Copper

Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) ("Bam Bam" or the "Company") announces that the Board of Directors have approved a consolidation of the Company's common shares on the basis of one (1) post-consolidated share for every ten (10) pre-consolidated shares (the "Consolidation").

Currently, the Company has 187,788,818 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 18,778,881 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in section 83(1) of the Business Corporations Act (British Columbia).

In conjunction with the Consolidation, the Company will be changing its name to "Majuba Hill Copper Corp." The Company also intends to change its trading symbol on the Canadian Securities Exchange to "JUBA".

The Company will issue a further news release announcing the effective date in which the Company will commence trading under the new name, symbol and CUSIP number.

Further, the Company has granted an aggregate 10,250,000 restricted share units (the "RSUs") to directors and consultants of the Company. The RSUs are valid for a one-year term and are governed by the Company's RSU Plan, approved by the Company's shareholders on December 2, 2019.

About Bam Bam Resources Corp.

Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.

The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.

On Behalf of the Board of Bam Bam Resources Corp.

"David Greenway"
David C. Greenway
President & CEO

For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: jw@bambamresources.com
P: 1 (855) 475-0745

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties, which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

Click here to connect with Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) to receive an Investor Presentation

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BBR:CNX
Bam Bam Resources

Bam Bam Resources

Overview

The demand for copper is expected to grow nearly 600 percent to 5.4 million by 2030, according to Goldman Sachs. This rapidly growing demand for copper comes after copper futures hit the world’s highest prices in July 2021. Copper has a wide range of valuable market applications, including CO2 conversion, killing cancer cells, wind power and even the fight against COVID-19.

However, the majority of the demand growth for copper isn’t expected to come from those sectors –– it’s projected to come from the rise in electric vehicles. Specifically, a single electric vehicle requires 60 to 90 kilograms of copper compared to 23 kilograms for a gasoline-powered car. With the electric vehicle market expected to grow at a compound annual growth rate (CAGR) of 33.6 percent from 2020 to reach nearly $2.5 trillion by 2027, the associated copper market and its rising prices will likely be of significant interest to investors.

Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) (“Bam Bam” or the “Company”) is a mineral company focused on acquiring, exploring, and developing a portfolio of highly prospective copper properties with high-grade potential in North America. The Company’s project is located in Nevada which is one of the top mining jurisdictions in the world and is led by a highly experienced management team with decades of experience in the finance and mining industries.

“Our best grade so far on the drill program that we ran last year is in the oxide copper – we got 2.4 percent (copper equivalent) from surface to 146 feet. That’s a significant hole and that’s a pretty significant starting point. So, we know that the oxide cap could potentially be quite rich and it has some pretty good depth as well. Now our plan is to define and increase the known mineralization in the oxide cap and publish an updated NI43-101 that will be released after the drill program is completed. “This will provide an updated report reflecting the improved understanding of the geology, size, and potential scale of the Majuba Hill Porphyry Copper System”, said VP of Communications, Joel Warawa.

The Company’s flagship Majuba Hill project is located in the mining-friendly region of Pershing County in Nevada in the United States and is 120 miles northeast of Tesla’s Giga factory. The project is a high-grade copper-silver porphyry deposit that also features gold mineralization. Majuba Hill also has a proven history of successful exploration and strong production throughout the years but is still considered to be largely unexplored.

Majuba Hill has outcropping oxide copper mineralization at the surface. The total potential for the project is over 1 billion tons of sulfide oxide mineralization with grades of 0.4 to 0.5 percent for copper, 10-14 g/t of silver and 0.17-0.25 g/t of gold. Surface sampling on Majuba Hill found copper as high as 7.1 percent and silver as high as 3 oz/t. Outcrop rock sampling also found 3 to 10 g/t of gold within the copper zones.

The Company completed a successful multi-phase drilling program on the Majuba Hill project in 2020. The extensive exploration drilling program outlined an oxide copper-silver mineralization body and additional new copper porphyry target areas with the potential to expand the mineralization. Results from this program point to a potentially large and economically significant underlying sulfide deposit.

