GRANITE CREEK COPPER LTD - GCXXF STOCK NEWS

Granite Creek Copper Ltd. (GCXXF) has amended the terms of its private placement financing and closed the first tranche, raising $113,000 through the issuance of 1,494,665 units at $0.075 each. Additionally, it plans to issue 2,000,000 flow-through shares at $0.11, potentially raising $240,000. Proceeds will support exploration at the Carmacks project and the newly acquired Star Project. The company anticipates an updated economic assessment for Carmacks by Q4 2022, positioning it as a competitive copper producer in North America.

Granite Creek Copper Ltd. has announced a non-brokered private placement financing of up to $640,000. This will include up to 5 million units priced at $0.08 and 2 million flow-through shares at $0.12. The proceeds will fund the exploration and development of its Carmacks copper-gold-silver project in Yukon and the newly acquired Star Project in British Columbia. The offering is subject to regulatory approval and all shares will have a statutory hold period of four months and one day.

Granite Creek Copper Ltd. (GCXXF) has announced the acquisition of the Star Cu-Ni-PGM project in northern British Columbia for $10,000 CDN and 500,000 common shares. This acquisition grants Granite Creek a 100% interest with no underlying royalties. Expected to close by August 30, 2022, pending TSX Venture approval, the project spans 2,500 hectares and is known for copper, nickel, cobalt, and precious metal mineralization. The acquisition aligns with the Canadian government's push for critical mineral exploration, enhancing Granite Creek's portfolio amidst ongoing developments in its primary Carmacks project.

Granite Creek Copper Ltd. (GCXXF) has appointed Geordan Clark as an Independent Director. Clark, a Yukon entrepreneur with an MBA and extensive project management experience, aims to strengthen relationships with local communities, particularly First Nations. President & CEO Tim Johnson emphasizes the importance of Clark's contributions to advancing the company’s Carmacks Copper project and its upcoming Preliminary Economic Assessment due in Q4. Additionally, the company granted 360,000 incentive stock options to directors and employees, exercisable at $0.10 per share until 2027.

Granite Creek Copper Ltd. has initiated its 2022 field exploration campaign at the Carmacks Cu-Au-Ag project in Yukon, Canada. The first phase involves a high-resolution, deep-penetrating Induced Polarization (IP) survey to locate extensions of the main mineralized areas. With a 2022 resource estimate of 36.2 million tonnes (1.07% CuEq), Granite Creek aims to identify additional mineralization potential. The company has prioritized three target areas for the IP survey, anticipating results that could enhance future drilling and resource assessment.

Granite Creek Copper Ltd. (GCXXF) has established a dedicated Community & First Nations Relations Team within the Metallic Group of Companies, appointing Lindsay Wilson as Manager. This initiative aims to enhance partnerships with local communities and First Nations, emphasizing a commitment to environmental, social, and governance (ESG) practices. The team will participate in the Arctic Indigenous Investment Conference on May 4-5, 2022, to promote indigenous businesses and support economic growth in the region.

Granite Creek Copper Ltd. (OTCQB:GCXXF) has announced the retention of SGS to conduct an updated Preliminary Economic Assessment (PEA) on the Carmacks project. The updated assessment will utilize a new resource estimate of 36.2 million tonnes, marking a 43% increase in contained copper. The project features an even split of oxide and sulphide resources, with 96% modeled in open pits, lowering cash costs. The CEO emphasizes the project's strategic location and the anticipated demand for copper and molybdenum in a low-carbon economy.

Granite Creek Copper Ltd. (GCXXF) released an updated mineral resource estimate for its Carmacks copper-gold-silver deposit, showing a 43% increase in contained copper, now at 36.2 million tonnes grading 1.07% CuEq. The estimate includes 302,000 ounces of gold and 3.79 million ounces of silver, with the first inclusion of 8.5 million pounds of molybdenum. The project remains open for expansion, supported by positive drilling results. An updated preliminary economic assessment is planned to evaluate the economics of processing oxide and sulphide materials.