Mr. Terry MacDonald reports

COPPER LAKE RESOURCES APPOINTS RAKESH MALHOTRA AS CHIEF FINANCIAL OFFICER

Copper Lake Resources Ltd. has appointed Rakesh Malhotra, CPA, CA; CPA (United States), as chief financial officer, effective immediately.

Mr. Malhotra brings more than 30 years of senior financial leadership experience across public and private companies in North America and the Middle East. His expertise spans accounting, capital markets, corporate governance, financial reporting, mergers and acquisitions, and strategic growth initiatives.

Mr. Malhotra currently serves or has served as chief financial officer and senior finance executive for several publicly listed companies on the TSX Venture Exchange and Canadian Securities Exchange, bringing extensive experience in public company reporting, regulatory compliance, capital markets, mergers and acquisitions, and corporate governance.

Mr. Malhotra is a chartered professional accountant (CPA, CA) in Canada and a U.S. certified public accountant (CPA). He holds a bachelor of commerce (honours) degree and brings extensive experience guiding organizations through periods of expansion, financing and strategic transformation.

Commenting on his appointment, Mr. Malhotra stated: "I am excited to join Copper Lake Resources at an important stage in the company's evolution and growth. Copper Lake's portfolio of high-potential critical minerals and precious metals assets in Ontario presents a compelling opportunity. I look forward to working closely with the board and management team to strengthen the company's financial platform, support strategic initiatives and create long-term value for shareholders."

Terry MacDonald, chief executive officer of Copper Lake, commented: "We are pleased to welcome Rakesh to Copper Lake as our chief financial officer. His extensive experience in financial management, capital markets, corporate governance and strategic planning will be invaluable as we continue to advance our Marshall Lake and Norton Lake projects, and pursue our growth objectives. Rakesh's proven leadership and depth of experience will strengthen our executive team and support the Company's next phase of development."

The appointment remains subject to approval by the TSX Venture Exchange.

About Copper Lake Resources Ltd.

Copper Lake Resources is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario. The Marshall Lake high-grade VMS (volcanogenic massive sulphide) copper, zinc, silver and gold project, comprises an area of approximately 220 square kilometres located 120 km north of Geraldton, Ont., and is just 22 km north of the main CNR rail line. Copper Lake has an 82.97-per-cent interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells staked in 2018 and 2020 that are 100 per cent owned and not subject to any royalties. These newer claims add approximately 30 square km to the property.

In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100 per cent owned by the company and are not subject to any royalties. The Sollas Lake property consists of 20 claim cells comprising an area of four square km on the east side of the Marshall Lake property where historical EM airborne geophysical surveys have outlined strong conductors on the property hosted within the same favourable felsic volcanic units. The Summit Lake property currently consists of 100 claim cells comprising an area of 20.5 square km, is accessible year-round and is located immediately west of the original Marshall Lake property. The Marshall Lake project is located in the traditional territories of Aroland and Animbiigoo Zaagi'igan Anishinaabek (AZA) first nations.

Copper Lake has a 69.79-per-cent joint venture interest in the Norton Lake nickel, copper, cobalt and palladium PGM (platinum group metals) property, located in the southern Ring of Fire area, is approximately 100 kilometres north of the Marshall Lake property. The company filed an updated National Instrument 43-101 in October, 2023, with a mineral resource of open pit, and underground measured plus indicated resources of 1,795,000 tonnes at an average grade of 0.72 per cent Ni (nickel), 0.69 per cent Cu (copper), 339 ppm (parts per million) Co (cobalt), 0.52 gram per tonne Pd (palladium), 0.17 g/t Pt (platinum) and containing 28.3 million pounds of nickel and 27.3 Mlb of copper. The Norton Lake property is located in the traditional territories of Eabametoong (Fort Hope) and Neskantaga First Nations.

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