In September 2021, the Company announced that it expanded its land position by more than 300 percent for the Majuba Hill project to a total size of 15.1 square miles or 39.2 square kilometres. This incredible accomplishment vastly increased the project’s tonnage potential from 500 million tons to over 1 billion tons. The Company strongly believes that Majuba Hill has the potential to be a district size property which could further increase the asset’s resource and overall value.

The Company is fully funded for its 2021 to 2022 expanded exploration program. The exploration program includes step-out and in-fill drilling to extend the tonnage of the oxide cap and expand the scale of the sulfide deposit. The soil sampling coverage has been increased by 100% with assay results currently pending. Going forward, Bam Bam plans to continue the systematic. Phased exploration with soil and rock sampling, geophysics, and drill results.

Company Highlights

  • Bam Bam is a mineral company focused on acquiring, exploring, and developing a portfolio of highly prospective copper properties with high-grade potential.
  • The Company’s flagship Majuba Hill project is located in the mining-friendly region of Pershing County in Nevada which was the top mining jurisdiction in the world in 2020. The property is 120 miles northeast of Tesla’s Giga factory.
  • Majuba Hill is a high-grade copper-silver porphyry deposit that also features gold mineralization and a proven history of successful exploration and strong production throughout the years. The has high-grade, outcropping oxide copper mineralization.
  • In September 2021, the Company announced that it expanded its land position by more than 300 percent for the Majuba Hill project to a total size of 15.1 square miles or 39.2 square kilometres. This vastly increased the project’s tonnage potential from 500 million tons to over 1 billion tons. The Company strongly believes that Majuba Hill has the potential to be a district size property which could further increase the asset’s resource and overall value.
  • The Company is fully funded for its 2021 to 2022 expanded exploration program. The company believes that previous results point to a potentially valuable underlying sulfide deposit.
  • The Company is led by a highly experienced management team with decades of experience in the finance and mining industries.

Key Projects

Majuba Hill

The flagship Majuba Hill is a high-grade copper-silver porphyry project that features gold. It is located in the mining-friendly region of Pershing County in Nevada in the United States. The project is located 120 miles northeast of Tesla’s Giga factory. Bam Bam controls 100 percent of the Majuba Hill Project with extensive mineral and surface rights held by private ownerships, patented mining claims, and Federal Lode Mining claims. The property is accessible all year round through roads and features a favourable physical setting and climate.

Majuba Hill has had historic exploration dating back to the early 1900s with production continuing into the 1950s. Historic production in and around the project includes 2.8 million pounds of copper, 184,000 ounces of silver, 21,000 pounds of tin, 5,800 ounces of gold as well as lead and zinc reported. Majuba Hill has outcropping copper mineralization in the oxide cap. Today, the total potential for the project is more than 1 billion tons of sulfide oxide mineralization at grades as high as 0.4-0.6 percent of copper, 10-14 g/t of silver and 0.17-0.25 g/t of gold based on historic drillings. Surface sampling on Majuba Hill found copper as high as 7.2 percent and silver as high as 3 oz/t.

Bam Bam has conducted drilling, wide spread Drone Magnetic surveys, 3D GIS modeling, rock and soil sampling and deep IP/Resistivity geophysics at Majuba Hill. The Company recently completed a multi-phase drilling program on the property in 2020 that identified an oxide copper-silver mineralization body and target areas with the potential to significantly expand the mineralization prospect. The 2021 to 2022 exploration program is currently underway, including soil sampling which has already begun and drilling which is set to begin shortly.

Management Team

David Greenway – CEO & Director

David Greenway brings more than two decades of experience in managing, financing and developing growth strategies for various TSX Venture Exchange- and Canadian Securities Exchange-listed companies. Greenway has been involved in acquisitions, business valuations, investor relations and his key expertise lies in the management and development of junior public resource companies, especially in the mining and oil and gas sectors. He has held directorships, senior management and business development positions. Greenway was the CEO of Stamper Oil & Gas Corp., Veritas Pharma Inc., Chief Consolidated Gold Mines, SNS Silver Corp., Moneta Resources Inc. and Sterling Mining Company. Greenway also held a board position at Mountain View Conservation Centre. Greenway attended University in Bournemouth in England where he studied accounting and finance.

