Mr. Ernest Mast reports

DORE COPPER ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Dore Copper Mining Corp., further to its news releases dated Dec. 9, 2020, Dec. 11, 2020, and Dec. 24, 2020, has closed the final tranche of its previously announced non-brokered private placement, pursuant to which the corporation sold an aggregate of 2,999,622 common shares in the capital of the corporation at a price of 68 cents per offered share for aggregate gross proceeds of $2,039,742.96. Together with the first tranche of the offering, the corporation sold an aggregate of 8.8 million common shares in the capital of the corporation under the offering for aggregate gross proceeds of $5,984,000. With the close of this offering, the corporation now has 40,937,668 common shares outstanding.

Paradigm Capital Inc., Cormark Securities Inc. and Canaccord Genuity Corp. acted as finders in connection with the final tranche of the offering. In consideration for acting as finders in connection with the final tranche of the offering, the corporation paid an aggregate of $31,048.80 in cash finders' fees to the finders, representing 6 per cent of the gross proceeds of the offered shares that were sold to subscribers introduced by such parties, and issued an aggregate of 45,660 non-transferable warrants to purchase common shares in the capital of the corporation to the finders, representing 6 per cent of the offered shares that were sold to subscribers introduced by such parties, with each finder's warrant being exercisable for one finder's warrant share at a price of 68 cents per finder's warrant share until Jan. 22, 2023. In addition to the finders' fees, the corporation also paid administrative fees in the amount of $49,499.97 in respect of three subscriptions under the offering.

The corporation intends to use the net proceeds from the offering to finance project milestone payments, exploration and development activities, and general working capital expenses.

The securities issued in connection with the closing of the final tranche of the offering are subject to a hold period under applicable Canadian securities laws, which will expire on May 23, 2021. The offering is subject to the final acceptance of the TSX Venture Exchange.

About Dore Copper Mining Corp.

Dore Copper is a copper-gold explorer and developer in the Chibougamau area of Quebec, Canada. Dore Copper has consolidated a large land package in the prolific Lac Dore/Chibougamau mining camp that has historically produced 1.6 billion pounds of copper and 3.2 million ounces of gold. In addition, the corporation has optioned the high-grade Joe Mann gold mine (historical production 1.17 million ounces at 8.26 grams per tonne (g/t) gold (Au)). The land package includes 12 former-producing mines, deposits and resource target areas within a 60-kilometre radius of the corporation's 2,700-tonne-per-day mill (Copper Rand mill).

The corporation's current focus is to grow mineral resources and redevelop the high-grade Corner Bay (copper-gold), Cedar Bay (gold-copper) and Joe Mann (gold) deposits. The corporation has resumed its drilling program starting at Corner Bay with approximately 6,000 metres of drilling, which will lead to an updated mineral resource estimate in Q2 2021 and a preliminary economic assessment in the first half of 2021.

We seek Safe Harbor.