Avrupa Minerals Submits Kangasjarvi Exploration Permit Application In Pyhasalmi Mining District, Finland |

License application covers 18.4 km prospective for copper-zinc volcanogenic massive sulfide deposits;

Includes former zinc-producing Kangasjärvi Mine, operated by Outokumpu Oy in the mid-1980's;

Covers possible extensions of VMS mineralization, both near-mine and along strike;

Abundant historic data acquired by Avrupa and partner Akkerman Finland Oy ("AFOy");

AFOy completed SkyTEM geophysical survey over the original reservation area in 2021;

AVU-AFOy completed a drone-based magnetic survey over priority target areas within the Exploration License Application area in 2022;

Presently reviewing and compiling historic drill hole database, while beginning the new drill targeting process.

Vancouver, BC – TheNewswire - August 26 , 2022 – Avrupa Minerals Ltd. ( TSXV: AVU ) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to announce that it has completed and submitted an application for a new Exploration Permit covering the historic Kangasjärvi zinc mine, potential extensions, and new targets along strike of the favorable mineral-hosting horizon. The application covers approximately 18.4 square kilometers of favorable terrane for copper- and zinc-bearing volcanogenic massive sulfide deposits. This is the Company's second Exploration Permit application in Finland, subsequent to its acquisition of 49% of AFOy ( See news releases of December 20, 2021 and March 9, 2022 ).

Paul W. Kuhn, President and CEO, commented, "The new application is the next step in creating a strong exploration program in the Pyhäsalmi Mining District, Central Finland. The application covers already-known massive sulfide mineralization with good potential for new discoveries. We have already completed several geophysical surveys, including SkyTEM and drone-supported magnetics, over the target area. And, we have now started to compile recently-acquired historic drill information to get a better idea of the position and tenor of mineralization in the mine area. With this information, we expect to be able to generate new, previously-untested targets in the Kangasjärvi area."

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Figures 1 and 2. Location of AFOy's mineral reservation rights in the Pyhäsalmi VMS District, Central Finland.

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Figure 3. Location of AFOy's current Exploration Permit applications (in blue) at Kolima and Kangasjärvi in the Pyhäsalmi VMS District, Central Finland.

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Figure 4. Kangasjärvi Exploration Permit application area.

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Figure 5. Historic drill hole locations and geology of the district. Note large number of holes (in orange) delineating the historic Kangasjärvi Deposit at the northwest end of the license application.

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Figure 6. SkyTEM conductor at 200 to 250 meters depth. The conductive anomalism extends at least 4-5 kilometers southeast from the old mine and one kilometer to the north. The Company is in the process of reviewing historic drillhole information to verify mineralization, host rock geology, and structure, to see how these fit with the geophysical data, including SkyTEM and magnetics. Utilization of this information will enhance drill targeting.

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Figure 7 . Drone-supported total magnetics map showing similar anomaly pattern to the SkyTEM conductor. We suspect that the magnetism is incorporated into a close-to-mineralization horizon marker bed.

Kangasjärvi is located only 25 kilometers south of Finland's largest base metal mine, the still-active Pyhäsalmi zinc-copper mine. In 1985, Outokumpu provided an in-house, non - NI43-101 compliant, resource estimate for Kangasjärvi that defined an indicated and inferred mineral resource inventory of 300,000 mt of 5.4% zinc. Mining took place during the winter of 1984-85, and company reports described a total extraction of 86,000 mt of 5.14% zinc and 41 g/t silver before closure of the small-scale operation.

Note: Historic resource calculations provided in Outokumpu Oy internal reports were not prepared to standards of NI 43-101 reporting. While there is no reason, one way or the other, to dispute these historic reports, Avrupa Minerals does not and will not rely on the accuracy of this information to make further exploration plans and/or decisions. The information is presented merely to indicate that massive sulfide mineralization is/was present, and was discovered in certain, identifiable rock units at Kangasjärvi. The massive sulfide body was mined for a brief period, and these same mineral host units may become new targets along the strike length of unit extensions within the exploration application area.

First-pass review of drillhole logs and data suggests that the mineralization at Kangasjärvi is hosted by a unit comprising of fine-grained tuffs and sediments, and includes thin limestone layers that may act as marker beds within the mineral-horizon package. The potential mineral-hosting unit is strongly altered, originally chlorite/sericite, and subsequently highly metamorphosed to include a cordierite-garnet-sillimanite assemblage of minerals. Widespread disseminated sulfides are present with increasing base metal sulfide content towards the known massive sulfide layer.

The mineral horizon, as outlined by historic drilling in the open pit area and immediate surroundings over a strike length of 300 meters, is also reflected by strong conductivity and magnetism. As noted in Figures 3 and 4, above, similar high conductivity and magnetism extend in strong and pronounced anomalism beyond previously-drilled mine area to the southeast over at least four kilometers and also for one kilometer to the north of the Kangasjärvi Mine.

The area is structurally complex, but the Company expects that selective re-logging and sampling of available core, along with compilation and re-interpretation of all acquired data, will generate new, potential mineral target areas beyond the mine. As work is completed in the coming months, Avrupa will provide further drill targeting information. The Company plans to be drill-ready when the Finnish government (Tukes) issues the exploration license, potentially in Q1/Q2 2023.

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model. The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire MATSA in an earn-in joint venture agreement. The Company now holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through the recently-announced acquisition of Akkerman Finland Oy. Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo. The Company continues to seek and develop other opportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

Paul W. Kuhn, President & Director

This news release was prepared by Company management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release. Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Avrupa Minerals (TSXV:AVU) is a junior exploration and development company based in Vancouver, British Columbia. The company follows a unique prospect generator model focused on aggressive modern exploration for world-class mineral deposits in politically-stable jurisdictions across Europe, including Portugal, Kosovo and more recently, Finland.

Avrupa’s hybrid prospect generator model is designed to create shareholder value by building an extensive portfolio of projects suitable for exploration to be funded by joint venture or sale to larger mining companies. The company leverages new techniques and technologies in order to improve exploration efforts and facilitate new discoveries. In some cases, companies following the prospect generator model have become royalty companies by allowing partners to dilute them to a valuable royalty, and Avrupa has significant exposure to this route to liquidity. Avrupa’s mission also calls for the company have one flagship, 100% owned project, that it advances with its own funds instead of partner funding. The Finland projects, some of which have historical base metal resources, are being assessed to see if one of them could be the one.

The company's projects are all located in areas with existing mines and strong geological potential for the discovery of further economic metal deposits. For example, the company’s flagship Alvalade JV project is located in the Iberian Pyrite Belt (IPB) of southern Portugal, a hotspot for mining with over 80 historic mines in the Belt. Presently there are seven active mining operation in the IPB of Portugal and Spain..

The Iberian Pyrite Belt (IPB) is one of the world’s largest and most prolific copper-zinc-iron massive sulfide belts with mining history dating back more than 2,000 years. Three out of four of the last greenfield discoveries in the IPB are now large operating mines including the giant Neves Corvo copper-zinc-tin massive sulfide mine. However, the area has not experienced any real exploration since the mid-1990s. In 2012, Avrupa Minerals' team began applying their expertise to the region resulting in a new discovery at Alvalade in 2014.

Avrupa Minerals’ Alvalade license is located along trend to the northwest of Neves Corvo, which is currently the largest operating copper-zinc mine in Europe.

The Alvalade project involves an earn-in agreement that Avrupa (the operator) does not have to fund at present. The project was previously optioned to Antofagasta Minerals, one of the world’s largest copper producers. Armed with a new geological model, Avrupa Minerals was able to successfully complete five rounds of drilling at Alvalade between April 2012 and October 2014.

The initial 2014 drill program made a significant VMS discovery in the Sesmarias West target on the Alvalade JV; the first of its kind on the Iberian Pyrite Belt in 20 years. New massive sulfide targets were also identified at Sesmarias East and at Pombal 15km south of the Sesmarias area.

The key highlights of the 2014 Drill Program results include:

Under a new partner, a drill program was initiated in Q4 2015. Four holes were drilled around the area of SES010 and results confirmed and extended the massive sulfide lens to a length of 300 meters with a 35- to 40-meter thickness.

In February 2019, Avrupa Mineralsreported additional drill results from its own drilling program at the Sesmarias prospect. The company completed six holes totaling 2,498 meters including results from SES026, which extended the “10” lens by 300 meters to the north.

