Ownership of the property Joe Mann

TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) — Dore Copper Mining Corp. (the “company” or “Golden copper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is pleased to announce that there has been an agreement (the “amendment agreement“) on October 28, 2022 amending the Earn-in Option Agreement (the “option agreement“) dated January 2, 2020 between the Company and Resources Jessie Inc. (“Jessie Resources‘), under which the Company has an option to acquire the Joe Mann Property (the ‘Property‘) by Resource Jessie, as previously announced on January 2, 2020. The Joe Mann Mine, located 60 kilometers south of Chibougamau, Quebec, produced 1.12 million ounces of gold at an average grade of 8.26 g/t from the 1950’s through 2007¹. The deposit has an inferred resource of 680,000 tonnes grading 6.78 g/t Au and 0.24% Cu, which is included in the Company’s Preliminary Economic Assessment (PEA) announced on May 10, 2022 for its Hub-and -Spoke operation was included².

Under the terms of the Amendment Agreement, the Company has agreed to accelerate final scheduled cash and stock payments under the Option Agreement. The Company has made the final scheduled cash payment of $1,500,000 to Resources Jessie (satisfying its scheduled cash payment obligations) and will issue 3,333,333 common shares in the Company’s capital (“common shares“) to Legault Metals Inc. (“Right‘) at an assumed price of $0.30 per common share for an aggregate value of $1,000,000 upon acceptance by the TSX Venture Exchange (which satisfies all proposed stock payment obligations). The deadline for the Company to complete the remaining exploration expenditures on the property totaling approximately $830,000 has also been extended to February 28, 2023.

Upon completion of scheduled cash and share payment obligations, Resource Jessie will proceed with the transfer of the property to…