Mr. Rick Gittleman reports

INTERRA PROVIDES RIP COPPER MOLYBDENUM PROJECT EXPLORATION UPDATE

Interra Copper Corp. has provided details of the first-phase exploration program at the Rip copper project in the Stikine region of British Columbia. The Rip project is situated approximately 33 kilometres northeast of Imperial Metals Corp.'s past-producing Huckleberry copper-molybdenum (Cu-Mo) mine, which is presently on care and maintenance. Imperial Metals is exploring Huckleberry and its surrounding claims for additional Cu-Mo resources.

In late 2023, the company first announced its option agreement with ArcWest Exploration Inc. to acquire an 80-per-cent interest in ArcWest's Rip Cu-Mo project. Interra can earn the first tier of its interest in the project by completing staged exploration work totalling $2-million and direct payment of $100,000, and annual share payments over four years until end of 2027. Interra is currently financed for, and anticipates it will meet and likely exceed, its 2024 and 2025 obligations for the earn-in of $300,000 and $500,000 in expenditures, respectively, with the budget outlined in this two-stage program. The initial program is staged into two work phases: 1) a geophysical program to define drill targets, commencing in late April; and 2) a diamond drilling program tentatively scheduled for Q3/Q4 of 2024.

The stage 1 exploration program consists of an airborne magnetic survey flown by Precision Geosurveys followed by a 3-D induced polarization survey to be completed by DIAS Geophysical. The 3-D IP survey is designed to further delineate and potentially expand upon a historical chargeability anomaly identified on the project by Kennco in the late 1970s.

Shallow percussion drilling of this chargeability anomaly by Kennco intersected porphyry copper style alteration and anomalous Cu-Mo mineralization over a broad area. A lone diamond drill hole intersected anomalous Cu (0.07 per cent) and Mo (0.005 per cent) over 74 metres in strongly quartz-sericite-pyrite (QSP) altered volcanic rocks cut by late feldspar porphyry and mineralized quartz diorite dikes; the bottom 64 m consists of intrusive clast-rich polymictic breccia cut by abundant pyrite, gypsum and quartz veins with local secondary biotite. QSP, intermediate argillic (IA) and propylitic alteration predominate in the holes, suggesting that the Kennco holes only tested the upper levels of a shallowly eroded porphyry Cu-Mo system.

Potential therefore exists at Rip for the discovery an underlying Cu-Mo mineralized potassic core. The coming geophysical program has a much greater survey area than that of the historical surveys, and as such, will play a key role in evaluating the depth potential of the Rip porphyry Cu-Mo system. The airborne magnetic survey is estimated to commence in late April, with the 3-D IP survey estimated to commence in May/June.

Interra looks forward to the results of its programs in conjunction with its partners, ArcWest, and the recently rejuvenated copper and precious metals markets. Updates are anticipated to be every couple of months throughout the exploration season.

About Interra Copper Corp.

Interra Copper is focused on building shareholder value through the exploration and development of its two early-stage copper exploration assets located in British Columbia, Canada.

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