Natasha Sever – CFO

Natasha Sever is a CPA in both Canada and Australia with a Bachelor of Commerce from Edith Cowan University. She joins the Company with more than 10 years of experience in senior finance roles over a wide range of industries, including mining, retail and technology. Sever has held officer positions at many publicly-listed companies in both Canada and Australia and has a proven record of working in alignment with and to the benefit of the board and associated stakeholders. Sever has extensive experience with company financings as well as Toronto Stock Exchange and Australian Securities Exchange regulatory compliance. This experience will serve to ensure the Company manages its affairs transparently and properly.

Joel Warawa – VP Corporate Communications

Joel Warawa has over 20 years of experience in public and private businesses as a financial and marketing consultant. Warawa;s experience includes business development, negotiations, mergers and acquisitions and increasing brand awareness in the commodities, automotive dealerships and mining sectors. Warawa assisted in productivity and efficiency with the largest automotive group in Canada at the dealership level, including Audi, BMW, Infiniti and Mercedes-Benz. He also has experience running successful businesses, including owning and operating multiple small businesses throughout Canada.

Kelly Pladson – Corporate Secretary

Kelly Pladson has provided corporate governance and regulatory compliance services to many TSX Venture and CSE listed companies since 2009. Pladson has also served as the corporate secretary at many of these companies. She works closely with the company’s CEO and legal counsel in maintaining corporate records, managing the day-to-day operations of the company and ensuring the company’s filings with the securities commissions and exchanges are accurately filed and by their deadlines. Before 2009, Pladson was an assistant to an investment advisor for two years.

Yari Nieken – Director

Yari Nieken has an extensive range of public company and capital market experience. Nieken is a founder of Foremost Capital Inc. which is an exempt market dealer. Today, Nieken provides in-depth consulting for numerous publicly-listed issuers in the health care, mineral extraction, technology and wellness industry. Throughout the years, he has served as an officer of several public and private issuers, including holding board positions. His involvement in those companies led to numerous financings that raised substantial capital. He was formerly an investment adviser at Union Securities Corp. during which he gained significant knowledge in the public market. Nieken holds a Master of Business Administration (MBA) from the Sydney Graduate School of Management and a Bachelor of Arts (BA) from the University of British Columbia.

Bryson Goodwin – Director

Bryson Goodwin is a practiced international executive with over 25 years of experience in finance, management, investor relations and operations with both private and public companies. Goodwin has an operational, market and banking track record in the resource, oil and gas, technology and biotechnology sectors. He has been engaged by many resource, energy, cleantech and technology firms, including holding “C” level executive positions in the resource and energy sectors. Goodwin also sits on the board of several public and private companies. He is well known for his early involvement and corporate turnaround of Klondex Mines. Goodwin held an instrumental role in the transition from explorer to producer of Klondex Mines as well as its finance and marketing.

Brad Dixon – Director

Brad Dixon is an attorney based in Boise, Idaho and a partner with Givens Pursley LLP. He is the co-chair of the Givens Pursley Litigation Group and focuses his practice on a variety of complex commercial litigation matters. Dixon has 20 years of experience in trial procedures involving a variety of significant commercial disputes, including construction litigation, secured transactions, real estate, employment and natural resources. He is a graduate of Boise State University where he earned a Bachelor of Science in Political Science in 1997 with an emphasis on constitutional law and public policy. Dixon received his Juris Doctor from Willamette University College of Law in 2000 in Salem, Oregon.

John Ryan – Advisory Board

John Ryan has been an active entrepreneur in the resources sector for over 20 years. He has extensive experience in the natural resource sector having served as either officer or director of companies such as Bunker Hill Mining, Premium Exploration, Cadence Resources, High Plains Uranium, U.S. Silver Corporation and Western Goldfields Inc. Ryan has public company expertise and extensive executive experience with start-up companies. Ryan also provides valuable insights regarding mining and other operations. Ryan obtained a B.S. in Mining Engineering from the University of Idaho in 1985 and a Juris Doctor from Boston College in 1992.

