commented: "We are extremely excited by the results of the 2015 IP survey. All of the previous work on the property had indicated that the surveyed area has high mineral potential and warranted the IP survey. It is gratifying to see the anomaly is located adjacent to holes MRC-006 and MRC-007. Both drill holes intersected porphyry-style alteration and mineralization within the structural zone that borders the east edge of the chargability anomaly. The location and character of this anomaly makes it a high priority drilling target for 2016."

The new chargability anomaly defined on lines 109+00N and 111+00N by the 2015 IP survey measures up to 500 metres across and remains open to the north. These estimates are based on the peak chargability values greater than 40 mV/V (millivolts per volt). The greater than 40 mV/V chargability isoshell, which measures at least 200 metres across, is first encountered at a depth 250 metres under the north wall of the Rogers Creek Valley, about 300 metres above the valley floor. The anomaly reaches it largest confidently known extent as it approaches the same elevation as the valley floor and allows for an estimated minimum size of isoshell at 400 metres by 400 m by 300 m. A number of copper occurrences consisting of disseminated pyrite-chalcopyrite and quartz-pyrite-chalcopyrite veins and veinlets associated with zones of pervasive chlorite-sericite mineralization are present on surface immediately down slope of the anomaly.

Holes MRC-006 and MRC-007 tested some of the occurrences and intersected minor copper mineralization consisting of sparsely disseminated, porphyry-style pyrite-chalcopyrite mineralization and alteration (propylitic and chlorite/sericite) consistent with intersections in the outer pyritic halo of a buried porphyry system. These two holes appear to have passed over the southwestern edge of the new chargability anomaly, which remains untested by drilling at this time.

Results of the IP survey will be incorporated into a comprehensive 3-D geology, alteration and geophysics model of this area to inform drill targeting.

Carube Copper's Rogers Creek property is located within the Cascade magmatic arc, a belt of tertiary and younger intrusive and extrusive rocks, which stretches from northern California up to the southern end of the Alaska Panhandle. Carube Copper's Mackenzie property and Amarc Resources' recently discovered IKE deposit (247 m of 0.28 per cent copper, 0.03 per cent molybdenum and 2.0 grams per tonne silver), which was optioned to Thompson Creek Metals ($15-million exploration expenses for 30 per cent) are located approximately 150 kilometres north of Rogers Creek and within the Cascade magmatic arc. The Cascade magmatic arc formed as a result of the subduction of various Pacific Ocean plates, transform faults and ridges beneath the North American continent over the past 65 million years. The majority of the Cu, Au and Mo resources being mined in the world, primarily in Chile, Peru, the United States and Indonesia, come from similarly aged belts of porphyry intrusions. In the United States, the Cascade magmatic arc has produced mineral deposits of significant size, such as Quartz Hill (1.6 billion tonnes of 0.127 per cent MoS2 (1)) in Alaska, and Glacier Peak (1.7 billion tonnes at 0.334 per cent Cu and 0.015 per cent MoS2 (2)) and Margaret (523 million tonnes at 0.36 per cent Cu, 0.013 per cent MoS2 (2)) in Washington (all historic resources referenced below).

(1) K.M. Maas, P.E. Bittenbender and J.C. Still, 1995, Mineral investigations in the Ketchikan mining district, southeastern Alaska: U.S. Bureau of Mines open-file report 11-95, page 606.

R. Lasmanis, Regional geological and tectonic setting of porphyry deposits in Washington State: porphyry deposits of the northwestern Cordillera of North America, CIM special volume 46, pages 77 to 102.

We seek Safe Harbor.