VANCOUVER, BC, August 23, 2022 /PRNewswire/ – Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the “Company” or “Copper Mountain”) announces that the Company has terminated the employment of Rodney A.Shier as Chief Financial Officer, effective immediately. Mr. Bradley Bolgercurrently Vice President, Finance of the Company, will become interim Chief Financial Officer.

About Copper Mountain Mining Corporation

Copper Mountain’s flagship asset is the 75% owned Copper Mountain Mine, located in the south British Columbia near the town of Princeton. The Copper Mountain mine currently produces approximately 100 million pounds of copper equivalent per year. Copper Mountain also owns the 100% owned development-stage Eva copper project. Queensland, Australia and a vast route of 2,100 km2 very promising land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol “CMMC” and on the Australian Stock Exchange under the symbol “C6C”.

Additional information is available on the company’s webpage at www.CuMtn.com.

On behalf of the Board of

COPPER MOUNTAIN MINING CORPORATION
“Gil Clausen”

Gil Clauseneng.
President and CEO

Caution Regarding Forward-Looking Statements

This document may contain “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this document, and Copper Mountain does not intend, and undertakes no obligation, to update these forward-looking statements, whether as a result of new information, events future or otherwise, except as required by applicable securities laws.

All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future events.

In certain circumstances, forward-looking statements can be identified, but not limited to, statements that use terminology such as “plans”, “expects”, “estimates”, “intends”, ” anticipates”, “believes”, “plans”, “direction”, planned”, “target” or variations of these words, or statements that certain actions, events or results “could”, “could”, “would” , “could”, “would occur” or “would be achieved” or the negative form of these terms or comparable terminology. In this document, certain forward-looking statements are identified, including production and cost forecasts, expected production at the Copper Mountain mine, expectations regarding the impact of the COVID-19 pandemic on operations, financial condition and the outlook, anticipated metal prices and the anticipated sensitivity of the Company’s financial performance to metal prices, the timing and results of the Company’s exploration and development programs, the timing of improvement and development projects optimization of the Company’s plant at the Copp Mountain mine, the timing of the commissioning of the first four Trolley Assist haul trucks at the Copper Mountain mine, the timing of the updated mineral reserve estimate and mineral resources and the new Copper Mountain mine life plan, the timing of detailed engineering completion of the Eva project, the schedule of studies es, announcements and analysis, events that could affect its operations and development plans, expected operating cash flow and related cash requirements, the expected effect of external factors on revenues, such as commodity prices, mineral reserve and resource estimation, mine life projections, reclamation costs, economic outlook, impact of inflation, government regulation of mining operations and business and acquisition strategies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the successful exploration of the Company’s properties in Canada and Australiamarket price, continued availability of capital and financing and general economic, market or business conditions, extreme weather events, material and labor shortages, reliability of historical data referenced herein and the risks disclosed in Copper Mountain’s public filings, including each MD&A, filed on SEDAR at www.sedar.com. The potential effects of the COVID-19 pandemic on Copper Mountain’s business and operations are unknown at this time, including Copper Mountain’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which Copper Mountain operates and its ability to continue working safely. operate and return the business safely to normal operations. The impact of COVID-19 depends on a number of factors beyond the Company’s control and knowledge, including the effectiveness of measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the ever-changing illness and restrictions related to mining activities and travel in certain jurisdictions where Copper Mountain operates. Although Copper Mountain has attempted to identify important factors that could cause the Company’s actual results, performance, achievements and opportunities to differ materially from those described in its forward-looking statements, there may be other factors that cause the results, performance, achievements and opportunities of the Company not to be as anticipated, estimated or intended. Although the Company believes that the information and assumptions used in the preparation of forward-looking statements are reasonable, undue reliance should not be placed on such statements, which speak only as of the date of this press release, and no no assurance can be given that such statements of events will occur within the time periods disclosed or at all. Accordingly, readers should not place undue reliance on the Company’s forward-looking statements.

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SOURCE Copper Mountain Mining Corporation