Mr. David Greenway reports

MAJUBA HILL CLOSES ACQUISITION OF COPPER CHEST PROJECT

Further to its news release dated Oct. 9, 2023, Majuba Hill Copper Corp. has completed the acquisition of all the issued and outstanding common shares in the capital of 1429570 B.C. Ltd. (1429 B.C.) pursuant to the terms of a share exchange agreement dated Oct. 5, 2023, between the company, 1429 B.C. and the shareholders of 1429 B.C.

1429 B.C. is a privately held company based in Vancouver, B.C. 1429 B.C. holds title to the Copper Chest project, which includes 15 mineral claims totalling 375 hectares located approximately 180 kilometres southeast of St. John's, Nfld.

Share exchange agreement terms

Pursuant to the terms of the share exchange agreement and in consideration for the acquisition, the company issued an aggregate of 13.26 million common shares in the capital of the company pro rata to the 1429 B.C. shareholders at a deemed price of 15 cents per payment share. The payment shares are subject to a restriction of resale for a period of four months and one day from the closing date of the acquisition.

About Majuba Hill Copper Corp.

Majuba Hill Copper 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 Reno, Nev., U.S. Management has been mandated to focus on safe, mining-friendly jurisdictions where government regulations are supportive of mining operations.

We seek Safe Harbor.