Mr. Paul Harbidge reports

FARADAY COPPER REPORTS NEW GOLD ASSAY RESULTS FROM THE KEEL ZONE INCLUDING 0.28 G/T GOLD AND CONFIRMING 1.34% COPPER OVER 103.64 METRES AT THE COPPER CREEK PROJECT

Faraday Copper Corp. has released the results of the gold program from the Keel zone at the Copper Creek project in Arizona, United States. The results support the potential to unlock significant value through the contribution of payable gold in concentrate in future Mineral Resource Estimates ("MRE")1.

Paul Harbidge, President and CEO, commented "The results show that the Keel Zone hosts the largest gold-bearing domain on the property to date. For context, the Keel underground zone represents approximately 60 million tonnes of the 330 million tonnes in the current underground mineral resource. This newly acquired data, together with our recent metallurgical results, supports the potential for the addition of gold in concentrate as a significant source of by-product revenue that would increase the value of Copper Creek."

Highlights

• Doubled the gold assay coverage in the Keel Zone with 1,017 new gold assays, in addition to the 1,062 historical gold assays.Examples of intercepts with new gold assays and re-assayed copper from historical core include:103.64 m ("metres") at 1.34% copper and 0.28 grams per tonne ("g/t") gold from 667.51 m in drill hole LM-2;
• 85.35 m at 0.91% copper and 0.11 g/t gold from 652.27 m in drill hole LM-1; and272.19 m at 0.47% copper and 0.05 g/t gold from 921.11 m in drill hole RMK-12-068.
• Gold and copper are correlated on an intercept basis with an overall ratio2 of approximately 1:9 gold (g/t):copper (%) at the Keel Zone.
• Recently completed metallurgical test work supports gold recoveries exceeding 80% to a payable grade in the copper concentrate from the Keel Zone.
• As part of the gold program, copper was re-assayed and the results confirmed historical data, providing additional confidence in the database.

Keel Zone Overview

The Keel Zone (Figure 1 and 2) represents approximately 60 million tonnes of the 330 million tonnes of the current underground MRE. The Keel Zone contains several domains of mineralization with the dominant style including bornite and chalcopyrite that occur disseminated and in miarolitic cavities, as well as in porphyry-style veins. This is indicative of a high emplacement temperature near the apex of a magmatic intrusion and this environment is commonly referred to as a cupola zone (Figure 1). In addition, chalcopyrite-rich breccias crosscut the magmatic cupola mineralization. The Keel Zone is located below the Mammoth breccia and together these areas form the most continuous vertical mineralization (over 1,400 m) discovered on the project to date.

Gold mineralization within Keel is zoned, with the greatest enrichment occurring in the magmatic cupola associated with bornite (Figure 3). Metallurgical test work, reported in a news release dated February 26, 2024, on bornite-bearing samples from the Keel Zone suggests that gold recoveries average over 80% and gold has the potential to be payable in a copper concentrate.

Gold Program Overview

Historically, only a small portion of samples analyzed for copper were also analyzed for gold. The Company has been analyzing archived sample material for gold with the aim of increasing data coverage for potential inclusion in future MRE updates. In addition to gold assays, samples have been re-analyzed for copper, silver and molybdenum to further validate historical results. Assay results for Childs Aldwinkle, Copper Prince and the Keel Zone have been released.

Gold and copper results for the Keel Zone are presented in Table 1. Gold values were calculated for a total of 15 drill hole intercepts and the results improve spatial coverage (Figure 1).

Next Steps

Additional zones in the current MRE are being evaluated for gold assay data coverage as the Company intends to include gold in future MRE updates. Further, gold continues to be analyzed as part of the ongoing Phase III drill program which has the following objectives:Expanding the MRE;Better delineating high-grade, mineralized zones; andReconnaissance drilling on new targets.

The current focus of the Phase III drilling program is on shallow breccia-hosted mineralization at American Eagle. This follows the approval by the Bureau of Land Management of the Company's Notice of Intent, as reported in a news release dated May 2, 2024.

Table 1: Intercept Values at the Keel Zone

Drill Hole ID From    To      Length Au g/t Ag g/t Cu % Mo %   Cu:Au
              (m)     (m)     (m)    (g/t)  (g/t)  (%)  (%)         
FCD-22-007    1112.00 1217.59 105.59 0.09   9.71   1.21 0.0200 13.44
FCD-22-0072   1277.10 1289.77 12.67  0.14   36.52  5.00 0.0230 35.71
FCD-23-024    757.25  949.49  192.24 0.05   2.24   0.42 0.0068 8.40 
LM-1          652.27  737.62  85.35  0.11   5.24   0.91 0.0366 8.27 
LM-2          667.51  771.15  103.64 0.28   12.18  1.34 0.0606 4.79 
LM-3          664.47  789.43  124.96 0.10   4.12   0.70 0.0190 7.00 
LM-6          685.80  765.05  79.25  0.05   2.72   0.49 0.0058 9.80 
NE-5          871.73  932.69  60.96  0.07   1.81   0.44 0.0162 6.29 
Including     905.26  926.59  21.33  0.14   2.86   0.82 0.0074 5.86 
RMK-07-015    849.02  1101.70 252.68 0.10   9.77   1.40 0.0335 14.00
Including     868.38  907.85  39.47  0.15   9.78   1.95 0.0494 13.00
RMK-08-031    904.95  914.10  9.15   0.12   4.95   0.74 0.0263 6.17 
RMK-11-072    816.26  895.51  79.25  0.06   2.39   0.46 0.0108 7.67 
RMK-12-068    921.11  1193.30 272.19 0.05   2.58   0.47 0.0129 9.40 
RMK-12-069    970.18  1065.89 95.71  0.05   4.49   0.55 0.0039 11.00
Including     979.33  994.26  14.93  0.08   6.39   0.61 0.0034 7.63 
VIX24-22      792.94  926.59  133.65 0.02   0.64   0.33 0.0150 16.50
Including     832.11  880.87  48.76  0.03   1.01   0.36 0.0265 12.00
And           594.36  615.70  21.34  0.03   3.90   1.77 0.0072 59.00
VIX28-2       No significant gold intercepts                         

Notes: Copper, silver and molybdenum columns indicate re-assayed metal values. Drill holes FCD-22-007, FCD-23-024 and RMK-07-015 were not re-assayed as part of this program. Mineralization is dominantly bulk porphyry and magmatic and cupola-style and lesser breccia mineralization. Drilled widths are interpreted to be the best available approximation to true widths.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance

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, AZ, was continuously monitored. The samples were taken from archived pulverized rock material (pulps). Pulps were re-blended and analyzed using industry standard analytical methods including a 4-Acid ICP-MS multielement package and an ICP-AES 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 15th to 20th sample. Blanks were inserted every 10th sample. In addition to the internal QA-QC protocol, additional blanks, reference materials and duplicates were inserted by the analytical laboratory according to their 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 PersonThe scientific and technical information contained in this news release has been reviewed and approved by Faraday's Vice President Exploration, Dr. Thomas Bissig, P. Geo., and Faraday's Vice President, Projects and Evaluations, Zach Allwright, P.Eng., both of whom are considered a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").Notes

About Faraday Copper

Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in Arizona, USA. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well positioned 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 TSX under the symbol "FDY".

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