Mr. Ivan Bebek reports

COPPERNICO PROVIDES DRILLING UPDATE ON THE SOMBRERO PROJECT AND ANNOUNCES PARTICIPATION IN UPCOMING FALL CONFERENCES

Coppernico Metals Inc. has provided an update on its continuing phase 1 exploration drill program. Drilling is being conducted through its Peruvian subsidiary, Sombrero Minerales SAC, at its Sombrero project in Peru, which is targeting copper skarn mineralization. To date, the company has successfully completed three diamond drill holes for a total of 1,161.1 metres at the Corrales zone, where preliminary findings have provided valuable insights into the geological setting and potential of the project. Assay results for the first three holes are pending.

The company intends to continue its drilling program in this target area, with additional widely spaced holes, to further assess the continuity, grade and scale of a potentially emerging copper skarn system. Coppernico will provide further updates as drilling progresses and assay results become available.

Tim Kingsley, vice-president of exploration, commented: "As we advance the fourth of approximately 30 planned drill holes, we are very encouraged by the geological features we are intersecting. The pace at which our team is gaining geological insights through drilling has been impressive, each hole is improving our model and allowing us to have greater confidence in our interpretations of geophysical signatures.

The Cascabamba area represents a large, very active hydrothermal system and the extent of skarn alteration and the presence of sulphide minerals in hole 4 support our exploration thesis. This, combined with the complexity of the vein systems, indicate that we are in a highly prospective zone. As we move forward, we remain committed to deploying best practices in exploration, ensuring that we meet our environmental and social responsibilities."

Ivan Bebek, chair and chief executive officer, added: "This is an exciting time for the company as we undertake the inaugural drill program at the Sombrero project. Our technical team is executing safely, on time, within budget, and we are fully funded through 2025. In anticipation of a busy quarter of results, we plan to be very active with conference participation, road shows and interviews to keep investors abreast of our findings as we explore this compelling, large and active mineralized system."

Conference participation

Coppernico is pleased to announce that Mr. Bebek, chair and chief executive officer, will be participating in key industry conferences throughout the fall of 2024, where he will be available for one-on-one meetings with investors, analysts and industry stakeholders.

Upcoming fall conferences:

• Precious Metals Summit Beaver Creek -- Sept. 10 to 13, 2024, in Beaver Creek, Colo., United States. CEO presentation: Tuesday, Sept. 10 at 3:15 p.m. MT in room 1;
• Capital Event Conference Muskoka -- Sept. 27 to 29, 2024, in Muskoka, Ont., Canada;
• Precious Metals Conference Zurich -- Nov. 11 to 12, 2024, in Zurich, Switzerland.

The conference presentations will be posted on the company's website.

Technical disclosure and qualified person

The scientific and technical information contained in this news release was reviewed and approved by Mr. Kingsley, MSc, CPG, Coppernico's vice-president of exploration, who is a qualified person (as defined in National Instrument 43-101).

Analytical protocols

As of the date of this release, none of the core samples have been submitted for assay and no assurance can be given that significant grades of mineralization will be determined to be contained within these cores.

The procedure for assaying and custody control includes systematic collection of core samples, which are then split using a diamond saw. One-half of the core is sent to an accredited laboratory for analysis, while the other half is retained on-site for reference and verification. Chain of custody protocols are strictly followed to ensure sample integrity from the drill site to the laboratory.

About Coppernico Metals Inc.

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent and thoughtful project evaluation and exploration excellence in pursuit of the discovery of world-class copper-gold deposits in South America.

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