Majuba Hill Copper Corp. announced that the Company has entered in to an agreement dated March 20, 2023 with Ruby Hollow, LLC to acquire a 100% interest in the Copper King and Desert Mountain Claim Group SW of the Tintic Mining District in Juab, Utah. The properties consist of 6,827.994 acres of highly prospective claims and leases.

Copper King and Desert Mountain Claims: The two claim blocks are situated approximately 90 km SW of Kennecott's prolific Bingham Canyon Mine Complex (just west of Salt Lake City, Utah) and 40 km SW of the Tintic Mining District which hosted some of the richest lead/silver mines in the state. The Copper King Claims is a greenfield project that hosts numerous quartz-specularite veins with occasional Cu-oxides, barite, and fluorite showings that increase in intensity along the western flank of the mountain range. A field program took place in 2020 that focused on collecting structural orientation data and geochemical grab samples of veins to provide further insight into the mineralizing system.

Geophysical anomalies outline potential targets for drilling the 5113.214 acre property. The Desert Mountain Claims is a block of land covered by the DMG claims, the Coyote Knoll claims, and a state section on west side of the claim block. There is alteration, mineralization, and jasperoids in the volcanic and Precambrian rock covered by the claims. There is a small mine on the property called the Coyote Mine with small production and reported 1000 ounces silver.

A review of the drilling, including creating cross sections of the drilling, indicates excellent drilling opportunities along a mostly east-west structure covered by the claims. Additional opportunities can be found north and south off this east-west structure. The overall block size is approximately 1,714.78 acres. The Transaction: In consideration for the Transaction and pursuant to the terms of the Purchase Agreement, and closing thereof, the Company will issue an aggregate of 3,000,000 common shares in the capital of the Company at a deemed price of $0.13 USD per share.

Pursuant to the Purchase Agreement, the Company has agreed to undertake and assume all obligations related to the Properties such as certain royalty interests and maintaining the Subject Property in good standing. The Consideration Shares will be subject to a four month and one day restriction on resale commencing on the closing date.