Vancouver, British Columbia, Canada, January 24, 2023 – Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the “Company” or “Allied Copper”), is pleased to announce that it has filed a technical report for its Rainbow Lake property titled “Geological Introduction to Volt Lithium Corp.’s Rainbow Lake Upper Keg River Formation Lithium-Brine Project in Northwest Alberta, Canada” with an effective date of December 14, 2022 (the “Report”), in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The Report is available on Allied Copper’s issuer profile on SEDAR at www.sedar.com.
The Report was prepared by D. Roy Eccles, MSc., P. Geol., P. Geo, of APEX Geoscience Ltd., who is independent of the Company and the property, is a “qualified person” as defined in NI 43-101, and has reviewed and approved the contents of this press release.
The Company acquired the Rainbow Lake property pursuant to the previously announced acquisition of Volt Lithium Corp., which completed on December 9, 2022.
About Allied Copper
Allied Copper (TSX-V: CPR, OTCQB: CPRRF), is a growth-oriented, battery-metals focused exploration company whose strategy is to acquire and develop low-cost and potentially high-growth battery metals assets that represent key inputs needed to support the global energy transition, located in ESG-friendly jurisdictions. Allied Copper’s core assets include a partnership agreement to earn-in on the copper-focused Klondike Property in Colorado, and via the Company’s wholly-owned subsidiary, Volt Lithium Corp., approximately 400,000 acres of mines and minerals permits in the Rainbow Lake area of Alberta, specifically targeting lithium found in the brines of the Keg River formation. Allied Copper is committed to operating efficiently and with transparency across all areas of the business and are sharply focused on creating long-term, sustainable value for shareholders. Investors and other interested parties are encouraged to subscribe for Allied Copper’s news releases and other corporate updates by visiting the Company’s website: www.alliedcoppercorp.com.
On behalf of the Board of Directors of Allied Copper Corp.
Mr. Warner Uhl
+1 (778) 835-3753
For Investor Relations inquiries or further information, please contact:
CEO and Director
Cell: +61 (431) 920 389
Forward Looking Statements
This news release includes certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. Statements, other than statements of historical fact, may constitute forward looking information and include, without limitation, Allied Copper’s strategic focuses; Allied Copper’s commitment to operating efficiently and with transparency across all areas of business; and Allied Copper’s focus on creating long-term, sustainable value for shareholders. Forward-looking statements and forward-looking information also include any statements relating to future mineral production, liquidity, enhanced value and capital markets profile of Allied Copper, future growth potential for Allied Copper and its business, and future exploration plans. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the ability of the Company to execute on its strategic goals. Assumptions have also been made regarding, among other things, the price of copper, lithium and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Allied Copper’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms, that the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary
statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.