Doré Copper Announces Closing of $2.8 Million Non-Brokered Private Placement of Common Shares and Flow-Through Shares

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TORONTO, June 06, 2023 (GLOBE NEWSWIRE) -- Doré Copper Mining Corp. (the "Corporation" or "Doré Copper") (TSX-V:DCMC; OTCQB:DRCMF; FRA:DRM) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering"), pursuant to which the Corporation sold an aggregate of: (i) 5,760,000 common shares in the capital of the Corporation (the "Offered Common Shares") at a price of $0.20 per Offered Common Share for gross proceeds of $1,152,000; (ii) 1,900,002 common shares in the capital of the Corporation that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (the "Traditional Flow-Through Shares") at a price of $0.24 per Traditional Flow-Through Share for gross proceeds of $456,000.48; and (iii) 2,875,000 common shares in the capital of the Corporation that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (the "Charitable Flow-Through Shares" and together with the Traditional Flow-Through Shares, the "Flow-Through Shares") at a price of $0.415 per Charitable Flow-Through Share for gross proceeds of $1,193,125, for aggregate gross proceeds to the Corporation of $2,801,125.48.

Canaccord Genuity Corp. and Paradigm Capital Inc. acted as finders (each, a "Finder") in connection with the Offering. In consideration for acting as a Finder in connection with the Offering, the Corporation paid an aggregate of $21,000 in cash finder's fees to the Finders, representing 6% of the gross proceeds of the Offered Common Shares and Traditional Flow-Through Shares that were sold to subscribers introduced by such parties, and issued an aggregate of 91,500 non-transferable warrants (the "Finder's Warrants") to purchase common shares in the capital of the Corporation (the "Finder's Warrant Shares") to the Finders, representing 6% of the Offered Common Shares and Traditional Flow-Through Shares that were sold to subscribers introduced by such parties, with each Finder's Warrant being exercisable for one Finder's Warrant Share at a price of $0.20 per Finder's Warrant Share until June 5, 2025. In addition, the Corporation also paid fees in the amount of approximately $20,000 (plus applicable taxes) in respect of one subscription under the Offering.