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File: Lorraine Copper Completes Lustdust Aquisition, Sept 27, 2016.doc


Lorraine Copper Completes Acquisition of Ok Copper-Molybdenum Property, BC

Vancouver, BC, Sept 27, 2016 - Lorraine Copper Corp. (TSX-V: LLC) ("Lorraine Copper") announces that it has completed 
--->a purchase agreement with Prophecy Development Corp. (TSX-V: PYC) ("Prophecy") concerning the Ok (Okeover) copper-moly
--->bdenum project located on the southwest coast of BC. Lorraine Copper has issued 2.2 million common shares of Lorraine 
--->Copper to Prophecy and will assume Prophecy's debt obligation to Eastfield Resources Ltd. ($19,078) under the parties'
---> former joint venture agreement to acquire Prophecy's 60% interest in the project. Prophecy will additionally be entit
--->led to receive 30 per cent of any payments or proceeds resulting from third party agreements related to the project en
--->tered into within a period of five years (capped at $1-million payable to Prophecy).
The OK project consists of 17 mineral claims dating to 1966 encompassing 6,313 hectares. Central to the claims is a no
--->rth-south-trending zone of porphyry mineralization extending approximately 6.0 kilometres. One of these zones, the Nor
--->th Lake zone, hosts an NI 43-101-compliant inferred mineral resource of 86.8 million tonnes grading 0.31 per cent copp
--->er and 0.009 per cent molybdenum (0.014% MoS2) (N.C. Carter, PEng, 2006, filed on SEDAR and available for review under
---> Lorraine's SEDAR profile).
The completion of the agreement with Prophecy increases Lorraine Copper's portfolio of assets to three projects consis
--->ting of:
A 100% interest in the Lustdust gold-silver-copper-zinc-lead project, Omineca region, BC (acquired earlier in Septembe
--->r, 2016)
A 100% interest in The OK copper-molybdenum project, Southcoast, BC
A 49% interest in the Lorraine copper-gold project (Teck Resources Ltd., 51%), Omineca region, BC. 

Lorraine Copper Corp. ("Lorraine Copper") is presently negotiating subscriptions for a private placement agreement, su
--->bject to regulatory approval, for the sale of up to 5,000,000 units (each unit comprises one common share and one shar
--->e purchase warrant) at a price of $0.06 per unit. Each warrant provides for the purchase of an additional common share
---> at a price of $0.10 per share for two years from the date of regulatory approval. The shares issued pursuant to this 
--->private placement, and any warrants exercised there from, shall be subject to a four-month hold period. Total gross pr
--->oceeds of the offering will be $300,000. The proceeds of the offering shall be applied to general working capital. The
---> company shall pay a 7% finder's fee (payable in shares) with respect to the placement. This offering is subject to ap
--->proval of the TSX Venture Exchange.  

J.W. (Bill) Morton in the "Qualified Person" pursuant to the requirements of NA43-101 who takes responsibility for the
---> information provided in this news release.

J.W. (Bill) Morton, P.Geo. 
President and CEO
Lorraine Copper Corp.
Contact:  Phone: (604) 681-7913, Toll Free: 888-656-6611; 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.