Faraday Copper Corp. announced the results of the Gold Program from the Keel Zone at the Copper Creek project in Arizona, USA. The results support the potential to unlock significant value through the contribution of payable gold in concentrate in future Mineral Resource Estimates ("MRE")1. Doubled the gold assay coverage in the Keel Zonewith 1,017 new gold assays, in addition to the 1,062 historical gold assays.

Examples of intercepts with new gold assays and re-assayed copper from historical core include: 103.64 m ("metres") at 1.34% copper and 0.28 grams per tonne ("g/t") goldfrom 667.51 m in drill hole LM-2; 85.35 m at 0.91% copper and 0.11 g/t goldfrom 652.27 m in drill hole LM-1; and 272.19 m at 0.47% copper and 0.05 g/t goldfrom 921.11 m in drill hole RMK-12-068. Gold and copper are correlated on an intercept basis with an overall ratio2 of approximately 1:9 gold (g/t):copper (%) at the Keel Zone. Recently completed metallurgical test work supports gold recoveries exceeding 80% to a payable grade in the copper concentrate from the Keel Zone.

As part of the gold program, copper was re-assayed and the results confirmed historical data, providing additional confidence in the database. The Keel Zone Overview: The Keel Zone represents approximately 60 million tonnes of the 330 million tonnes of the current underground MRE. Gold mineralization within Keel is zoned, with the greatest enrichment occurring in the magmatic cupola associated with bornite.

Metallurgical test work, reported in a news release dated February 26, 2024, on bornite-bearing samples from the Keel Zone suggests that gold recoveries average over 80% and gold has the potential to be payable in a copper concentrate. Gold Program Overview: Historically, only a small portion of samples analyzed for copper were also analyzed for gold. The Company has been analyzing archived sample material for gold with the aim of increasing data coverage for potential inclusion in future MRE updates.

In addition to gold assays, samples have been re-analyzed for copper, silver and molybdenum to further validate historical results. Assay results for Childs Aldwinkle, Copper Prince and the Keel Zone have been released. Gold and copper results for the Keel Zone are presented in Table 1. Next Steps: Additional zones in the current MRE are being evaluated for gold assay data coverage as the Company intends to include gold in future MRE updates.

Further, gold continues to be analyzed as part of the ongoing Phase III drilling program which has the following objectives: Expanding the MRE; Better delineating high-grade, mineralized zones; and Reconnaissance drilling on new targets. The current focus of the Phase III drilling program is on shallow breccia-hosted mineralization at American Eagle. The scientific and technical information contained in this news release has been reviewed and approved by Faraday's Vice President Exploration, Dr. Thomas Bissig, P. Geo., and Faraday's Vice President, Projects and Evaluation, Zach Allwright, P.Eng., both of whom are considered a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").