Faraday Copper Corp. provided an exploration update at its Copper Creek project in Arizona, USA. Commenced a 10,000-metre ("m") Phase II Drilling Program on October 30, 2022, with the objectives of expanding the mineral resource, delineating high-grade zones and testing new generative exploration targets.

Drilling to date has intersected massive copper sulphide over approximately 15 m (from 234 m) as an extension to the Copper Prince breccia. Assay results are pending. Established a dedicated, generative team to focus on new discoveries outside of the Mineral Resource Estimate ("MRE").

Identified twelve generative target areas outside of the MRE. Identified eight priority exploration targets in proximity to the MRE which have the potential to expand the mineral resource footprint. Over 400 breccia occurrences have been mapped at surface, of which 14 have been included in the MRE and a total of 35 have one or more drill holes in them.

Breccias offer the potential to host high- grade, near-surface copper mineralization. A dedicated exploration team has been established to evaluate targets outside of the mineral resource area. Field work is ongoing including mapping, sampling and reconnaissance drilling.

Additionally, a detailed review of previous geophysical data is underway to evaluate the collection of additional geophysical data as well as an airborne spectral survey. A newly developed structural model highlights that the hydrothermal breccias and porphyries follow two principal northwest trends. The eastern trend is interpreted to follow the main Holy Joe thrust fault and contains the breccias and porphyry mineralization included in the MRE.

The western trend shows alteration characteristics consistent with a less deeply eroded part of the mineral system and is interpreted to follow a second order northwest striking thrust fault and remains under explored. High-grade breccia- hosted mineralization is known to occur in the southeastern extension of the western trend to the south of the Copper Creek Project, highlighting the prospectivity of this trend.