Romios retains Stirling Merchant Capital and Natrinova Capital as Investor Relations Consultants

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Finder’s fees of 7% cash and 7% warrants were paid to BT Global Growth Inc. ($7,014.00 and 23,380 warrants), Gerhard Merkel ($7,483.01 and 24 943 warrants), Leede Jones Gable Inc. ($12,495.00 and 41,650 warrants), Canaccord Genuity Corp. ($18,301.50 and 61,005 warrants), Integral Wealth Securities Limited ($1,050.00 and 3,500 warrants), Echelon Wealth Partners ($8,890.01 and 29,633 warrants) and Haywood Securities Inc. ($3,219.99 and 10,733 warrants). All warrants issued as finder’s fees have an exercise price of $0.30, are non-transferable and expire 3 years after closing.

All securities issued under the Offer have a hold period of four months plus one day, during which time the securities may not be traded. Closing of the Offering is subject to final acceptance by the TSXV.

The net proceeds of the Offering are intended for the exploration and development of the Company’s Escalones and Zonia assets, as well as for general working capital.

This press release does not constitute an offer to sell any of the aforementioned securities in the United States. None of the foregoing securities have been and will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities law and may not be offered or sold in the United States or to, or on behalf of or for the benefit of United States Persons (as defined in Regulation S of the 1933 Act) or persons in the United States not registered or exempt from these requirements of registration. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of the aforementioned securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 advanced copper porphyry projects (PEA stage): Escalones in Chile and Zonia in Arizona. These projects have estimated resources with significant soluble (potentially heap leachable) copper mineralization. In addition, each project has peripheral copper porphyry exploration targets with attractive potential to expand established resources. World Copper is a small, dynamic resource company focused on advancing mining and exploration projects and controls significant copper oxide resources in proven mining jurisdictions.

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.

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 Zonia – World Copper Ltd.

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: 604-638-3287
Email: [email protected]

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 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. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information.These risks and other factors include, among others, statements regarding the Company’s anticipated business plans and timing of future activities, the Company’s ability to obtaining sufficient financing to fund its operations and business plans, delays in obtaining governmental and regulatory (including TSX Venture Exchange) approvals, permits or financing, changes in laws, regulations and policies affecting mining operations , currency fluctuations, litigation or claims of title, environmental issues and liabilities, risks related to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the business, financial condition and results of operation of the Company, changes in laws, regulations and policies affecting mining operations, title disputes, failure of the Company to obtain necessary permits, consents, approvals or authorizations, timing and outcome possible of any pending litigation, environmental issues and liabilities, and risks related to joint ventures and a Other risks and uncertainties disclosed in the Company’s continuous disclosure documents. All of the Company’s Canadian public disclosure documents are accessible via www.sedar.com and readers are encouraged to consult these documents.

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.

**NOT FOR BROADCASTING IN THE UNITED STATES OR DISTRIBUTING TO UNITED STATES NEWS SERVICES**

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135582

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