CopperCorp Resources Inc. announced that it has been granted new exploration license application EL8/2023 (Razorback) located in western Tasmania, Australia. The Razorback property and existing EL16/2018 (Walford Peak) and EL24/2020 (High Tor) properties have been consolidated into an expanded Skyline Project to form a district-scale Cu-Au-REE opportunity. Newly granted EL8/2023 ("Razorback") property comprises 171km2, located directly south along strike of the Mt Lyell copper-gold mine (approximately 3Mt contained copper and 3Moz gold).

In the opinion of the Qualified Person, sufficient verification of the data has been undertaken to provide sufficient confidence that past exploration programs were performed to adequate industry standards and the data reported is fit for substantiating the prospectivity of the project in general, supporting the geological model/s proposed, planning exploration programs, and identifying/generating targets for further investigation. The Company is currently undertaking sampling and analysis of available historical drill core in order to independently verify historical results. Mineralized Interval Calculations.

Reported significant mineralized intervals in this news release are calculated as down-hole length-weighted intercepts using a 0.1% Cu lower cut-off grade and generally carry a maximum internal dilution of 4m. No top-cut grade was applied. True widths of drill hole intercepts are yet to be determined; however, it is estimated that true widths are in the range of 70% to 95% of reported intervals.

Rare Earth Element Calculations.REO (Magnet Rare Earth Oxides) values were calculated by the formula: TREO = Nd2O3 + Pr6O11 +. Sm2O3 + Gd2O3 + Dy2O3 + Tb4O7 + Ho2O3. Standard element to oxide conversion factors have been used in the calculation of rare earth oxide values from elemental assay values.

Qualified Person. The Company's disclosure of technical or scientific information related to EL8/2023 (the Razorback property), EL16/2018 (the Walford Peak property), EL24/2020 (the High Tor property), and EL15/2022 (the Whisky Creek property), collectively the Skyline Project, in this news release has been reviewed and approved by Seanbrook, VP Exploration for the Company. Mr.brook is a Qualified Person (QP) as defined in National Instrument 43-101.

This news release also contains information about adjacent properties on which the Company does not have an interest. Information sources regarding the adjacent properties are listed in the References section of this news release.