Copper Giant Resources Corp. Reports Drill Results Extending Mineralization at Mocoa and Confirming Third Mineralized Corridor

TSXV: CGNT | OTCQB: LBCMF | FRA: 29H0

Overview

Copper Giant Resources Corp. ("Copper Giant" or the "Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) today reported assay results from deep infill hole MD-064 and directional daughter hole MD-063 at its flagship Mocoa copper-molybdenum porphyry project in Putumayo, Colombia. According to the company, the results continue to validate the model behind the Company's 1.12 Bt Inferred resource containing 12.7 Blbs of CuEq* (7.7 Blbs of copper at 0.31% Cu and 1.0 Blbs of molybdenum at 0.039% Mo).

MD-064 intersected 1,052 metres of continuous mineralization, including 486 metres of 0.57% CuEq* (0.41% Cu and 0.029% Mo), exceeding the current Mineral Resource Estimate (MRE) average of 0.51% CuEq*, according to the company. MD-064 also delivered the first modern confirmation of the western breccia, establishing a third drill-tested mineralized breccia corridor at Mocoa. MD-063 extended continuous mineralization below the current conceptual pit through ground previously modelled as waste, with results confirming that the system continues at depth and to the south toward the La Estrella corridor, where the Company's third drill rig is conducting maiden drilling from the other end.

Key Highlights

• MD-064 confirmed deposit continuity: 1,052 metres of continuous mineralization from 155 metres, including 486 metres of 0.57% CuEq* (0.41% Cu and 0.029% Mo), exceeding the current MRE average of 0.51% CuEq*, with a higher-grade core of 115 metres of 0.65% CuEq* from 552 metres downhole.
• Third mineralized breccia corridor confirmed: MD-064 intercepted 180 metres of 0.44% CuEq* (0.36% Cu and 0.015% Mo) in the western breccia system, including 72 metres of 0.55% CuEq* (0.51% Cu and 0.008% Mo). Mocoa now comprises three drill-tested mineralized breccia corridors, described by the company as consistent with a multi-phase porphyry system with multiple mineralized centers.
• MD-063 extended mineralization below the current conceptual pit: The directional daughter hole returned 808 metres of 0.31% CuEq* (0.20% Cu and 0.021% Mo) from kick-off point, including 303 metres of 0.41% CuEq* (0.25% Cu and 0.031% Mo) starting from 541 metres downhole, through ground previously modelled as waste.
• La Estrella corridor being tested from both ends: MD-063 extends mineralization south and at depth, while the Company's third rig conducts maiden drilling at La Estrella from the other end. Assay results are pending.
• Multiple near-term catalysts identified: The company states a pipeline of near-term catalysts includes an updated MRE, a second stage of metallurgical testing, the planned upcoming Preliminary Economic Assessment (PEA), and assay results from La Estrella.
• Results exceed and are consistent with MRE block model predictions: According to the company, the results are consistent with, and locally exceed, grades predicted by the current MRE block model, further validating the geological interpretation and spatial predictability of higher-grade domains.

Strategic and Operational Context

According to Edwin Naranjo Sierra, Vice-President of Exploration: "These two holes do something more valuable than chasing a high number. MD-064 confirms the continuity and grade of the deposit across more than a kilometre of core, which leads us to believe the resource model we will build the PEA on is sound. MD-063 shows the system continuing below the current pit, in ground we had modelled as waste, and the first modern confirmation of the western breccia tells us Mocoa is a larger, multi-center system than the current resource captures. We are increasing confidence in what we have and adding to what is still to come, exactly what we want heading into the PEA."

The company states that it uses directional drilling to steer multiple daughter holes from a single drill pad, testing several targets without building new pads or roads in Mocoa's steep terrain. According to the company, this approach delivers more geological information per metre at lower cost and with less surface disturbance, and it accelerates potential MRE conversion and expansion ahead of the PEA. MD-063 was drilled as a directional daughter hole from MD-056, forming part of a systematic follow-up to previously reported holes MD-054, MD-056, MD-058, and MD-061.

Drill Results Summary

• MD-063 (Daughter hole, kick-off depth 276 m): 808 m of 0.31% CuEq* (0.20% Cu, 0.021% Mo) from 276 m to 1,083 m, including 598 m of 0.34% CuEq* (0.22% Cu, 0.023% Mo) from 485 m; including 487 m of 0.36% CuEq* (0.23% Cu, 0.025% Mo) from 485 m; including 303 m of 0.41% CuEq* (0.25% Cu, 0.031% Mo) from 541 m; including 134 m of 0.43% CuEq* (0.25% Cu, 0.034% Mo) from 541 m; and including 21 m of 0.34% CuEq* (0.31% Cu, 0.007% Mo) from 1,062 m.
• MD-064 (from 0.0 m): 1,206 m of 0.42% CuEq* (0.30% Cu, 0.022% Mo) from 0.0 m; including 1,052 m of 0.46% CuEq* (0.34% Cu, 0.024% Mo) from 155 m; including 486 m of 0.57% CuEq* (0.41% Cu, 0.029% Mo) from 155 m; including 115 m of 0.65% CuEq* (0.34% Cu, 0.058% Mo) from 552 m (higher-grade core); including 180 m of 0.44% CuEq* (0.36% Cu, 0.015% Mo) from 1,001 m (western breccia); and including 72 m of 0.55% CuEq* (0.51% Cu, 0.008% Mo) from 1,001 m.
• CuEq* is calculated as: CuEq (%) = Cu (%) + 5.278 x Mo (%), using metal prices of Cu - US$4.00/lb and Mo - US$20.00/lb, and metal recoveries of 90% Cu and 95% Mo.
• Drilled widths are interpreted to be very close to true widths, according to the company.

What to Watch Next

• Assay results from maiden drilling at the La Estrella target, where the Company's third drill rig is currently conducting drilling.
• An updated Mineral Resource Estimate, expected ahead of the planned upcoming PEA.
• Second stage of metallurgical testing, as stated by the company as a near-term catalyst.
• The planned upcoming Preliminary Economic Assessment (PEA) for the Mocoa project.

About Copper Giant Resources Corp.

Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition--responsibly, efficiently, and with long-term positive impact.

The Company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction.

Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity--and the catalyst for the Company's name and evolution.

Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring values for all stakeholders and playing a meaningful role in the global energy transition.

Read full press release here.

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