In March 2019, Avrupa Mineralsreleased assay results for drill hole SES003, which was drilled on the Alvalade project back in 2014. The results from SES003 were not initially analyzed due to its general proximity to SES002, and were similar to those high-grade assays noted above.

In October 2019 Avrupa Minerals entered into aletter of intent with Minas de Aguas Teñidas, S.A.U. (MATSA) to form an earn-in exploration and exploitation joint venture on the Alvalade copper-zinc massive sulfide project. Under the terms of the agreement, the companies created a new joint venture company to direct future operations.

The first stage of the JV is designed to delineate a deposit at Sesmarias and the other mineralized targets within the boundaries of the Alvalade license including the past-producing Lousal Mine, Monte de Bela Vista, and the past-producing Caveira Mine. Avrupa also defined a number of additional close-to-drill-ready target area across the property.

In order to acquire a 51 percent interest in the new JV company, PorMining, Lda., MATSA must make aseries of payments, including 1.2 million euros of exploration expenditures during the first year of the agreement and a further 1.2 million euros at MATSA’s discretion during the following two years. MATSA, now called Sandfire-MATSA, also has the opportunity to earn-in to 85 percent of the project by providing a bankable feasibility study while also making all required payments to the original JV partner.

The PorMining geological team has made significant advances in developing a new and highly successful exploration model, based on systematic re-logging of all the Avrupa core, as well as re-logging all available historic core held by the Portuguese geological survey. The Company flew an extensive helicopter-supported VTEM geophysical survey over 75% of the Alvalade License, soil sampled the area between the Caveira Mine and the Lousal Mine and over the northern and central sectors at Sesmarias, and then analyzed the samples utilized an advanced ionic leach technology to support ultra-low detection levels. The JV team detail re-mapped the Monte da Bela Vista and Caveira areas and compiled and digitized all historic data from the two old mines, Lousal and Caveira. The updated model has pushed the drilling at Sesmarias, as the drilling has improved the discovery model for the deposit.

Since inception of the JV, the Company has drilled 17 core holes at Sesmarias and one south of the old Caveira Mine, totaling approximately 9,515 meters. The previously-reported lenses are now recognized to be intercepts of massive sulfide mineralization on separate limbs of a district-size fold system. Recent JV drilling at Sesmarias focused on the previously-named “8” Lens and has shown a strike length of over 400 meters of continuous sulfide mineralization. When drilling resumes later in 2022, we expect to start in the central and southern sectors (formerly the “2” and “10” Lenses, respectively), as well as test at least six other target zones north of Sesmarias all the way to the Caveira area.

Following is a table of all significant results, to date, at Sesmarias:

The following diagram shows the drill locations at Sesmarias North, along with plan view of massive sulfide lenses projected to the surface. SES21-046 is located in Section 250 S. Further drilling on Sections 250 S and 350 S, collared northeast of 044 and 046, is necessary to extend depth of mineralization in the Sesmarias syncline. Drilling southeast of Section 350 S is necessary to extend North sector mineralization into the Central sector.

Drill locations at Sesmarias North, along with plan view of massive sulfide lenses projected to the surface. SES21-046 is located in Section 250 S. Further drilling on Sections 250 S and 350 S, collared northeast of 044 and 046, is necessary to extend depth of mineralization in the Sesmarias syncline. Drilling southeast of Section 350 S is necessary to extend North sector mineralization into the Central sector.

The Slivovo project in Kosovo’s Vardar Mineral Trend is now wholly owned by Avrupa. Previously, the Project was operated and funded by partner Byrnecut International Ltd. of Australia. Byrnecut completed an 85 percent earn-in requirement by spending over close to 7 million euros for exploration on the 15.2 km2 Slivovo license, outlining a maiden gold resource estimate of 98,700 ounces of gold and 302,000 ounces of silver indicated in 640,000 metric tonnes grading 4.8 grams per ton gold, from the surface. See the following AVU news releases for further information about the NI 43-101 indicated resource (NI 43-101 Report) and results from follow-up drilling that were not included in the resource calculation (Further Slivovo Drilling Results).Byrnecut is a mining contractor and had completed a study to earn up to 85 percent of the project. However, Byrnecut decided to vacate the Project, and Avrupa made an agreement with Byrnecut to repay them from future production, if any, to get 100% of the Project back.

The Project has been dormant since 2018 when Byrnecut left. The original license expired in 2019, and Avrupa re-applied at the same time for a larger area covering Slivovo and the surrounding prospectable lands. The new license, renamed Slivova, was finally issued in June 2022. Avrupa is actively seeking a joint venture partner to move the project forward, with special emphasis in finding a mining solution for the deposit. Current prospective partners all have experience and success in small mine operations. The following figure shows the outline of the new license area.

In 2011, widescale geological mapping of the Peshter gossan zone on the Slivovo property led to the discovery of the potential for the gold-bearing, massive sulfide mineralization common in the Vardar Mineral Trend.

Under the JV signed in 2014, Avrupa Minerals stepped up the exploration activity at Slivovo with an aggressive exploration program that has included trenching, first-pass and follow-up geological mapping, sampling and drill targeting. Phase One drilling totaled 1,002 meters and was completed in Q4 2014 (see December 17, 2014 and January 27, 2015 news releases). Highlights of this first drill campaign include:

Phase Two drilling totaled 1,025 meters and was completed in Q2 2015 (see May 28, 2015 news release) and included 30 meters @ 6.92 g/t gold and 16.20 g/t silver in SLV011.

Phase Three drilling totaled 46 holes and 5,040 meters. Results released by Avrupa Minerals include:

“The final results from the Phase Three drilling clearly enhance the mineral inventory at the Peshter Gossan Zone on the Slivovo property. The Project has been a real success. We have completed our goals in a timely manner, within budget, and with an industry best-practices standard. We are excited to be able to produce an initial resource estimate at Slivovo within 19 months of start-up for just two million euros. In addition, looking ahead, we are also excited about the nearby targets with gold potential as we unlock the geological story and use this knowledge to direct further exploration to increase the size of the gold deposit,” said Paul W. Kuhn, president and CEO of Avrupa Minerals.

Byrnecut completed a large program in 2017 to follow up on a section of mineralization that hit a new extension of gold in three deeper holes that had similar grades to the average of the resource estimate at 4.8 g/t gold. This data is not currently in the resource estimate.

With issuance of the new 7-year Exploration License, the Slivovo Project enters a new phase, hopefully culminating in a mining decision. The government of Kosovo has requested that we call the Project “Slivova” in respect to the main local language.

In late 2021, Avrupa made an agreement with the sole owner of Akkerman Finland Oy AFOy) to acquire four projects in Finland that had the following highlights:

The 187 km2 Kolima Reservation covers a target zone comprised of a thick layer of mineralized distal-type volcanics containing thin beds and layers of zinc-rich massive sulfide mineralization in some areas. The Geological Survey of Finland (GTK) discovered and explored the area in the period from 1956 to 1983. The GTK found zinc mineralization in an area two kilometers long and 200 to 400 meters wide within strongly altered metasediments and fine-grained volcanic rocks. GTK drilled 70 holes and detected widespread, polymetallic sulfide mineralization occurring as fine disseminations and thin layers of semi-massive sulfides. Generally, it seems that the currently-known mineralization represents distal-style metals’ deposition within a larger VMS system that has not yet been discovered. Numerous mineralized boulders containing anomalous gold and copper are present around the site.

AFOy completed a helicopter-supported SkyTEM geophysical survey over the mineralized area of the reservation. Preliminary analysis of the data by AFOy did not suggest any obvious targeting. However, recently-completed detailed review of the data by AFOy and AVU outlined subtle anomalism over southern extension of the known volcanics-hosted mineral trend and also outlined a deeper (175 meters), strong geophysical target in a trend of the volcanic rocks parallel to those that host the known zinc mineralization. There is no reported previous exploration along this second trend, located a few kilometers west of the known zinc showings.

AFOy submitted a mineral exploration license application in January 2022 for the Kolima Exploration License. Given standard timing of fulfilment of all regulations by the Finnish mining authority, Tukes, we expect issuance of the new exploration license to come 12-14 months after submission of the application. In the meantime, there are a number of non-invasive activities to complete that will greatly assist in drill targeting, in anticipation of the receiving the license in early 2023. The following figure shows the area of license application covering two SkyTEM anomalies, but also keeping out of the most environmentally and socially sensitive areas.

