Surge Copper Corp. announced complete assay results for 17 holes from the Company's 100% owned Ootsa Property in British Columbia. Included are results from 2 holes testing exploration targets and 15 holes from the Seel Breccia East zone where the Company is expanding high-grade copper-silver breccia style mineralization and has identified a large and open zone of zinc-lead-silver-gold breccia style mineralization.

Highlights: Large intervals of zinc-silver-gold-lead breccia mineralization have been encountered in multiple holes from the Seel Breccia East zone, highlighted by holes: S22-319 which intersected 138 metres grading 0.94% zinc and 8.1 g/t silver including 36 metres grading 1.49% zinc, 14 g/t silver, 0.14 g/t gold, and 0.11% copper. S22-326 which intersected 48 metres grading 0.74% zinc, 0.57% lead, 0.26 g/t gold, and 18.4 g/t silver. S22-327 which intersected 90 metres grading 0.68% zinc, 0.16 g/t gold and 3.8 g/t silver.

S22-335 which intersected 104 metres grading 0.73% zinc, 0.17 g/t gold, and 8.7 g/t silver including 50 metres grading 1% zinc, 0.26 g/t gold, and 8.4 g/t silver. This new zinc-lead-silver-gold brecciadiscovery has been traced for over 300 metres along strike and is over 200 metres thick, and remains open to the west-southwest. Significant gold and silver values are seen throughout the new zone with gold grades increasing at depth in certain areas.

High-grade copper-rich breccia was intersected in hole S22-321 which returned 14 metres grading 0.97% copper, 26.3 g/t silver, and 0.15 g/t gold. Results for 10 drill holes from the second phase of the 2022 regional exploration program on the Berg Property are pending. Assay results have been received and are presented here for 15 holes drilled into the Seel Breccia East zone (holes S22-319 to 327, 329, and 331 to 335) and for two holes (PN22-01 and H22-02) testing large ZTEM geophysical anomalies around the Ox and Seel deposits.

Surge has drilled 21 holes in 2022 to test for high-grade breccia-style mineralization within a 600-metre-long zone extending east from the Seel Breccia, a target now called the Seel Breccia East zone. Assay results for 4 of these holes were released on November 2, 2022, 2 holes were released on January 9, 2023, and results for the remaining 15 holes from the zone are presented here. The 15 Seel Breccia East holes presented here occur over an area 450 metres long by 200 metres wide, extending up to 600 metres east of the well-defined Seel Breccia Zone.

Results from this drilling include hole S22-319 which intersected a large zone of zinc-silver breccia style mineralization returning 138 metres grading 0.94% zinc, 8.1 g/t silver, 0.07 g/t gold from 98 metres downhole, including 36 metres grading 1.49% zinc, 14 g/t silver, 0.14 g/t gold and 0.11% copper. Hole S22-321 intersected a zone of high-grade copper-silver breccia mineralization underlain by a larger zone of zinc-lead-silver mineralization. The hole returned 14 metres grading 0.97% copper, 26.3 g/t silver, 0.3% zinc, and 0.15 g/t gold from 102 metres depth, underlain by 148 metres grading 0.46% zinc, 0.23% lead, and 9.4 g/t silver.

Hole S22-323 intersected 113.2 metres grading 0.82% zinc, 0.10% lead, 9.3 g/t silver, and 0.09 g/t gold from 92.8 metres depth including a higher-grade zone 30 metres wide grading 1.37% zinc, 0.16% copper, 0.15% lead, 19.9 g/t silver, and 0.17 g/t gold. Hole S22-335 intersected 104 metres grading 0.73% zinc, 0.10% copper, 8.7 g/t silver, and 0.17 g/t gold from 156 metres depth, including 50 metres grading 1.02% zinc, 8.4 g/t silver, and 0.26 g/t gold. The values of silver and gold within the breccia are significant, with gold occurring with or without associated zinc and lead, and some gold grades increasing at depth.

Hole S22-335, which intersected 19 metres to the end of the hole at 201 metres, graded 0.33 g/t gold, 7.4 g/t silver, 0.97% zinc and 0.13% lead, and hole S22-219 intersected 38 meters from 356 metres depth grading 0.35 g/t gold, 5.1 g/t silver, with very little zinc or lead. The 2022 drill program has successfully outlined this large zone of zinc-lead-silver-gold breccia mineralization for over 300 metres of strike, 200 metres of vertical depth, and around 200 metres of width, and the zone remains open to the west-southwest. This large zone sits partially within and on the edge of the 2022 resource constraining pit, however, the 2022 resource estimate did not contain any estimate for this type of mineralization, and thus this new zone has the potential to enhance the value of the project.