CopAur Minerals Inc. announced the results from the Fourth Quarter 2022 drilling at the Bolo Project, located in Nye County, Nevada. Two core holes totaling 409 metres were drilled at the South Mine Fault Zone to infill and expand areas of known mineralization. Significantly, these are the first diamond drill core holes to test the core of the high-grade gold mineralization at the South Mine Fault Zone and they provide important new information with respect understand the lithology, alteration, and mineralization style.

In addition, ten reverse circulation holes totaling 1,947 metres were completed to test exploration geochemical targets along the East Fault trend. Both core holes targeting the South Mine Fault Zone intersected significant gold . Hole BL22-04 returned a broad intercept of 1.5 g/t gold over 79 metres, including 3.0 g/t gold over 17 metres1.

Hole BL22-05 returned 1.1 g/t gold over 94 metres, including 2.5 g/t gold over 15 metres 1. Drill hole BL22-05 was lost at depth of 180 metres, but significantly ended in mineralization grading 0.79 g/t Au over 4.57 m which is interpreted to represent the up-plunge continuation a lower gold zone discovered by the Company during 2019 that yielded a grade of 3.32 g/t Au over 12.1 metres with hole BL19-02 . Mineralization interested during 2019 and again within BL22-05 highlights the west side and depth expansion potential of the South Mine Fault Zone along parallel structures and within known gold-hosting lithologies. Gold mineralization is associated with zones of significant calcite veining, stockwork or brecciation, as well as persistent goethite ± hematite alteration, decalcification and/or silicification .

The Bolo core drilling provides a considerably better visual representation of the structure, textures and alterations associated with mineralization versus RC. Structural data and observations collected from the 2022 drill core provide significant insight into the nature and geometry of mineralization at the South Mine Fault and will be instrumental moving forward towards a potential maiden resource. While no significant results were returned from a series of 10 RC exploration holes testing surface geochemical targets along the East Fault trend, multiple drill holes intersected arsenic pathfinders and anomalous gold values coincident with surface geochemical anomalies, faults and jasperoid rocks, which validates the Company's systematic, and data driven exploration approach.

Multiple untested priority exploration targets remain within the Bolo Project located along the Mine Fault and East Fault trends. Some of these targets, most notably within the Northeast Extension of the SMFZ, have yielded significant gold values within historical RC drill holes including 21.4 metres averaging 1.44 g/t Au, 18.2 metres averaging 1.09 g/t Au, and 10.7 metres averaging 0.76 g/t Au 1.