Historic geophysical map with geology, drillhole locations, main SkyTEM conductors, location of the Kärnä Anticline (in blue), and overall permissive target area (yellow bands). Base map from GTK work from late-1950’s through mid-1980’s. The work completed, to date, including re-logging of representative core, widespread core sampling, and various levels of geophysics, strongly suggests that the known mineralization on the Kolima property is actually distal mineralization in a large VMS system. Drilling targets lie along the 5-kilometer strike length of the Kärnä Anticline, highlighted in blue, and aim to discover the whereabouts of the proximal and central portions of the VMS system, and presumably extensive zinc- and copper-bearing massive sulfides.

The 203 km2 reservation covers the Kangasjärvi deposit, a satellite deposit of the Pyhäsalmi mine, located about 25 kilometers to the north of the site. The massive sulfide was exposed at the surface, and Outokumpu mined 1-9% zinc material from the Kangasjärvi open pit in 1984-85 down to <100 meters from the surface. Exploration drilling by Outokumpu intersected massive sulfides down to 250 meters depth beneath the pit, but did not attempt deeper drilling, leaving the deposit open at depth, as well as along strike.

In 1983, GTK estimated a small historic, non-NI 43-101 compliant, resource in two separate lenses: 1) 393,000 tonnes of 5.3% zinc, and 2) 159,960 tonnes of 6.0% zinc. Later Outokumpu reported an estimated mineral resource of approximately 300,000 tonnes of 5.4% zinc. Records in 1987 indicate that Outokumpu mined about 86,000 tonnes of 5.12% zinc. There is also reported anomalous copper, silver, and gold in the deposits.

Note again that both resource estimates are historic in nature, pre-dating NI 43-101, and the Company is not treating them as current resources. A Qualified Person, as such term is defined in NI 43-101, has not completed sufficient work to confirm the estimates as current mineral resources under NI 43-101, and therefore they cannot be considered reliable and are presented here merely to show the potential of the projects. Further efforts to confirm the presence of potential mineral resources are planned for the initial exploration period and will commence once the Definitive Agreement is completed.

In addition to the Kangasjärvi deposit, there are at least three other mineral occurrences within the reservation area. Little work of any sort has been completed anywhere on the reservation for at least 20 years, even though there are historic drill holes throughout the district.

Figure 5. Location of known mineral targets and deposits within the Kangasjärvi reservation area.

AFOy also completed helicopter-supported SkyTEM geophysical work over known significant areas within the Pielavesi and Kangasjärvi reservations. AFOy and AVU continue to review the results from these surveys. Further information will be disseminated as we obtain a better understanding of the initial targeting data.

AFOy purchased an extensive drillhole database covering the Kangasjärvi and satellite deposits, and is now in the process of properly compiling and reviewing the data. The company recently completed a drone-based magnetics survey in the deposit area, but results have not yet been fully-reviewed. Work is ongoing, and we expect to complete the mineral exploration license application before the middle of July 2022.

The 332 km2 Yli-li gold reservation covers 30 kilometers strike length of the southern extension of the Oijärvi greenstone belt and major shear zone. Currently Gold Line Resources Ltd. operates the Oijärvi gold project where they plan to drill over 4,000 meters in a step-out drilling program to expand the known zones of gold mineralization and delineate new targets in the vicinity of the mineralization. In 2013, Agnico Eagle reported an inferred mineral resource estimate at Kylmäkangas of 1.9 MT at 4 g/t Au and 31 g/t Ag, containing approximately 250,000 ounces of gold and 1.9 million ounces of silver.

Note again that this resource estimate is historic in nature and was reported by a third party. The Company is not treating the estimate as a current resource. A Qualified Person, as such term is defined in NI 43-101 and related to Avrupa Minerals Ltd., has not completed sufficient work to confirm the estimates as current mineral resources under NI 43-101, and therefore they cannot be considered reliable from the Company standpoint. The Company cannot confirm the estimates under any circumstances and merely uses the information to suggest potential exploration possibilities on the Yli-li property.

Figure 6. Location of Yli-li reservation. Note proximity to Kylmäkangas gold deposit.

GTK first explored the southern extension of the Oijärvi shear zone, covered by the reservation, from 2001 to 2014. Initial studies turned up gold-in-till anomalies over intensely sheared and altered rocks. Limited drilling resulted in one intercept of 3 g/t gold over two meters at the Kupsusselkä prospect. Given these promising early-stage results, there is clearly need for wider-scale systematic exploration program to determine the best targets within the area.

Historic exploration within the Pielavesi Reservation area by the Geological Survey of Finland (GTK) and Outokumpu shows that the Paloniemi-Säviä-Leväniemi Belt offers promising exploration potential. The Pielavesi reservation covers approximately 213 km2 and has widespread hydrothermal alteration of felsic volcanics which can be traced over 10 kilometers. Previous operators identified the presence of at least four individual centers of mineralization, including one with clear evidence of a stockwork feeder zone accompanied by massive sulfide deposition containing copper, zinc, and gold. Despite many years of previous exploration and a large number of holes drilled, known centers of mineralization have not been drilled off and remain open at depth and along strike in both directions. No systematic exploration of the area has been completed in over 30 years.

Figure 3. Geology and known mineralization in Pielavesi Reservation

Previous operators completed two historic, non-NI 43-101 compliant, resource estimates at the Säviä prospect within the limits of the Pielavesi Property. The initial review, reported in 1968, and based on 62 drill holes at 50-meter spacings, estimated a copper-rich deposit of 4 million tonnes grading 1.1% copper and a zinc-rich deposit of 1 million tonnes grading 2% zinc. And, in fact, a number of nearby mineralized holes were not included in the resource estimate, one of which assayed 0.98% copper over 70.5 meters.

In 1986, Outokumpu estimated a resource at Säviä of 1.8 tonnes grading 1.52% copper.

Note that both resource estimates are historic in nature, pre-dating NI 43-101, and the Company is not treating them as current resources. A Qualified Person, as such term is defined in NI 43-101, has not completed sufficient work to confirm the estimates as current mineral resources under NI 43-101, and therefore they cannot be considered reliable and are presented here merely to show the potential of the projects. Further efforts to confirm the presence of potential mineral resources are planned for the initial exploration period and will commence once the Definitive Agreement is completed.

Mr. Kuhn joined Avrupa Minerals in July 2010 after working with Metallica Mining in Oslo, Norway since August 2008. He has more than 40 years of experience in the minerals exploration business in North America, Central Asia and Europe. He earned an A.B. Degree from Dartmouth College, US, in 1978, and an M.S. Degree from the University of Montana, US, in 1983. Mr. Kuhn has worked in a variety of geological terrains, exploring for gold, silver, base metals, uranium, and phosphate deposits, and has spent time as a production geologist in the deep underground mines of the Coeur d`Alene Mining District, historically one of the world’s most important silver districts. Mr. Kuhn has managed successful exploration programs in the US, Turkey, and Western Europe. He was involved in a number of base and precious metal discoveries in Turkey, including the Taç and Çorak polymetallic deposits, the Cerattepe Cu-Au volcanogenic massive sulfide deposit, the Altıntepe epithermal Au deposit (being mined by Bahar Madencilik), the Diyadın/Mollakarra Carlin-style Au deposit (operated by Koza Altın), and the Karakartal porphyry Cu-Au deposit (being developed by SSR Mining). Mr. Kuhn was also involved with the original mapping, description, and drill targeting of the Çöpler porphyry Au deposit (presently being mined by SSR Mining).

Mr. Brown is the President of Pacific Opportunity Capital Ltd., headquartered in Vancouver B.C. Pacific Opportunity is a financial consulting and merchant banking firm active in venture capital markets in North America. Mr. Brown has assisted in the successful establishment of several private and public companies. In the mining and mineral exploration sector, Mr. Brown has played key roles in the success of Rare Element Resources Ltd.,, Pitchstone Exploration Ltd., Animas Resources Ltd., and other exploration companies. His corporate activities include merger and acquisition transactions, financing, strategic corporate planning, and corporate development. Prior to joining Pacific Opportunity, Mr. Brown managed the financial departments of two TSE 300 companies, Miramar Mining Corp. and Eldorado Gold Ltd. Mr. Brown has a Bachelor of Commerce from the University of British Columbia and qualified as a Chartered Professional Accountant in 1993, while working with PricewaterhouseCoopers in Vancouver.

