Mr. Brian Thurston reports

INTERRA REPORTS POSITIVE THANE COPPER GOLD PROJECT RESULTS AND PROVIDES CORPORATE UPDATE

Interra Copper Corp. has released results from a recent geological review of the Thane copper-gold project. Thane is a 206-square-kilometre (km) property that is 100 per cent owned by Interra Copper and situated in central British Columbia, Canada, between Centerra Gold's Mt. Milligan mine and the former Kemess mine. Highlights of Interra's exploration results include:

• Discovery of the Bananas showing, an approximately 200 metre (m) long domain of chalcopyrite mineralized porphyritic syenite cut by quartz-magnetite stockwork and sheeted veins with extensive secondary copper (chrysocolla). Assay results from the Bananas showing include:
  • Sample 18615 on the southern portion of the zone yielded 3.82 per cent copper (Cu) and 0.218 gram per tonne (g/t) gold (Au) (Table 1).
  • Samples 18620 and 18617 from near the centre of the zone yielded 7.15 per cent Cu and 0.472 g/t Au and 1.65 per cent Cu and 0.746 g/t Au, respectively (Table 1).
  • Sample 18619 from the northern portion of the zone yielded 2.86 per cent Cu and 0.258 g/t Au (Table 1).
• A specialist team from Equity Exploration and Accretive Metals Advisory undertook a field review of 19 targets on the property; its findings confirm that Thane has significant alkalic copper-gold porphyry potential within a comparable geologic setting to nearby mines.

Chief executive officer Brian Thurston commented: "Interra's 100-per-cent-owned Thane property has some of B.C.'s most intense stream sediment anomalies as well as broad zones of alteration and anomalous copper and gold mineralization, providing strong evidence for the presence of a buried porphyry copper-gold deposit. The Bananas showing comprises high-grade mineralization in permeable rocks where deeper portions of the broader hydrothermal system may have been channelled closer to surface. This provides even more compelling evidence for a robust mineral system with economic potential at Thane. We are excited to follow up on this important discovery during the 2025 field season. "

The Thane copper-gold project is located in an underexplored portion of the northern Quesnel Terrane, 11 kilometres SE (southeast) of the past-producing Kemess South mine and 13 km NW (northwest) of the Mount Milligan mine. During early August, a specialist team from Equity Exploration and Accretive Metals Advisory undertook a review of 19 targets within the large 206 square km property. The team's evaluation and field observations confirmed that Thane has significant alkalic copper-gold porphyry potential within a comparable geologic setting with nearby mines. Ten high-priority targets were recommended for advancement, of which, the newly discovered Bananas showing and the previously known Gail showing are ranked highest priority with strong copper-gold mineralized alteration systems in favourable host rocks.

Follow-up reconnaissance of the Bananas showing in September, 2024, included preliminary delineation of the mineralized zone over an approximately 200 m strike length in exposures spanning approximately 100 vertical metres. The Bananas showing comprises a pinching and swelling 0.5 to three m thick domain of moderate to dense chalcopyrite bearing quartz-magnetite veins in iron-altered porphyritic syenite. The domain is characterized by strong fracturing and locally focused shear zones. Chrysocolla, formed from oxidation of the abundant copper mineralization, covers outcrop faces and talus along the length of the showing. The Bananas showing is contained within a broad greater than two km iron-oxide and clay anomaly observed from a recent ALS Goldspot hyperspectral study.

Fourteen geochemical samples were collected along 170 m of the exposed length of the showing. Results range from 0.01 to 7.16 per cent Cu and 0.003 to 0.746 g/t Au, with anomalous concentrations of silver (Ag) ranging from 0.13 to 27.7 g/t and molybdenum (Mo) ranging from three to 156 parts per million (ppm). Highlighted samples, as well as sample statistics for the full Bananas showing data set are in Table 1.

Rip drilling program update

The phase 1 drilling program at the Rip copper project in central British Columbia has been completed. Two drill holes totalling 1,033.27 metres tested the northern geophysical anomaly reported by the company in its July 31, 2024, press release. The Rip project is situated approximately 33 km northeast of Imperial Metals' past-producing Huckleberry Cu-Mo mine and Surge Copper's advanced-stage Ox/Seal/Berg projects.

Drill hole RP2024-001 tested to a depth of 533.40 m and targeted a magnetic high near the centre of a combined magnetic-chargeability bulls-eye that defines the target. Drill hole RP2024-002 tested to a depth of 499.87 m targeting a section of the one km diameter doughnut shaped chargeability high (greater than 35 millivolts per volt) that surrounds the magnetic high. Both drill holes intersected multiphase porphyritic intrusions, and porphyry related alteration, veining and mineralization that are consistent with the geophysical signatures that were targeted. All core samples have been submitted to ALS laboratory in Richmond, Vancouver, for geochemical analysis. Results will be announced once all results are received and validated.

In 2023 the company announced an option agreement with ArcWest Exploration Inc. to acquire an 80-per-cent interest in the Rip Cu-Mo project. Interra can earn the first tier of its interest in the project (60 per cent) by completing staged exploration work totalling $2.0-million and direct payment of $100,000 and annual share payments over four years until the end of 2027.

