22:23:24 EDT Wed 15 May 2024
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Stamper Oil & Gas Corp (2)
Symbol STMP
Shares Issued 14,558,934
Close 2024-03-27 C$ 0.09
Market Cap C$ 1,310,304
Recent Sedar Documents

Stamper releases NI 43-101 technical report for Redonda

2024-03-28 10:11 ET - News Release

Subject: Stamper Oil & Gas Corp. (TSXV: STMP) // For Immediate Release PDF Document

File: Attachment STMP_20240328_NR_43-101_report_FINAL.pdf

NI 43-101 TECHNICAL REPORT AVAILABLE FOR REVIEW

March 28th, 2024 Vancouver, British Columbia. Stamper Oil & Gas Corp. ("Stamper" or the "Company") (TSX-V: STMP; FSE: TMP2) Is pleased to announce the release of its National Instrument 43-101 ("NI 43-101") Technical report on the Redonda Copper property. The full report can be accessed under the Company's profile on https://www.sedarplus.ca

Comments from President and CEO Bryson Goodwin:

"I am delighted to share the NI 43-101 Technical report with our committed investor base! Please feel free to review the entire report on Sedar Plus. The Redonda copper project has continued to deliver high grade returns, assays from 2023 exploration season demonstrated significant project affirming intercept lengths.

These high-grade intercepts not only enhance our comprehension of the underlying geology but also provide clear evidence, bolstering our commitment to further exploration endeavors.

Of note are the Rhenium returns. Rhenium is one of the rarest elements in Earth's continental crust; its estimated average crustal abundance is less than 1 part per billion. Rhenium is a metal that has an extremely high melting point and a heat-stable crystalline structure. More than 80 percent of the rhenium consumed in the world is used in high-temperature superalloys, especially those used to make turbine blades for jet aircraft engines. https://pubs.usgs.gov/publication/pp1802P

I have included the following information to help shareholders view our results in a broader perspective.

For a mine currently in production:

dot Typical cut off 0.10% acid soluable copper. o This is the number below which you don't consider copper to be recoverable.

dot PROFITABLE production Copper grade %0.17 (as reported in 2022 with a price per pound low of $3.22) dot PROFITABLE production Molybdenum 0.008

COPPER IS FORCAST TO EXCEED $4.00 WITH MANY ACKNOWLEDGED EXPERTS PREDICTING $5 BY 2025. This gives a frame of production understanding so shareholders can fully digest the listed results.

(A forecast is considered a Forward-looking statement involving various risks and uncertainties. There can be no assurance that this will prove to be accurate, and actual results and future events could differ materially from those anticipated in this

statement) https://www.cnbc.com/2024/01/03/copper-appears-set-to-rally-more-than-75percent-by-2025-analysts- say.html#:~:text=In%20a%20December%20report%2C%20the,scaled%20in%20March%20last%20year.

About Redonda:

The project comprises 9 claims totalling 2746.46ha and is located 40km northeast of Campbell River, BC. Redonda is easily accessed with year-round regularly scheduled barge service out of Campbell River via Marinelink. Access from Redonda Bay is by 5km of recently upgraded logging road. Logging is ongoing and assures a well-maintained complex of forest service roads across the claims. Work proceeded in 2021 under a Letter of Support from the Klahoose First Nation within their Traditional Territory and Free Use Permit, Drill Permit and IP Exemption from the Ministry of Energy, Mines and Low Carbon Innovation (EMLI).

The regional setting of the Redonda property is part of the Coast Suture Zone between the Wrangellia Terrane and the Coast Plutonic Complex. In the claims area, Early Cretaceous dioritic intrusive rocks of the Coast Plutonic Complex have been intruded by at least three later intrusive units, including a quartz plug, previously interpreted wide hornblende dike which is locally brecciated over its 600 meter exposed length and several smaller feldspar dikes which cut dioritic rocks near the southwest margin of the previously interpreted hornblende-rich body. Higher concentrations of copper- molybdenum mineralization are closely associated with the hornblende dike, particularly in areas where it has been brecciated. The geological setting of the mineralization on the Redonda mineral claims share a number of features similar to those observed at the OKover copper-molybdenum porphyry deposit located 34 km to the southeast, north of Powell River and the Gambier Copper deposit in Howe Sound.

About Stamper Oil & Gas

Stamper Oil & Gas Corp. (TSX-V: STMP) is an "Energy Commodity Focused" resource company, seeking to acquire interests in mineral and/or oil & gas resource properties focused on energy creation, storage or delivery. The Company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

ON BEHALF OF THE BOARD OF DIRECTORS

"Bryson Goodwin" Bryson Goodwin, President & CEO Chairman of Board of Directors

For further information, please contact: Phone: 604-341-1531 Email: brysongoodwin@shaw.ca

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.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Stamper Oil & Gas Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Stamper Oil & Gas Corp. management on the date the statements are made. Except as required by law, Stamper Oil & Gas Corp. undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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