Mr. Hendrik van Alphen reports

WORLD COPPER ANNOUNCES APPOINTMENT OF GORDON NEAL AS chief executive officer

World Copper Ltd. has appointed Gordon Neal as chief executive officer and president.

Appointment of Mr. Neal as chief executive officer and president

The company announces the appointment of Mr. Neal as chief executive officer and president, effective Jan. 22, 2024.

Mr. Neal is a distinguished professional in the metals and mining industry, with a comprehensive background in capital markets, corporate governance, finance and investor relations. In his most recent executive tenure as the chief executive officer and director of Tincorp Metals Inc., Mr. Neal demonstrated strategic leadership and industry acumen. His career is marked by a series of prestigious roles, including president of New Pacific Metals Corp., vice president of corporate development at both Mag Silver Corp. and Silvercorp Metals Inc. His governance and strategic insights have also been instrumental on the boards of companies such as Falco Resources Ltd., Balmoral Resources Ltd., Americas Petrogas Inc., Rock Gate Capital LLC and Wealth Minerals Ltd. Mr. Neal's career is a testament to his relentless drive, versatile skills and unwavering commitment to excellence in every endeavour he undertakes. His contributions have not only shaped his companies but have also had a lasting impact on the industries he has been a part of.

Previously to his work in the metals industry, Mr. Neal founded Neal McInerney Investor Relations in 1991, demonstrating his entrepreneurial acumen. Under his leadership, the firm achieved remarkable growth by successfully marketing over $4-billion in debt and equity financings, ascending to become Canada's second-largest full-service investor relations firm with a presence in Vancouver, Toronto and Los Angeles.

Beyond his corporate achievements, Mr. Neal has made significant contributions to public service, notably as a senior communications adviser in the office of the Prime Minister of Canada, highlighting his adeptness in high-level communication strategies and policy advising.

Hendrik van Alphen, chairman and director stated: "Mr. Neal's transition into the chief executive officer and president role of World Copper will mark the beginning of a transformative era for the company. His profound expertise and visionary leadership are poised to be pivotal in executing the company's strategic objectives and advancing the company's exceptional assets. This transition signifies not just a change in leadership but a reinvigoration of the company's mission and a recommitment to excellence under Mr. Neal's guidance."

Escalones project update

The company also provides an update to the Escalones copper project in central Chile in relation to a presidential decree establishing a sanctuary of nature in the area of the Escalones project.

The Ministry of the Environment of the Republic of Chile, proposed to the president of the Republic of Chile the creation of state protected areas, which include marine parks and reserves, as well as sanctuaries of nature and coastal marine protected areas. The proposal was to create five new sanctuaries of nature in Chile. Following that proposal, the president of the Republic of Chile signed decrees for the creation of these sanctuaries of nature in several locations in Chile, one of which included the upper Maipo River valley, where the company's Escalones project is located. The decree was published in the official gazette on Nov. 30, 2023.

Management has confirmed that the decree indeed covers the area of the Escalones project and is presently determining the full regulatory and permitting impact of the decree on company plans to develop Escalones. Following that analysis, the company will establish the best way forward to advance the Project.

The management believes that it can continue advancing the project in compliance with the new, additional measures of natural protection added by the decree. The company will collaborate with the owners of the surface rights to produce an adequate local management plan for the sanctuary that enables further advancement of the project and safeguards the natural environment in accordance with the aforementioned regulations.

The company is also reviewing all of their options pursuant to local and international rights in regards to the decree, while maintaining its full commitment to the highest industry standards for environmental protection and sustainability.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and each has additional copper porphyry targets with exciting potential to expand the resource base.

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