Mr. Simon Quick reports

CANADIAN COPPER PROVIDES STATUS UPDATE ON PRELIMINARY ECONOMIC ASSESSMENT AND EXPLORATION PROGRAM

Canadian Copper Inc. has provided an update on its corporate activities related to its coming Caribou complex preliminary economic assessment (PEA) and its continuing Murray Brook East exploration program.

Combined strategy PEA -- Murray Brook deposit and the Caribou complex

The company is scheduled to publish the financial and annual production results of its combined strategy PEA this month of May, 2025, as planned. The development plan envisions processing the 100-per-cent-owned Murray Brook deposit at the existing and permitted Caribou processing complex. The company signed a term sheet on Oct. 28, 2024, to purchase the Caribou processing complex.

The following activities remain to be completed prior to publishing the PEA this month:

• Tailings expansion design, capital and closure strategy;
• Project capital and operating cost review;
• Combined strategy reclamation cost estimate.

Murray Brook East exploration update

The exploration program at Murray Brook East remains on schedule for drilling in June. Required permitting and data compilation were completed in April. During the month of May, mapping, prospecting and trenching will be carried out to further refine targets. The company expects to begin drilling its 1,500-metre drill program in June and results are expected for Q3 2025.

The current Murray Brook East target area is 5.5 kilometres in size and its eastern boundary is four kilometres west of the past-producing Caribou mine. Work completed to date on the area consists of several geophysical surveys: MegaTEM in 2004, HeliTEM in 2011, gravity in 2012, and MT (magnetotelluric) in 2021. In 2022, a 5.7-kilometre-long comprehensive soil geochemical sampling program was completed and this area will be the focus of Canadian Copper's exploration efforts this year. This target area shares important geological and geophysical characteristics as the Murray Brook deposit, which sits only five kilometres to the west. The Murray Brook deposit is located adjacent to a large magnetic anomaly and sits on the same Caribou horizon.

About Canadian Copper Inc.

Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The company is focused on the prolific Bathurst mining camp (BMC) of New Brunswick, Canada. There are currently 104,981,836 shares issued and outstanding in the company.

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