Surge Copper Corp. announced complete assay results for 4 holes from the Bergette target on the Company's Berg Property in British Columbia. These are the first holes drilled by Surge at the historic Bergette target and, combined with new geologic and geophysical work, are helping to demonstrate the potential of the large Bergette system.

Work at the Bergette target during 2022 included surface mapping and soil and rock sampling, five induced polarization geophysical lines, and four helicopter supported core holes. Assay results have been received for holes BGT22-01 to 04 from the Bergette target which tested geophysical and geochemical targets in addition to a known zone of historic mineralization. Holes BGT22-01 and 02 were drilled from the same drill pad, with BGT22-01 oriented vertically and BGT22-02 drilled toward the northeast at a 55 degree angle.

Hole BGT22-01 intersected 143 metres grading 0.23% copper, 0.010% molybdenum, and 0.03 g/t gold (0.29% copper equivalent) from 3 metres depth, including 55 metres grading 0.33% copper, 0.013% molybdenum, and 0.04 g/t gold (0.42% copper equivalent). Hole BGT22-02 intersected 176 metres grading 0.22% copper, 0.012% molybdenum, and 0.03 g/t gold (0.29% copper equivalent) from 8 metres depth, including 16 metres grading 0.53% copper, 0.034% molybdenum, and 0.05 g/t gold (0.70% copper eqivalent). Hole BGT22-02 is the longest intercept of significant mineralization (>0.2% copper) encountered at the Bergette property to date, the previous longest intercept was from a percussion hole drilled in 1972 which returned 106 metres grading 0.28% copper and 0.009% molybdenum (0.31% copper equivalent).

The 2022 drilling indicates known mineralization at Bergette is associated with moderate induced polarization chargeability response (9.5 to 14 mV/V) and moderate to high magnetic values, and is hosted in stockwork quartz veining containing magnetite-chalcopyrite-molybdenite-pyrite. Holes BGR22-03 and 04 did not encounter significant mineralization. Both holes targeted chargeability highs (>20 mV/V) with associated magnetic highs and both encountered magnetite bearing intrusions with or without minor pyrite.

Advanced modelling of the 2022 induced polaraization results from Bergette, in combination with surface and drill hole geology and the results from a 2021 district scale ZTEM survey is scheduled to commence shortly. This modeling will assist in future exploration and expansion efforts at the large Bergette system. Berg 2022 Exploration Summary: The Company drilled 38 holes for 15,300 metres of drilling across the Ootsa and Berg properties during the 2022 season, including 10 holes on various targets at the Berg property.

Results from 6 additional holes from the Sibola and Sylvia targets on the Berg property are pending. A total of 21 induced polarization geophysical lines were completed on multiple targets on the Berg property during 2022 along with surface mapping and soil and rock sampling. Final processing and interpretation of these results is in progress.