ALLIED COPPER ANNOUNCES OPTION GRANT

James Alexander Wylie, of 3237 7 Street SW, Calgary, Alberta, T2T 2X8, announced that on December 9, 2022, he acquired 11,136,000 common shares (" Shares ") in the capital of Allied Copper Corp. (the " Company "), a company with a head office at Suite 520, 999 West Hastings Street, Box 55, Vancouver, British Columbia, V6C 2W2 (the " Acquisition "), pursuant to a share purchase agreement dated October 31, 2022, among each of the shareholders of Volt Lithium Corp. (" Volt ") and the Company, whereby the Company acquired all of the issued and outstanding shares of Volt (" Volt Shares ").

Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF, FSE: S9G) (" Allied "), is pleased to announce that its lithium-focused division, Volt Lithium Corp (" Volt " or the " Company ") has achieved a technical breakthrough with its proprietary, next-generation IES-300 Direct Lithium Extraction (" DLE ") technology, which is expected to support continued step-change improvements in Volt's process and project economics upon commercialization.

This next-level IES-300 technology builds on the previously announced success of Volt's original IES-200 DLE process, which achieved 93% lithium recoveries from oilfield brines. With IES-300, the Company has continued to realize up to 93% lithium extraction, while also reducing the amount of re-agent required to treat oilfield brine as it enters the extraction process. The combination of continued high lithium extraction levels, a streamlined process and ongoing efficiency improvements has resulted in lower operating costs for Volt, which is expected to enhance project economics.

    An Emerging Markets Sponsored Commentary    

Last month, President of Allied Copper Inc. and CEO of Volt Lithium Corp. (TSX-V: CPR, OTCQB: CPRRF) (the " Company " or " Allied " or " Volt ") Alex Wylie was interviewed by Martin Gagel from Radius Research and presented a deep dive into direct lithium extraction for li-ion batteries .

Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the " Company " or " Allied "), is pleased to announce that it has entered into an addendum (the " Addendum ") to the agreement previously announced on March 14, 2022, between Emerging Markets Consulting, LLC (" EMC ") and Allied (the " EMC Agreement "), subject to the approval of the TSX Venture Exchange (" TSX-V ").

The addendum serves to re-establish the EMC Agreement for a three-month term, following which, the Company has the option to renew the EMC Agreement for a further three-month term on substantially the same terms. Under the EMC Agreement, EMC will provide investor and public relations services to Allied, including arrangement for and provision of electronic media and webcast services, as well as the drafting of corporate information and dissemination of such information through email and trade shows. In consideration for these services, EMC will be paid a cash fee of $150,000 USD at the beginning of the three-month term and has the option to extended for a further period of three months on the same terms.