Mr. Paul Harbidge reports

FARADAY COPPER INTERSECTS 0.62% COPPER OVER 29.08 METRES WITHIN 190.25 METRES AT 0.23% COPPER NEAR SURFACE AT THE PRADA BRECCIA IN THE AMERICAN EAGLE AREA

Faraday Copper Corp. has released the results of an additional four drill holes from its continuing phase 3 drill program at the Copper Creek project, located in Arizona, United States. Drilling to date, as part of this program in the American Eagle area, has demonstrated the continuity in near-surface mineralization.

Paul Harbidge, president and chief executive officer, commented: "The ongoing drilling success at the American Eagle area, which is situated above the underground resource, increases our confidence that there is significant near-surface mineralization present. This could support an increase in the open-pit resource of the project. It is particularly encouraging that we are encountering wide intervals of mineralization above our resource cut-off grade, which are open in all directions. Drilling continues in the area with a focus on testing previously undrilled breccias, including the Banjo, Jailhouse and Giuseppe breccias, which we expect to drill test over the coming months."

Highlights:

• At the Prada breccia, drill hole FCD-24-069 demonstrates that near-surface mineralization is present and confirms the potential for resource growth.
• The company intersected 29.08 metres at 0.62 per cent copper and 1.14 grams per tonne silver from 145.69 m in drill hole FCD-24-069 at the Prada breccia. This intercept is within 190.25 m at 0.23 per cent copper and 0.66 g/t silver from 15.00 m.
• Three additional drill holes in the American Eagle area intersected near-surface, early halo vein mineralization outside of breccias.
• Current drilling is focused on expanding the near-surface mineralization in the American Eagle area including the Banjo, Jailhouse and Giuseppe breccias.

The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m, and is a host to numerous prospective breccias and porphyries which have strong copper geochemical signatures. These surface expressions are located above the large underground porphyry resource, which is approximately 500-metre to 1,100-metre depth below surface. Historically, the near-surface mineralization was not adequately tested as previous drilling was vertical to steeply inclined. Mapped geology, isolated historical drill intercepts and historical small-scale mining highlight the potential for near-surface mineralization. The company has reported a total of six drill holes, which provide a broad framework of the geology, structure, alteration and mineralization of this area (for drill holes not reported herein, refer to news release dated June 25, 2024). The assay results confirm the potential for significant near-surface copper mineralization, which could lead to open-pit resource growth.

Drill hole FCD-24-069 was collared approximately 100 m to the southeast of American Eagle and drilled to the southwest, testing the Prada breccia. The hole drilled igneous cemented breccia for the first 13 m and then entered hydrothermal breccia to 220 m. Granodiorite dominates to the end of the hole at 324 m with a breccia domain included from 274 m to 300 m. Chalcopyrite occurs together with pyrite in breccia cement. Alteration associated with breccia is sericite with some tourmaline, overprinting earlier moderate potassic alteration, which affects the host granodiorite.

Drill hole FCD-24-068 was collared near the American Eagle breccia and drilled to the north. It intersected largely granodiorite from surface to 152 m and porphyry to 273 m, and then re-entered granodiorite. Chalcopyrite mineralization is hosted in early halo veins from 95 m to the end of the hole. Dominant alteration is potassic with a sericite overprint.

Drill hole FCD-24-067 was collared near the American Eagle breccia and drilled to the northwest, targeting zones of high vein abundance mapped at surface and ending near the Courthouse breccia. It intersected granodiorite from surface to 162 m, followed by a zone of igneous cemented breccia and porphyry to 285 m. The rest intersected granodiorite. Hydrothermal breccia was limited to two short intervals at 285 m and 355 m. Mineralization is hosted in early halo veins and associated with potassic alteration. Sericite and kaolinite overprint is observed throughout the hole.

Drill hole FCD-24-066A was collared near the American Eagle breccia and drilled steeply to the northwest. It targeted mineralization adjacent to the historical underground workings at American Eagle, where approximately 54,000 metric tonnes at 3.78 per cent copper were extracted from a series of narrow stopes to a 90-metre depth (Higgins, 1911). Underground workings were encountered from 77 m to 79 m. The hole intersected granodiorite with short domains of porphyry. Igneous cemented breccia with variable hydrothermal overprint occurs from 125 m to 128 m and 135 m to 141 m. Mineralization occurs dominantly as chalcopyrite with pyrite in veinlets and is associated with moderate sericite-kaolinite alteration with local occurrence of tourmaline.

Next steps

Phase 3 drilling continues and is focused on three objectives:

• Reconnaissance and follow-up drilling on new targets;
• Expanding the mineral resource estimate;
• Better delineating high-grade mineralized zones.

The current focus of drilling is on near-surface mineralization in the American Eagle area. The drill holes reported herein, and holes FCD-24-064 and FCD-24-065, reported previously (see news release dated June 25, 2024), have demonstrated the potential for an open-pit resource to be defined.

As part of the phase 3 program, 36 drill holes have been completed, and results for 32 have been released. Fifteen holes were drilled in the Bald-American Eagle area, 13 in Area 51, three in the Copper Prince-Copper Giant area, three near the Old Reliable breccia and two in the Titan breccia. The assay results for additional completed drill holes will be released as they are received, analyzed and confirmed by the company.

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, Ariz., was continuously monitored. The samples were taken as one-half core, over two-metre core length. Samples were crushed and pulverized, and sample pulps were analyzed using industry standard analytical methods, including a four-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 20th sample. Coarse and fine 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 limits 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 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 Toronto Stock Exchange under the symbol FDY.

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