Mr. Dircksen has more than 35 years of experience in the mining and exploration industry, serving in executive, managerial, and technical roles at several companies. He has a strong technical background, serving as a team member on ten gold discoveries, seven of which later became operating mines. Mr. Dircksen has held senior management positions with a number of resource groups including Orvana Minerals, Lacana Gold, The Cordex Group, Brett Resources, and the Bravo Venture Group. He holds an M.S. in Geology from the Mackay School of Mines at the University of Nevada.

Mr. Dircksen is currently the President and CEO of Timberline Resources Corporation which is listed on the NYSE Market Exchange under the symbol “TLR” and on the TSX Venture Exchange under the symbol “TBR”. Timberline holds a 50-percent carried interest ownership stake in the Butte Highlands Joint Venture in Montana, USA. Timberline Resources focuses on exploration and development of precious metal deposits in the western United States.

Mr. Högel currently serves as the CEO of Peter Beck Performance Funds GbR and sits on the advisory board of Concept Capital Management. Concept Capital is an asset management company focused on evaluating and investing in Canadian resource companies through equity investments, convertible bonds and gold, silver and copper off-take agreements. Mr. Högel has a MBA with a focus on financial management, banking, and international business and management from the University of Nürtingen, Germany. He also sits on the board of several other public companies listed on the TSX Venture Exchange.

Dr. Nelles graduated from TU Berlin in 1972 with a degree in mining engineering and obtained a PhD in mineral processing in 1975. He worked internationally in base metal mining for Metallgesellschaft between 1975 and 1991, at which stage he held the position of General Manager Project Development. In 1991 he was employed as technical director and appointed to the executive board of DESTAG, a leading dimension stone producer and worldwide trader. He was subsequently appointed CEO of the company. Dr. Nelles joined Normandy LaSource in France, as executive director for gold production and industrial minerals in 1997. In 2002 he was appointed as the “Trepca Manager” by the United Nations Mission in Kosovo and was promoted to Deputy Managing Director of the Kosovo Trust Agency in 2004, in charge of all major publicly owned enterprises. Since 2006 he has worked as an independent mining industry advisor and has been instrumental in the formation of Innomatik Exploration Kosovo LLC, a wholly-owned subsidiary of Avrupa Minerals.

Ms. Wong received a Bachelor of Commerce Degree (Honours) from Queen’s University in 1996 and is a Chartered Professional Accountant. She is currently Vice President of Pacific Opportunity Capital Ltd. Prior to joining Pacific Opportunity Capital Ltd., Ms. Wong was the controller of Pivotal Corporation, a company providing software, services, and support to a variety of businesses. Between 1996 and 1999, Ms. Wong worked with Deloitte & Touche, Chartered Accountants.

Sampling and re-logging of four historic drill holes completed;

Geochemical results confirm the presence of distal, disseminated VMS-style zinc mineralization, though the source is still unknown;

Multi-element, pathfinder geochemistry supports the possibility for proximal, massive VMS-style mineralization within a radius of 5km;

Combination of geology, SkyTEM geophysics, and new geochemical results suggest several well-defined target areas for first pass drilling when exploration license is issued.

Vancouver, BC – TheNewswire - June 21, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to provide a follow-up progress report covering work related to the Kolima exploration application area in the Pyhäsalmi Mining District, central Finland. Avrupa previously reported on initial work and exploration permit application at Kolima in an earlier news release dated April 12, 2022 ( Avrupa Minerals Reports First Progress at Kolima Project ).

The Company contracted with the Finland Geological Survey (GTK) to re-log and sample four representative, historic drill holes from the Kolima exploration projects carried out from the mid-1950's to the early-1980's by GTK. Re-logging of the four drillholes, totaling 743.55 meters and situated along a 2-kilometer strike length, indicates that predominantly disseminated zinc mineralization is present, for the most part, through long intervals of mixed volcanic and sedimentary rocks that form the core of the district-scale Kärnä Anticline. Holes that were started further to the west in the west limb of the anticline tended to have thicker zones of zinc mineralization, while the southeasternmost hole, collared at the edge of the east limb of the anticline, contained the least amount of target volcano-sedimentary rocks, and thus little zinc mineralization.

Paul W. Kuhn, President and CEO of Avrupa, commented, "Getting a handle on the geology of the Kolima target area, combining that with already-known geophysical targets, and now adding supportive zinc and multi-element geochemistry gives us a clear view as to where to drill when we receive the exploration license. This is a well-thought-out targeting process which utilizes strong corporate knowledge of volcanogenic massive sulfide systems. We are looking forward to completing the application process and getting down to the business of drilling."

In addition to intervals of disseminated sulfides, detailed logging also revealed the presence of several thin beds of semi-massive to massive sphalerite, zinc sulfide, up to one meter thick, in two of the holes, again suggesting that the representative drilling cut distal deposition portions of a VMS system. Typical VMS pathfinder elements, including iron, manganese, antimony, arsenic, molybdenum, and locally tin, show anomalous results. VMS metals themselves, copper, lead, and silver, are also present locally anomalous levels in the sampled core. Following are the zinc results of interest in the holes, from north to south:

HOLE R339 – Drilled from west limb of Kärnä Anticline; total depth of 84.5 meters; 62 samples

Two thin beds of semi-massive sulfide mineralization within a 20-meter interval of mafic tuffs that contain continuously anomalous Zn up to 0.38%@ over one meter

Two thin beds of semi-massive sulfide mineralization within an interval of mineralized mafic tuffs containing 5.95 meters @ 1.3% Zn

HOLE R46 – Drilled from west limb of Kärnä Anticline; total depth of 297.6 meters; 109 samples

Strongly anomalous zones of disseminated to weakly bedded sulfide mineralization in mixed tuffs, sediments, and mafic porphyry rocks within a total intercept of disseminated zinc mineralization beginning at a depth of 175 meters and continuing to 281.9 meters. Values range from 100's of ppm zinc to more than 1% over 1 to 4 meters thickness.

HOLE R26 – Drilled from crest of Kärnä Anticline; total depth of 151.45 meters; 70 samples

Visible disseminated sulfides throughout both zones of mixed tuffs and sediments at the bottom of the interval

Hole R25 – Drilled from east limb of Kärnä Anticline; total depth of 210 meters; 20 samples

Table 1. Results of sampling of disseminated zinc mineralization at Kolima along the Kärnä Anticline. It is encouraging to observe the widespread, disseminated to thin-layered zinc mineralization in mixed volcanics and sedimentary rocks suggesting a distal VMS facies depositional environment. Indicator element anomalism, including iron, manganese, antimony, arsenic, molybdenum, and locally tin, also suggest distal facies VMS mineralization. Locally anomalous values of silver (up to 41.2 g/t over one meter), copper (up to 895 ppm over one meter), and lead (up to 0.39% over four meters) further support the possibility of nearby VMS mineralization.

Click Image To View Full Size

Figure 1. Outline of Kolima exploration license application (in blue) overlain on VTEM results displaying two important close-to-surface conductors.

Figure 2. Historic geophysical map with geology, drillhole locations, main SkyTEM conductors, location of the Kärnä Anticline (in blue), and overall permissive target area (yellow bands). Base map from GTK work from late-1950's through mid-1980's.

Results of the work to date are positive, and detailed review of all information vectors to the possible presence of a base metal-rich massive sulfide system at Kolima.

Best potential lies along the west limb of the Kärnä anticline, particularly to the south of historic drilling in the area of SkyTEM Anomaly #1 (located within red oval in Figure 2).

Further potential lies in the northern sector around and southeast of SkyTEM Anomaly #3 from drill collars to be located to the west of historic drilling and aimed beneath the old holes (located within yellow oval in Figure 2).

Combination of all results suggests the possibility of a strong VMS system within a general target zone of five kilometers along the Kärnä Anticline.

At this point, regional geophysics may indicate further potential of favorable stratigraphy located to the northeast of SkyTEM Anomaly #1 between the east limb of the Kärnä Anticline and village of Kolima. There is no known historic drilling in this area (represented by yellow banded area).

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

Paul W. Kuhn, President & Director

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Covers Slivova gold prospect and potential extensions, totaling 31.2 km

New exploration potential covered in larger license area.

