ORECAP INVEST CORP - ORFDF STOCK NEWS

Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) provided updates on its portfolio companies, highlighting significant drill results and corporate developments:

1. Awale Resources reported high-grade gold intercepts at its Odienne project, including 20 g/t gold over 29m.

2. American Eagle Gold announced long, high-grade copper-gold intercepts from surface at its NAK project.

3. Mistango River Resources outlined a 28-hole drill program for its Omega Gold Project.

4. QC Copper & Gold established a working group with the City of Chapais for the Opemiska project.

5. Cuprum reported assay results showing significant copper equivalent grades over long intervals, indicating potential resource expansion at its K1 deposit.

Orecap Invest Corp. has announced notable results from Cuprum Corp's five drill holes at the Thierry copper project. Key highlights include a 114-metre intercept of 1.1% Copper Equivalent (CuEq) within a 171-metre interval grading 0.98% CuEq. Other significant results encompass 231 metres of 0.74% CuEq and 79 metres of 0.81% CuEq. Cuprum owns 100% of the Thierry Copper Project, Ontario's largest copper resource. Orecap holds 29.5 million shares of Cuprum Corp., while QC Copper, another Orecap portfolio company, owns 6 million shares. The drilling program suggests substantial potential for expanding the K1 Open Pit Zone, with the step-out holes revealing extended mineralization trends expected to continue beyond current depths.

The K1 deposit has a current inferred mineral resource of 53.6 million tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt, and 0.14 g/t Pd. An updated PEA from April 2022 for the Thierry underground deposit outlined a 14-year mine life, producing 567 Mlbs Cu and 21 Mlbs Ni, with an after-tax NPV6% of $287M and an IRR of 25%. Cuprum aims to further delineate open pit resources and evaluate a larger bulk tonnage scenario for the project.

Orecap Invest Corp. (TSXV: OCI, OTCQB: ORFDF) updates on Cuprum Corp.'s Thierry Copper Project, the largest copper resource in Ontario. Cuprum owns 100% of the project and recently raised $1.2M through financing rounds at 12 and 15 cents per share. Orecap holds 29.5 million shares in Cuprum, valuing its investment at $3.54 million.

Technical progress includes assays commissioned for five drill holes from the Summer 2023 program, with results for two holes already indicating significant copper mineralization. Cuprum has completed an updated NI 43-101 technical report and is validating historical data for future development.

The Thierry project boasts a 2021 NI 43-101 compliant resource and a 2022 PEA outlining a 14-year mine life, a $287M after-tax NPV, and a 25% IRR. Cuprum plans to further delineate resources, aiming for a bulk tonnage scenario. Cuprum has also applied for a grant that could match up to $200,000 of exploration costs.

Orecap Invest Corp. (TSXV: OCI) has received conditional acceptance from the TSX Venture Exchange for a Normal Course Issuer Bid to repurchase up to 23,316,772 common shares, aiming to create shareholder value by leveraging the perceived undervaluation of its shares. The repurchase program will run from April 2, 2024, to April 1, 2025, with Beacon Securities acting as the agent for the NCIB.

Orecap Invest Corp. (TSXV: OCI) reports exceptional assay results at Awale Resources Odienné Project, with 45.7 g/t gold over 32m from a new breccia pipe. The mineralization is consistently high grade, making it one of the highest-grade gold intersections in Africa. A follow-up drill program of 25,000 meters is planned for 2024. Orecap owns 8.3M shares and 4.2M warrants of Awale.

Orecap Invest Corp. announces the termination of the exploration, earn-in, and option agreement with Agnico Eagle Mines Ltd. The company maintains 100% interest in the McGarry, Mirado, and Knight properties in Kirkland Lake, Ontario. Orecap is excited to regain control of these strategic assets and plans to evaluate opportunities for their development.

Orecap Invest Corp. (OCI) announces that Awale Resources (ARIC), a portfolio company in which it owns 14.8% shares, has made a significant new greenfield gold-copper discovery on its Odienné Copper-Gold Project. The discovery, named BBM Target, shows broad gold and copper mineralization with excellent scope for rapid expansion. Newmont's strategic investments in Awale, including a direct investment of $957,530.90 in December 2023 and increased exploration spending by $750,000, reflect confidence in the project's potential. Awale's drill program is fully funded via an earn-in Joint Venture with Newmont Ventures, with Newmont retaining the option to earn-in to a minimum of 65% interest in return for $15 million of exploration expenditures.

Orecap Invest Corp. (OCI) Announces High-Grade Copper Intersect at American Eagle Gold's NAK23-17 Drill Hole and Strategic Investments by Teck Resources and C.J. 'Charlie' Greig

Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) is pleased to announce that QC Copper and Gold (TSXV: QCCU) (OTC: QCCUF), an Orecap portfolio company in which it owns 5 million shares, released an updated Mineral Resource Estimate (MRE) for the Opemiska Project in Quebec's Chapais-Chibougamau District. This MRE reflects a significant increase in grade and contained metal, attributed to extensive drilling and QC Copper's technical team's two-year recompilation and reinterpretation of geological data. With this MRE, Opemiska has the highest copper grade among open pit copper deposits, with over 1 billion pounds of copper contained in Canada.