QC Copper and Gold Inc. provided an update to shareholders regarding the progress made towards completing the Mineral Resource Estimate for the Opemiska Copper Project, situated in the Chibougaumau-Chapais District of Quebec. The Company has completed the wireframes, geologic modeling, and data validation, which comprise the vast majority of the technical inputs for the MRE. The remaining elements are the extraction of the digitized stopes from the mineralized envelopes, block modelling, pit optimization, and the final audit of the MRE by an independent Qualified Person.

QC Copper reiterates that it views the Opemiska deposit as a company-building asset that has the potential to transform the Chigbougamau-Chapais District by becoming a large-scale copper-gold mine once again. Therefore, primary objective with this resource update is to deliver a high-quality database that will enable any operator or major mining company to access data room, evaluate the asset, and have confidence in the quality of interpretation of the geology. Opemiska's updated MRE is based on the comprehensive geology analysis of more than 980,000 meters of drilling, 430,500 historical assays, and the Company's 74,000 metres of drilling.

The objectives of this updated MRE are to include the 50,000 metres of drilling completed since 2021's MRE, optimize the resource, and reinterpret its geology based on improved knowledge of geology and mineralization. The former aspect is critical to delivering a high-quality database to those entering data room for strategic investment, permitting, and potential acquisition.