Initial, surface-mineable NI 43-101 indicated mineral resource calculated in 2016.

640,000 mt @ 4.8 g/t gold and 14.68 g/t silver (1)

98,700 ounces gold and 302,000 ounces of silver (1)

Subsequent follow-up drilling in 2016 successful (2,3)

Vancouver, BC – TheNewswire - May 26, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is excited to announce that it has received a new, 7-year exploration permit covering the Slivova gold prospect and potential extensions, located in The Republic of Kosovo. The Company discovered the gold prospect in late 2012, and did extensive work on the property through a joint venture partnership that continued from 2014 until 2018. From that time, the Company placed the Project on hold while renewing and upgrading the land tenure situation, and continues to actively search for potential JV partners experienced in small-mine operations.

Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, "We are truly excited to reclaim the Slivova gold prospect after several years of working out the exploration licensing situation in the Project area. The new exploration license allows us up to seven years to potentially advance the prospect to a mining solution, and is more than double the size of the original Slivova license. In addition to upgrading the main zone and close-in satellite deposits, we will now have the opportunity to follow on new targets and previously-speculated extensions to further increase the size of the mineral resource at Slivova. The Company is actively discussing with potential mining partners to quickly advance the Project through joint venture operations."

Please refer to the following historic news releases for more detailed information covering the Slivovo Gold Project:

(2) Subsequent Drilling Results -- August 2016

(3) Further Drilling Results -- September 2016

Click Image To View Full Size

Figure 1. Outline of the new Slivova exploration license (in black). The Company plans work in all areas of interest in order to upgrade the present mineral resource estimate.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

Paul W. Kuhn, President & Director

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The Power Play by The Market Herald has announced the release of new interviews with Avrupa Minerals, Silver Bullet Mines, Saturn Oil & Gas, and Sprout AI on their latest news

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

Avrupa Minerals (TSXV:AVU) reports on first operations at the Kolima Project

Avrupa Minerals reports on first operations at its recently-acquired Kolima Project in the Pyhäsalmi VMS Belt in central Finland. The company announced an agreement with privately-held Akkerman Exploration B.V. to acquire subsidiary Akkerman Finland Oy. The company has completed the first portion of the acquisition of Akkerman Exploration B.V. subsidiary Akkerman Finland Oy. Avrupa Minerals CEO and Director Paul Kuhn sat down with Shoran Devi to discuss the news.

For the full interview with Paul Kuhn and to learn more about Avrupa Minerals' news, click here.

Silver Bullet Mines (TSXV:SBMI) announces OTCQB listing

Common shares of Silver Bullet Mines Corp. (SBMI) will commence trading on the OTCQB under the symbol SBMCF. The company's common shares will continue to trade on the TSX Venture Exchange under the symbol SBMI. The OTCQB is a premier and established marketplace for entrepreneurial and development stage U.S. and international companies. VP Capital Markets and Director, Peter Clausi sat down with Shoran Devi to discuss the news.

For the full interview with Peter Clausi and to learn more about Silver Bullet Mines' news, click here.

Saturn Oil & Gas (TSXV:SOIL) announces results of an evaluation of the company's crude oil and natural gas assets

Saturn Oil & Gas (SOIL) has announced the results of the independent reserves evaluation of the company's crude oil and natural gas assets. The Reserve Report evaluated the Oxbow Asset and the Viking Asset. Highlights include a 668 per cent year over year increase in Total Proved + Probable (TP+P) reserves. CEO John Jeffrey sat down with Shoran Devi to highlight the results.

For the full interview with John Jeffrey and to learn more about Saturn Oil & Gas' news, click here.

Sprout AI (CSE:BYFM) appoints Toni Rinow to the Board of Directors

Sprout AI (BYFM) has appointed Toni Rinow to the Board of Directors. Dr. Rinow holds a Master of Business Administration (MBA) and a Graduate Degree in Accounting and Finance from McGill University. Dr. Rinow has over 20 years of international finance and business leadership experience. Chris Bolton, CEO of Sprout AI sat down with Shoran Devi to discuss Dr. Rinow's appointment.

For the full interview Chris Bolton and to learn more about Sprout AI's news, click here.

Interviews for The Power Play by The Market Herald are released daily. To learn more about the companies featured in The Power Play or to explore our other interviews visit The Power Play by The Market Herald.

The Market Herald Canada is the leading source of authoritative breaking stock market news for self-directed investors. Our team of Canadian markets reporters, editors and technologists covers the entire listed company universe in Canada. We cover over 3,985 businesses, their people, their investors, and their customers. We write the stories that move the Canadian capital markets.

DISCLAIMER: Report Card Canada Media Ltd. ("Report Card") is a wholly-owned subsidiary of Market Herald Limited, an Australian company ("Market Herald"). Report Card is not an advisory service, and does not offer, buy, sell, or provide any other rating, analysis or opinion on the securities we discuss. We are retained and compensated by the companies that we provide information on to assist them with making information available to the public. All information available on themarketherald.ca and/or this press release should be considered as commercial advertisement and not an endorsement, offer or recommendation to buy or sell securities. Report Card is not registered with any financial or securities regulatory authority in any province or territory of Canada, will not be performing any registerable activity as defined by the applicable regulatory bodies and do not provide nor claim to provide investment advice or recommendations to any visitor of this site or readers of any content on or originating from themarketherald.ca. Market Herald and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Market Herald's affiliates. In such instances, Market Herald and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Market Herald and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize any conflict. All the information on this document and/or the website - themarketherald.ca - is published in good faith and for general information purpose only. Report Card does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this document and/or website (themarketherald.ca) is strictly at your own risk. Report Card will not be liable for any losses and/or damages in connection with the use of our website. From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone 'bad'. Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their "Terms of Service" before engaging in any business or uploading any information.

The Market Herald Brianna Anthony brianna.anthony@themarketherald.ca themarketherald.ca

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Application for Exploration License submitted on January 24, 2022

VTEM data reviewed and utilized in application process

Historic drillhole data acquired from Geological Survey of Finland (GTK)

Four drillholes selected for detailed re-logging and sampling

Completion of first phase work expected by mid-April with sample results in the second half of May

Vancouver, BC – TheNewswire - April 12, 2022 – Avrupa Minerals Ltd. (TSXV:AVU) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to report on first operations at its recently-acquired Kolima Project in the Pyhäsalmi VMS Belt in central Finland. The Company announced an agreement with privately-held Akkerman Exploration B.V. to acquire subsidiary Akkerman Finland Oy ( see news release of December 20, 2021 ) and has now completed the first portion of the acquisition ( see news release of March 9, 2022 ). Akkerman Finland Oy (AFOy) holds three Mineral Reservations including two for copper-zinc massive sulfide deposits and one for potential of gold mineralization, and one Exploration Permit application for copper- and zinc-bearing massive sulfide mineralization at Kolima.

Click Image To View Full Size

Figures 1 and 2. Location of AFOy's mineral rights in the Pyhäsalmi VMS District, Central Finland.

The Geological Survey of Finland (GTK) originally discovered widespread, low grade zinc mineralization in the Kolima-Kärna area in the mid-1950's, and followed with extensive exploration in the district until the early 1980's. GTK drilled 70 holes in this area, identifying further widespread disseminated and occasional thin bedded (up to 1-2 meters), semi-massive sulfide zinc-lead-silver mineralization. The occurrences, spread over an area of 200-400 meters by 2000 meters in strike, are interpreted to be distal-type volcanogenic massive sulfide mineralization. However, GTK workers did not observe proximal-style sulfide massive mineralization during the historic work. No further exploration followed until AFOy returned to the area in 2019 to check regional geology, review selected historic drill core, and sample the core with a handheld XRF machine. AFOy observed, at the time, that mineralization was more widespread and more intense than expected after review of the old reports. Relogging of the drill core showed that significant mineralized intervals had not been sampled. Subsequently, AFOy requested a mineral reservation from the Finnish government (Tukes) of 187 km 2 in early 2020.

Click Image To View Full Size

Figures 3 and 4. Outline of original Kolima Reservation, located in Viitasaari Municipality, 375 km north of Helsinki, with GTK drill hole locations at Kolima-Kärna from 1957 to 1983.

