Mr. Clive Massey reports

UNIVERSAL COPPER ENTERS LOAN AGREEMENT

Universal Copper Ltd. has entered into a convertible loan agreement with an arm's-length lender pursuant to which the lender has agreed to lend the company $150,000. The principal amount will be due and payable by May 28, 2024, and is secured against the assets of the company. No interest will accrue on the principal amount prior to the maturity date; however, following the maturity date or an event of default, the principal amount will accrue interest at a rate of 15 per cent per annum. Upon an event of default that has not been remedied, the lender has the option to elect to convert all or a portion of the principal amount into common shares in the capital of the company at a price of: (i) five cents per share if the lender provides the company with its election to convert the principal amount into shares within one year from the date the principal amount is advanced to the company; or (ii) 10 cents per share if the lender provides the company with its election to convert the principal amount into shares after one year from the date the principal amount is advanced to the company. The company intends to use the principal amount to satisfy the outstanding cash option payment with respect to the Poplar copper project.

All securities issued in connection with the loan agreement will be subject to a statutory hold period of four months plus a day commencing from the date of distribution in accordance with applicable Canadian securities laws. The advancement of the principal amount to the company is subject to various conditions precedent, including, but not limited to, approval from the TSX Venture Exchange.

About Universal Copper Ltd.

Universal Copper is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The company's management team has many years of experience in exploration, finance and efficient public company management. Universal Copper's current focus is on advancing the Poplar copper project, one of the most advanced preproduction copper projects in British Columbia with a historic National Instrument 43-101 resource.

We seek Safe Harbor.