Ms. Stacey Pavlova reports

FARADAY COPPER ANNOUNCES C$20 MILLION BOUGHT DEAL FINANCING

Faraday Copper Corp. has entered into an agreement with Ventum Financial Corp. (formerly known as PI Financial) as co-lead underwriter and joint bookrunner, on its own behalf and on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and TD Securities Inc. as co-lead underwriters and joint bookrunners, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 25 million common shares in the capital of the company at a price of 80 cents per common share for gross proceeds to the company of $20-million.

The company will grant the underwriters an option to purchase up to an additional 3.75 million common shares to cover overallotments, if any, and for market stabilization purposes at a price of 80 cents per overallotment option common share for additional gross proceeds of up to $3-million, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing date (as defined herein).

The company intends to use the net proceeds from the offering for exploration and development of its Copper Creek project, located in Arizona, United States, and for general working capital purposes.

The common shares will be issued by way of a prospectus supplement that will be filed in all provinces and territories of Canada, other than Quebec, under the company's base shelf prospectus dated Oct. 21, 2022. The common shares may also be sold in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The offering is scheduled to close on or about May 30, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

About Faraday Copper Corp.

Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in Arizona, United States. 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 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 TSX under the symbol FDY.

We seek Safe Harbor.