Based on compilation and interpretation of historic drilling results, geologic mapping, and airborne magnetometry, AFOy commissioned a SkyTEM survey of 94 line-kilometers over Kolima-Kärna target areas in 2021. The work produced three significant target conductors, two at shallow depth (20 to 100 meters), and a third at intermediate depth (125 to 250 meters). Targets 1 and 3, located along strike of the apparent mineralized host rock, appear to be the most interesting, based on correlation with previous work and re-interpretation of the historic data. While also interesting, Target 2 is located, for the most part, under Lake Kolima, and deemed partially inaccessible for social and environmental reasons at this time.

In January 2022, AFOy submitted an Exploration Permit application covering these two most promising areas for potential mineralization, excluding sensitive land areas and possible target locations covered by bodies of water. Completion of the application process will take upwards of a year to clear all rules and regulations related to Finnish mining law. However, in the meantime, basic, but significant exploration and drill targeting work will be completed within the license application area.

Click Image To View Full Size

Figures 5 and 6. Maps showing significant close-to-the-surface conductors south of Kärna (Target 1) and in Lake Kolima (Target 2) and a deeper target right at the Kärna drilling area (Target 3).

Click Image To View Full Size

Figure 7. Area of Kolima Exploration License application, totaling 8.4 km 2 .

Based on known mineralization in historic drill holes, the Company has selected a suite of drill holes to detail re-log and sample. Most important goals include: 1) attempt to determine a mineral/geochemical vector towards proximal-style massive sulfide mineralization; 2) establish a more detailed recognition of strength and breadth of the known distal-style massive sulfide mineralization; and 3) determine potential to extend the Kärna mineralization to the southeast, 3.5 kilometers along strike towards the Target 1 geophysical conductor.

The initial work program is contracted to the GTK in Rovaniemi, north-central Finland, and is presently underway, under direction of personnel familiar with the Kärna mineralization and previous exploration history in the district. We expect to collect 200 to 300 core samples over 800 meters of selected core from four different drill holes drilled from northwest to southeast along a 2000-meter strike length. The work will be completed by mid-April and multi-element sample results are expected in the second half of May. Details of further work will be planned and implemented as geological and geochemical results warrant, with the goal of selecting initial drill target locations in the Kärna mineral trend. Further work, possibly ionic leach soil sampling and/or ground geophysical methods over the Target 1 area, will also be considered for the upcoming field season.

In addition to work on the Kolima License application area, the Company plans to start field work on the Kangasjärvi Reservation area within the next 3-4 weeks in order to expedite the exploration license application process. AFOy recently acquired historic drill hole data for areas around the historic Kangasjärvi Mine, and completed 92 line-kilometers of SkyTEM geophysical survey during 2021. Further information on progress in the Kangasjärvi program will be forthcoming.

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model. The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, now optioned to Sandfire MATSA in an earn-in joint venture agreement. Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo. The Company continues to seek and develop other opportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

Paul W. Kuhn, President & Director

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The Power Play by The Market Herald has announced the release of new interviews with Avrupa, RevoluGROUP, and Vox on their latest news

Avrupa (TSXV:AVU) extends copper-zinc continuity at the Alvalade Project

Avrupa's (AVU) recent drilling at the Alvalade Project has extended mineral continuity. Robust copper-zinc mineralization at the project's Sesmarias Prospect now extends for over 400 m of strike length, open to the north and south and at depth. President and CEO Paul Kuhn spoke with Shoran Devi about the results.

For the full interview with Paul Kuhn and to learn more about Avrupa's news, click here.

RevoluGROUP Canada's (TSXV:REVO) RevoluPAY App surpasses 30,000 users

RevoluGROUP Canada has announced that its RevoluPAY App has more than 30,000 registered users. The company also announced a 3654 per cent increase in transactions. CEO Steve Marshall sat down with Shoran Devi to discuss the news.

For the full interview with Steve Marshall and to learn more about RevoluGROUP's news, click here.

Vox (TSXV:VOX) provides development & exploration updates

Vox Royalty (VOX) has provided development and exploration updates from its royalty operating partners. Partners include ValOre Metals Corp., Genesis Minerals Limited, Norwest Minerals Limited, Zijin Mining Group Co., Ltd., and Kalamazoo Resources Limited. CEO Kyle Floyd sat down with Shoran Devi to highlight the updates.

For the full interview with Kyle Floyd and to learn more about Vox's updates, click here.

The Market Herald Brianna Anthony brianna.anthony@themarketherald.ca themarketherald.ca

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Heritage Mining Ltd. (CSE: HML) ("Heritage" or the "Corporation") is pleased to announce that its common shares ("Common Shares") commenced trading on the Canadian Securities Exchange (the "Exchange") at the open of trading on August 26, 2022 under the symbol "HML".

The Corporation is further pleased to announce that it has entered a definitive asset purchase agreement with Bounty Gold Corp. ("Bounty") dated August 25, 2022 (the "Agreement") whereby it will acquire fifty (50) mining claims in the Split Lake zone (the "Split Lake Property") adjacent to Heritage's flagship Drayton-Black Lake Project. Pursuant to the terms of the Agreement, Heritage will acquire a 100% interest in the Split Lake Property in exchange for issuing Bounty 100,000 Common Shares, paying Bounty $5,000 in cash and granting Bounty a 1% net smelter return royalty (the "NSR") on the Split Lake Property at closing, one-half (0.5%) of such NSR may be purchased for $500,000 by Heritage. Closing of the transactions contemplated by the Agreement is subject to customary closing conditions, including the approval of the Exchange.

For further information please see the Heritage's profile on SEDAR at www.sedar.com.

The Corporation is a Canadian mineral exploration company advancing multiple high grade gold projects in Northern Ontario. The Corporation is well capitalized with a tight capital structure. Our district-scale Drayton-Black Lake flagship project totals ~14,221Ha, in northwestern Ontario, Canada. The Drayton-Black Lake project is on trend with several significant mineral deposits and hosts multiple high-grade gold and copper occurrences. We have well-defined, near-term drill targets over four zones, close proximity to infrastructure, combined with over 100 years of exploration data (176 historic DDH totalling ~20km) never compiled until 2022.

For further information, please contact:

Heritage Mining Ltd. Peter Schloo - Chief Executive Officer, President and Director Phone: (905) 505-0918 Email: peter@heritagemining.ca

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of Heritage Mining Ltd. ("Heritage" or the "Corporation"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions) are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein including, without limitation: Heritage will acquire a 100% interest in the Split Lake Property in exchange for issuing Bounty 100,000 Common Shares, paying Bounty $5,000 in cash and granting Bounty a 1% NSR on the Split Lake Property at closing, one-half (0.5%) of such NSR may be purchased for $500,000 by Heritage; and closing of the transactions contemplated by the Agreement is subject to customary closing conditions, including the approval of the Exchange. are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Corporation will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Corporation's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Corporation's projects; risks related to global pandemics and other risks related to the mining industry. The Corporation believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Corporation does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Corporation in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Corporation and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Corporation and prospective investors.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134932

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Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin" or the "Company") is very pleased to announce that it has completed an initial program of follow up auger geochemical drilling at the Baavhai Uul Copper Project in southern Mongolia in which it holds an 80% interest. This work has highlighted a significant copper nickel discovery at the "Victory Copper Nickel Discovery" under very shallow alluvial cover.

The Company has successfully completed an initial program of six meter deep auger geochemical drill holes with samples collected on a one meter basis down hole across a large portion of the Victory Discovery. The copper nickel geochemical anomaly remains open and further auger drilling will soon commence to assist in outlining extensions. The Victory Discovery is one of approximately 25 copper nickel discoveries on the BU Copper Project associated with ultramafic and mafic intrusives and is only the first to be followed up by 50 x 50 meter auger geochemical drill hole spacing. The Victory Discovery is interpreted to be hosted in the upper highly weathered zone of a differentiated gabbroic sill. The gabbro is currently interpreted to be approximately 2.5km x 1.5km in size and copper nickel anomalism is extensive across the entire gabbro where auger drilling has been completed. This type of mineralization and host lithology is typical in northern China and is host to many larger copper nickel deposits including the giant Jinchuan Deposit.

"The Company is extremely pleased with these early results at the Victory Discovery with highly anomalous copper nickel geochemistry across a huge area. The scale seen at Victory and the over 25 other copper nickel anomalies on the Project is extremely exciting and we will be pushing our exploration efforts harder to better understand this significant find." said Ali Haji, CEO & Director of Aranjin Resources Ltd.

