VANCOUVER - CopperBank Resources Corp. ('CopperBank' or the 'Company') (CSE: CBK) is pleased to provide a corporate update and an outline on key deliverables for 2022.

Paul Harbidge, President and CEO stated: 'It has been an extremely busy four months since I stepped into the leadership role at CopperBank. The senior leadership team is now in place and I am excited to be working with this team of exceptionally talented individuals to transition the Company from an accumulator of copper projects, to one that aims to move the Copper Creek and Contact Copper projects up the value-chain through further exploration and technical work. Both projects have significant historical data with which to work and further optimize, and both projects benefit from excellent infrastructure, logistics and top-tier mining jurisdictions in Arizona and Nevada, respectively.

The rebranding of the Company is designed to better reflect the technical advancement of our assets and the future electrification and decarbonization of the world in which we live. This is the start of a new journey, and we look forward to providing further updates as we deliver on our strategic goals and advance these two exciting copper projects in low-risk political jurisdictions.'

Highlights

Experienced Leadership Team with a proven track record of delivery and value creation

Operations plan supported by an Environmental, Social, and Governance framework

Two advanced copper projects with development optionality in Tier 1 mining jurisdictions

Copper Creek, Arizona, offers open pit as well as bulk underground mining potential

Contact Copper, Nevada, offers low-cost heap leach SX-EW method of extraction

Significant exploration upside at both projects

Equity financing of $5.0 million completed in September 2021

Technical team mobilized to Copper Creek project

Diamond drill rig mobilizing to Copper Creek in February 2022

5,000m program to test both high-grade breccia and porphyry copper mineralization

Renaming of Company to Faraday Copper Corp[1] and applying to list on TSX.V[2]

The drilling program is designed to test previously undrilled areas between zones of known high-grade mineralization, confirm historic results, and obtain geotechnical information needed to advance mine design and planning.

About CopperBank

CopperBank is a Canadian exploration company focused on advancing two copper projects in The United States of America. The Company trades on the Canadian Securities Exchange under the symbol 'CBK'.

Contact:

Paul Harbidge

Tel: 778-987-2761

Email: pharbidge@copperbankcorp.com

Web: www.copperbankcorp.com

Cautionary Note on Forward Looking Statements

Some of the statements in this news release, other than statements of historical fact, are 'forward-looking statements' and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of CopperBank to be materially different from those expressed or implied by such forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the intention of the Company to apply to list its common shares on the TSX.V, the potential timing for the listing of CopperBank's common shares on the TSX.V, the intention to change CopperBank's name to Faraday Copper Corp., the timelines for the key milestones, the ability of CopperBank to complete an MRA and PEA, the exploration prospects and projected resources of the properties of CopperBank, future capitalization and market capitalization of CopperBank, development of and future drilling on the Copper Creek and Contact properties.

Although CopperBank believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which CopperBank does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Contact and Copper Creek properties and uncertainties with respect to any future acquisitions by CopperBank. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as 'Risk Factors' included in CopperBank's disclosure documents filed on and available at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in CopperBank in Canada, the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed or in any way passed upon this press release, and any representation to the contrary is an offence.

All of the forward-looking statements contained in this press release are qualified by these cautionary statements. CopperBank does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.

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