CopAur Minerals Inc Arranges Financing For The Bolo Property

Vancouver, December 13, 2021 - CopAur Minerals Inc. (TSXV: CPAU) ("CopAur Minerals Inc." or the "Company") is pleased to announce that, further to its press release dated December 3, 2021, it has granted a loan of up to US$840,000 (the "Loan") by way of a convertible promissory note dated December 10, 2021 (the "Convertible Note") to New Placer Dome Corp. (TSXV: NGLD)("New Placer Dome"), the proceeds of which will be used by New Place Dome to fund its ongoing exploration work on the Bolo Property and to meet its 2021 work expenditure commitment on the property.

The Loan has a term of one year and will bear interest at an interest rate of 10% per annum calculated and compounded monthly. Subject to TSX Venture Exchange approval, the Loan is convertible into units of New Placer Dome ("Units") at Cdn $0.08 per Unit: (i) at the option of CopAur at any time on or subsequent to May 31, 2022, or earlier as a result of certain events; or (ii) at the option of the Company on or subsequent to the maturity date of the Loan. Each Unit will consist of one common share of New Placer Dome and one common share purchase warrant with each warrant exercisable into one common share of New Placer Dome at a price of Cdn. $0.12 per share for a period of 36 months. CopAur has the ability to accelerate repayment of the principal amount of the Loan in the event of the occurrence of certain customary default events.

The Convertible Note is subject to a four month and one-day restricted resale period expiring on April 11, 2022, in accordance with the policies of the TSX Venture Exchange and applicable securities law. All securities issuable under the terms of the Convertible Debenture will similarly be subject to a four month and one-day restricted resale period.

The Bolo project, located 90km northeast of Tonopah, Nevada, is one of three projects within New Placer Dome Corp. (TSXV: NGLD).

About CopAur Minerals Inc.

CopAur Minerals is a Canadian based TSXV-listed copper-gold mining company whose primary asset is the 100%-owned Williams Gold-Copper property ("Williams" or "the Property") that spans across 5,159 hectares of land package in Northeastern British Columbia. Williams is a highly prospective exploration property which hosts a large, partially tested 3 km by 2 km gold-in-soil anomaly and an early stage 1.8 km wide copper porphyry target. Historical work on Williams includes 6,759 meters of diamond drilling over 31 holes, rock and soil sampling, trenching and geophysical surveys. CopAur Minerals remains focused on continuing exploration at the Property.

Qualified Person

The scientific and technical information contained in this news release regarding CopAur Minerals Inc. has been reviewed and approved by Alvin Jackson P. Geo, a Director of CopAur Minerals Inc. and a "Qualified Person" as defined in National Instrument 43-101.

For more information, please contact:

CopAur Minerals Inc.
Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: jeremyy@copaur.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

FORWARD-LOOKING STATEMENTS

This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, the timing and receipt of required stock exchange and regulatory approvals for the Convertible Note and other statements relating to the technical, financial and business prospects of the Company and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, decrease in the price of gold and other metals, failure to maintain all necessary government permits, equipment failures, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, approvals and authorizations, failure to maintain community acceptance, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107453