Mr. Paul Harbidge reports

FARADAY COPPER INTERSECTS 163.11 METRES AT 0.85% COPPER WITHIN 380.60 METRES AT 0.62% COPPER IN THE AMERICAN EAGLE AREA

Faraday Copper Corp. has released the results from four drill holes of its phase III program at the Copper Creek project, located in Arizona, United States. Two of the holes targeted the American Eagle underground zone, one hole tested near-surface mineralization potential at the Bald area and one hole was drilled between the Copper Prince-Copper Giant breccia complex and Mammoth.

Paul Harbidge, president and chief executive officer, commented: "The drill results of two holes into the American Eagle area confirm the existence of zones in the underground domain with higher grades than predicted from the resource model, supporting the company's thesis that the high-grade zones of American Eagle are open for expansion. Together with our district-scale exploration activities, these results confirm the significant exploration upside associated with the project."

Highlights:

• Intersected 380.60 metres at 0.62 per cent copper and 1.02 grams per tonne silver from 721.04 m, including 163.11 m at 0.85 per cent copper and 1.13 g/t silver from 841.33 m in drill hole FCD-23-039 at American Eagle:
  • 50 m of this 380.60 m intercept is located below and outside the underground shape used to constrain the mineral resource estimate (MRE).
• Intersected 424.71 m at 0.40 per cent copper and 0.81 g/t silver from 659.12 m, including 36.30 m at 0.83 per cent copper and 1.69 g/t silver from 944.89 m in drill hole FCD-23-040 at American Eagle:
  • The high-grade portion is thought to represent the root zone of the American Eagle breccia complex, suggesting potential grade continuity from surface to approximately 800 m depth. This vertical extension remains a high-priority target.

These drill holes are angled and drilled toward the north-northwest into an area historically drilled by widely spaced vertical drill holes. The intercepts confirm grade continuity at depth.

Drill hole FCD-23-039 was collared in the Bald area and drilled toward the north-northwest. The copper mineralization occurs as chalcopyrite in early halo veins and as disseminations. Bornite increases with depth, most notably below approximately 840 m down hole. The higher grades below 840 m are hosted in porphyry intruding granodiorite. Molybdenite veins are observed below 980 m down hole. Mineralization is interpreted to have been emplaced near the core of a porphyry mineralized centre. This drill hole also intercepted approximately 20 m of breccia-hosted mineralization from 55.07 m, which was above the mineral resource cut-off grade (reported in the technical report, as defined herein), highlighting the potential to identify additional near-surface mineralization in the Bald area.

Drill hole FCD-23-040 was collared approximately 135 m to the west from drill hole FCD-23-039 and was drilled to the west-northwest. The mineralization is similar to hole FCD-23-039 but includes 36.30 m of chalcopyrite-rich mineralization with local presence of anhydrite in breccia and veins crosscutting potassic altered granodiorite. This zone also contains molybdenite and is interpreted to correspond to a magmatic cupola zone at the root of the American Eagle breccia. This breccia is exposed at surface and, together with this drill hole intercept, demonstrates potential vertical continuity of mineralization over approximately 800 m.

Drill hole FCD-23-038 was collared at the same location as FCD-23-039 but drilled at a shallower angle. It targeted potential near-surface breccia-hosted mineralization. The hole intercepted breccia with pyrite and minor chalcopyrite within the first 55 m from surface, returning copper values below cut-off grade. Vein- and localized breccia-hosted pyrite-chalcopyrite mineralization was intercepted near the end of the hole. Follow-up exploration is planned to target higher grades near surface.

Drill hole FCD-23-044 was collared between the Copper Prince and Mammoth open-pit resource domains in an area without historical drilling. The entire hole is in granodiorite with short igneous cemented breccia intervals. It intersected a zone of densely spaced pyrite-dominant veins from approximately 85 m to 102 m, which did not include significant copper intercepts. The hole was planned to also provide geotechnical information, which will be considered in future studies.

Next steps

Phase III drilling continues and is focused on three objectives:

• Reconnaissance drilling on new targets;
• Expanding the MRE;
• Better delineating high-grade mineralized zones.

As part of the phase III program, 14 drill holes have been completed and six holes have been released to date. Of the remaining holes, six were drilled at Area 51 and two in the Copper Prince area. The assay results will be released as they are received, analyzed and confirmed by the company.

Sampling methodology, chain of custody, quality assurance and quality control

All sampling was conducted under the supervision of the company's geologists and the chain of custody from Copper Creek to the independent sample preparation facility, ALS Laboratories in Tucson, Ariz., was continuously monitored. The samples were taken as one-half core, over two m core length. Samples were crushed, pulverized and sample pulps were analyzed using industry standard analytical methods including a four-acid inductively coupled plasma mass spectrometry multielement package and an inductively coupled plasma atomic emission spectroscopy method for high-grade copper samples. Gold was analyzed on a 30-gram aliquot by fire assay with an ICP-AES finish. A certified reference sample was inserted every 20th sample. Coarse blanks were inserted every 20th sample. Approximately 5 per cent of the core samples were cut into one-fourth core and submitted as field duplicates. On top of internal QA/QC protocol, additional blanks, reference materials and duplicates were inserted by the analytical laboratory according to its procedure. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Faraday's vice-president, exploration, Dr. Thomas Bissig, PGeo, who is a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Faraday Copper Corp.

Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek project is one of the largest undeveloped copper projects in North America with open-pit and bulk underground mining potential. The company is well financed to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the Toronto Stock Exchange under the symbol FDY.

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