Mr. Rick Gittleman reports

INTERRA COPPER ANNOUNCES DISTRIBUTION OF SECURITIES FOR DEBT SETTLEMENT

Interra Copper Corp., further to its news release of Jan. 16, 2024, has distributed an aggregate of 138,892 units at a deemed price of 25 cents per unit in connection with a securities-for-debt settlement agreement dated Jan. 15, 2024, with a professional adviser of the company, pursuant to which the company has agreed to settle debt in the amount of $34,723.05.

Each unit comprised one common share in the capital of the company and one-half of one share purchase warrant. Each warrant is 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 is subject to acceleration where the volume-weighted average trading price of the company's common shares on the Canadian Securities Exchange 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 securities issued under the agreement are subject to a statutory hold period of four months and one day pursuant to applicable securities laws.