Stars acquisition update

Further to the company's Oct. 7, 2024, press release, the meeting materials for the annual general and special meeting of the shareholders of Aurwest Resources Corp. (the AGSM) were mailed prior to, and are not affected by, the recent postal strike. The AGSM is scheduled for Dec. 10, 2024, is expected to proceed as planned. Shareholders of Aurwest Resources Corp. will have the opportunity to vote on the proposed sale of the Stars property to Interra. Subject to the approval of such resolution by the shareholders of Aurwest Resources and subsequent approval by the Canadian Securities Exchange (the CSE), the acquisition of the Stars property by Interra is expected to close before Dec. 16, 2024.

Market maker

Interra is pleased to announce that, subject to regulatory approval, the company has retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service in maintaining an orderly trading market for the company's common shares. The market-making service will be undertaken by VLP through registered broker, W.D. Latimer Co. Ltd., in compliance with the policies of the CSE and other applicable laws.

In consideration for the services provided by VLP, the company has agreed to pay VLP $5,000 per month, commencing Oct. 1, 2024, for an initial term of three months. Following the initial term, the agreement will renew for successive one-month terms, provided that after the initial three-month term the agreement may be terminated by either party at any time. Prior to retaining VLP, the company and VLP were at arm's length and VLP had no interest, direct or indirect, in the company or its securities. The finances and the shares required for the market-making service are to be provided by W.D. Latimer. The fee paid by the company to VLP is for services only and there are no performance factors contained in the agreement. VLP will not receive Interra shares nor options as compensation.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on CSE- listed issuers. VLP's chief executive officer, J.C. Cunningham, can be reached by telephone at 416-891-4349 or by e-mail at info@vlpinc.net .

Business development

Interra is pleased to announce that the company has entered into a corporate services agreement with CSC2020 Corp. (CSC) to deliver a holistic suite of consulting, branding and technology services, specifically designed to elevate the company's public market strategies, increase product market reach and brand positioning commencing Nov. 25, 2024. The company will also have access to CSC's proprietary artificial-intelligence-driven product line and content marketing.

In consideration for the services provided by CSC, the company has agreed to pay CSC a service fee of $40,000 (plus applicable tax) for an initial term of six months. The agreement will subsequently renew for additional one-month terms unless terminated, which may be effected by either party with 30 days of notice. There are no performance factors contained in the agreement. The company and CSC are at arm's length and CSC has no interest, direct or indirect, in the company or its securities.

Shares for debt

In connection with the engagement of CSC, the company and CSC have agreed to settle the outstanding debt owed by the company to CSC for an aggregate of 420,000 common shares of the company at a deemed price of 10 cents per debt settlement share.

All debt settlement shares will be subject to a hold period expiring four months and one day after the date of issuance.

IR appointment

The company would also like to announce the appointment of Kelly Abbott as investor relations and marketing awareness. Mr. Abbott has extensive experience in public markets and has helped secure millions of dollars in capital for both public and private companies. Mr. Abbott's expertise is in marketing, corporate strategy, venture capital and business development.

Stock options

The company has granted stock options to a consultant of the company to acquire an aggregate of 150,000 common shares in the capital of the company, pursuant to the company's equity incentive plan. The stock options are each convertible into a common share of the company at an exercise price of 12 cents until Nov. 14, 2029, and are subject to vesting over a period of 18 months.

Geochemical methodology and quality control

All samples were collected by Interra staff and contractors from outcrops, packaged in polyurethane sample bags, and submitted directly to ALS Geochemical Laboratory in North Vancouver. They were prepared for analysis according to ALS method PREP-31: each sample was crushed to 70 per cent passing two millimetres and a 250 g split was pulverized to better than 85 per cent passing 75 micrometres mesh. Gold was tested by fire assay with atomic absorption finish on 30 g nominal samples (ALS method Au-AA23). An additional 34 elements were tested by ICP-AES using a four-acid digestion (ALS method ME-ICP61), overlimit samples for copper were retested using the same technique but with ore grade four-acid digestion and a higher range of detection (method Cu-OG62). Quality assurance and control (QA/QC) is maintained at the lab through rigorous use of internal standards, blanks and duplicates.

* All samples collected from the Bananas showing are chip samples collected over a minimum length of 10 centimetres. However, sample length data were not available at the time of this news release. For this reason, samples should be treated as grab samples.

Grab samples are selective in nature, therefore, reported mineralization and assay results may not be representative of a volume of rock.

Qualified person

Brian G. Thurston, PGeo, the company's chief executive officer and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.

About Interra Copper Corp.

Interra Copper is focused on building shareholder value through the exploration and development of its two early-stage copper exploration assets located in British Columbia, Canada.

The Thane project, located in the Quesnel Terrane of northern B.C., spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization. The company has an earn-in option of up to 80 per cent on a joint-venture agreement on the RIP project, located in Stikine Terrane in a prolific belt of Late Cretaceous (Bulkley plutonic suite), known for copper-molybdenum deposits.

Interra Copper's leadership and advisory teams comprise senior mining industry executives who have a wealth of technical and capital markets experience, and a strong record of discovering, financing, developing and operating mining projects on a global scale. Interra Copper is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which it operates. The company's common shares are principally listed on the Canadian Securities Exchange under the symbol IMCX.

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