Mr. Paul Harbidge reports

FARADAY COPPER INTERSECTS 1.01% COPPER OVER 117.90 METRES WITHIN 269.65 METRES AT 0.64% COPPER, DISCOVERING THE HIGH-GRADE MINERALIZED BANJO BRECCIA IN THE AMERICAN EAGLE AREA

Faraday Copper Corp. has released the results of two drill holes from its continuing phase III drill program at the Copper Creek project, located in Arizona, United States. The two holes were drilled to continue to evaluate the near-surface mineralization in the American Eagle area.

Paul Harbidge, president and chief executive officer, commented: "Drilling in the American Eagle area continues to provide very exciting results, with the discovery of the Banjo breccia, which has returned the best grade-width intercept of this drill campaign to date. The phase III drilling shows the potential for a large, near-surface resource to be defined above the current underground resource. The current interpretation suggests characteristics similar to the Mammoth breccia. Mammoth connects with the Keel underground zone and is the most vertically continuous mineralized system defined so far on the property. Drilling continues with the emphasis on both delineation of the Banjo breccia and testing additional breccias in the American Eagle area."

Highlights:

• Drill hole FCD-24-070 is the discovery hole for the high-grade Banjo breccia and confirms significant mineralization above the American Eagle underground resource.
• Drill hole FCD-24-070 intersected 117.90 metres at 1.01 per cent copper and 1.87 grams per tonne silver from 323.52 metres, including 15.89 metres at 2.15 per cent copper and 2.48 grams per tonne silver from 390.00 metres:
  • This intercept is within 269.65 metres at 0.64 per cent copper and 1.32 grams per tonne silver from 229.49 metres.
  • Mineralization remains open.
• At the American Eagle breccia, the company intersected 88.16 metres at 0.39 per cent copper and 1.43 grams per tonne silver from 188.34 metres in drill hole FCD-24-071, including 15.80 metres at 0.93 per cent copper and 3.71 grams per tonne silver from 188.34 metres.
• The company confirmed vertical continuity of near-surface breccia hosted mineralization to the porphyry mineralization at depth in the American Eagle area.

For true width information, see the attached table.

The American Eagle area, as mapped on surface, covers approximately 800 metres by 1,000 metres and is host to numerous prospective breccias and porphyries that have strong copper geochemical signatures. These surface expressions are located above the large underground porphyry mineral resource, which is approximately 500 metres to 1,100 metres 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 assay results for eight drill holes from this area as part of the current program (for drill holes not reported herein, refer to news releases dated June 25, 2024, and July 25, 2024). These results provide a broad framework of the geology, structure and alteration and confirm the potential for significant near-surface copper mineralization.

Drill hole FCD-24-070 was collared approximately 240 metres southeast of the American Eagle breccia and drilled to the north. Porphyry and breccia intervals alternate in the first 81 metres. From 81 metres to 242 metres, the hole intersected mainly granodiorite crosscut by up-to-20-metre-wide breccia intervals and porphyry domains. Breccias in this upper part of the hole are pyrite and quartz cemented. From 242 metres to 450 metres, hydrothermal breccia is characterized by intense sericite alteration. Mineralization occurs as chalcopyrite, together with pyrite and quartz breccia cement and to a lesser degree in veinlets. The last 50 metres of the hole contain chalcopyrite mineralization associated with early halo veins.

Drill hole FCD-24-071 was collared approximately 140 metres southeast of the American Eagle breccia and drilled to the northwest. It intersected mostly igneous cemented breccia, variably sericite altered, from surface to 98 metres, and granodiorite crosscut by porphyry until 192 metres. Alternating hydrothermal breccia and porphyry domains are present until 244 metres, after which the hole enters granodiorite crosscut by porphyry. Copper mineralization occurs as chalcopyrite in breccia cement and veinlets below 188 metres downhole or 110 metres below surface. Chalcocite occurs locally with chalcopyrite. Molybdenite is abundant from 238 metres to 241 metres. Sericite and tourmaline are dominant alteration minerals associated with hydrothermal breccia domains.

Next steps

Phase III drilling continues with the following objectives:

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

The current focus of drilling is on near-surface mineralization in the American Eagle area.

As part of the phase III program, 36 drill holes have been completed and results for 34 have been released. Thirteen holes were drilled in Area 51, 10 were drilled in the American Eagle area, five were drilled in the Bald area, three were drilled in the Copper Prince/Copper Giant area, three were drilled near Old Reliable and two were drilled 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 and quality assurance/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, 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 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, 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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