Figure 1: Copper Nickel geochemical results at the Victory Discovery.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/4933/134830_b57d426c349ae91f_002full.jpg

Figure 2: Ground Magnetic Geophysical survey results at the Victory Discovery.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/4933/134830_b57d426c349ae91f_003full.jpg

Figure 3a. Auger Geochemical Drilling Rigs at the Victory Discovery.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/4933/134830_b57d426c349ae91f_004full.jpg

Figure 3b. Auger Geochemical Drilling Rigs at the Victory Discovery.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/4933/134830_b57d426c349ae91f_005full.jpg

The technical and geoscientific content of this release has been compiled, reviewed and approved by Enkhtuvshin Khishigsuren, Vice President of Exploration and a "Qualified Person" as defined in NI-43-101.

Aranjin Resources is committed to exploring its highly prospective copper and nickel projects in Mongolia. Information about the Company is available on its website, www.aranjinresources.com, or under its profile on SEDAR at www.sedar.com.

Ali Haji, CEO + 1 647.871.4571 contact@aranjinresources.com

Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134830

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Los Andes Copper Ltd. (TSXV: LA) ("Los Andes" or the "Company") is pleased to announce that it has entered into an agreement with Queen's Road Capital Investment Ltd. (TSX: QRC) ("Queen's Road Capital") whereby Queen's Road Capital will invest a further US$5,000,000 in Los Andes by way of an additional convertible debenture (the "Convertible Debenture").

The proceeds received from this capital raise will be allocated towards, expansion drilling at the Vizcachitas copper project in Chile which is expected to commence soon, completion of the Vizcachitas project ("Vizcachitas" or the "Vizcachitas Project") pre-feasibility study, underway and for general corporate purposes.

R. Michael Jones, CEO of Los Andes, commented: "We are very pleased to work with Queens Road Capital and note their steady support of the Company. This financing allows us to continue to progress the project and target resource growth while minimizing dilution to shareholders."

"These funds will allow us to continue with the exciting expansion drilling of Vizcachitas with up to five rigs and complete our Pre-Feasibility Study, (PFS) which is anticipated in Q4 this year. The PFS has a backdrop of an industry facing a potential large deficit in copper supply, which is anticipated just around the corner," added Jones.

Warren Gilman, Chairman and CEO of Queen's Road Capital, commented: "Queen's Road Capital sees significant opportunity of value recognition of Los Andes Copper since world class copper assets are increasingly rare. Recent volatility has not altered the course that copper is the essential ingredient in the world's drive towards electrification, which is also supported by recent M&A activity in the mining sector."

The Convertible Debenture will have a five-year term, carry an eight percent coupon and will be convertible into common shares in the capital of the Company ("Common Shares") at a share price of C$16.75. The interest is payable quarterly, five percent in cash and three percent in shares (at the election of Los Andes), at the 20-day volume weighted average price prior to the interest payment date.

The Company will set aside US $1.05 million in a separate account to provide for the cash component of the interest on all three tranches of the debentures for the next 18 months.

Closing of the financing is subject to the satisfaction of customary closing conditions, including but not limited to TSX Venture Exchange approval and the completion of definitive documentation. Closing is expected to occur September 2, 2022. Once closed the total investment in convertible debentures by Queens Road into Los Andes Copper will total US$14,000,000, representing a total number of shares, if converted, of 1,250,462 shares.

About Queen's Road Capital Investment Ltd.

Queen's Road Capital is a leading financier to the global resource sector. The Company is a resource-focused investment company, making investments in privately held and publicly traded resource companies.

It is intended that the Company will acquire and hold securities for both long-term capital appreciation and short-term gains, with a focus on convertible debt securities and resource projects in advanced development or production located in safe jurisdictions.

Queen's Road Capital Investment Ltd. is listed on the TSX under the ticker: QRC.

About Los Andes Copper Ltd.

Los Andes Copper Ltd. is a development company with a 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing the Vizcachitas Project, which is located along Chile's most prolific copper belt, into production.

Vizcachitas is a copper-molybdenum porphyry deposit, located 120 km north of Santiago, Chile, in an area of good infrastructure. The National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant report titled "Preliminary Economic Assessment of the Vizcachitas Project" (the "PEA"), dated June 13, 2019, prepared by Tetra Tech, highlights that the Vizcachitas Project has a post-tax NPV (8% discount rate) of approximately USD$1.8 billion and an IRR of 20.77%, based on a USD$3 per pound copper price. The Vizcachitas Project has a Measured Resource of 254.4 million tonnes at a grade of 0.439% copper and an Indicated Resource of approximately 1.03 billion tonnes at a grade of 0.385% copper. The PEA can be found on the Company's SEDAR profile at www.sedar.com.

The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.

Antony Amberg CGeol FGS, the Company's President and CEO, is the qualified person under NI 43-101 who have reviewed and approved the scientific and technical information contained in this news release.

For more information please contact: For more information please contact:

R. Michael Jones , P.Eng CEO rmj@losandescopper.com Tel: +44 203 4407982

BlytheRay, Financial PR Megan Ray Rachael Brooks Tel: +44 207 138 3203

E-Mail: info@losandescopper.com or visit our website at: www.losandescopper.com Follow us on twitter @LosAndesCopper Follow us on LinkedIn Los Andes Copper Ltd

Certain of the information and statements contained herein that are not historical facts, constitute "forward-looking information" within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) ("Forward-Looking Information"). Forward-Looking Information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend"; statements that an event or result is "due" on or "may", "will", "should", "could", or might" occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information. Such Forward Looking Information includes, without limitation, the use of proceeds from the issuance of the Convertible Debenture. Such Forward-Looking Information is based upon the Company's assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy, and the Company's production. Among the factors that have a direct bearing on the Company's future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134811

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Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") through its wholly owned subsidiary Northern Fox Copper Inc. is pleased to provide an update on its 100% owned Eaglehead polymetallic porphyry copper project located approximately 50 kilometers ('km') east of Dease Lake, British Columbia. The Eaglehead project covers a large portion (16,492.62 ha) of the Lower Jurassic age (+-195Ma), Eaglehead stock. Field work commenced in mid-June. A summary of activities completed in anticipation of receipt of the permit to conduct drilling operations are noted below:

Elmer B. Stewart, President and CEO of Copper Fox stated, "The delay in receipt of the permit to conduct the drilling program is becoming critical to the completion of the proposed 4-5-week drilling program due to the rapidly approaching end of the summer season. The work related to updating the geological model continues to locate additional drill holes with unsampled mineralized intervals (chalcopyrite with minor bornite and molybdenum) indicating the mineralized envelopes in the Bornite and East zones could be larger than initially modelled."

Drilling The Permit required to conduct the proposed 2022 drilling program remains pending. The Permit approval process requires a site visit which was completed in early July. The Company continues to contact the relevant authority to determine status of the Permit. The proposed drilling will test the 500-meter-long interval (the "Gap") between the Bornite and East zones to test continuity of the mineralization. Location of the proposed 2022 drilling program were shown in a news release dated June 13, 2022.

Archaeology and Water Quality Surveys Preliminary results of the archeological review of the proposed access route and drill hole location failed to locate artifacts of a historical or cultural nature. Receipt of the final report on the Archeological review is pending. Analytical results of the stream water monitoring program have yielded no appreciable changes in water quality since the start of the 2022 program.

Elmer B. Stewart, MSc. P. Geol., President and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

About Copper Fox: Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) and the OTC Market (OTCQX: CPFXF) in the United States focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, are the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona and the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. For more information on Copper Fox's other mineral properties and investments visit the Company's website at http://www.copperfoxmetals.com.

For additional information contact: Investor line 1-844-464-2820 or Lynn Ball, at 1-403-264-2820.

On behalf of the Board of Directors

Elmer B. Stewart President and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about: receiving the NoW; locating additional drill holes with unsampled mineralized intervals; several additional future exploration targets; and water quality analytical results.

