Universal Copper completes carrot sampling at Poplar

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Vancouver, British Columbia, December 14, 2021 (GLOBE NEWSWIRE) – Universal Copper Ltd. (“ Universal Copper “ or the “Company”)
(TSX Venture Exchange: UNV )
(Frankfurt: 3TA 2 ) is pleased to announce all samples from its recently completed drilling program at the Poplar Copper project ( “Poplar” ), located southwest of Houston, British Columbia, have now been shipped to the ALS Minerals laboratory ( “SLA” ) in North Vancouver, British Columbia, for analysis.

As the year draws to a close and with the core in the lab, the Company expects it to release assay results from our three-hole, 3,000-meter program through January and February 2022. Once the results are over. published, the Company will initiate metallurgical testing with the six-hole material later in the first quarter.

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As previously mentioned, the permit extension for 2022 is underway, which will allow the Company to drill at an additional eighty (80) sites as we continue to move the poplar inferred resource to the indicated resource and work on increase resources in depth and to the west. The Company is reviewing exploration plans for the nine (9) priority targets across the property for drilling in the second quarter of 2022.

Clive Massey, CEO and President of Universal Copper commented: “ We anticipate a big year in 2022 , and we are incredibly happy at
ultimately have the nucleus in the laboratory and in the queue for
To analyse and results. V isible copper was observed in the nucleus at the time of its division. , and U.S are see ing forward to release the results as they are made available. I would like to mention, it is reported that the labs are very back ed at present as a function being busy as well as understaffed, which unfortunately leads to delays with obtaining results. “

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QA / QC

The entire length of the core was sawn and sampled at continuous intervals of 3 meters or less, with several samples being taken at varying intervals depending on the apparent lithological contact, alteration or mineralization. The program was overseen by independent geologist Raymond Wladichuk, P.Geo. from Waldo Sciences Inc. Half of the core was bagged, sealed and safely stored until shipment to the lab. The other half was kept in a secure storage location. Certified reference standards, dolomite blanks and duplicate samples were placed in the sample stream of each borehole alternately at every 10 intervals. The secure and sealed samples were packaged in rice bags, sealed and stored securely until handed over to the local trucking company for transport to the ALS Minerals Lab ( “SLA” ) in North Vancouver, British Columbia, ALS Minerals holds ISO / IEC 17025: 2005 accreditation and is independent of both Universal and Doctors Group, the supplier of the property.

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All core samples will be analyzed using ALS’s MEICP-61 procedure, a four acid digestion of a one gram sample with an ICP finish. All core samples were also analyzed using ALS’s Au-ICP21 procedure, a 30 gram gold fire assay with an ICP-AES finish.

About poplar

The 61,600 hectare Poplar Project is home to a current undiluted Indicated Mineral Resource of 152.3 million tonnes grading 0.32% copper, 0.009% molybdenum, 0.09 grams per tonne gold and 2.58 g / t silver and an inferred undiluted mineral resource of 139.3 million tonnes grading 0.29% copper, 0.005% molybdenum, 0.07 g / t gold and 4.95 g / t silver . The mineral resource estimate has a cut-off grade of 0.20% copper. Universal Copper cautions investors that mineral resources, which are not mineral reserves, have not demonstrated their economic viability.

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Poplar is in a historic mining area, 35 km from the Huckleberry Mine and 42 km from the Equity Silver Mine, where light snowfall will allow year-round work. The road accessible property is split in half by a 138 kVA hydroelectric line and is 88 km from Houston and 400 km from the Prince Rupert deep water port by rail.

Qualified person

The technical content of this new version has been reviewed and approved by R. Tim Henneberry, P.Geo. (BC) a member of the advisory board of the company and a qualified person under National Instrument 43-101.

About universal copper

Universal Copper Ltd. is a Canadian copper exploration company focused on the acquisition and exploration of copper properties. The Company’s management team has many years of experience in the exploration, finance and effective management of public companies. Universal’s current focus is to advance the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.

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For more information, please visit the company’s website at www.universalcopper.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”

Clive H. Massey

President and CEO

For more information, please contact:
Investor Relations
Telephone: (604) 341-6870

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release contains certain statements which may be considered “forward-looking” statements. Forward-looking statements are statements which are not historical fact and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to”. “,” Estimate “,” plans “,” potential “and similar expressions, or that events or conditions” will “,” would “,” could “,” could “or” should “occur. Although Universal Copper Ltd. Believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those of forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Universal Copper Ltd. on the date the declarations are made. Unless required by law, Universal Copper Ltd. assumes no obligation to update these forward-looking statements in the event that the beliefs, estimates or opinions of management, or other factors, should change.