Mr. Dave Prins reports

COPPEREX RESOURCES CORPORATION ANNOUNCES APPOINTMENT OF DIRECTOR AND GRANT OF OPTIONS

Copperex Resources Corp. has appointed Tom Yip as a director of the company.

Mr. Yip has over 30 years of financial management experience in the mining industry for exploration and development companies and producers. He has served as the chief financial officer of several producing and exploration-stage mining companies, including, most recently, Pretium Resources from 2015 to 2020 and, prior to that, Silver Standard Resources, International Tower Hill Mines and Echo Bay Mines. Mr. Yip is a chartered professional accountant (CPA, CA) and holds a bachelor of commerce degree in business administration from the University of Alberta. He also holds the ICD.D designation from the Institute of Corporate Directors. Mr. Yip also serves on the boards of P2Gold, Maritime Resources and Austin Gold.

"On behalf of the board and management of Copperex, I am delighted to welcome to Mr. Yip to the team. Tom brings an abundance of mining and mineral exploration experience, having a proven financial management track record built up over a distinguished career. Tom also has considerable regulatory experience, participated in merger and acquisitions, and possesses an abundance of South American business experience. His extensive experience and relationships will be invaluable to take Copperex to the next level," said Dave Prins, Copperex's president and chief executive officer.

In addition, the company announces that is has granted an aggregate of 1,120,546 options to directors, officers, consultants and employees of the company, with such options being exercisable at an exercise price of 50 cents per common share for a period of five years ending March 11, 2029. The options will vest over a period of 18 months, with one-third vesting on Sept. 11, 2024, one-third on March 11, 2025, and one-third on Sept. 11, 2025. The grant of options is subject to the approval and requirements of the TSX Venture Exchange.

About Copperex Resources Corp.

Copperex is engaged in copper and gold exploration, primarily in Chile and also in Peru. Through its wholly owned Chilean and Peruvian subsidiaries, it controls three exploration assets, the Exploradora Norte and Kio Buggy projects in northern Chile, and the La Rica property located in central-southern Peru. The Chilean projects are considered to be material. There are no underlying royalties attached to the Copperex property portfolio.

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