Copper Lake Resources Ltd. reported high-grade silver results from its winter drill program, undertaken on its Marshall Lake copper-zinc-silver-gold volcanogenic massive sulphide (VMS) property (the “Property”), located northeast of Thunder Bay, Ontario. The silver assays reported herein, previously pending, are from drill hole MAR-22-01, the first deep hole drilled on a new discovery known as the VTEM/Deep IP discovery. Highlighting the results are 3 high-grade intervals returning 8.13% Cu, 0.05% Pb, 7.26% Zn, 240.80 g/t Ag & 0.33 g/t Au over 2.11 metres as well as 5.81% Cu, 0.01% Pb, 7.32% Zn, 171.20 g/t Ag & 0.02 g/t Au over 1.95 metres.

The third interval returned 2.37% Cu, 0.01% Pb, 1.75% Zn, 413.15 g/t Ag & 0.37 g/t Au over 6.00 metres. Included within this 6-metre intercept, is a higher-grade interval yielding 2.26% Cu, 0.01% Pb, 2.66% Zn, 1,580 g/t Ag (55.7 oz/t Ag³) & 1.28 g/t Au over 1.21 metres. Intersected widths are believed to be close to true widths.

A recently completed borehole electromagnetic survey (BHEM) by the Company, defined two strong to very strong conductors, situated approximately 325 metres below surface. These conductors are situated below and at greater depth than the high-grade intervals obtained in hole MAR-22-01. The presence of such strong conductors situated at depth and below high-grade mineralization is very encouraging as it confirms the potential for discovering much greater thicknesses of high-grade mineralization at depth.