New High-Grade Copper and Gold Trend at Fortuna Project with up to 4.16% Cu And 48.3g/t Au

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to announce that it has identified a new copper-gold trend extending for 1.1km along strike and containing high-grade rock chip samples assaying up to 4.16% Cu and 48.3g/t Au at the Piedra Dura Prospect within its Fortuna Project (the Project).

HIGHLIGHTS

• The first field program has been completed at the Piedra Dura Prospect, returning high- grade copper and gold rock chips from surface and identifying a 1.1km long by 100m wide copper-gold structure.
• Assays returned up to 4.16% Cu and 48.3g/t Au, with 31 of the 47 rock chip samples collected returning assays of greater than 1% Cu.
• Drilling to commence at El Quillay during November 2023.

Figure 1: Plan view of the Piedra Dura Prospect showing surface sampling copper results.

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“These are outstanding results from our first exploration program at Fortuna with high- grade outcropping copper and gold mineralisation discovered at Piedra Dura in a parallel structure to that previously identified at Vaca Muerta and El Quillay.

“To find high-grade outcrop on surface grading up to 4.16% Cu and 48.3g/t Au highlights the enormous potential of the Project.

“We acquired the Fortuna Project to complement the Lana Corina Project and build on our district copper strategy. These results clearly demonstrate the potential for an additional discovery proximal to Lana Corina. Exploration programs are continuing, with drill programs planned to further test the potential of Fortuna”.

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