Mr. Peter Hawley reports

FABLED COPPER ANNOUNCES CLOSING OF FIRST TRANCHE OF NON BROKERED PRIVATE PLACEMENTS AND RESIGNATION OF DIRECTOR

Fabled Copper Corp. has completed an initial closing of the non-brokered private placements announced in its press release dated April 12, 2023.

The company issued (i) 3,255,000 conventional units at a price of eight cents per conventional unit for aggregate gross proceeds of $260,400 and (ii) 350,000 flow-through units at a price of 10 cents per FT unit for aggregate gross proceeds of $35,000.

Each conventional unit is composed of one common share of the company and one common share purchase warrant. Each conventional warrant entitles the holder thereof to acquire one additional common share at a price of 12 cents per common share for a period of 24 months from the date of issuance.

Each FT unit is composed of: (i) one common share designated as a flow-through share under the Income Tax Act (Canada); and (ii) one common share purchase warrant. Each flow-through warrant entitles the holder thereof to acquire one additional common share at a price of 15 cents per common share for a period of 24 months from the date of issuance.

The flow-through warrants and conventional warrants are each subject to an acceleration right exercisable by the company, which will force their exercise should the company's common shares trade at or above a volume-weighted average price of 20 cents on the TSX Venture Exchange for any 20 consecutive trading days following the closing date.

The gross proceeds from the issuance of the conventional units will be used for general working capital purposes and expenses. The gross proceeds from the issuance of the flow-through units will be used for Canadian exploration expenses within the meaning of the act, which will be renounced with an effective date no later than Dec. 31, 2023, to the purchasers of the flow-through units in an aggregate amount not less than the gross proceeds raised from the issue of flow-through units.

In connection with the closing of this tranche of the offerings, the company paid finder's fee commissions in the aggregate amount of $17,724 and issued 120,000 broker warrants. The broker warrants have the same terms as the conventional warrants.

The offerings are subject to the receipt of all necessary approvals, including the final acceptance and approval of the Canadian Securities Exchange.

All securities issued pursuant to this tranche of the offerings are subject to the statutory hold period that expires four months and one day from their issuance, being Sept. 26, 2023.

The company wishes to announce that the offerings will, subject to the approval of the CSE, remain open for an additional 45 days from the date of this press release, being July 10, 2023.

Resignation of director

The company also reports the resignation of David W. Smalley as chairman and director of the company, effective May 19, 2023. Mr. Smalley resigned due to constraints on his personal time and in order to concentrate on other opportunities.

About Fabled Copper Corp.

Fabled is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing drill-ready copper properties located in Northern British Columbia.

The company's current property package consists of the Muskwa project and the Bronson property, and comprises approximately 16,219 hectares in three non-contiguous blocks, located in the Liard mining division of British Columbia. The company is seeking to broaden and diversify its portfolio. To this end, it has added two lithium claims (the Volt 2 property) in Miquelon, Que., to its land package and is seeking to add both the OHM property and the Volt 1 property, each lithium properties, located in the Val d'Or and Miquelon areas of Quebec, respectively. The company is also seeking to add an additional high-grade gold and silver property, the TJ Ridge property in British Columbia, for which it has entered into a letter of intent.

We seek Safe Harbor.