Mr. Vince Sorace reports

KUTCHO COPPER ANNOUNCES CLOSING OF $4,063,050 MILLION FINANCING

Kutcho Copper Corp. has closed its previously announced non-brokered private placement for gross proceeds of $4,063,050.60.

The company issued 8,001,000 units at a price of 25 cents per unit for gross unit proceeds of $2,000,250.00 and 6,876,002 units consisting of flow-through units at a price of 30 cents per FT unit of the company for gross FT unit proceeds of $2,062,800.60.

Each unit will consist of one common share in the capital of the company and one-half transferable common share purchase warrant, exercisable at a price of 40 cents per common share for a period of 24 months from the closing date, subject to accelerated expiry as described herein.

Each FT unit will consist of one flow-through share in the capital of the company and one-half transferable warrant, exercisable at a price of 45 cents per common share for a period of 24 months from the closing date, subject to accelerated expiry as described herein. Each FT share will be a common share that will qualify as a flow-through share for the purposes of the Income Tax Act (Canada). Each FT share will entitle the holder thereof the same rights as holders of common shares, as described herein.

If the closing price of the company's common shares on the TSX Venture Exchange (TSX-V) (or such other principal exchange on which the common shares may be traded at such time) is equal to or greater than 60 cents for a period of 10 consecutive trading days, the company may (but is not required to), at its sole discretion, accelerate the expiry date of warrants to the date which is 30 days following the date upon which notice of the accelerated expiry date is provided by the company to the holders of the warrants (given by way of news release).

The company intends to use the gross proceeds raised from the sale of FT Shares (comprised within the FT units) for exploration on its Kutcho property in British Columbia that will qualify as Canadian exploration expense and flow-through critical mineral mining expenditure (both within the meaning of the Income Tax Act (Canada)) and which will be incurred on or before Dec. 31, 2024, and renounced with an effective date no later than Dec. 31, 2023, to the initial purchasers of FT shares (comprised within the FT units). The company intends to use the net proceeds raised from the sale of units for general administrative and working capital expenses.

All securities issued under the offering will have a hold period of four months and a day from the date of issuance. The company paid to eligible finders, cash fees of $242,238.50 and issued 435,820 non-transferable finder warrants exercisable into common shares at 45 cents and 420,770 non-transferable finder warrants exercisable into common shares at 40 cents. The offering is subject to the company completing its remaining filing requirements with the TSX-V and final approval of the TSX-V.

About Kutcho Copper Corp.

Kutcho Copper is a Canadian resource development company focused on expanding and developing the Kutcho high-grade copper-zinc project in Northern British Columbia. Committed to social responsibility and the highest environmental standards, the company recently completed a feasibility study on the Kutcho project and is advancing permitting with the objective of getting to a positive construction decision.

We seek Safe Harbor.