Mr. Stephen Swatton reports

COPPERCORP RESOURCES ANNOUNCES RAZORBACK DRILLING UPDATE

Coppercorp Resources Inc. has provided an update on its diamond drilling campaign at the Razorback rare earth and copper property in western Tasmania, Australia.

The first diamond drill hole at the South Darwin prospect, SDD007, was designed to test 130-150m beneath high-grade REE-Cu mineralisation intersected in historical hole SDD0052. Hole SDD007 was completed to a depth of 553m on 29th February. Further planned drilling at South Darwin is currently on hold while the Company awaits assay results from SDD007 to optimize the targeting of next drill holes. The drill rig remains onsite and will undergo maintenance during this period.

Logging and sampling of SDD007 is well underway with samples from the first 200m of SDD007 already at the laboratory and remaining priority core intervals on schedule to be sampled and despatched during the coming week. First gold assay results are anticipated within 1 to 2 weeks, while prioritised REE assay results are anticipated within 3 to 4 weeks. A full update on SDD007 and any further drilling will be provided once assays have been received and interpreted.

Drill Hole SDD007SDD007 was designed to test for depth extensions approximately 130 to 150m below high-grade REE and Cu-Au mineralization intercepted in historical hole SDD0052:SDD005:72.0m @ 1.13 per cent total rare earth oxides (TREO) from 286m, including30.0m @ 2.26 per cent TREO from 296m, including10.0m @ 3.0 per cent TREO from 307m13.0m @ 1.2 per cent Cu and 0.45g/t Au from 345m

Geological logging indicates that SDD007 successfully intersected zones of biotite-allanite alteration rock and magnetite-sulphide mineralization characteristic of the REE and Cu-Au zones intersected in SDD005. At this early stage of exploration, visual inspection of the drill core provides limited insight into potential REE contents and assaying is required to confirm the extent and grade of the potential REE mineralized zones intersected.

Other Work Programs

Concurrent with the drilling program, the Company continues to carry out surface mapping and rock sampling programs within the Razorback property (Figure 1), as well as reprocessing and modelling of geophysical data over priority target zones (Darwin, Hydes and Jukes Zones3). The company looks forward to providing updates on this work during March.

Drill hole planning, environmental surveys and permitting is currently underway for proposed drilling programs at the Jukes3 and Jasper Hills6 Cu-Au prospects. These will be discussed in more detail in upcoming news releases.

About the South Darwin Prospect

The South Darwin prospect is located within the larger Darwin zone target area, defined by a 7km long north-south trending coincident magnetic and potassium-thorium radiometric anomaly. Historical drilling2 (comprising 8 diamond core holes totaling 2,293m) into part of this extensive anomaly at the South Darwin prospect intercepted significant IOCG style Cu-Au and REE mineralization associated with north-south trending hydrothermal breccias comprised of magnetite-hematite-pyrite-chalcopyrite-bornite mineralization hosted in intensely K-feldspar-chlorite-tourmaline altered volcanics directly adjacent to intrusive granites and porphyry bodies. The mineralization at South Darwin remains open at depth and along strike, and with the previous drilling testing less than 10 per cent of the 7km-long anomaly, the Company considers there to be excellent further REE and Cu-Au discovery potential at Darwin Zone.

The IOCG style mineralization drilled at South Darwin comprises vein, breccia and semi-massive to massive magnetite-pyrite-chalcopyrite. The previous drilling returned a best intercept of 13.0m @ 1.2 per cent Cu and 0.45g/t Au from 345m (SDD005)2,4 and the same hole also intercepted significant rare earth element mineralization2,4 including 30.0m @ 2.26 per cent TREO from 296m1.

About CopperCorp

CopperCorp is focused on the exploration and development of its Skyline and AMC Projects in western Tasmania. The company is well-financed with approximately C$5.5M in working capital as of January 10, 2024.

Quality Assurance / Quality Control on Assay Results

Information on historical and recent prospecting, mining, and exploration activities at the Razorback property contained within this news release has been reviewed and verified by the Qualified Person. Historical and recent data is considered sufficiently consistent between generations of past explorers, and sufficiently consistent with recent results, to provide confidence that compiled and reviewed assay results are indicative of the tenor of the samples. In the opinion of the Qualified Person, sufficient verification of historical and new data has been undertaken to provide sufficient confidence that past exploration programs were performed to adequate industry standards and the data reported is fit for substantiating the prospectivity of the project in general, supporting the geological model/s proposed, planning exploration programs, and identifying targets for further investigation. The Company has undertaken resampling and analysis of available historical drill core in order to independently verify historical results.

Mineralized Interval Calculations

Reported rare earth element significant mineralized intervals in this news release are calculated as down-hole length-weighted intercepts using a 0.15 per cent TREO lower cut-off grade and generally carry a maximum internal dilution of 4m. High-grade mineralized intervals were calculated using a lower cut-off grade of 1.0 per cent TREO. No top-cut grade was applied. True widths of drill hole intercepts are yet to be determined; however, it is estimated that true widths are in the range of 70 per cent to 95 per cent of reported intervals.

Rare Earth Element CalculationsTREO (Total Rare Earth Oxides) values were calculated by the formula: TREO = CeO2 + La2O3 + Nd2O3 + Pr6O11 + Sm2O3 + Gd2O3 + Dy2O3 + Eu2O3 + Er2O3 + Tb4O7 + Ho2O3 + Tm2O3 + Lu2O3 + Yb2O3 + Y2O3.

Standard element to oxide conversion factors have been used in the calculation of rare earth oxide values from elemental assay values.

Qualified PersonThe Company's disclosure of technical or scientific information related to EL8/2023 (the Razorback property), in this news release has been reviewed and approved by Sean Westbrook, VP Exploration for the Company. Mr. Westbrook is a Qualified Person (QP) as defined in National Instrument 43-101. This news release may also contain information about adjacent properties on which the Company does not have an interest. Information sources regarding the adjacent properties are listed in the References section of this news release. The QP has been unable to verify the information on these adjacent properties and the information is not necessarily indicative to the mineralization on the properties that is the subject of this news release.

We seek Safe Harbor.