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To: Goose94 who wrote (52119)	4/16/2020 1:35:14 PM
From: Goose94	Read Replies (1) \| Respond to of 202922

Surge Copper (SURG-V) new 52 week high, 11 cents

To: Goose94 who wrote (52119)

6/4/2020 9:42:54 AM

From: Goose94

Read Replies (2) | Respond to of 202922

Surge Copper (SURG-V) Exploration Funds

June 4th 2020 - NR

Surge Copper announces a non-brokered private placement offering of up to 2,777,778 flow-through units (“Units”) at a price of $0.09 per Unit to raise gross proceeds of $250,000. Each flow-through unit is comprised of one common share, intended to qualify as a flow-through share under the Income Tax Act (Canada), and one-half share purchase warrant. Each whole warrant will entitle the holder to acquire an additional non-flow through common share of the Company at an exercise price of $0.12 per share for a period of three years from the closing date of the private placement.

In conjunction with this financing, the Company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval. The proceeds of the private placement will be used for exploration and related flow through eligible expenses at the Company’s Ootsa Property.

Dr. Shane Ebert President of Surge commented, “With this financing the Company plans to restart exploration at Ootsa focusing on the precious metal rich portions of the porphyry systems. A high resolution and deep penetrating 3D Induced Polarization survey is being planned to cover the entire Seel trend. This survey will be utilized, along with drill and surface data, to refine structural interpretation and aid targeting of higher-grade copper-gold zones associated with potassic alteration. One objective of the survey will be to try and identify the fault offset portion of the high-grade East Seel deposit. A deep looking short interval magnetotelluric (MT) survey will also be conducted over the Seel trend to help image the roots of the porphyry systems.”

The Ootsa Property is fully permitted, has an exploration camp on site, and contains excellent road access in addition to a network of secondary roads providing access to large portions of the property. This infrastructure allows for low cost all-weather exploration.

Ootsa Project Pit Constrained Mineral Resource Estimate at $8.50/t NSR Cut-off Value

Category	Tonnes (‘000’s)	CuEq %	Cu %	Au g/t	Mo %	Ag g/t	CuEq M lbs	Cu M lbs	Au K oz	Mo M lbs	Ag K oz
Measured	187,148	0.38	0.23	0.15	0.021	2.8	1,568	934	916	85	17,089
Indicated	37,041	0.35	0.21	0.12	0.023	2.8	286	175	146	19	3,368
M&I	224,189	0.37	0.22	0.15	0.021	2.8	1,854	1,109	1,062	104	20,457

The current technical report supporting the resource statement and PEA is available on SEDAR or the Company’s

About Surge Copper Corp.

The Company owns a 100% interest in the Ootsa Property, an advanced stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine. The property contains NI 43-101 compliant resources of 224 million tonnes in the Measured and Indicated categories with contained metals of 1.1 billion pounds of copper, 1 million ounces of gold, and 20 million ounces of silver as summarized in the table below.

On February 9, 2016, the Company announced a positive Preliminary Economic Assessment (PEA) for the Ootsa Property with potential for low capital cost, low risk and rapid pay back utilizing existing infrastructure in the district with a contract mining and toll milling scenario. The Company currently has no agreement in place to access the existing mining and milling infrastructure in the district.

The current technical report supporting the resource statement and PEA is available on SEDAR or the Company’s website at www.surgecopper.com and has an effective date of January 2016. The resource estimate uses $8.50 per tonne NSR cut-off value. Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. A ‘Measured Mineral Resource’ is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. Copper Equivalent (CuEq) calculations are based on base case metal price (US$3/lb Cu, US$1260/oz Au, US$10.30/lb Mo, and US$17/oz Ag) and process recovery assumptions, and take into account smelter payable rates and refining costs. M&I = measured and indicated. The resource update and Preliminary Economic Assessment was completed by P&E Mining Consultants Inc. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Shane Ebert”

President and Chief Executive Officer

For Further information, please contact:

Telephone: 250-964-2699

info@surgecopper.com

surgecopper.com

or

Don Mosher

Corporate Development

Telephone: 604-685-6465

don@surgecopper.com