Canadian Copper Inc. announced a new Mineral Resource Estimate for the Murray Brook Project located in New Brunswick, Canada. The Company has designed a 12-hole, 3,000 metre drill program to determine the extent of a new copper and gold zone (MB19-01: 1.35% Cu, 19 gpt Ag, 0.18 gpt Au over 26 metres) defined by twelve of the 2017 to 2019 drill holes, which are an approximate 50-metre step-out to previous drilling. Review process options to potentially recover the 400,000 gold ounce Mineral Resource that exists within the oxide and sulphide MRE.

Commence regional exploration across the 18 km Caribou Horizon corridor that remains highly prospective and has produced greater than 700 million pounds of zinc plus copper, lead, silver, and gold since the 1970s. Mineral Resource Estimate Completed by P&E Consultants Inc. This MRE for Murray Brook is based on data with an effective date of September 27, 2023. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. The Mineral Resource Estimate was based on July 2023 approx. consensus economics forecast USD 4.00/lb Cu, USD 1.25/lb Zn, USD 0.95/lb Pb and USD 23/oz Ag at a USD 0.76 USD/CAD exchange rate.

One half of the drill core was placed in a standard plastic sample bag and the other half carefully returned to the core box for reference. Samples were picked up from the drill core facility by bonded courier and driven to TSL Laboratories in Saskatoon throughout the 2010 to 2013 drill programs. Samples taken during the 2017 to 2019 drill programs were picked up at the core facility by courier transported to the ALS Global facility in Sudbury for sample preparation, before being shipped to the ALS Global laboratory in Vancouver for geochemical assaying. Samples at TSL were crushed to 70% passing -10 mesh (1.70 mm), from which a 1,000 gram portion is riffle split and pulverized to 95% passing -150 mesh (106 um).