John Percival – Advisory Board

John Percival is an accomplished entrepreneur and board member of several private and public mining companies in Australia, Canada and the United States. Percival previously served as general manager of investments with Barclays Bank New Zealand Ltd. and was a successful fund manager where he managed over $450 million. Recently, he has played an integral role in raising over $100 million for resource investments in both Australia and New Zealand.

Percival has over 50 years of experience in the financial markets with a focus on mining. He is considered an expert and specialist in investment strategies with a special interest in precious metals, commodity markets and global investments. His experience and well-established network have assisted in funding numerous private and public mining companies. He is considered by many to be a “go-to” source for advice on mining assets globally.

Dr. Mike Ressel – Advisory Board

Dr. Mike Ressel currently works with Mine Development Associates (MDA). MDA is a consulting company, a division of RESPEC, that conducts mineral resource studies for the mining industry. Before MDA, Ressel was an economic geologist and assistant professor for the Nevada Bureau of Mines and Geology at the University of Nevada, Reno (UNR). In these roles, Ressel led field-based studies and published numerous papers on ore deposits of the Great Basin, conducted quadrangle mapping, taught courses, advised graduate and undergraduate students in economic geology and engaged in extensive public service. Before UNR, Ressel spent more than 15 years working in mining and exploration. He was the chief geologist in North America at Newmont for several years. Before working at Newmont, Ressel worked in mine production and development as well as near-mine and generative exploration for Newmont, Kinross, and Victoria Resources in the Great Basin, Alaska and other parts of the U.S., Western Canada, Mexico, Africa and Australia. He also worked for 5 years in geotechnical and groundwater consulting. Ressel obtained his Ph.D. from UNR. He is a fellow with the Society of Economic Geologists and an AIPG certified professional geologist. Ressel is active in many professional geoscience and mining organizations.

Buster Hunsaker – Technical Advisor

Buster Hunsaker has been engaged in the exploration and evaluation of quality mineral deposits for 40 years in the Western United States, Mongolia and Argentina. In 1995, Hunsaker Inc. was formed as a full-service geological consulting business providing field services and all aspects of prospecting, early-stage exploration and project management for mineral exploration companies. Hunsaker Inc. has been retained by numerous junior Canadian mining and exploration companies as well as major Nevada gold companies, including Barrick Gold Corporation, Newmont Exploration, AngloGold Mining, Vista Gold and Kennecott. Before forming Hunsaker Inc., Hunsaker was employed by mid-size and major mining companies, including Newmont, Atlas Precious Metals and Echo Bay where he served as a project geologist, senior geologist, and chief mine geologist.

CSE Bulletin: Name & Symbol Change and Consolidation - Bam Bam Resources Corp.

CSE Bulletin: Name & Symbol Change and Consolidation - Bam Bam Resources Corp.

Bam Bam Resources Corp. (CSE: BBR) (CSE: BBR.WT) has announced a name and symbol change to Majuba Hill Copper Corp. (CSE: JUBA) (CSE: JUBA.WT) and a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares.

As a result, the outstanding shares of the company will be reduced to approximately 19,303,881 common shares.

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Bam Bam Begins Additional Soil Sampling at Majuba Hill Porphyry Copper Project

Bam Bam Begins Additional Soil Sampling at Majuba Hill Porphyry Copper Project

Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to announce that the expanded soil sampling program is underway for the Majuba Hill Project in Pershing County, Nevada. The program is designed to expand on the very encouraging results reported from the 2021 program (see Bam Bam News Release October 14, 2021). The 2021 soil sampling program expanded the DeSoto Copper Oxide Target and the Copper-Gold Target zones, however, the anomalous areas are still open to the northeast at the DeSoto and to the east of the Copper-Gold Target.

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Bam Bam Signs Contract with Core Driller for Springtime Drilling at Majuba Hill Copper-Gold Porphyry, Nevada

Bam Bam Signs Contract with Core Driller for Springtime Drilling at Majuba Hill Copper-Gold Porphyry, Nevada

Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to have signed a core drilling contract with Falcon Drilling, Inc. for the Majuba Hill Project in Pershing County Nevada. Falcon drilled at Majuba in 2020 and 2021. Drilling is planned to begin in mid-April.

