King Copper Advances Drilling Contract for Initial Phase of the 36,000m Diamond Drilling Program at Colquemayo

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Drill targets:

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The initial drill holes are designed to step out from the strongest Cu/Au/Ag intersections, including those encountered in hole 36 at Amata-Cairani target (Figures 1 and 1A). It will also test down-dip targets where spectral data and presence of porphyry style veining indicate the proximity of a potential porphyry intrusion, such as in Coripuquio (Figures 2 and 2A). Besides Amata-Cairani and Coripuquio, 4 other targets have been defined as priority in the initial drilling.

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Unlocking the Porphyry Potential at Colquemayo

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King Copper’s planned exploration program builds on an extensive technical review and reinterpretation of the Colquemayo system. The program will follow up on multiple zones of high-grade copper mineralization identified through historical drilling while testing the broader porphyry potential at depth. Historical results include:

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The planned 36,000 metre program is designed to follow up on this established mineralization while systematically testing the deeper porphyry targets identified through King Copper’s geological reinterpretation of the Colquemayo system.

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Figure 1 – Interpreted alteration at level 4,050m amsl and panned drillhole A1 for testing downdip potential of hole COQ10-36 intersections and potential deeper Cu porphyry target.

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Figure 1A – Copper values in historic drilling and interpreted geology at level 4,250m amsl

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Figure 2 – Gold values in historic drilling, interpreted alteration at level 4,100 amsl and planned drill holes C1 and C11, to test potential Cu porphyry target at depth, indicating by transition to pyrophyllite alteration and presence of B-type veinlets.

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Figure 2A – Copper values in historic drilling and interpreted geology at level 4,300 amsl.

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On Behalf of the Company,
Jonathan Richards, Chief Executive Officer and Director.

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For Investor Relations enquiries, please contact +1 604 218 1142

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Statements

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About King Copper Discovery Corp and Our Projects: King Copper is a TSXV-listed exploration company focused on the Colquemayo copper-gold project in South America. The Company is led by a team responsible for multiple copper-gold-silver discoveries.

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Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements, including the expected closing date of the Financing, the investor’s expected ownership interest in King Copper and the expected use of proceeds from the Financing. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as legal, social, and economic conditions in Argentina and Peru, where the Company’s mineral exploration properties are located. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.