Mr. David Greenway reports

MAJUBA HILL COPPER OPTIONS THE COPPER CHEST PROPERTY, NEWFOUNDLAND

Majuba Hill Copper Corp. has entered into a share exchange agreement with 1429570 B.C. Ltd. to earn up to 100 per cent in the Copper Chest property.

The property is located on the Bonavista peninsula, eastern Newfoundland, is 180 kilometres southeast of the provincial capital St. John's and is composed of 375 hectares in 15 separate claims.

The company has the right to earn an up-to-100-per-cent interest in the Copper Chest property under the following terms on or before time of closing:

• Issuing 13.26 million common shares of Majuba Hill with the consideration shares being issued at a deemed price of 15 cents per share;
• Receipt of all required regulatory, corporate and third party approvals, including the Canadian Securities Exchange;
• The closing date shall be on or before Nov. 15, 2023.

David Greenway, chief executive officer of Majuba Hill, commented: "In our ongoing pursuit of growth and value creation, we are thrilled to announce our option agreement to secure 100-per-cent ownership of the Copper Chest property in Newfoundland. This milestone underscores our commitment to fortifying our Canadian copper portfolio and seizing the moment to make timely acquisitions that enhance our company's worth during opportune market conditions. The geological characteristics and copper mineralization found on the Bonavista peninsula bear striking resemblances to established sediment-hosted copper-producing districts, further fuelling our enthusiasm for the potential of this project. Together, we embark on a journey of discovery, forging a path to prosperity, sculpting our destiny one copper vein at a time."

Highlights of the property include:

• The property is predominantly underlain by turbiditic sediments of the late Precambrian connecting point group.
• The group consists of grey to black shale, argillite and slate, green greywacke, and minor conglomerate.
• Mineralization occurs mainly as disseminated fracture-controlled chalcocite (plus or minus silver) hosted in grey to green sequence of gently dipping reduced sandstone and siltstone.
• Michel Dessureault 2001 report 2778: Significant results include 2,279 parts per million copper (1).
• The property has road access from Port Rexton or Trinity through Newfoundland and Labrador Route 230.

Qualified person

The scientific and technical information contained in this news release has been reviewed by Larry Segerstrom, MSc (geology), CPG, a non-independent consulting geologist who is a qualified person as such term is defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

(1) Mr. Dessureault, 2001, "2001 Work Report, Red Cliff Property; Geological Survey of Newfoundland and Labrador, Geofile No. NFLD-2778."

About Majuba Hill Copper Corp.

Majuba Hill is engaged in the identification, review and acquisition of latter-stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fuelled by the green new deal in the United States and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce electric vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.

The flagship project is the Majuba Hill copper, silver and gold district located 156 miles outside of Reno, Nev., United States. Management has been mandated to focus on safe, mining-friendly jurisdictions where government regulations are supportive of mining operations.

We seek Safe Harbor.