In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: obtaining the NoW approval and permits; completing the 2022 program on time and within budget; the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; the speed of field studies and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the 2022 work program may not be completed as planned, or at all; the drilling targets may not provide the results anticipated; the new copper targets may not provide any additional exploration potential; uncertainties relating to interpretation of the previous results; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; fluctuations in commodity prices and demand; currency exchange rates; and uncertainty as to timely availability of permits and other governmental approvals.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134760

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports; " To date we have reported on the geology and sampling on the numerous copper occurrences on the Neil and Bronson Properties in addition to the geophysical and UAV Drone missions. We now would like to report on our findings on the Toro Property conducted during the 2021 summer field season. See Figure 3 below

Figure 3 -Toro Property, Copper Occurrence Locations

The Toro property is underlain by interbedded dolostone and slatey argillites of the Proterozoic Aida Formation and red‐weather siliciclastic sandstones and conglomerates of the unconformably overlying Cambrian Sylvia Formation. East of the main Toro mineral occurrences clastic sedimentary rocks of the Tuchodi Formation occur. Cambrian stratigraphy occurs predominantly within the western half of the property and Proterozoic stratigraphy in the east.

The Proterozoic sedimentary rocks are cut by several large, NNE‐trending diabase dikes which, in the western area of the showings, are truncated and unconformably overlain by varicolored clastic Cambrian strata of the Sylvia Formation (Preto, 1971). Taylor et al (1973) interpreted a major northwest‐ trending southwest‐dipping thrust fault to be located approximately one kilometer northeast of the property.

Copper mineralization occurring in the quartz‐carbonate veins appears to be highly variable and discontinuous. Preto (1971) suggested that the better mineralized veins are older than the dikes, occurring either as inclusions inside dikes or as panels along or near the sides of dikes. See Photo 1 below.

Photo 1 - Toro Property, Ho Copper Occurrence Diabase Dike

The Toro claims encompass four mineral occurrences summarized below with information from the B.C. Minfile. The main showings outcrop on top of a 2,438 meter high north‐south trending ridge. The remnants of an old helicopter pad on the ridge top and other old workings are still visible. See Figure 4 below.

The Ho and John Occurrences and Target 11 Anomaly on the Toro Property were prospected over 5 days and thirteen samples of float were collected and assay results are presented in Table 1and copper assay values are displayed on Figure 5 below.

Figure 5 -Toro Property Copper Assay Values

A prospecting traverse was started on the west branch of the Churchill Creek and continued up‐slope along an old dozer switchback trail to within 65 meters, at a slope of 37 degrees, of the Ho Vein. The vein is exposed on a northeast trending rock face at an altitude of ~ 1,400 meters. Five examples of quartz‐carbonate float (D-723211 to D-723214), with copper mineralization and shale‐siltstone fragments, were sampled at elevations of 1,166 to 1,365 meters. See Photo 2, Table 1 below.

Photo 2 - Toro Property, Ho Copper Occurrence, 0.66% copper

Four of the five samples contained 1.16 to 1.46 % copper and the fifth sample (D-723210) collected the farthest from vein exposure, at the lowest elevation, assayed 0.66% Cu. The five samples contained 1 to 5 % chalcopyrite, abundant malachite and trace bornite. See Photo 3, Table 1 below

Photo 3 - Toro Property, Ho Copper Occurrence, 1.33% copper

Target 11 is comprised of 2 anomalies located 1 and 1.35 km. north of the exposure of the Ho Vein and the downslope area east of the anomalies was prospected and five samples(D-723517 to D-723521) of float were collected at elevations of 1,111 to 1,154 meters.

The highest copper content (0.97 %) was found in sampleD-723518 which was comprised of weathered wacke with quartz‐sulphide (1 % chalcopyrite and trace azurite and bornite), See Photo 4, Table 1 below.

Photo 4 - Toro Property, Target 11 Occurrence, 0.97% copper

Samples D-723517, 520 and521, of quartz‐carbonate veining with shale‐ siltstone fragments, minor chalcopyrite and trace amounts of bornite, contained0.11, 0.30 and 0.38 % Cu, respectively. A sample (D-723519) of wacke, with 3‐5 % pyrite, assayed low in Cu (0.005%).

While prospecting the anomalies of Target 11 an exposed quartz vein was seen upslope to the west and the helicopter placed the crew upslope and 2 quartz veins, striking ~ 355 degrees at an altitude of 1767 meters, were observed across an east trending ravine to the north. These veins lie 1.10 kilometers north along strike of the Ho Vein exposure.

The John Occurrence wasn't found or seen in outcrop while prospecting a valley and a valley‐old switchback dozer trail, east and northwest, respectively, of the supposed location of the occurrence.

Three examples (samples D-723470‐472) of quartz‐carbonate float were collected at elevations of 1,693 to 1,783 meters. These samples contained no sulphide content and assayed low in Cu (0.006‐0.01 %).

The locations of the Toro and Churchill Occurrences were overflown and the Toro veins and some old workings were observed from the air, but rough terrain and lack of climbing aids prevented prospecting in the area. The plotted location of the Churchill Occurrence was also overflown but no veining or Cu alteration was observed.

In summary, a total of 13 samples were collected across the Toro property in 2021 with grades ranging from sub anomalous to 1.46% copper. Cobalt values were significantly anomalous at the Ho occurrence.

Anomalous barite was characteristic of samples collected at the John occurrence. Manganese is also anomalous in samples from both the John and Ho occurrence.

Table 1 - Toro Property Copper Occurrences Samples

All samples taken were photographic and a GPS location taken, plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 5 below.

Photo 5 -Toro Occurrence, Geotagged data

In closing, mineralization encountered within the Toro claims consists of copper‐bearing quartz iron carbonate veining hosted in Proterozoic carbonates.

A spatial correlation exists between this vein‐hosted mineralization and the presence of Neoproterozoic diabase units. No data currently exists demonstrating a temporal relationship, however given the spatial coincidence of the two features and exploitation of similar structures, it is plausible they are genetically related and this will be examined during the 2022 field season.

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") reports that, pursuant to their news release dated July 21, 2022, the Company has received TSX Venture Exchange acceptance of the Paradox Public Relations Inc. ("Paradox") agreement and has granted to Paradox, 1,000,000 stock options at an exercise price of $0.31 for a period of 36 months. The options will vest in stages over a 12-month period whereby 25% of the options will vest each quarter. The option grant includes 4 month hold period.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its advanced (PEA Stage) copper porphyry projects: Escalones in Chile, and Zonia in Arizona. These projects have estimated resources with significant soluble copper (potentially heap leach amenable) mineralization. In addition, each project has peripheral copper porphyry exploration targets with exciting potential to expand the established resources. World Copper is an aggressive junior resource company focused on advancing mining and exploration projects and controls significant copper oxide resources in proven mining jurisdictions.

The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

The Escalones porphyry-skarn copper-gold project has estimated inferred resources of 426 million tonnes of 0.367% total copper within the oxidized zone, based on nearly 25,000m of drill core from 53 holes. The 3.45 billion pounds of copper should be amenable to heap leaching with an average recovery of 71%. The Company is focused on exploring the Mancha Amarilla target immediately to the south of the existing resource. In addition, three significant hydrothermal alteration zones, each measuring between 2,000m and 3,000m in diameter, lie 8-10km to the north of the main discovery.

Mineral resources are not mineral reserves and do not have demonstrated economic viability as there is no certainty that all or any part of the resources will be converted into reserves. Inferred resources are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. It is reasonably expected that the inferred resources could be upgraded to indicated resources with continued exploration.

The Zonia project is in Yavapai County, Arizona, and consists of 261 mineral claims and additional surface rights, all totaling 4,279.55 acres. It is a near-surface, copper-oxide resource and a brownfields site having already been mined in the late 1960s and '70s. The Project is at the PEA level and has been significantly de-risked with over 50,000 metres of drilling completed to date and with substantial amounts of detailed engineering completed. Further details can be found here.

The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

On Behalf of the Board of Directors of

Nolan Peterson Chief Executive Officer

For further information, or to schedule a Zoom meeting with Management, please contact: Nolan Peterson or Michael Pound Phone: 604-638-3287 E-mail: info@worldcopperltd.com

For all Investor Relations inquiries, please contact: John Liviakis Liviakis Financial Communications Inc. Phone: 415-389-4670

For all Public Relations inquiries, please contact: Nancy Thompson Vorticom, Inc. Office: 212-532-2208 | Mobile: 917-371-4053

Twitter: https://twitter.com/WorldCopperLtd Facebook: https://www.facebook.com/WorldCopperLtd LinkedIn: https://www.linkedin.com/company/worldcopperltd

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's continuous disclosure documents. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134682

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