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Bam Bam Resources Announces Deep Core Holes Point to Large Copper Porphyry Potential at Majuba Hill

Bam Bam Resources Announces Deep Core Holes Point to Large Copper Porphyry Potential at Majuba Hill

Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is very pleased to have discovered a granodiorite porphyry underlying areas where the Company has drilled significant copper. The discovery strongly supports the large scale copper deposit emerging from the historic mining and recent drilling.

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Cross Section 4502840N-Long Section Looking N09E

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Bam Bam Receives Exciting Copper Drill Assay Results with Silver, Gold, Moly, and Zinc at Majuba Hill Porphyry Copper

Bam Bam Receives Exciting Copper Drill Assay Results with Silver, Gold, Moly, and Zinc at Majuba Hill Porphyry Copper

Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to announce that all results have been received for the 2021 reverse circulation ("RC") and core holes. Copper, silver, molybdenum, zinc, and gold assays are very encouraging because they support the porphyry copper model that the Company has been developing.

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Majuba Hill - Looking North

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Lundin Mining Announces Updated Share Capital and Voting Rights

Lundin Mining Corporation Logo (CNW Group/Lundin Mining Corporation)

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

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Kiplin Metals Inc.

KIPLIN METALS Permitting Exploration Program on Cluff Lake Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

June 29 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") announces that the Company has applied for the requisite exploration permits for its Summer geophysical program at the Cluff Lake Road (CLR) Uranium Project in northwestern Saskatchewan. Approval for the proposed IP (Induced Polarization) program is expected in the near term. Data from the survey will be integrated with legacy datasets to develop targets for diamond drilling.

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Raising money is a key challenge for juniors in today's markets — and even when companies are able to secure funds, it's key to remember that not all financings are equal.

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Joe Mazumdar, editor of Exploration Insights, shared his thoughts on how investors can differentiate between good and bad financings.

Along with considerations like warrants, he told the Investing News Network that before buying shares of an exploration company it's a good idea to look at when it last went to market.

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Teck Named to 2022 Best 50 Corporate Citizens in Canada

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has been named to the Best 50 Corporate Citizens in Canada ranking as one of the top 50 companies in Canada for corporate citizenship. This marks the 16th consecutive year Teck has been named to the Best 50 by Corporate Knights.

"This acknowledgment is really a reflection of the dedication and passion of Teck's employees, who are focused on caring for people, communities and the environment in every aspect of their work," said Don Lindsay, President and CEO. "Teck is committed to being a positive corporate citizen while responsibly producing the materials needed to build a better quality of life for people around the world and support the low-carbon transition."

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Cyprium Metals Ltd $16m Placement and $10m Non-renounceable Entitlement Offer

Perth, Australia (ABN Newswire) - Cyprium Metals Ltd (ASX:CYM) is pleased to announce a capital raising via a placement and a pro rata non-renounceable rights issue to raise up to approximately $26 million before costs.

HIGHLIGHTS

- Firm commitments received for a Placement to raise $16M at 11.5 cents per share

- Additional pro rata non-renounceable entitlement offer to raise up to $10M

o 1 new share for every 8 held on the record date at 11.5 cents per share
o Offer will be open to all eligible Cyprium shareholders

- Funds raised will place Cyprium in a strong financial position to continue progressing the development of the Nifty Copper Project

- Equity raise supports recently announced $50M Offtake Prepayment Facility with Glencore

- Advanced discussions are continuing with Senior Debt counterparties

Managing Director Barry Cahill commented:

"The Board is very appreciative of the strong support shown from current shareholders and is pleased to welcome a number of new investors to the register.

Cyprium has made significant advances in the past 15 months both in terms of increasing the mineral resource estimate but also particularly in the areas of SX/EW and infrastructure refurbishment, government approvals and metallurgical optimisation.

