Coppernico Metals Inc. announced the receipt of its Start of Activities Permit by its Peruvian subsidiary Sombrero Minerales S.A.C., which allows for the initiation of drilling activities at its Sombrero Project located in Ayacucho, Peru. The Permit is one of the final steps in the permitting process, with only the water permit outstanding which is expected shortly. The Company is in the process of identifying a drill contractor as it prepares for its inaugural drill program which will commence upon the completion of a financing and subsequent listing.

The groundwork activities that commenced in February are progressing as scheduled and will continue to support final drill target preparation and exploration across new targets. Highlights: The Permit covers an area of 972.92 hectares, in which the Company has mapped out several drill targets. The Permit provides for continued opportunities aimed at fostering sustainable development, skills development and financial returns via field work employment opportunities for community members.

The Company currently holds the environmental permit ("DIA"), enabling the drilling of up to 48 holes to be drilled from 38 drill pads within the Sombrero Main target area. Coppernico is exploring the continuation of the Andahuaylas-Yauri mining trend; the Sombrero Project hosts numerous direct analogues to significant mines on this trend (such as Las Bambas and Tintaya) where the same host rock and mineralization styles are observed. The Sombrero Main area is a highly prospective initial exploration target within nearly 100,000-hectare land position.

The target area represents approximately a 7-kilometer-long contact between intrusive rocks and altered limestone and sediments. Where exposed on surface, the contact zones feature broad areas of copper-gold mineralization and skarn alteration. The Permit allows the Company to drill test numerous priority targets situated within and around the Sombrero Main intrusive complex.

The Company's plans are to systematically drill and explore these targets, final drill pad locations will be confirmed prior to drilling. In an effort to expand the pipeline of highly prospective identified targets throughout the Sombrero land position, the Company is continuing to pursue additional permits and access agreements.