Culpeo Minerals Limited confirmed that it has earned a 20% interest in the Lana Corina Copper-Molybdenum Project (the "Project") in Chile, following the satisfaction of certain conditions of the earn-in agreement. Lana Corina is a new discovery and the Company's flagship asset, where drilling has defined high- grade copper and molybdenum mineralisation over an area of 500m x 400m x 700m deep, within a >3km prospective corridor. The Lana Corina tenement package consists of nine concessions for a total area of 5.5km, with the Project area strategically located close to existing infrastructure with sealed road access and a high voltage power line approximately 7km to the east.

Lana Corina is located in the coastal belt, Coquimbo region of Chile, approximately 350km north of Santiago. The Project is in a prolific copper belt hosting multiple major deposits including Los Pelambres (6.1Bt @ 0.51% Cu, 0.016% Mo and 0.06g/t Au), Andacollo (250 Mt @ 0.62% Cu and 0.25g/t Au) and El Espino (123Mt @ 0.66% Cu and 0.24g/t Au10). Lana Corina is associated within a structural zone oriented in a northeast-southwest direction with >3km of strike and up to 400m width.

High-grade copper mineralisation at Lana Corina is associated with four known breccia pipes occurring in the upper levels of a large copper bearing porphyry hosted mineralized system. The high-grade mineralisation identified to-date outcrops at surface and extends to a vertical depth of >700m. Prospectivity modelling has identified multiple target areas in the northeast sector of the Lana Corina Project area extending the potential mineralised corridor to >3km strike length.

This work indicates significant regional potential for further copper and molybdenum discoveries and provides the Company with a pipeline of high priority drill targets. In addition, mapping of the northeast sector has identified significant surface mineralisation and historic small scale mine workings where geochemical sampling has now been completed. The excellent results of Culpeo's drilling programs and prospectivity modelling continue to strongly support the Company's exploration model that Lana Corina hosts a substantial high-grade copper and molybdenum system, which the Company is focused on systematically exploring.