Mr. Simon Quick reports

CANADIAN COPPER COMPLETES SALE OF TURGEON PROJECT

Canadian Copper Inc. has completed its sale transaction of the Turgeon project to Raptor Resources Ltd.

Simon Quick, chief executive officer of Canadian Copper, stated: "We are confident that New Brunswick is as an excellent jurisdiction to discover, permit, build and operate new critical mineral mines. This is excellent news to see now a growing list of companies like Raptor deploy their exploration expertise and capital in the Bathurst camp. We will watch your progress with great interest."

Summary of transaction

The company announced two sale agreements for its Chester and Turgeon projects on March 4, 2024. The company's reasoning for this sale was to allocate its focus and capital to the Murray Brook project and its intent to consolidate this asset with the Caribou processing complex.

Total consideration received from the transaction since March 4, 2024, is:

• $1,462,628 in cash;
• 27,267,609 common shares in Eastern Metals Ltd. (EMS) (to be renamed Raptor); EMS currently trades on the Australian Stock Exchange (ASX) under the ticker EMS trading for 3.8 Australian cents per share. These shares become free-trading Dec. 15, 2026;
• 8,343,316 EMS performance rights; these performance rights expire Dec. 15, 2030.

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 184,148,752 shares issued and outstanding in the company.