Castillo Copper : General Meeting Update

CASTILLO COPPER

LIMITED

ASX Release

23 March 2020

CASTILLO COPPER

LIMITED

ACN 137 606 476

Level 26

140 St Georges Terrace

Perth WA, 6000

Australia

Tel: [phone]

Fax: [phone]

Contact:

Simon Paull

Managing Director

E-mail:

[e-mail]

For the latest news:

www.castillocopper.com

Directors / Officers:

Rob Scott

Simon Paull

Gerrard Hall

Matt Bull

Issued Capital:

825.2 million shares 184 million options

93.7 million performance share

ASX Symbol:

CCZ

General Meeting Update

Castillo Copper Limited ("CCZ" or "the Company") published a notice of meeting (NOM) on 26 February 2020 for a general meeting (GM) of shareholders to take place on Friday, 27 March 2020.

In planning for the GM, CCZ has prioritised the health and wellbeing of its shareholders, consultants and employees.

To minimise health risks created by the rapidly evolving coronavirus (COVID

1. pandemic, CCZ strongly encourages shareholders to consider lodging a directed proxy rather than attending the meeting in person.

Please note that, in accordance with recent changes to ASX guidance, all ASX listing rule resolutions must be decided by a poll rather than by a show of hands.

Hence, as an alternative to attending in person, CCZ encourages shareholders to participate in the GM by:

• Attending via telephone (meeting details at Appendix 1); and
• Lodging questions prior to the meeting by [e-mail].

Shareholders who choose to physically attend the AGM should review and follow government warnings and recommendations. In addition, CCZ will ensure full compliance with WA Health Department protocols.

Shareholders who choose to lodge a proxy should follow instructions on their personablised proxy form, to be submitted to CCZ's share registry by 10.00am (Perth time), Wednesday, 25 March 2020 online, by hand or by post.

For and on behalf of Castillo Copper

Simon Paull

Managing Director

APPENDIX 1

Time: Mar 27, 2020 10:00 AM Perth

Join Zoom Meeting:https://zoom.us/j/658226717

Meeting ID: 658 226 717

Dial by your location

[phone] Australia

[phone] Australia

[phone] Australia

Find your local number:https://zoom.us/u/acuID4ccJV

ABOUT CASTILLO COPPER

Castillo Copper Limited (ASX: CCZ) is an ASX-listed base metal explorer primarily focused on copper then nickel, zinc & cobalt. The group is embarking on a strategic transformation to morph into a mid-tier copper group underpinned by three core pillars:

• Pillar I: Cangai Copper Mine in northern New South Wales, which is one of Australia's highest grading historic copper mines.
• Pillar II: The Mt Oxide project in the Mt Isa district, north-west Queensland, which delivers significant exploration upside through having a sizeable untested anomaly within its boundaries in a copper-rich region.
• Pillar III: Several high-quality prospective assets in Zambia, which is the second largest copper producer in Africa.

In addition, Castillo Copper is progressing a dual listing on the standard board of the London Stock Exchange.

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