World Copper Ltd. announced the Escalones Porphyry Copper Project (the "Escalones Project") is located 35km east of El Teniente, one of the world's large underground copper mines, and within the renowned Chilean porphyry copper belt that runs north-south in the central Andes Mountains. The Escalones Project covers an area of 161km2, of which (i) 46 km2 are covered by 19 exploitation concessions that are the subject of an option agreement between Chilean subsidiary of World Copper, TriMetals Mining Chile SCM ("TMI Chile"), and a third-party vendor for a 100% interest in the concessions; and (ii) 115km2 are covered by 40 exploration concessions, owned by TMI Chile. In June 2020, World Copper commissioned Hard Rock Consulting, LLC ("HRC") of Lakewood, Colorado to update a 2014 historical mineral resource estimate on the Escalones Project in compliance with National Instrument 43-101 ("NI 43-101"). The effective date of the updated mineral resource estimate is June 30, 2020. The updated mineral resource estimate is reported using a 0.24% CuEq cutoff and reports the Escalones Project as having pit-constrained Indicated resources of approximately 185 million tonnes of 0.33% copper (0.37% CuEq) and Inferred resources of approximately 254 million tonnes of 0.39% copper (0.43% CuEq), based on nearly 25,000m of drill core from 53 holes. Significant gold and silver accompany the copper. The mineralization sits within a 4km2 area of hydrothermal alteration comprising quartz-sericite, potassic, and calc-silicate alteration assemblages. Coincident copper, gold and silver geochemical anomalies are associated with porphyry-style mineralization (disseminated and fracture-fill) in granitic intrusions and hornfelsed sandstone, with additional replacement-style "skarn" mineralization hosted in outer flanking calcareous sedimentary rocks.