Faraday Copper Discovers Blind Winchester Breccia, Expands Near-Surface Mineralization in the American Eagle Area and Provides Copper Creek Project Update

VANCOUVER, BC / ACCESS Newswire / May 6, 2025 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of five drill holes from its Phase III drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). Four holes were drilled in the American Eagle area and one in the Rum area. The Company is also pleased to provide an update on project activities and next steps at Copper Creek.

Paul Harbidge, President and CEO, commented, "These drill results continue to expand the near-surface mineralization in the American Eagle area, including the discovery of the blind Winchester breccia, which does not outcrop at surface. These results, together with previous Phase III drilling, continue to fill the gap between Mammoth and the American Eagle area and demonstrate that copper mineralization occurs in broad zones outside the high-grade breccias in the American Eagle area."

"Our Phase III drill program was completed in mid-April 2025, with a few pending drill hole assays, and we expect to deliver an updated technical study and mineral resource estimate near the end of the third quarter of this year. We envision the potential for a significant step change in metal output through enhanced project scale, while maintaining low initial capital, long mine life and robust margins. We look forward to providing updates as we advance the project."

Highlights

• Intersected near-surface mineralization in the American Eagle area.

  • At the Jailhouse breccia, intersected 57.87 m at 0.37% copper and 0.94 g/t silver from 38.71 m, including 18.58 m at 0.66% copper and 1.59 g/t silver from 78.00 m in drill hole FCD-25-099.

  • At the Courthouse breccia, intersected 40.70 m at 0.34% copper and 0.96 g/t silver from 62.62 m, including 28.21 m at 0.42% copper and 1.17 g/t silver from 62.62 m in drill hole FCD-25-100.

• Awarded scopes of work to independent consultants to deliver an updated Mineral Resource Estimate and Preliminary Economic Assessment near the end of the third quarter of 2025.

(For true width information see Table 2)

Copper Creek Technical Study Update

The Company has awarded scopes of work to independent consultants to deliver an updated Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") near the end of the third quarter of 2025 (Table 1).

• The updated MRE will incorporate drill results from the Phase II and Phase III drill programs, including approximately 40,000 m of additional drilling compared to the current MRE.

• All existing data is being integrated into a technical framework to inform the updated MRE and PEA.

Zach Allwright, VP Projects & Evaluations, commented, "The updated PEA will be a key milestone for the Company. Since the 2023 PEA¹, the Company has enhanced the technical datasets across all critical areas, most notably the positive metallurgical results that confirmed high copper recovery through coarse grind and flotation. These results, in conjunction with the additional drilling focused on near-surface resource growth, support the proposed strategy of increasing the scale of the asset, while maintaining a low capital cost profile. The Ausenco, SRK and Call & Nicholas teams continue as the Company's preferred technical specialists due to their quality of work and to maintain continuity of knowledge in the delivery of a technically robust study. We are excited to demonstrate the projects' potential as one of the largest future sources of copper within the United States."

Drill Results Details

Phase III drilling was completed in mid-April 2025 with 79 drill holes and 30,069 metres of drilling. In total, 63 holes have been released. Remaining assay results are expected from the American Eagle area and district exploration targets and will be released as they are received, analyzed and confirmed by the Company.

The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m and is host to numerous prospective breccias and porphyries which have strong copper geochemical signatures (Figures 1 to 3). These surface expressions are located above the large underground porphyry mineral resource¹. Historically, the near-surface mineralization was not adequately tested as previous drilling was vertical to steeply inclined. Mapped geology, isolated historical drill intercepts and historical small-scale mining highlighted the potential for near-surface mineralization. The discovery of the Winchester breccia, together with the neighbouring Mammoth breccia, highlights the potential for significant copper mineralization in breccias, which do not outcrop at surface, to be identified. The Company has reported assay results for 27 drill holes from this area as part of the Phase III program (for drill holes not reported herein, refer to news releases on the Company's website and SEDAR+ profile at www.sedarplus.ca). These results provide a broad framework of the geology, structure and alteration and confirm the potential for significant near-surface copper mineralization.

• Drill hole FCD-24-102 was collared 100 m northeast of the American Eagle breccia and drilled to the northwest. It intersected granodiorite to 127 m followed by hydrothermal breccia to 142 m and porphyry to 176 m. Hydrothermal breccia was intersected to 200 m, followed by granodiorite to 321 m. Hydrothermal breccia dominates thereafter to 438 m with a porphyry interval from 412 m to 427 m. The hole ends in granodiorite. Hydrothermal breccia in the upper 200 m of the hole correlate with surface exposures of the North Ridge breccia 150 m north of American Eagle breccia, whereas the lower interval, approximately 200 m below surface, corresponds to the Winchester breccia which is a blind breccia discovery, not outcropping at surface. Alteration associated with breccia is sericitic with subordinate kaolinite. Mineralization occurs as chalcopyrite together with pyrite in breccia cement as well as porphyry-style veining crosscutting granodiorite. Minor chalcocite occurs with pyrite and chalcopyrite in veinlets from 27 m to 50 m.

The Rum area is located approximately 700 m northwest of the resource area (Figure 1). It features several breccias and porphyries intruding Glory Hole volcanics over an area of approximately 250 m by 400 m. Copper oxide and secondary sulphide mineralization is observed near-surface in breccias and surrounding wall rock.

• Drill hole FCD-24-089 was collared approximately 180 m southwest of the Rum breccia and drilled to the southeast, targeting a vein zone cross-cutting a porphyry and the Rum South breccia. The hole intersected volcanics to 74 m, porphyry to 157 m and volcanics to 190 m. Hydrothermal breccia dominates from 190 m to 220 m and the hole terminates in volcanics. Hydrothermal breccia is affected by sericite-kaolinite alteration whereas zones of biotite-hornfels are observed in the volcanics. Pyrite is the dominant sulphide in the breccia cement. The breccia contains elevated silver and pathfinder elements suggesting copper mineralization potential at depth that will be further tested in future drilling.

Figure 1: Plan View Showing Surface Geology and Location of the Drill Holes

Note: The open pit shell is based on constraints used in the MRE as presented in the Copper Creek Technical Report¹.

Figure 2: Plan View Showing Surface Geology and Location of Drill Holes in the American Eagle Area

Note: The open pit shell is based on constraints used in the MRE as presented in the Copper Creek Technical Report¹.

Figure 3: Isometric View Showing Phase III Drill Holes in the American Eagle Area

Note: The open pit shell and underground footprint are based on constraints used in the MRE as presented in the Copper Creek Technical Report¹. For drill holes not reported herein, refer to news releases on the Company's website at www.faradaycopper.com and on the Company's SEDAR+ profile at www.sedarplus.ca.

Table 1: Summary of Selected External Consultants and Related Scope

Table 2: Selected Drill Results

Note: All intercepts are reported as downhole drill widths. Mineralization includes bulk porphyry-style and breccia mineralization. True widths are approximate due to the irregular shape of mineralized domains. N/A: Not analyzed.

Table 3: Collar Locations from the Drill Holes Reported Herein