Mr. Marcel de Groot reports

LOWELL COPPER ANNOUNCES EXERCISE OF WARRANTS; RESULTS OF 2014 ANNUAL GENERAL MEETING

Ninety-five per cent of Lowell Copper Ltd.'s 4.37 million warrants issued on Sept. 14, 2009 (see news release dated Sept. 17, 2009), have been exercised, raising gross proceeds of $641,700. Pursuant to such exercise, Lowell Copper has issued an aggregate of 2.07 million common shares (the company's common shares were consolidated on a one-for-two basis as part of the reverse takeover transaction completed on July 9, 2013). Of the common shares issued on the exercise of the warrants, 420,000 of such common shares are subject to the terms of an escrow agreement dated as of July 9, 2013, among the company, Computershare Investors Services Inc. and certain securityholders in connection with the RTO (see news release dated July 9, 2013). The remaining warrants have expired.

Annual general meeting results

The company also announces that all shareholder resolutions proposed at the company's 2014 annual general meeting of shareholders held on Sept. 10, 2014, were duly passed. Specifically, the shareholders passed resolutions approving: the consolidated financial statements of the company for the financial year ended Dec. 31, 2013, together with the reports of the auditors thereon; the re-election of J. David Lowell, Catherine McLeod-Seltzer, David De Witt, Marcel de Groot, Greg Smith and Shannon Shaw as the directors of the company; the reappointment of Grant Thornton LLP as the auditor of the company; the reapproval of the company's stock option plan; and amendments to the articles of the company to provide for the use of notice and access by the company in calling meetings of its shareholders.