GRANITE CREEK COPPER LTD - GCXXF STOCK NEWS

Granite Creek Copper has announced the completion of work by GoldSpot Discoveries Corp. at its Carmacks project. Utilizing advanced AI technology, GoldSpot identified new exploration targets within the high-grade Minto copper belt in Yukon, Canada. Key highlights include re-interpreted geophysical data, new target generation, and enhanced geological modeling. Additionally, Granite Creek has granted stock options and settled $86,162 in debt through share issuance. The company plans to update its mineral resource estimate in Q1 2022.

Granite Creek Copper Ltd. (OTCQB: GCXXF) announced approval from TSX Venture to extend the expiry date of certain warrants originally set to expire on January 16, 2022, to January 16, 2023. These warrants, part of a financing completed in January 2019, allow holders to purchase shares at an exercise price of $0.20. If shares trade at $0.30 or above for 10 consecutive days, the company may accelerate the expiry. The company is focused on its Carmacks project in Yukon, Canada.

Granite Creek Copper Ltd. (OTCQB: GCXXF) will participate in a live webinar on January 13, 2022, featuring key achievements from 2021 and upcoming catalysts for 2022. CEOs from Granite Creek, Group Ten Metals, and Metallic Minerals will present followed by a Q&A session. The Carmacks project in the Minto copper district of Yukon is highlighted, with significant infrastructure support nearby. Registration for the event is available online.

Granite Creek Copper Ltd. (GCXXF) has announced a debt settlement of up to CAD$86,162 through the issuance of 344,648 common shares at a price of CAD$0.25 per share, pending TSX Venture Exchange approval. All shares will be subject to a hold period of four months plus one day. The company focuses on the Carmacks project in the Yukon Territory, which has advantageous access to infrastructure and is near the Minto copper-gold mine. This move aims to manage financial obligations and support ongoing operations.

Granite Creek Copper Ltd. (OTCQB:GCXXF) closed a $1.5 million non-brokered private placement, issuing 8,333,337 flow-through common shares at a price of $0.18 per share. Proceeds will fund eligible Canadian Exploration Expenses at the Carmacks project in Yukon. Insiders participated, acquiring 194,456 shares, exempt from formal valuation requirements. Finders received $91,000 in fees and 505,554 warrants at $0.27 for two years. The shares are subject to a four-month hold period and are not registered in the U.S.

Granite Creek Copper (OTCQB: GCXXF | TSX.V: GCX), located in Vancouver, BC, will present live at VirtualInvestorConferences.com on December 8, 2021, at 2:30 PM ET. Investors can participate and ask questions during this interactive online event. A recorded version will be available afterward. The company recently completed its largest drilling campaign at the Carmacks Copper-Gold-Silver project, with results pending, and is set to release an updated mineral resource estimate and a Preliminary Economic Assessment in Q1 2022.

Granite Creek Copper has announced promising results from its Carmacks copper-gold-silver deposit in Yukon. Conducted by Sedgman Canada and Mining Plus, the studies revealed effective extraction methods and successful metallurgical testing on sulfide material, achieving up to 95% copper recovery. A preliminary economic assessment (PEA) is anticipated in the first half of 2022, incorporating updated mineral resource estimates and mine planning strategies. Granite Creek's operations benefit from favorable infrastructure in the Yukon.

Granite Creek Copper Ltd. (OTCQB:GCXXF) has retained SGS Geological Services to conduct an updated NI 43-101 mineral resource estimate for its Carmacks copper-gold-silver deposit in the Minto Copper Belt, Yukon. This update will incorporate recent drilling from 2017, 2020, and 2021 to expand on the resources last published in 2017. The company anticipates that the resource update will significantly impact the project's economics, especially after a recent announcement regarding road construction to improve access to the Carmacks project, expected to enhance exploration efforts in 2022.

Granite Creek Copper Ltd. (GCXXF) announced the completion of Phase 1 of its 2021 drill program at the Carmacks project, highlighting assay results that exceeded expectations in zones 1, 2000S, and 13. Significant intercepts included 67.35m of 1.23% CuEq in Zone 1. The results are expected to boost the resource estimates and mine economics, especially with sulfide resources potentially extending mine life. The company plans an updated NI 43-101 resource estimate and mine plan to incorporate these findings. Further assays from Phases 2 and 3 are pending.