Granite Creek Copper Closes Tranche of Private Placement Financing - Seite 2

Proceeds from the Offering will be used for exploration and development of the Company's Carmacks copper-gold-silver project in Yukon, Canada, the newly acquired Star Project in British Columbia and for general working capital purposes.

Tim Johnson CEO stated, "We are very pleased with our substantial growth in resources and how rapidly we have been able to advance the Carmacks project over the past year with the updated preliminary economic assessment anticipated Q4 2022 positioning the project as a high-grade, low cost North American copper producer. With our newly acquired Star copper-nickel-PGE project Granite Creek offers investors exceptional growth stage exposure to these important commodities in the critical metals space."

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.The Shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176-square-kilometer Carmacks copper-gold-silver project in the Minto copper district of Canada's Yukon Territory. An updated preliminary economic assessment ("PEA") is expected in Q4 2022 based on the recently updated NI 43-101 mineral resource estimate. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Metals Corp., to the north, and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. The Carmacks project is located within the Traditional Territory of Little Salmon/Carmacks First Nation. More information about Granite Creek Copper can be viewed on the Company 's website at www.gcxcopper.com.