Mr. Rick Gittleman reports

INTERRA COPPER ANNOUNCES ADDITIONAL FLOW-THROUGH SHARE ISSUANCES AND SECURITIES FOR DEBT SETTLEMENT

Further to the news releases of Dec. 7, 2023, and Dec. 15, 2023, and due to additional demand for flow-through shares, Interra Copper Corp. intends to issue a further 880,000 FT shares at a price of 29 cents per FT share on a non-brokered private placement basis for aggregate gross proceeds of $255,200.

There are no warrants associated with the FT shares and subject to the receipt of all necessary regulatory and other approvals, the company anticipates closing the private placement prior to year-end.

Each FT share will constitute a flow-through share within the meaning of the Income Tax Act (Canada), and the gross proceeds of the private placement will be used by the company for exploration and related programs, which qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures, as such terms are defined in the tax act, in connection with Interra's projects in British Columbia. Subject to compliance with the policies of the Canadian Securities Exchange and applicable securities legislation, the company may pay finders' fees in connection with the private placement.

All securities issued pursuant to the private placement will be subject to a statutory hold period under applicable Canadian securities laws of four months and one day from the date of closing of the private placement.

In addition, the company announces that it has entered into a securities-for-debt settlement agreement dated Dec. 18, 2023, with a consultant of the company.

Pursuant to the agreement, the company has agreed to settle debt in the amount of $70,537 through the issuance of 282,148 units at a deemed price of 25 cents per unit, whereby each unit shall be composed of one common share in the capital of the company and one-half of one share purchase warrant. Each warrant will be convertible into an additional share at an exercise price of 35 cents per warrant share and will expire on the date that is three years following the date of issuance. The expiry date shall be subject to acceleration where the volume-weighted average trading price of the company's common shares on the CSE is equal to or greater than 45 cents for a continuous 30-day period at any time after that date which is four months following the date of issuance, in which case the expiry date of the warrants shall automatically accelerate and the warrants will expire on that date which is 30 days after the date on which notice of such acceleration event is provided to the holder.

The agreement and the issuance of the securities thereunder are subject to the approval of the CSE. The securities will be subject to a hold period of four months and one day pursuant to CSE policies and applicable securities laws.

We seek Safe Harbor.