Mr. Peter Hawley reports

FABLED COPPER OUTLINES 8 KM BY 2 KM PEGMATITE BOULDER FIELD WITH PEGMATITE OUTCROPPING IN CENTRAL PORTION OF OHM PROPERTY, QUEBEC

Fabled Copper Corp. has released the results of the first-phase sampling program on the OHM property.

The OHM property consists of 51 contiguous cells comprising 2,856 hectares located approximately 70 kilometres south of Val d'Or. The OHM property can be easily accessed from the main highway, Route 117, and forestry roads 43 and 44, with numerous secondary cutting roads. It is estimated that 80 per cent of the property has been logged, thus outcrop visibility is excellent.

A minimum of at least 10 pegmatite outcrops have been documented by the previous operators of the property. No documented work has been done in the search for lithium within the pegmatite swarms.

Preamble

The late spring and summer of 2023 were challenging due to forest fires in Northern Quebec, and as a result, work in the forest was prohibited. In late July, 2023, the ban was lifted for the OHM property area and a first-phase exploration sampling program was conducted over a period of a week. The main objectives of the program were as follows:

1. To determine accessibility, road conditions and field conditions;
2. To determine if pegmatites exist on the property and over what area;
3. If pegmatites were found, to determine if they were boulders, glacial trains or in situ outcrops;
   • If boulders (not in place), what is the shape (rounded means transported a great distance, angular (meaning not travelled very far or heaved up from frost from outcrop below);
   • If coarse-grained, meaning slow cooling or outer envelope of an intrusive; if fine-grained, fast cooling and closer to the heat source;
4. To determine if the boulders and/or outcrops contained lithium and/or associated subsets of minerals and are the concentration of minerals associated with a particular type of texture, fine-grained verses coarse-grained;
5. Do the results warrant a more comprehensive field program.

Discussion on the findings

During the week of July 17, 2023, the property was prospected and 19 samples numbered 28902 to 28920 were collected over an area of approximately eight kilometres in length and two kilometres in width, being 1,600 hectares of the 2,856 hectares in total on the property.

The purpose of the sampling was to obtain typical pegmatite samples over as great an area as possible to determine if any one area is more favourable for further exploration. Hundreds of angular and lesser amount of rounded pegmatite boulders were seen. The centre location of the property has pegmatite outcropping/subcropping with the dimensions yet to be determined.

Geologic rock sequences observed were metaseds traversing the northwestern sector, followed by bands of amphibolite kneiss followed by two kilometres of pegmatite boulders with outcrop terminated by Lac Rochester to the southeast. All observed trends are approximately N45E, including Lac Rochester.

The northeastern sector contains very coarse to knobby pegmatite while the southwestern sector contains fine-grained pegmatite. LCT pegmatites comprise a compositional defined subset of granitic pegmatites. The majority minerals are quartz, potassium feldspar, albite and muscovite, all present in the pegmatites viewed except for five-millimetre garnets present in the knobby and coarse pegmatites.

LCT pegmatites crystallize at remarkably low temperatures (about 350 to 550 degrees) in a short period of time, thus the large crystal sizes of associated minerals.

Early-stage reconnaissance in the central part of the property has confirmed promising K/Rb (potassium to rubidium) ratios in two samples (28913, 28914), a proven indicator for lithium fertility according to the work of Stelway et al. (2004) for LCT-type (lithium-cesium-tantalum) pegmatites. As supporting evidence elevated lithium and cesium are contained in the two samples.

Next steps

With only 19 samples taken over the entire property and given mineral assays of interest located in the central sector and hundreds of pegmatite boulders on the property yet to be sampled, plus outcropping and subcropping pegmatites that have not yet been systematically sampled, the company proposes to undertake a second-phase exploration program that it currently believes will consist of following:

1. An in-depth review of Quebec Ministere des Ressources naturelles et des Forets SIGEOM database with particular attention to gradient and residual magnetics; magnetic tilt angle, magnetic analytic and magnetic analytic signal, and the shadow relief lidar over the property;
2. A property-wide detailed sampling program using diamond blade rock saws to obtain both in situ and channel samples due to the hardness of the pegmatites;
3. Detailed structural and pegmatite composition and size mapping of outcrops in the central area.

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 and located in the Liard mining division in Northern British Columbia.

The company is also seeking to broaden and diversify its portfolio. The company has acquired the Volt 2 lithium property, located in Miquelton, Que., and has options to acquire the OHM property, located in Val d'Or, Que., and the Volt 1 property located in Miquelton, Que.

The technical information contained in this news release has been approved by Peter J. Hawley, PGeo, president and chief executive officer of Fabled, who is a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.