Mr. Jeremy Yaseniuk reports

COPAUR NEAR SURFACE RESOURCE EXPANSION AT KINSLEY MOUNTAIN MAIN PIT DRILLS 14 METRES OF 0.51 G/T GOLD OXIDE MINERALIZATION EXTENDS 150 METRES OUTSIDE PIT SHELL

Copaur Minerals Inc. has released the drill results for the final three reverse circulation drill holes.

Resource expansion drilling at Main Pit North has intersected wide oxide gold intercepts at more that double the resource cut-off of 0.2 gram per tonne gold. The current results, in conjunction with prior drilling by the company during 2020, and by previous operators, define an emerging zone mineralization at Main Pit North extending 150 metres outside of the current resource pit shell. The results reaffirm the company's view that Main Pit North, in conjunction with the emerging Secret Spot target surface oxide discovery, is expected to be key oxide gold resource expansion drivers at Kinsley Mountain moving forward.

Kinsley Mountain is a unique property, located 90 kilometres south of the Long Canyon (1), hosting eastern Great basin Carlin-type high-grade sulphide gold (Western Flank zone) and near-surface oxide gold resources (Main Pit North target). The project was a historical past producer that yielded 138,000 ounces of near-surface open-pit oxide gold with a cut-off grade of 0.2 g/t Au between 1995 and 1999 (2).

RC drilling at Main Pit North continues to demonstrate strong resource expansion potential with multiple holes yielding broad shallow oxide gold intercepts, including KMR23-07 returning 13.7 metres averaging 0.51 g/t Au; and KMR23-05 yielding 7.6 metres averaging 0.42 g/t Au oxide.

These wide oxide gold intercepts in conjunction with economically attractive shallow high-grade oxide intercepts, including 7.6 metres averaging 9.8 g/t Au in KMR20-030, multiple broad shallow oxide gold intercepts drilled by the company during 2020, in addition to the 10.7 metres averaging 4.2 g/t Au already reported in KMR23-04 this year, reaffirm the company's view that Main Pit North, in conjunction with the emerging Secret Spot target surface oxide discovery, is expected to be key oxide gold resource expansion drivers at Kinsley Mountain moving forward.

RC drill hole KMR23-06 at Main Pit North experienced poor recovery through potential mineralized zone leaving insufficient material for sampling.

Chief executive officer Jeremy Yaseniuk stated: "RC drilling at the Main Pit North target continues to yield broad intercepts that are expected to contribute to a significant potential expansion of near-surface oxide gold resources. The results announced today place Kinsley Mountain among the premier resource-stage gold projects in Nevada. The property is accessible 12 months out of the year, and we are looking to return as soon as possible."

Methodology and quality assurance/quality control

Assaying was performed by ALS Global, Vancouver, Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of Copaur and the qualified person. Drill core and RC drill samples were subject to crushing to a minimum of 70 per cent passing two millimetres, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Gold determination was by standard 30-gram fire assay analysis with atomic absorption spectroscopy finish, in addition to 51-element ICP-MS. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject leach analysis, where the sample is treated with a 0.25 per cent NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS.

Copaur follows industry standard procedures for the work carried out on the Kinsley Mountain gold project, with a quality assurance/quality control program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Copaur detected no significant QA/QC issues during review of the data. Copaur is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, PGeo (British Columbia), principal and consultant, and Christopher W. Livingstone, PGeo (B.C.), senior geologist, both of Apex Geoscience Ltd. of Edmonton, Alta., and qualified persons as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Raffle and Mr. Livingstone have verified the data disclosed, which include a review of the sampling, analytical and test data underlying the information and opinions contained herein.

About Copaur Minerals Inc.

Copaur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia. The company is backed by a dynamic and experienced team of resource professionals advancing multiple holdings across both regions -- the flagship being Kinsley Mountain gold property, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines), and its 100-per-cent-owned Williams project that points to significant gold-copper potential within the prolific Golden Horseshoe of Northern British Columbia, Canada.

(1) Mineralization at the Long Canyon mine is not necessarily indicative of mineralization within Copaur properties.

(2) Technical report on the Kinsley project, Elko county, Nevada, United States, dated June 21, 2021, with an effective date of May 5, 2021, and prepared by Michael M. Gustin and Gary L. Simmons, and filed under New Placer Dome Gold Corp.'s issuer profile on SEDAR+.

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