Mr. John Timmons reports

COPPER ROAD RESOURCES INTERSECTS BROAD ZONES OF VISIBLE COPPER MINERALIZATION AT ITS COPPER ROAD PROJECT IN BATCHEWANA BAY, ONTARIO

Copper Road Resources Inc. has drilled broad intersections of visible copper mineralization at the highly prospective JR zone copper porphyry and breccia targets at its Copper Road project in Batchewana Bay, Ontario.

Highlights:

• At the Jogran porphyry target, both holes J-23-01 and J-23-02 intersected broad zones of copper mineralization (194 metres from four m to 198 m and 137 metres from four m to 141 m, respectively). Mineralization is exhibited as chalcopyrite plus molybdenite plus or minus bornite plus pyrite plus pyrrhotite disseminations, and in quartz veinlets hosted in a quartz-sericite-pyrite (phyllic)-altered quartz monzonite porphyry.
• At the Richards breccia target, two of four holes (R-23-01 and R-23-04) encountered wide intersections of copper mineralization (37 metres from 76 m to 113 m and 49 metres from 80 m to 129 m, respectively). The mineralization at Richards consists of chalcopyrite plus pyrite plus or minus pyrrhotite plus or minus chalcocite aggregates, disseminations and veinlets hosted in a chlorite-sericite-carbonate-pyrite-altered breccia.

John Timmons, president and chief executive officer of Copper Road, comments:

"We are eager to see the assays from the JR zone; over the past year, we completed 4,200 metres of diamond drilling and have established both the Tribag and JR zones as large-scale at-surface Cu-Mo-Au-Ag [copper-molybdenum-gold-silver] targets. The JR zone is in the centre of 30 kilometres of mineralization, with two past-producing high-grade copper mines, the Coppercorp to the southwest and the Tribag to the northeast.

"The company believes this region has the potential to deliver several much larger copper-dominant polymetallic deposits based on the extensive Cu-Mo-Au-Ag mineralization throughout this contiguous 24,000-hectare project."

The company believes that the JR zone has a current footprint of copper mineralization that is 1.5 kilometres long and 550 metres wide (open) based on reconnaissance MMI (mobile metal ion) soil lines and historical data compilation completed by the company (see press release dated June 6, 2023).

The JR zone is just one of several alkalic porphyry targets across the property, which also includes, among others, the former Tribag mine, Con-Negus and Gimlet Lake. The company currently compares these targets with well-known alkalic porphyry deposits and clusters in British Columbia, such as Galore Creek, Mt. Milligan, Mt. Polley, Afton-Ajax (Iron Mask) and Copper Mountain.

The summer 2023 drill program

The JR zone is located approximately 12 kilometres southwest of the former Tribag mine, which the company drilled in 2022 (see press release dated Oct. 13, 2022). The 2023 drill program tested the Jogran porphyry and Richards breccia targets, which are approximately one kilometre apart. The program consisted of seven drill holes totalling 1,224 metres, and was designed to test the extent and continuity of the mineralization encountered in previous historical exploration by Jogran Mines and Aurogin Resources. The company will release final assay results as they are received.

Two drill holes were completed at Jogran porphyry. Drill holes J-23-01 and J-23-02 were located in the vicinity of historical drill holes JDH-13 and JDH-16 to confirm historical results near surface and to extend the mineralization at depth. Both recent drill holes intersected broad zones of copper mineralization (194 metres from four m to 198 m and 137 metres from four m to 141 m, respectively). Mineralization is exhibited as chalcopyrite plus molybdenite plus or minus bornite plus pyrite plus pyrrhotite disseminations and in veinlets, hosted in a phyllic (quartz-sericite-pyrite)-altered quartz monzonite porphyry.

Notably, the copper and molybdenum mineralization also extends into the mafic volcanic wall rocks with an increase in occurrence of bornite mineralization at depth from 315 m to 346 m (31 m). The mineralization in the mafic volcanics is associated with localized and discrete zones of magnetite-biotite (potassic) alteration along a 121-metre stretch from 225 m to 346 m.

Five drill holes were completed at Richards breccia and vicinity. Drill holes R-23-01 and R-23-04 tested the historical results of ARD98-07 and AR97-25 at depth, and successfully extended the breccia 50 m to 60 m vertically below known mineralization.

Both drill holes R-23-01 and R-23-04 encountered wide intersections of copper mineralization (37 metres from 76 m to 113 m and 49 metres from 80 m to 129 m, respectively). Mineralization is exhibited as chalcopyrite plus pyrite plus or minus pyrrhotite plus or minus chalcocite aggregates, disseminations and veinlet fills hosted in a chlorite-sericite-carbonate-pyrite-altered breccia.

The company will develop additional drill targets in the JR zone after receipt and analysis of assays. The company also plans to advance the JR and Tribag zones with robust semi-3-D IP/MT (induced polarization/magnetotelluric) surveys, and additional MMI geochemistry soil lines, both to expand current targets and further delineate additional regional exploration targets for drill testing.

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.

Quality assurance/quality control (QA/QC)

QA/QC includes the systematic insertion of blanks and certified reference materials (CRM), with blanks and CRM making up about 10 per cent of the sample stream. Drill core samples are logged, and samples were split into half using a diamond core saw. The other half of the drill cores are stored on site in a safe and secure facility. Half-core samples are labelled, placed in sealed bags and shipped directly to ACTLABS in North Bay, Ont., an accredited mineral analysis laboratory.

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 and base metals. The company is exploring for large copper/gold deposits on the 24,000-hectare Batchewana Bay project, 80 km north of Sault St. Marie, Ont., Canada.

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