Cooper Metals Limited announced results of the recent induced polarisation (IP) survey at King Solomon 1 prospect at the Mt Isa East Copper Gold Project in northwestern Queensland. Induced Polarization Survey - King Solomon After the November RC drilling at King Solomon where the Company announced more significant Cu-Au intercepts at King Solomon 1 including results from drill hole 22MERC0551 of: 17m @ 1.7% Cu and 0.38g/t Au from 49m incl: 4m @ 6.2% Cu and 1.31g/t Au (western zone), and 9m @ 2.5% Cu and 0.25g/t Au from 94m incl: 5m @ 4.2% Cu and 0.39g/t Au (middle zone). Australian Geophysical Services completed an induced polarisation (IP) survey over the King Solomon 1 prospect to test for chargeability response beneath the current drill depth (~150m deep) to around 250 to 300m deep.

Results for the IP survey are very encouraging, highlighting an untested chargeability anomaly at depth, with the southern end of King Solomon 1 showing the strongest response. The IP survey consisted of seven dipole-dipole (DP-DP) lines oriented across strike (~600) of the mineralisation and one DP-DP line oriented along strike (~3300) of the mineralisation. The eight new DP-DP lines along with the IP gradient array data acquired last July2 were used by Cooper's consultant geophysicist to generate a 3D model of the IP response.

The IP model indicates three high chargeability responses consistent with the three plunging mineralised shoots delineated by the RC drilling. A review of drill results to date indicates that IP chargeability response at King Solomon 1 is strongest when coincident with either Cu-Au mineralisation, pyrite and/or magnetite alteration, providing a robust targeting method at depth. Importantly, the southern chargeability response extends at depth, plunging to the SSE, which may indicate strong potential for Cu-Au mineralisation in this area down to at least 250m below surface.

Next Steps King Solomon 1: Obtain remaining assay results for the November drilling and interpret; Plan follow up drilling at King Solomon 1.