World Copper Announces Management Update and Grants Incentive Stock Options

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Vancouver, British Columbia–(Newsfile Corp. – January 31, 2022) – World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (“copper of the world“or the”Society“), announces that Mr. Nolan Peterson has been appointed to the role and title of President in addition to his current role as Chief Executive Officer.

Mr. Patrick Burn resigned as Chairman on January 31, 2022 and will remain a member of the World Copper Board of Directors.

Henk van Alphen, Chairman of World Copper, said: “Since his appointment as CEO in April 2021, shareholders should be pleased with the company’s performance and Mr. Peterson has set the company on the path to even greater future success. big. The Board of Directors has consolidated the roles of CEO and Chairman in recognition of our full confidence in Mr. Peterson’s ability to articulate and advance the Company’s strategic vision. We thank Mr. Burns for his service as Chairman and he will remain a valued member of our Board.

LONDON SOUTHEAST LIVE WEBINAR PRESENTATION

Chairman and CEO, Nolan Peterson, will present at the webinar live from South East London on Tuesday 8th February 2022. South East London hosts some of the biggest webinars in the UK. Join four CEOs and a large audience of investors for this event.

Register at: https://us02web.zoom.us/webinar/register/8716431930253/WN_ZJVzMqdWTgWYBetrouIuFg

Nolan Peterson will present for World Copper at 11:30 PST (2:30 EST/7:30GMT). The full webinar will begin at 10:00 a.m. PST (1:00 a.m. EST/6:00 a.m. GMT).

GCFF VIRTUAL CONFERENCE PRESENTATION

President and CEO, Nolan Peterson, will present at the virtual conference GCFF 2022 – Base Metals and Energy Metals Day; a free online event to be held on Wednesday, February 9, 2022. Featuring some of the most promising mining exploration companies in the market today, the event is expecting over 400 English and Chinese speaking live attendees.

Register at: https://gcff-2022-feb-9.eventbrite.ca/?aff=WCU.

Nolan Peterson’s presentation begins at 10:55 a.m. PST (1:55 p.m. EST).

GRANT OF INCENTIVE STOCK OPTIONS

Pursuant to the Company’s 2021 Incentive Stock Option Plan, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 4,585 000 common shares of the capital stock of the Company. The options can be exercised no later than February 1, 2024 at a price of $0.91 per share.

LAKESIDE MEDIA SERVICES ENGAGEMENT

The Company announces that it has engaged Lakefront Media Services to provide marketing and investor outreach services effective January 31, 2022. Lakefront will receive compensation of $85,000 for a term of one year.

ABOUT WORLD COPPER LTD.

World Copper Ltd., headquartered in Vancouver, British Columbia, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona . Two of these projects have estimated resources with significant soluble copper mineralization, and there are at least two other copper porphyry targets with attractive potential to expand the resource base.

About Escalones

The Escalones porphyry skarn copper-gold project estimated inferred resources of 426 million tonnes of 0.367% total copper in the oxide zone, based on nearly 25,000 m of drill core from 53 holes . The 3.45 billion pounds of copper should be suitable for heap leaching with an average recovery of 71%. The Company is focused on exploring the Mancha Amarilla target immediately south of the existing resource. In addition, three major hydrothermal alteration zones, each measuring between 2,000 m and 3,000 m in diameter, lie 8-10 km north of the main discovery.

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability as there is no certainty that all or part of the Resources will be converted into Reserves. Inferred resources are that part of a mineral resource for which quantity and grade or quality are estimated based on limited geological evidence and sampling. It is reasonable to expect that inferred resources can be upgraded to indicated resources with continued exploration.

About Zonia

The Zonia Project is located in Yavapai County, Arizona, and includes 261 mining claims and additional surface rights, totaling 4,279.55 acres. It is a near-surface copper oxide resource and brownfield that was previously mined in the late 1960s and 1970s. The project is at PEA level and has been significantly scaled down with over 50,000 meters of drilling completed to date and with substantial amounts of detailed engineering completed. Further details can be found here.

The World Copper team has a unique skill set in navigating the mining sector in Chile, with some members having worked in the country for over 40 years and with discovery success.

On behalf of the Board of Directors of

WORLD COPPER LTD.

Nolan Peterson

Nolan Peterson
Chief executive officer

For more information or to schedule a Zoom meeting with management, please contact:
Nolan Peterson or Michael Pound
Phone: 604-638-3665
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

For any inquiries relating to investor relations, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670

For all public relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053

Follow us:

Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, that Cardero shareholders will approve the Arrangement, that Cardero will succeed in obtaining the final order, the date of expected completion of the Arrangement, the expected results of the exploration program of exploration activities, the discovery and delineation of mineral deposits/resources/reserves as well as the anticipated business plans and timing of future activities of the Company are forward-looking statements. Although the Company believes these statements to be reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking statements are generally identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “should”, “”, “potential”, “expected” or variations of these words and similar phrases and expressions, which by their nature refer to future events or results which may, may, might or will occur. occur or be taken or achieved. In making the forward-looking statements contained in this press release, the Company has applied several important assumptions, including, without limitation, that Cardero and the Company will receive all necessary approvals for the Arrangement , market fundamentals will drive sustained copper demand and prices, the receipt of all permits, licenses and regulatory approvals necessary for the future development of the Company’s Chilean projects in a timely manner, including the pro jet Escalones and the Cristal project, the availability of financing on appropriate terms for the development, construction and continued operation of the Company’s projects and its ability to comply with environmental, health and security.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the information. prospective. These risks and other factors include, among others, the need for additional capital, operational and technical difficulties related to mining exploration and development activities, the actual results of exploration activities, in particular on the Escalones project and the Cristal project. , the estimation or realization of mineral reserves and resources, the fact that the Company’s interests in the Cristal project and the Escalones exploitation concessions are only options and that there is no guarantee that such interest, if earned, will be certain, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of development of new fields, additional capital requirements , future copper prices, changes in general economic conditions, changes in financial markets and in the demand and market price of copper. commodities, lack of investor interest in future funding, accidents, labor disputes and other mining industry risks, delays in obtaining government approvals (including from the TSX Venture Exchange), permits or financing or in carrying out development or construction activities, risks related to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the business, financial condition and results of the Company’s operations, changes in laws, regulations and policies affecting mining operations, title disputes, the Company’s failure to obtain necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties di disclosed in the Company’s continuous disclosure documents. All of the Company’s Canadian public filings are available through www.sedar.com and readers are encouraged to consult such filings.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements contained in this press release or incorporated by reference herein, except as otherwise required by law.

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