With the completion of this capital raising, Cyprium will be able to continue to advance the senior debt financing, with the finalisation of the funding package enabling our construction plans and the production of copper metal plate on site in the second half of 2023."

The Company has received firm commitments in respect of a placement to issue approximately 139.1 million new shares (Placement Shares) at 11.5 cents each (Offer Price) to raise $16 million (Placement) from sophisticated and institutional investors.

The Company is also pleased to announce a non-renounceable pro rata entitlement offer at the Offer Price of one (1) new share for every eight (8) shares currently held by eligible shareholders to raise up to $10 million (Entitlement Offer).

The new shares to be issued under the Entitlement Offer will be issued at the same price as the Placement Shares.

Use of Funds

The Placement and Entitlement Offer proceeds will be applied as part of the funding strategy to finance the restart of the Nifty Copper Project which will aim to provide a sustainable, secure, and stable supply of copper metal at 25,000tpa.

As announced on 27 June 2022, Cyprium has entered into an exclusive Letter of Intent (LOI) with Glencore International AG for $50 million in respect of a copper cathode offtake secured prepayment facility, as part of the debt financing package for the restart of the Nifty Copper Project, which includes capital expenditure, contingencies, working capital, and financing costs. The LOI is a non-binding term sheet for both offtake arrangement and project funding and is part of the targeted AUD240 million to AUD260 million debt funding package to finance the restart of the Nifty Copper Project. The Company continues to advance discussions with senior debt providers who are undertaking due diligence activities and reviewing financing documentation.

Details of Placement

Pursuant to the terms of the Placement, the Company has agreed to issue approximately 139.1 million Placement Shares in the Company at the Offer Price of 11.5 cents per share to raise $16 million before costs, under the Company's existing placement capacity pursuant to ASX Listing Rule 7.1 (82,648,514 Placement Shares) and 7.1A (56,481,921 Placement Shares).

Subscribers for the Placement Shares will be entitled to participate in the Entitlement Offer.

Entitlement Offer

Under the Entitlement Offer, eligible shareholders will be able to subscribe for one (1) new ordinary share for every eight (8) existing fully paid ordinary shares held as at 5.00 pm (AEST time) on Friday, 8 July 2022 (Record Date) at the Offer Price.

The Offer Price represents a:

- 28.1% discount to last close on 27 June 2022;

- 19.6% discount to the 10-day VWAP up to and including 27 June 2022;

- 23.9% discount to the 15-day VWAP up to an including 27 June 2022; and

- 25.8% discount to the theoretical ex-rights issue price (TERP) to last close on 27 June 2022.

Cyprium will release a prospectus detailing the terms of the Entitlement Offer shortly, including details as to whether shareholders are eligible to participate in the Entitlement Offer and key risks (Prospectus). The Prospectus will include a personalised entitlement and acceptance form which will provide further details of how to participate in the Entitlement Offer.

Entitlements are non-renounceable and will not be tradeable on ASX or otherwise transferable. Shareholders who do not take up their entitlements will not receive any value in respect of those entitlements that they do not take up.

The Entitlement Offer will include a top up facility under which eligible shareholders who take up their full entitlement will have the opportunity to apply for additional shares from a pool of those not taken up by other eligible shareholders (Top Up Facility). In addition to the Top Up Facility, there will also be a general shortfall offer pursuant to which the Company may place any shares to non-eligible shareholders within three (3) months from the closing date of the Entitlement Offer.

Eligible shareholders should read the Prospectus carefully before making any investment decision regarding the Entitlement Offer. If you are in any doubt about the Entitlement Offer, you should consult your financial or other professional adviser.

Canaccord Genuity (Australia) Limited and Euroz Hartleys Limited are acting as Joint Lead Managers to the Placement. The fees payable to the Joint Lead Managers will be set out in further detail in the Prospectus.

Longreach Capital is acting as financial advisor and Steinepreis Paganin is acting as legal advisor to Cyprium.

*To view the capital structure post placement, please visit:
https://abnnewswire.net/lnk/009WA5D2



About Cyprium Metals Ltd:

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.



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Cyprium Metals Ltd

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