Universal Copper Ltd. announced the first drilling results from its 2021 diamond drilling program at the Company's Poplar Copper Deposit (“Poplar”), located southwest of Houston, British Columbia. Highlights: Hole 21-PC-133 – 479.75 metres at 0.56% copper equivalent (CuEq)– 0.408% copper, 0.013% molybdenum, 0.13 g/t gold and 2.89 g/t silver; including 68.25 metres at 0.655% copper, 0.016% molybdenum, 0.17 g/t gold and 2.92 g/t silver; and Hole 21-PC-132 – 186.35 metres at 0.436% copper, 0.019% molybdenum, 0.10 g/t gold and 1.72 g/t silver. Because of the disseminated nature of the mineralization at the Poplar Deposit, it is not possible to make a statement as to the true width for holes 21-PC-132 and 21-PC-133.

The 2021 Poplar drill holes were all drilled vertically, designed to test for continuity of copper-gold mineralization, test for extensions to depth, improve the understanding of mineralization geometry, and to infill gaps within possible high-grade mineralized volumes. The company plans to use the 2021 drill core material for metallurgical test work as well as geological/resource evaluation and testing going forward in 2022. Mineralization consists predominantly of pyrite, chalcopyrite and molybdenite associated with strongly altered intrusive rocks.

Pyrite and chalcopyrite occur as disseminations, stringers, veins, and veinlets in domains of strongly developed quartz vein stockworks and porphyry dikes. Molybdenite, where observed is almost exclusively associated with quartz-sulphide veins, typically pyrite and chalcopyrite, but sphalerite was also present in several veins. Potassic alteration of varying intensity and silicification were noted throughout 21-PC-133, consisting of biotite and K-feldpar, with zones of phyllic and propylitic alteration noted through the central section of the drill hole.

Biotite flooding was common in the upper portion of the hole. The entire length of core for 21-PC-132 and 21-PC-133 was sawn and sampled at continuous 3 metre or less intervals, with a few samples taken at shorter or longer intervals based on apparent lithological, alteration or mineralization contact. The program was supervised by independent geologist Ray Wladichuk, P.Geo.

Half of the core was bagged, sealed and securely stored until shipment to the laboratory. The other half was retained in a secure storage location. Certified reference standards, a certified reference blank, and sample duplicates were placed in the sample stream of each drill hole alternating at every 10th to 18th interval.

The secured and sealed samples were packed into rice bags, sealed and securely stored until they were turned over to the local trucking company for transport to the ALS Mineral Laboratory ("ALS") in North Vancouver, B.C. The North Vancouver lab holds an ISO/IEC 17025:2005 accreditation. All core samples were analyzed utilizing ALS's MEICP-61 procedure, a four-acid digestion of a one-gram sample with an ICP finish. All core samples were also analyzed utilizing ALS's Au-ICP21 procedure, a 30-gram gold fire assay with an ICP-AES finish.

Over limits were re-analyzed utilizing ALS's OG-62 procedure, an ICP-AES 4 acid procedure. In addition to Universal's third-party standards, a routine quality assurance/quality control (QA/QC) procedure monitored the analytical quality at the lab. Certified reference materials (CRMs), pulp duplicates and blanks were inserted into each lab batch of samples.

The Universal and ALS Lab QA/QC data showed no irregularities.