Faraday Copper Intersects 40.06 Metres at 0.78% Copper Within 109.42 Metres at 0.41% Copper at the Boomerang Breccia and Expands Near-Surface Mineralization at the Prada Breccia

VANCOUVER, BC / ACCESSWIRE / January 8, 2025 / Faraday Copper Corp. (" Faraday " or the " Company ") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of five drill holes from its ongoing Phase III drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). Two holes were drilled in the American Eagle area, two in the Rum area and one was a reconnaissance hole east of Area 51.

Paul Harbidge, President and CEO, commented "It is exciting to see that our on-going drill program continues to deliver positive results. These results confirm additional near-surface mineralization above the existing resource in the American Eagle area, including the identification of high-grade copper at the Boomerang breccia. Moreover, significant copper was identified in veins outside the breccia domains. All fifteen drill holes, reported in the American Eagle area to date, have intersected copper mineralization above cutoff grade ¹ with numerous high-grade zones present. Additionally, drilling has demonstrated exploration potential well outside of the resource area, including east of Area 51 and at depth in the Rum area."

Highlights

(For true width information see Table 1)

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 5). These surface expressions locate above the large underground porphyry mineral resource, which is approximately 500 m to 1,100 m depth below surface. 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 highlight the potential for near-surface mineralization. The Company has reported assay results for fifteen drill holes from this area as part of the current program (for drill holes not reported herein, refer to news releases on the Company's website). These results provide a broad framework of the geology, structure, and alteration and confirm the potential for significant near-surface copper mineralization. Drilling continues in the area to test additional undrilled breccias and follow-up drilling on recent discoveries.

• Drill hole FCD-24-082 was collared approximately 100 m southwest of the Prada breccia and drilled to the northeast to test the Prada and the Boomerang breccias (Figures 2 to 5). The hole intersected granodiorite from surface to 160 m, hydrothermal breccia to 300 m, followed by porphyry to 342 m. From 342 m to 445 m the dominant lithology is igneous cemented breccia, and from 445 m to 515 m it is hydrothermal breccia. The hole ends in granodiorite. Alteration throughout the hole is dominated by sericite and kaolinite with breccia intervals characterized by sericite and tourmaline. Mineralization occurs as chalcopyrite with pyrite in breccia cement and veins.

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, with copper oxide mineralization observed at surface. A recent drill hole (FCD-24-078) intersected 57.73 m at 0.85% copper from surface (Refer to news release dated November 19, 2024 ).

• Drill hole FCD-24-083 was collared 100 m west of the Rum South breccia and drilled towards the east. The hole intersected Glory Hole volcanics from surface to 128 m and entered hydrothermal breccia to 202 m. After crossing a fault, it intersected porphyry to the end of the hole. Alteration associated with breccia is kaolinite and sericite with subordinate chlorite. The breccia contains pyrite associated with 0.8 g/t silver and anomalous tellurium and bismuth, suggesting potential for copper mineralization at depth.

The Eastern Area 51, located 500 m northeast of Area 51 (Figure 1), is dominated by Proterozoic sedimentary rocks, including skarn altered limestone and quartzite. These rocks are intruded by porphyry and breccias. A steeply southeast dipping vein cross cutting porphyry is documented. Surface grab samples from this vein have up to 0.7% silver and 8% copper. Additional drilling in this area is being evaluated.

• Drill hole FCD-24-079 is a reconnaissance hole testing the vein and adjacent rocks for copper and precious metal mineralization. The hole starts in Proterozoic limestone with skarn alteration to 10 m, followed by quartzite to 21 m, porphyry to 151 m and granodiorite to the end of the hole. The vein zone was intersected from 48 m to 51 m. Hematite related to weathering is abundant from surface to 145 m. Elevated silver has been identified from surface to 58 m with the vein zone containing up to 153 g/t silver. Copper mineralization occurs as oxide and is restricted to the vein zone and adjacent wall rock.

Next Steps

Phase III drilling continues with the current focus on near-surface mineralization in the American Eagle and Rum areas.

To date, through the combined Phase II and Phase III drill programs, which are not included in the Mineral Resource Estimate, the Company has released results from 73 drill holes as follows:

• 20 drill holes were step-out holes testing extensions to the mineral resource; and

• 7 drill holes were drilled within the resource area, targeting expansion of the higher-grade cores.

The Company has conducted over 30,000 metres of incremental drilling beyond the current Mineral Resource Estimate, with the new targets representing a significant opportunity to enhance the project value.

The assay results for additional completed drill holes will be released as they are received, analyzed and confirmed by the Company.

Figure 1: Location Map

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

Note: The open pit shell is based on constraints used in the MRE as presented in the report titled "Copper Creek Project NI 43-101 Technical Report and Preliminary Economic Assessment" with an effective date of May 3, 2023 (the " Technical Report") available on the Company's website at www.faradaycopper.com and on the Company's SEDAR+ profile at www.sedarplus.ca

Figure 3: Cross Section Showing Phase III Drill Hole at Prada and Boomerang

Figure 4: Isometric View Showing Phase III Drill Holes in the American Eagle Area

Note: The field of view represents an approximately 700-metre-thick slice. The open pit shells and underground footprint are based on constraints used in the MRE as presented in the Technical Report available on the Company's website at www.faradaycopper.com and on the Company's SEDAR+ profile at www.sedarplus.ca. For drill holes not reported herein, refer to news releases dated June 25, 2024, July 25, 2024, August 21, 2024, September 24, 2024, and October 17, 2024.

Figure 5: A Core Sample from Drill Hole FCD-24-082

Table 1: 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 2: Collar Locations from the Drill Holes Reported Herein