Mr. John Timmons reports

COPPER ROAD RESOURCES COMMENCES SUMMER 2023 DIAMOND DRILLING PROGRAM IN BATCHEWANA BAY, ONTARIO

Copper Road Resources Inc. has commenced the 2023 drill program at the highly prospective JR zone at its Copper Road project in Batchewana Bay, Ont. The current drill campaign is designed to demonstrate that the JR zone hosts a shallow mineralized porphyry and high-grade breccia in the centre of the company's district-scale land package that hosts two past-producing copper mines.

The JR zone, comprising the Jogran porphyry and nearby Richards breccia, is located approximately 12 kilometres from the former Tribag mine zone, which the company drilled in 2022 (see press release dated Oct. 13, 2022). Copper Road has previously completed mobile metal ion (MMI) soil sampling and digitization of historical geophysical surveys at the JR zone (Jogran-Richards) and has determined the 1.5-kilometre-by-800-metre area is prospective for the discovery of additional copper mineralization.

The 2023 summer diamond drilling program, totalling 1,000 metres, is the first step in proving the JR zone as a large-scale zone of economic copper mineralization at shallow depths.

John Timmons, president and chief executive officer of Copper Road, commented: "We are excited about the prospect of identifying an additional large-scale near-surface zone of copper/molybdenum/silver/gold mineralization in the heart of our 21,000-hectare project. Jurisdiction is becoming increasingly important in the modern quest for critical minerals, and our district-scale property in Sault Ste. Marie, 20 kilometres from the TransCanada Highway, checks all the boxes.

"There have been very few new shallow copper discoveries in Tier 1 jurisdictions in the past decade. Given the potential large scale of the JR zone, Copper Road is poised to unlock significant value for shareholders, and we look forward to the results from the summer program."

The company is currently drilling the following priority targets at the JR zone:

• J-P-23-01: The hole will test the Jogran porphyry at depth proximal to historical diamond drill holes from 1964: JDH-13 (five metres to 152 metres: 147 metres of 0.27 per cent copper and 0.068 per cent MoS2 (molybdenum disulphide), or 0.53 per cent copper equivalent) and JDH-16 (five metres to 170 metres: 165 metres of 0.23 per cent copper and 0.054 per cent MoS2, or 0.43 per cent copper equivalent), neither of which were assayed for potential byproduct metals (for example: gold, silver, rhenium and tungsten). The hole will be designed to test the porphyry mineralization to a vertical depth of 400 metres, which is approximately twice the extent of known mineralization.
• R-P-23-01: The hole will test the extension of the historic high-grade intercepts in the Richards breccia by stepping out approximately 50 metres to the west of AR98-07 (27 metres of 1.46 per cent copper, 0.17 gram per tonne gold and 3.8 grams per tonne silver) at a vertical depth of approximately 50 metres. The company interprets the high-grade mineralization to follow the perimeter of the breccia pipe similar to the Breton breccia and Tribag mine zone. This is supported by the semi-circular geometry of the gradient IP (induced polarization) anomaly associated with the Richards breccia.

Additional drill holes have been engineered to follow up on the new targets, such as the J2 Roof zone and the Richards NW chargeability anomaly, as well as follow up on visual results of mineralization in the first two proposed holes (J-P-23-01 and R-P-23-01) with stepouts.

Note: Assumptions used in U.S. dollars for the copper equivalent calculation were metal prices of $3.60 per pound copper and $52 per kilogram molybdenum, and recovery is assumed to be 100 per cent as no metallurgical test data are available. The following equation was used to calculate copper equivalence: Copper equivalent equals copper (per cent) plus (molybdenum (per cent) multiplied by 6.551898) (molybdenum per cent equals MoS2 multiplied by 0.6).

Qualified person

Augusto Flores IV, PGeo, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

About Copper Road Resources Inc.

Copper Road Resources is a Canadian-based explorer engaged in the acquisition, exploration and evaluation of properties for the mining of precious metals and base metals. The company is exploring for large, copper-dominant polymetallic deposits on the 21,000-hectare Batchewana Bay project, 80 kilometres north of Sault Ste. Marie, Ont., Canada.

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