Copperstone Resources agrees with Sunstone to prepay additional purchase price for Viscaria acquisition (in key parts subject to EGM approval) - Seite 3

The Board of Directors can thus leave a well-founded recommendation Copperstone's shareholders, besides Sunstone, to vote for the main, remaining part of the prepayment that is conditioned of the approval of the EGM.

For approval at the EGM regarding the remaining prepayment of MSEK 21.2 cash a simple majority is required, without taking Sunstone’s shareholding into account. This decision will be made separately from the decision regarding the rights issue at the EGM. The agreement regarding prepayment in this part also presupposes that the rights issue is approved and carried out within reasonable time, but not that it will be fully subscribed for.

Additional information regarding the agreed APP prepayment, its relation to the rights issue and the EGM approval process will be presented in the notice to the EGM which is to be made public on a later date, as well as in the ensuing documentation with the Board of Director's complete proposal to be provided pursuant to AMN 2019:25 ahead of the EGM.

For further information, please contact

Chairman Jörgen Olsson +46 (0) 703 - 420 570

[e-mail]

CEO Michael Mattsson på +46 (0) 705 - 739 777

[e-mail]

[e-mail] or www.copperstone.se

This press release contains inside information that Copperstone Resources AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation (MAR). This information was submitted through the agency of the contact person set out above for publication on 20 November 2020 at 08:20 CET.

ABOUT COPPERSTONE

Copperstone Resources AB is a mineral exploration company formed in 2006. During 2019, the Company acquired Viscaria deposit in Kiruna and accordingly, the Company’s strategy was revised. The goal is to become a modern and responsible producing mining company through the reopening of the Viscaria mine. The deposit’s high level of copper and the geographical location provide for good conditions to become a key supplier of qualitative and responsible produced copper to customers who are driving the global change towards an electrified society. In addition to the Viscaria mine, Copperstone has several Exploitation Concessions and Exploration Permits in Arvidsjaur (Eva, Svartliden, Granliden) and Smedjebacken (Tvistbogruvan), all of which are located in Sweden. The Company’s shares are subject trading on Nasdaq First North Growth Market (ticker COPP B). The Certified Adviser is Augment Partners AB, [e-mail], [phone].

Attachment

• 20201120 APP UK