Copper Road Resources Inc. announced the validation and expansion of the JR Zone ("JR Zone") copper-molybdenum porphyry and copper-gold breccia pipe targets at its 21,000-hectare project, Batchewana Bay Ontario. The JR Zone, comprising the Jogran Porphyry and nearby Richards Breccia, is located approximately 12 km from the former Tribag Mine Zone which the Company drilled in 2022. The Company plans to expand surface exploration and drill test the JR Zone in 2023 to establish a second large scale near-surface mineralized zone at the Copper Road Project.

The Company is excited to be in a unique position to unlock value for shareholders by continuing to advance both the Tribag and JR Zones at its potentially district-scale copper project. Due to fragmented claim ownership and regional staking closures, the JR Zone has seen limited diamond drilling into these near-surface porphyry and breccia-hosted Cu-Mo-Au-Ag targets. Historical exploration at the Richards Breccia and Jogran Porphyry by Jogran Mines (1964), Phelps Dodge (1966), Duration Mines (1988), and Aurogin Resources (1997) encountered relatively broad near-surface intersections of copper mineralization that is untested below 150 m in the porphyry, and untested below 75 m in the breccia.

The Company completed three reconnaissance Mobile Metal Ion ("MMI") soil sample lines over the JR Zone to evaluate the potential for an expanded footprint of the mineralized system(s) in areas outside of known mineralization. Significant Cu and Mo values in the soil samples demonstrate possible porphyry and/or breccia-style mineralization along strike between the Richards and Jogran targets (located 900 m apart on a NE-SW trend), and to the southeast of Richards, expanding the JR target zone to 1.5 km by 550 m. The Company recently received results from its fall 2022 exploration program which collected 11 reconnaissance MMI soil sample lines over eight historical and newly defined exploration targets within its' 21,000-hectare project. The JR Zone contained strongly anomalous sample results in an area which hosts drill-indicated porphyry-style Cu-Mo(+/-W-Ag-Au) mineralization in the Jogran intrusive and host basalts, and drill-indicated higher-grade Cu-Au-Ag breccia-style mineralization (similar to the Tribag Mine) at the Richards occurrence.

Three reconnaissance MMI soils lines were completed, including one long line (2.2 km) along the presumed strike trend of the mineralization, and two "wing" lines, one each directly over the Jorgran Porphyry (1.2 km) and the Richards Breccia (1.1 km). All lines returned strongly anomalous Cu, Mo, W, Ag and localized Au over the known occurrences (confirming limited drilling and trenching) but also extending the anomalies for hundreds of metres in most directions in both Cu and Mo (anomaly J1), and discovering new Cu anomalies. (J2, and R2 to R4.).

This indicates the potential for a much larger footprint of the known mineralization, which at this point (with only 3 reconnaissance lines) is as much as 1.5 km along strike and up to 550 m wide (open). Anomalous W and Ag form a broad halo over the whole system, with local Au strongest at Jogran (J1) and new Target R4. Besides responding to the know mineralization, the expanded anomalies around the JR Zone are equal in strength to those reported by Heberlein (2010) from MMI test lines completed over the Mount Milligan and Kwanika alkalic porphyry Cu-Au-Ag+/-Mo deposits in British Columbia, so the Company is reasonably confident that the MMI anomalies at Jogran and Richards represent valid potential concentrations of metals at shallow depth beneath the thick overburden cover (2 to 15+ metres) that is common in the project area.