Exploration Plans Across CopAur Project Portfolio

VANCOUVER - CopAur Minerals Inc. reported on plans following the successful acquisition of New Placer Dome Gold Corp.'s Nevada gold assets and exercising its option to acquire 79.99% of the flagship Kinsley Mountain Gold Project. The update provides a 2022 exploration plan and details on the company's newly acquired Kinsley Mountain, Bolo and Troy projects in addition to its Williams Copper-Gold Project in northern British Columbia.

Jeremy Yaseniuk, CEO, said, "Management is delighted to have completed the acquisition of New Placer Dome and its three highly prospective Nevada assets. Kinsley is of particular interest, sharing many characteristics with the nearby Long Canyon Mine. The 2009 Long Canyon maiden resource had over 50,000 fewer indicated ounces gold than the current Kinsley resource which includes 418,000 indicated ounces, with both resources based on a similar number of drill holes. At the time of the $2.3 billion sale of Long Canyon in 2011, the resources had grown to 2.2 million ounces gold based on over 130,000 meters of drilling, over 50% more than modern drilling at Kinsley showing the potential upside of the project."

The Company's flagship Kinsley Mountain Gold Project has current indicated resources of 418,000 oz at a grade of 2.63 grams per tonne (g/t) gold and inferred resources of 117,000 oz averaging 1.51 g/t gold. Of the indicated resources, 302,000 oz are found within the high-grade Western Flank Zone, with an average gold grade of 6.11 grams per tonne2. Historical open-pit mining at Kinsley produced 138,000 ounces of gold between 1995 and 1999. Kinsley Mountain shares the same unique combination of stratigraphy, structure and mineralization with the Long Canyon Mine, located approximately 90 kilometers northwest. As of December 31, 2021, Long Canyon hosts a 1.38 million oz gold measured and indicated resource and has produced over 1 million oz gold.

Kinsley has significant resource expansion potential through continued near mine exploration and potential greenfield discoveries. Near resource areas drilled during the highly successful 49 hole, 18,000 meter 2020 drill campaign demonstrate significant resource expansion potential remains at Western Flank, Main Pit Oxide, and Secret Spot targets with highlights including Western Flank resource expansion drilling.

The Company is currently analyzing results from the recently completed 80 line-km IP/resistivity geophysical surveys completed at Kinsley. The surveys covered the Western Flank Zone, Secret Spot and Shale Saddle targets, as well as the Kinsley North Range to refine existing targets and generate new drill targets. The frontier Kinsley North Range contains a significant strike length of Pogonip Group and upper Notch Peak Formation rocks that are known to host significant gold mineralization at Long Canyon. This area of the project remains untested by drilling until now.

The Bolo Gold Project is located in the Hot Creek Range of Nye County, Nevada. Bolo demonstrates significant near-term resource and discovery potential. Surface geochemical sampling has defined widespread gold mineralization, associated with jasperoids, iron-stained structures, and anomalous gold pathfinder elements along two parallel north-south trending faults known as the Mine Fault and the East Fault. IP/resistivity surveys completed during late 2021 expanded geophysical coverage 1 km north along the Mine Fault and East Fault targets. Successful drill campaigns in 2019 and 2020 were focused on the South Mine Fault Zone's resource potential.

In early 2022, New Placer Dome announced an untested high priority exploration target along the East Fault hosted within an outlier of the Windfall Formation, the primary host of gold mineralization at the South Mine Fault Zone. Along the East Fault, Windfall outlier rocks are cut by fault-controlled jasperoid units and have returned gold pathfinder anomalies within gridded surficial rock samples. The favorable geology, structure, and pathfinder element anomalies highlighted in the East Fault area provide a compelling exploration target worthy of significant follow-up work and drilling.

Bolo surface prospecting and grid rock chip geochemical sampling targeting the northern extensions of the Mine Fault and East Fault structures (approximately 500 samples, extending historical rock chip coverage 1 km north and 300 m east-west). Up to 4,000 meters of RC and core drilling, including expansion drilling at the South Mine Fault Zone (1,000 m), as well as exploration drilling at the East Fault Windfall target and potential new targets generated by the surface work (3,000 m).

The Williams Copper-Gold Project is located in the Toodoggone region of north-central British Columbia. The property is situated halfway between the Red Chris and Kemess North mines, and on trend with the approximately 3-million-ounce Lawyers Gold-silver deposit4,7. Williams hosts two target areas: The T-Bill area, which is prospective for mesothermal style gold mineralization, the GIC porphyry prospect which is a porphyry copper-gold target.

During 2021 CopAur drilled 7 diamond drill holes totaling 3,150 meters targeting the T-Bill gold zone that included bulk-tonnage and high-grade mineralization including 41.57 meters of 1.38 g/t gold with 0.70 meters of 22.00 g/t gold in drill hole WM21-07. Surface exploration targeting T-Bill and GIC included 158 rock and 654 soil geochemical samples, 25 line-km of IP/resistivity geophysical surveys covering the GIC porphyry copper-gold targets and its eastern extension, and a 718 line-km property-wide airborne VTEM geophysical survey.

For 2022 CopAur plans to complete up to 2,000 meters of diamond drilling testing priority drill targets at the GIC copper-gold porphyry target, a 4 km x 0.8 km copper-gold geochemical and IP/resistivity anomaly, and the T-Bill gold zone along its northern and southern strike extent. Limited historical drilling of 5 holes totaling 881 meters during the 2006 exploration campaign at the GIC zone targeted chargeability high anomalies interpreted as part of a phyllic-pyritic halo related to a potential buried porphyry system. This drilling intersected broad zones of phyllic alteration, and patchy potassic zones returning anomalous copper mineralization within the chargeability high anomaly. However, peak copper-gold geochemical anomalies associated with magnetic and resistive anomalies flanking the high changeability remain untested and will be the target of the initial drilling during 2022.

The Troy Canyon Gold-Silver Project is located in the Grant Range of Nye County, Nevada, approximately 150 km east-northeast of Tonopah and 70 km east-southeast of the Company's Bolo Gold Project. The 100% owned Troy Canyon Project covers 493 hectares of land centered approximately on the historical Locke gold mine. High-grade gold mineralization occurs within mesothermal quartz veins, vein breccias and narrower sheeted vein and stockwork zones that are exposed at surface over 300 m strike length.

Gold mineralization was first identified at the project in 1867 and small-scale mining commenced in 1869. The most recent mining took place from 1948 to 1950 where 643 ounces of gold and 660 ounces of silver were reportedly produced from 1,859 tons of mineralized rock, at an average grade of 11.83 g/t gold (0.345 oz/t Au) and 12 g/t silver (0.355 oz/t Ag). The area of the old Locke mine in Troy Canyon hosts mesothermal gold and silver mineralization with potential for economically significant concentrations. Mesothermal systems typically are persistent to great depths. To date the system seen on the Troy Canyon Project has only been investigated over a vertical extent of approximately 180 meters.

In 2020, New Placer Dome conducted rock sampling at Troy to independently verify historical gold and silver values, which had previously reported underground stope rock grab samples assaying 576 g/t gold and greater than 100 g/t silver8. Highlights of the 2020 rock sampling included.