Universal Copper Ltd. reported drill results from the first three of five holes of the Spring 2022 diamond drilling program at the Company's flagship Poplar Copper Deposit, located southwest of Houston, British Columbia . All drill targets in the Poplar copper-gold exploration district are shallow and road accessible, within 88 km of rail infrastructure. The 2022 Poplar drill holes were designed to: a) follow-up on the 0.546% copper over 129 metres discovered in the bottom of 21-PC-135; b) expand the higher-grade portion of the known mineralization to the northwest and c) test the first of the Vector Geological Solutions targets identified from their early 2022 targeted core logging initiative announced on January 13th, 2022.

Hole 22-PC-137 successfully extended mineralization encountered in 21-PC-135 over 125 metres toward to the northeast and mineralization in these two holes remains open at depth. Recent geological modeling by Universal Copper's technical team demonstrates that portions of the Poplar Deposit are rotated significantly, and the company intends to extend historic drill holes such as PC-67 and PC-42 to intercept these newly recognized low angle mineralized geometries. Mineralization and alteration at Poplar is associated with intensely altered porphyry intrusions and consists of pyrite, chalcopyrite and molybdenite and trace bornite.

Pyrite and chalcopyrite form disseminations, fracture fillings, stringers, veins, and veinlets in domains of dense quartz vein stockwork and dikes. Molybdenite, where observed is associated with quartz-sulphide veins, and is typically associated with pyrite and chalcopyrite. Potassic alteration (biotite and K-feldspar) of varying intensity and silicification were noted throughout 22-PC-137, with sodic-calcic and sericite alteration increasing with depth.

There is a considerable volume of post mineralization dikes in hole 22-PC-137, which was also noted in the earlier 2021 drilling within the East Zone, with roughly 25% of the hole intersected late dykes of various widths and compositions. ole 22-PC-130 was drilled vertically to test the northeast section on the Main Zone. The hole caved at 111 metres and was abandoned.

Drill hole 22-PC-130B was collared one metre behind 22-PC-130 and reached planned depth. The top 180 metres of 22-PC-130B carried good copper mineralization mostly above 0.3% Cu. Copper grades drop below 0.3% below 180 metres, and multiple shorter (<10 metre) sections of 0.3% to 0.65% were noted to 380 metres.

A significant fault is observed at 401m. Mineralization in hole 22-PC-130 consists of disseminated pyrite and chalcopyrite, quartz veinlet pyrite, chalcopyrite and local molybdenite. Alteration consists of moderate to intense potassic, silicification and sericite throughout the hole.

The ongoing data compilation and targeting programs continue to leverage decades of work in the district. These programs are nearing their conclusion and progress report is anticipated early Q3. The entire length of core for 22-PC-130, 22-PC-130B, 22-PC-137 was sawn and sampled at continuous 3 metre or less intervals, with a few samples taken at shorter or longer intervals based on apparent lithological, alteration or mineralization contacts.

The program was supervised by independent geologist Ray Wladichuk, P.Geo. Half of the core was bagged, sealed and securely stored until shipment to the laboratory. The other half was retained in a secure storage location.

Certified reference standards, a certified reference blank, and sample duplicates were placed in the sample stream of each drill hole alternating at every 10th to 18th interval. The secured and sealed samples were packed into rice bags, sealed and securely stored until they were turned over to the local trucking company for transport to the ALS prep lab in Kamloops, B.C. with the prepared pulps subsequently sent to the ALS Mineral Laboratory ("ALS") in North Vancouver, B.C. The North Vancouver lab holds an ISO/IEC 17025:2005 accreditation. All core samples were analyzed utilizing ALS's MEICP-61 procedure, a four-acid digestion of a one-gram sample with an ICP finish.

All core samples were also analyzed utilizing ALS's Au-ICP21 procedure, a 30-gram gold fire assay with an ICP-AES finish. Over limits were re-analyzed utilizing ALS's OG-62 procedure, an ICP-AES 4 acid procedure. In addition to Universal's third-party standards, a routine quality assurance/quality control (QA/QC) procedure monitored the analytical quality at the lab.

Certified reference materials (CRMs), pulp duplicates and blanks were inserted into each lab batch of samples. The Universal and ALS Lab QA/QC data showed no irregularities.