Vancouver, BC ,January 4, 2023 -Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C) (the "Company" or "Copper Mountain") launches the previously announced bond buy-back offer for itsUS$250 million senior secured bonds (the "Bonds"). The Company has retained Clarksons Securities AS to facilitate the buy-back offer. The Company will make an offer to buy-back Bonds for an aggregate minimum principal amount ofUS$87,000,000 (the "Buy-Back Offer") at an offered price of 103.00 per cent of the nominal amount of the Bonds (plus accrued interest on the repurchased amount). For further background and information, reference is made to the Company's press release datedNovember 28, 2022 . The Buy-Back Offer will be distributed to the bondholders today,January 4, 2023 , and posted on Stamdata. The Buy-Back Offer period will commence onJanuary 4, 2023 at09:00 CET and end onJanuary 18, 2023 at16:00 CET (the "Buy-Back Offer Period"). The Buy-Back Offer Period may be extended by the Company, in its sole and absolute discretion. Settlement of the purchase price under the Buy-Back Offer is expected to take place on or aboutJanuary 23, 2023 , and the Company will use the proceeds on the deposit account established for the Buy-Back Offer to finance the payment of the purchase price. The Company will also use the proceeds on the deposit account to pay the one-time amendment fee of 0.25% of the Nominal Amount of the Outstanding Bonds to the Bondholders through the CSD onJanuary 12, 2023 (the "Amendment Fee Payment Date"). The record date on which any Bondholder must hold the Bonds to be entitled to the amendment fee is end of businessJanuary 10, 2023 , i.e. two (2) Business Days prior to the Amendment Fee Payment Date. AboutCopper Mountain Mining Corporation Copper Mountain's flagship asset is the 75% ownedCopper Mountain Mine located in southernBritish Columbia near the town ofPrinceton .The Copper Mountain Mine currently produces approximately 100 million pounds of copper equivalent on average per year. Copper Mountain trades on theToronto Stock Exchange under the symbol "CMMC" andAustralian Stock Exchange under the symbol "C6C". Additional information is available on the Company's web page at www.CuMtn.com. On behalf of the Board ofCOPPER MOUNTAIN MINING CORPORATION "Gil Clausen "Gil Clausen President and Chief Executive Officer For further information, please contact:Tom Halton Director, Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: Tom.Halton@CuMtn.com Website: www.CuMtn.com Cautionary Note Regarding Forward-Looking Statements This news release may contain "forward looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this news release and Copper Mountain does not intend, and does not assume any obligation, to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities legislation. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements relate to future events or future performance and reflect Copper Mountain's expectations or beliefs regarding future events. In certain circumstances, forward-looking statements can be identified, but are not limited to, statements which use terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes", "forecasts", "guidance", "scheduled", "target" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" or the negative of these terms or comparable terminology. In this news release, certain forward-looking statements are identified, including completion of the Buy-Back Offer and any future buyback or redemption in connection with any contingent consideration received from Harmony, anticipated production at theCopper Mountain Mine , and expectations for other economic, business and/or competitive factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the operations and capital expenditure plans of the Company, the potential impact of the announcement of the Buy-Back Offer, the successful exploration of the Company's properties inCanada andAustralia , market price, continued availability of capital and financing and general economic, market or business conditions, the Company's ability to comply with its financial covenants under the Bond terms and meet its future cash commitments, extreme weather events, material and labour shortages, the reliability of the historical data referenced in this document and risks set out inCopper Mountain's public documents, including the management's discussion and analysis for the quarter endedSeptember 30, 2022 and the annual information form datedMarch 29, 2022 , each filed on SEDAR at www.sedar.com. Although Copper Mountain has attempted to identify important factors that could cause the Company's actual results, performance, achievements and opportunities to differ materially from those described in its forward-looking statements, there may be other factors that cause the Company's results, performance, achievements and opportunities not to be as anticipated, estimated or intended. While the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Accordingly, readers should not place undue reliance on the Company's forward-looking statements.
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