Maroochydore Copper – Cobalt Project Initial RC Drilling Results

Cyprium Metals Limited (“CYM”, “Cyprium” or “theCompany”) is pleased to report the results of the first round of assays that have been received from the 2021 Reverse Circulation (“RC”) drilling campaign at the Maroochydore Copper – Cobalt Project (refer to Figure 1).

HIGHLIGHTS

• Drilling further extends massive Maroochydore copper - cobalt resource potential
• Near-surface oxide copper/cobalt mineralisation extended to 3000 m long,up to 500m wide and up to 100mthick
• Sulphide copper - cobalt mineralisation 2,500m long (still open), up to 500m wide and up to 50m deep (still open)

Managing Director Barry Cahill commented:

“When I was at Maroochydore last year, I was absolutely blown away by the physical footprint of this shallow copper cobalt deposit, which is more than 3 kilometres in length and still open.

Maroochydore is a very exciting project and we are pleased to announce the results of our first round of RC drilling. These results reinforce the quality of this large copper-cobalt deposit. In addition, this drilling has increased the oxide-supergene resource potential further to the east.

The presence of fresh sulphide mineralisation at the base of hole 21MDRC018 is highly encouraging and demonstrates potential to expand the sulphide resource further along strike.

We look forward to the next round of assay results, targeting areas northwest along strike.”

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