Vancouver - CAVU Mining Corp. (CSE: CAVU) (OTC: CAVVF) (FSE: 8NQ) ('CAVU' or the 'Company') is pleased to provide an update regarding its 5,000 m drill program on the Hopper copper-gold-silver-molybdenum project.

The program will test four high-priority targets. The Hopper project is located in the Traditional Territory of the Champagne and Aishihik First Nations.

'Crews are now onsite to prepare for the drill program', stated Dr. Jacob Verbaas, CEO of CAVU. 'The initial 5,000 m of drilling will start the delineation of the high-grade zone in Copper Castle, further the porphyry zone we discovered last year, and drill 2 targets that have never been drilled. We expect to be drilling by the second half of May'.

Copper Castle

The first phase of drilling in Copper Castle will further test high-grade zones associated with a geophysical anomaly that has not been fully tested along strike. The Copper Castle is a zone with up to 10 stacked shallow-dipping skarn horizons that are up to 20 m thick. The mineralized skarn horizons contain variable amounts of copper, silver, gold and molybdenum. Skarn mineralization in the Copper Castle zone occurs over an area of 1,350 x 650 m and over a 400 m vertical extent. The zone remains open both along strike and to depth, except to the north where it abuts the Hopper Intrusive Complex. Drilling in 2021 by CAVU was successful in extending mineralization to the south, highlighted by 22.28 m of 1.84% CuEq. in HOP21-DDH01 and 10.96 m of 1.76% CuEq. in Hole HOP21-DDH03. The EM anomaly likely correlates to semi-massive sulphides in the Franklin skarn, a mineralized horizon at shallow depth but may also be indicative of deeper semi-massive sulphides. For instance, hole HOP11-04 intersected 8.01 m @ 1.58% Cu, 0.84 g/t Au, 14.82 g/t Ag from 174.86 m, below the Franklin skarn.

Primary Porphyry Target

The first phase of drilling over the primary porphyry target is a 5-hole test. This porphyry target yielded an intersect of 0.22% Cu over 114.38 m during CAVU's first drill test of the zone. The drill hole intersected the altered propylitic margin of a mineralized porphyry intrusion. Geophysical and geochemical data indicate potential mineralization over a roughly circular area that is 1450 m in diameter. The aim of this 5-hole test is to determine 3D mineralogical and chemical vectors towards higher-grade mineralization for a second phase of drilling.

About CAVU Mining Corp.

CAVU Mining Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector. The Company is currently focused on the exploration of its Hopper Copper-Gold Project in Yukon which is under option for a 70% interest and continues to evaluate complimentary mineral projects in mining-friendly jurisdictions.

Contact:

Dr. Jaap Verbaas

Tel: 604-493-2997

Email: jverbaas@cavumining.com

Forward-Looking Statements

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission and the Ontario Securities Commission.

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