Update On Superior Drill Program In California

TORONTO - US Copper Corporation reported on the Dixie fire and its impact on the activities at its Moonlight-Superior Copper Project in north-east California. The evacuation orders for the Dixie Fire are slowly being lifted, but access to our Moonlight-Superior property is still restricted. The Dixie fire has now burned over 950,000 acres across 6 counties and is the 2nd largest forest fire in California history. This fire burned across our entire property, but the drill rig, which remained on site, was not damaged. However, due to prior commitments, the drill contractor will be moving the rig to their next project. With only a couple of months remaining in the drill season it is unlikely that our current drill contractor will return this season. Alternatives are being considered. The core shed in Crescent Mills was untouched by the fire although power was interrupted. Power is expected to be restored this week permitting us to fully resume activity.

Seven holes (5,872 ft) had been completed at the Superior deposit up until the evacuation order of July 20, 2021. Five holes have been logged and split core sent to the lab for assay. Core from holes 6 & 7 still need to be logged, cut and sent to the lab in Reno. All assays to be completed and received by late October 2021. The initial plan was 10-12 holes at Superior to be able to reclassify the Superior resource (60 million tonnes @ 0.41% copper as per our Technical report on Superior dated Nov 7, 2014 available on Sedar) from inferred to indicated. The 7 holes completed will allow us to only partially achieve this objective, but we will be able to quantify the gold and silver credits in the deposit that were largely ignored in assays by prior owners.

CEO Stephen Dunn, said, "We at US Copper have closely watched the incredible destruction caused by the Dixie Fire and wish to say to all those affected that we are very sorry for the loss and pain that many of you have endured. Our thoughts are especially with those who have lost homes and livelihoods in Greenville and surrounding areas. Also, we would like to pay homage to the dedication and outright heroism of first responders and firefighters who have kept up the fight for weeks on end.