Craig Parry and Christian Kargl-Simard Join Surge Copper’s Board of Directors, James Hynes as Advisor and the Company Announces a C$6.5 Million Dollar Financing - Seite 2

Christian Kargl-Simard – New Independent Board Member
Christian is a professional engineer with over 17 years of experience in the mining industry, having worked both in technical and finance roles, and is currently the President and CEO of Adventus Mining Corp. Prior to starting Adventus, he worked for 10 years in investment banking roles at Raymond James Ltd. and Haywood Securities Inc. During his tenure in investment banking, Christian was involved in financings raising more than $7 billion, and he assisted in completing over 35 M&A transactions with companies such as Fortuna Silver Mines Inc., Altius Minerals Corporation, Arizona Mining Inc., Victoria Gold Corp., Atlantic Gold Corporation and Tahoe Resources Inc. Christian also worked for Dynatec Corporation in Fort Saskatchewan, Alberta up to its sale to Sherritt International Corp. in 2007, both in metallurgical engineering and corporate development roles. Christian is a professional engineer (Canada) and holds a B.A.Sc. degree in Metallurgical Engineering from the University of British Columbia.

James Hynes – Advisor to Board 
James is a geological engineer with over 20 years of experience in the resource sector. He is currently the founder and Executive Chairman of Kore Mining Ltd. During his career, Mr. Hynes has founded and served on the board of a number of private mining exploration companies. Mr. Hynes holds a Bachelor of Science in Engineering (1999) specializing in geological and geotechnical engineering from the University of New Brunswick.

Dr. Shane Ebert CEO of Surge commented, “We welcome all the new members to the team and look forward to drawing on their experience and vision to create a significant British Columbia focused copper company. With a strong balance sheet Surge will be able to expedite and expand a drill program at the Project which will include testing the recently identified geophysical target that could be a faulted part of the East Seel deposit, along with other attractive new copper and precious metals targets.”

Terry Kuzma has resigned from the Surge Board of Directors to allow room for the new Board appointees. The Company would like to thank Mr. Kuzma for his dedication and commitment to the Company and looks forward to working with him in the future on a consulting basis.

Financing
Surge Copper announces a non-brokered private placement raising total proceeds of up to C$6.5 million. The offering will consist of up to 9,090,910 units priced at C$0.11 per unit for gross proceeds up to C$1,000,000 (the “HD Units”) and 36,363,636 flow-through units priced at C$0.15 for gross flow through proceeds of up to C$5,454,545 (the “FT Units”).   Each HD Unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of C$0.17 per share for a period of three years from the closing date of the private placement. Each FT Unit will consist of one flow-through share and one share purchase warrant entitling the holder to purchase an additional non-flow-through common share at a price of C$0.17 for a period of three years.