Copper Mountain Mining Completes Sale of the Eva Copper Project and the Australian Exploration Tenements

*CORRECTION – This press release corrects and replaces in its entirety the press release issued on December 15, 2022 (the "Original News Release"). The Company's estimated cash and cash equivalents, as at the closing of the Transaction and after payment of Transaction Fees and completion of the Bond Buyback, has been corrected and updated to approximately C$98 million (compared to approximately C$71 million in the Original News Release) to include, in connection with the Transaction, the repayment of intercompany debt owing to the Company of approximately US$19.8 million. The Original Press Release has also been updated to include the total cash received by the Company at closing of the Transaction of approximately US$149 million. No other changes were made from the Original Release.

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