Granite Creek Copper Ltd. announced exploration plans for the Company's wholly owned Carmacks copper-gold project located in central Yukon, Canada, within the traditional territory of the Little Salmon/Carmacks First Nation. The 2024 field program is expected to include up to 1800 meters of diamond drilling focused on new targets within 1 kilometre of the proposed pits identified by the 2021 Preliminary Economic Assessment ("PEA"). The Gap, Sour Toe and Zone 1213 targets were refined by Induced Polarity ("IP") surveys, trenching and soil sampling.

The 177 sq km, Carmacks Project contains over 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent ("CuEq") metal within a National Instrument 43-101 compliant, high-grade resource of 36.2 million tonnes grading 1.07 % CuEq (0.81% Cu, 0.31 g/t Au, 3.41 Ag)1. The road accessible project is located along the Freegold Road, a Resource Gateway Road currently being upgraded by the Yukon government, and is within 20 km of the Yukon grid. The project is also situated within the Minto Copper Belt, a roughly 80 km long belt of rocks known for high grade occurrences of copper-gold-silver mineralisation. Gap Target.

The Gap target lies between the 2000 and 147 zones and may represent a fault offset of either or both zones. The target is characterised by an IP anomaly that is modeled using a Resistivity Scaled Chargeability ("RSC") technique where the ratio of resistivity to chargeability from IP readings over known mineralisation is adjusted until an RSC ratio that matches the known mineralisation is achieved. Once an RSC ratio is determined, the same ratio is applied to IP readings over new targets to identify areas with a similar signature.

In this case, a survey over the well-defined 147 Zone established the RSC ratio over mineralisation, with the Gap Target exhibiting a response that is almost twice as strong as that of the 147 Zone. Note. Images crop to highlight the similarities between known mineralisation at 147 Zone and Gap Zone Target.

The Sour Toe target is a new discovery located approximately 800 meters from the 147 zone. The target was discovered through an IP survey with potential confirmed through trenching and soil sampling. the target is seen across two IP lines giving the target a strike length greater than 200 meters.