GRANITE CREEK COPPER LTD - GCXXF STOCK NEWS

Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) announced the appointments of Robert Sennott to its board and Peter Harris to its advisory board, as it progresses the Carmacks copper-gold-silver project in Yukon, Canada. François Lalonde will step down from the board to focus on his role at another venture. The company reported a 43% increase in resources at Carmacks, alongside acquisition of a significant 90+ million-pound molybdenum resource. Granite Creek aims to enhance oxide recovery and explore expansion opportunities, following recent geophysical and geochemical surveys. The management changes are expected to bring valuable expertise for development and production.

Granite Creek Copper Ltd. (GCXXF) announced an agreement to acquire a 100% interest in the Lucky Ship Molybdenum Project from two vendors. Under the terms, Granite Creek will issue 3,750,000 shares over three years and conduct significant exploration work to maintain mineral claims. The LS Molybdenum Project contains a historical resource of 92.6 million pounds of indicated molybdenum and is strategically located in British Columbia's mining region. CEO Tim Johnson emphasized the project's potential amidst rising molybdenum demand and highlighted synergies with their flagship Carmacks project, which has seen a 43% resource expansion since acquisition.

Granite Creek Copper Ltd. (TSX.V:GCX)(OTCQB:GCXXF) announced the filing of a National Instrument 43-101 technical report for its Carmacks project in Yukon, Canada. The report, named "NI 43-101 Technical Report on the Carmacks Project Preliminary Economic Assessment (PEA) Yukon, Canada," is effective as of January 19, 2023. Conducted by SGS Geological Services, it adheres to the National Instrument 43-101 Standards. Investors can access the report on the Company’s profile at www.sedar.com and on its website, www.gcxcopper.com.

Granite Creek Copper Ltd. (OTCQB: GCXXF) announced its participation in the inaugural Yukon Mining Alliance Invest Yukon Core Shack at the annual PDAC convention in Toronto from March 5-8, 2023. The company will showcase core samples from its flagship Carmacks Copper-Gold-Silver project at Booth #3314. Additionally, Granite Creek will engage with investors at Booth #IE3024 and sponsor the Invest Canada North reception on March 6. The Yukon Mining Alliance promotes mining opportunities in Yukon, highlighting its competitive advantages.

Granite Creek Copper Ltd. announced positive results from its Preliminary Economic Assessment (PEA) for the Carmacks Project in Yukon. The PEA showcases attractive economics with a pre-tax NPV of C$324 million at base metal prices and C$475 million at higher prices. Mine life is estimated at 9 years with capital costs around C$220 million. The project targets 7,000 tonnes per day and has lucrative exploration potential within 1 km of resources. The PEA emphasizes a low-carbon copper source, aligning with Canada's critical minerals strategy. A webinar is scheduled for January 24, 2023, to discuss these results further.

Granite Creek Copper Ltd. (GCXXF) announced positive metallurgical results for its Carmacks copper-gold-silver project in Yukon, Canada, supporting an upcoming Preliminary Economic Assessment (PEA). Testing by SGS Vancouver Metallurgy showed high recovery rates, with the sulphide/oxide blend achieving 82% recovery for copper. The metallurgical study solidifies a simplified froth flotation process, enhancing overall recoveries. Additionally, Granite Creek has granted 1,250,000 stock options to its team, set to expire on January 10, 2028. The PEA is expected to be released by the end of the current quarter.