Cooper Metals Limited announced the signing of a Binding Term Sheet (BTS) for the acquisition of tenement application EPM28087 from Revolution Mining Pty Ltd. (Revolution). This acquisition expands the Mt Isa East Copper Gold Project within the highly prospective Mt Isa Inlier. EPM28087 is located just ten kilometers to the northeast of CPM's existing tenure.

Significantly, EPM28087 covers part of the Mary Kathleen Domain, a highly prospective structural Domain for Cu-Au deposits. As an example, the Barbara Cu-Au deposit is located just 1.8km west of EPM28087 and Carnaby Resources recent discoveries at Nil Desperandum and Lady Fanny are also located in the Mary Kathleen Domain just to the south of Cooper's existing tenure. The acquisition of EPM28087 is consistent with the Company's strategy to explore and discover Cu-Au deposits in the highly prospective Mt Isa Inlier and further enhances the value of the Mt Isa East project as a `bolt-on' tenement to the district-scale exploration program currently underway.

Cooper firmly believe the tenement geology has all the right attributes to host Cu-Au mineralisation. The tenure is close to existing infrastructure, with potential for third party processing options. A review of regional geology by CPM geologists has identified a network of regional shear zones developed in favorable structural settings and lithologies for Cu-Au deposits.

Cooper's strategy is to systematically explore these areas utilizing modern geophysics and geochemistry to rank prospects ahead of drill testing. Next Steps: Cooper will continue to conduct desktop evaluation and review of EPM28087, to identify potential Cu-Au targets in readiness for grant of the tenement. Cooper has commenced exploration on the Mt Isa East Project in late 2021 and is planning ground geophysics at the King Solomon and Python Prospects to commence in early 2022.