Coppermoly Ltd. advised that it has received notification from the Mineral Resources Authority of Papua New Guinea that the Company's application for the renewal of exploration licence EL1043 Mt Nakru (EL1043) has been approved. The renewal is for a two year term from 8 December 2020 to 7 December 2022. EL1043 hosts the Company's Mt Nakru Cu-AU project. A proposed drilling program at the Mt Nakru prospect is currently on hold due to COVID-19 related restrictions on travel between Australia and PNG.