Mr. Vince Sorace reports

KUTCHO COPPER DEFINES HIGH PRIORITY DRILL TARGETS

Kutcho Copper Corp. has completed target generation over its entire prospective project package that already hosts three volcanogenic massive sulphide (VMS) copper-zinc deposits -- Main, Sumac and Esso. The exploration package encompasses several high-priority targets, as well as a suite of longer-lead target areas. The Esso West target is the highest priority and has geophysical and geologic characteristics very similar to the Esso deposit, the highest grade of the three known deposits at Kutcho, and lies immediately along strike to the west.

High-priority targets:

• Esso West: 1,900-metre strike by 500 m down-dip coincident ZTEM (Z-axis tipper electromagnetic), VTEM (versatile time-domain EM), magnetic and seismic target that lies along strike to the west of the high-grade Esso deposit. Historical drilling down dip and at the eastern margin of the target returned an intercept of 7.2 m at 2 per cent copper and 5.2 per cent zinc;
• Mother: 7.5-kilometre-long, partially coincident ZTEM and VTEM target. A total of four historical drill holes tested portions of the target and define a prospective geological environment for a potential VMS deposit, including surface rock chip samples that returned greater than 10 per cent Cu, 0.10 per cent Zn, 69 grams per tonne silver and 2.2 g/t gold over widths of 2.5 to five centimetres;
• Far East: 3.5 km long, partially coincident ZTEM, VTEM and magnetic target. A total of four historical drill holes tested a 400 m strike length of the target and defined a prospective geological environment for potential VMS deposits, including anomalous copper and zinc values in syngenetic pyritic mudstones.

Vince Sorace, president and chief executive officer of Kutcho Copper, comments: "We are pleased to have completed this phase of our target generation at Kutcho. The collection of new ZTEM, VTEM, magnetic and seismic data has given our technical team the tools to unlock the full value of the generations of exploration data collected on the project. This work defined a land package that encompasses over 60 strike km of fold-repeated favourable stratigraphy that we have distilled down to three compelling high-priority targets and two additional favourable trends. We are looking forward to drill testing the Esso West and Mother targets, as well as advancing field evaluation of the Cairn, Far East and Sumac Ridge trends, in 2024."

Exploration targets

The targets have been prioritized by their similarity to known mineralization, strength of geophysical signatures and strength of supporting information (drilling, mapping, soil sampling, chip sampling, stream sampling etc.). The highest-priority group all lie within the Kutcho upper formation, where known mineralization occurs, including the Main, Sumac and Esso deposits. These priority targets include Esso West, Mother and Far East. The other targets are on interpreted fold-repetitions of the same productive time horizon with similar volcanic stratigraphy to the south of the main trend and are less well explored.

Esso West target

The Esso West target covers an area of 1,900 m strike by 500 m down dip and is defined by a coincident ZTEM, VTEM, magnetic and seismic anomaly that lies along strike and to the west of the high-grade Esso deposit. The target is bracketed by a total of five historic drill holes that consist of a combination of moderately to strongly sericite-pyrite altered quartz-crystals tuffs that correlate to the immediate hanging wall rocks to the Main, Sumac and Esso deposits and sericite-pyrite altered lapilli tuffs, which are indicative of the footwall sequence below the three known deposits. However, none of these holes directly tested the Esso West target. In addition, a fence of historical drill holes that were testing for the west extension of Esso mineralization struck the interpreted down dip eastern margin of the target and intersected semi-massive and massive sulphides in several holes and returned a best intercept of 7.2 m at 2 per cent Cu and 5.2 per cent Zn in E094B3. Esso West would be a key focus of planned drill testing during 2024.

Mother target

Mother is a 7.5 km long, partially coincident ZTEM and VTEM target. A total of four historical drill holes have tested portions of the target and define a prospective geological environment for a potential VMS deposit. Two historical holes anchored on the western extents of the target intersected an interpreted felsic flow dome consisting of a combination of sericite altered quartz, quartz-feldspar and lapilli felsic tuffs similar to the setting of the Main, Sumac and Esso deposits. Silica exhalates with jasperoid development, and bands of magnetite and semi-massive to massive sulphides occur between felsic units. These exhalates returned surface rock chip samples that ranged from 2.3 per cent to greater than 10 per cent Cu, 0.04 per cent to 0.10 per cent Zn, 15 g/t to 69 g/t Ag and 0.3 g/t to 6.2 g/t Au over widths of 2.5 to five cm. Two drill holes located two km and five km to the west of these holes intersected more distal felsic tuffaceous volcanic rocks and mudstones. The two km target segment between the felsic dome and distal basin mudstones is a prime environment for hosting potential VMS-style mineralization. A preliminary ground program is planned for 2024, prior to drill testing the target.

Far East target

Far East is a 3.5 km long partially coincident ZTEM and VTEM and magnetic target. A total of four historic drill holes have tested 400 m (or approximately 11 per cent) of the strike length of the target and define a prospective geological environment for a potential VMS deposit where anomalous copper and zinc values in syngenetic pyritic mudstones occur between a combination of felsic crystal and lapilli volcanic tuffs. Discrete segments of the target are defined by VTEM and magnetic anomalies that are similar to those over the three known deposits. The far eastern end of the anomaly suggests the possibility of a new fold nose-type target.

Secondary targets

Priority 2 targets present slightly different geologic environments to the known deposits. They are located in the Kutcho mid- and lower formations which are yet to show significant results from exploration; however, the strength of ZTEM/VTEM targets is compelling and additional fieldwork is required to define drill targets.

These target areas include Sumac Ridge and Cairn. Sumac Ridge lies within felsic volcanic rocks in the footwall of the known mineralization in an area of tight folding. The area has significant pyrite in outcrop and only two drill holes, located over 1,600 m apart, have tested this multikilometre target.

Cairn is a new VTEM target, with supporting ZTEM, generated in 2023. This multikilometre target has only seen cursory mapping and reconnaissance rock sampling to date. A comprehensive ground exploration program is planned for 2024 to evaluate both the Sumac Ridge and Cairn targets.

There are several more ZTEM and VTEM targets on the Kutcho property. As more is learnt through the planned 2024 program, these other targets will be re-evaluated and prioritized for further work.

Qualified persons

The technical or scientific information in this press release has been reviewed and approved by Andrew Sharp, PEng, British Columbia (licence No. 47907), FAusIMM, chief operating officer for Kutcho Copper, who serves as a qualified person under the definition of National Instrument 43-101.

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 positioned to advance permitting with the objective of getting to a positive construction decision.

We seek Safe Harbor.