Nevada Copper Continues Ramp Up of Process Operations; First Concentrate Deliveries in October; Anna Ladd-Kruger Appointed to Board - Seite 2

Exploration 
As previously announced, the Company completed 2023 drill program with a total of 11 holes (3,305 feet) drilled on the Copper Ridge target and 9 holes (1,653 feet) on the Dimples target. Preliminary assays from the first two holes from the program have indicated that mineralization and alteration found at surface has been intersected in the drill holes. Final assays and QA/QC samples are expected to be received in Q4 2023 and Q1 2024.

Board Changes
The Company has appointed Anna Ladd-Kruger to the Board of Directors of Nevada Copper, effective November 20, 2023.

Stephen Gill, Chairman of the Board of Directors of Nevada Copper, stated, “We are very pleased to have Anna join the Board, adding her operational and financial experience in base and precious metals companies. She has been an integral member of executive management for several companies that have grown from exploration and development to mid-tier producers, gaining key knowledge through all facets of the mining development cycle. She will add a strong strategic presence as we continue to ramp up Pumpkin Hollow and look towards future opportunities including the open pit.”

Ms. Ladd-Kruger has over 25 years of industry experience, progressing her career through financial and operational leadership roles at several Canadian publicly listed mining companies. She has experience in various stages of the mining process from exploration to multi-jurisdictional operations. Prior to retiring in 2022, Ms. Ladd-Kruger was the Chief Financial Officer (CFO) of McEwen Mining Inc. where she was brought in to lead financial and operational turnaround strategies and was key to the McEwen Copper spin-out, including serving as its CFO and director. Ms. Ladd-Kruger previously served as the CFO and VP Corporate Development for a number of mining companies and began her career working at Vale S.A.'s Thompson and Sudbury Canadian operations before joining Kinross Gold Corporation as their North American Group Controller. Ms. Ladd-Kruger holds both a CPA and CMA designation, a Master’s of Economics from Queen’s University and a Bachelor of Commerce from the University of British Columbia. She also holds the Canadian Institute of Corporate Directors designation (ICD.D).