Faraday Copper Reports Near-Surface Copper Mineralization in 14 Drill Holes, Increasing Confidence in Future Resource Growth

VANCOUVER, BC / ACCESS Newswire / September 3, 2026 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of 23 drill holes from its Phase IV drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). Eight holes were drilled near Copper Giant and targeted near-surface copper mineralization; five holes were drilled in the American Eagle area targeting near-surface mineralization and one previously undrilled breccia trend; three holes were drilled in the Old Reliable area targeting structural trends west and north of the known mineralization; six holes were drilled near Mammoth and Childs Aldwinkle and had infill and geotechnical objectives; and one hydrogeological hole was drilled in the southern part of the property, near the Sunrise trend (Figure 1).

Paul Harbidge, President and CEO, commented, "These results from our Phase IV drill program continue to support the potential to expand near-surface mineralization at Copper Creek. This is highlighted by intercepts at the American Eagle area, including mineralization in a previously undrilled breccia and porphyry trend. Additionally, the copper oxide mineralization intersected east of Copper Giant further supports the potential for additional near-surface oxide resources, which could enhance the opportunity for future copper cathode production. With resource definition drilling now complete, we will incorporate these results into our next mineral resource update planned for next year."

Highlights

• Intersected near-surface mineralization in 14 drill holes, expanding both oxide and sulphide mineralization.

• Four drill holes at American Eagle intersected chalcocite and chalcopyrite mineralization, including:

  • 19.00 metres ("m") at 0.55% copper from 42.00 m in drill hole FCD-26-192 in a previously undrilled breccia and porphyry trend 350 m south of the American Eagle breccia, highlighting potential for resource expansion.

  • 20.00 m at 0.52% copper from 149.00 m in drill hole FCD-26-184 and 31.00 m at 0.25% copper from 28.00 m in drill hole FCD-26-183. Both holes were drilled at a shallow angle and identified mineralization above the high-grade Banjo breccia.

• Four shallow drill holes east of the Copper Giant breccia define an extensive area of near-surface oxide mineralization, with intercept lengths ranging between ~50 m and ~100 m.

• Additional mineralized intercepts in infill holes include 14.33 m at 0.56% copper from surface in FCD-26-185 near the Pole breccia and 40.00 m at 0.32% copper from 20.00 m in hole FCD-26-163 north of Childs Aldwinkle.

(For true width information see Table 1)

Figure 1: Plan View Showing Surface Geology and Location of Drill Holes

Note: The open pit shells are based on constraints used in the Mineral Resource Estimate ("MRE") as presented in the Copper Creek Project Technical Report¹.

American Eagle area

The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m and is host to numerous prospective breccias and porphyries. These surface expressions are located above the large underground porphyry mineral resource¹. Previous drilling resulted in the discovery of the Banjo, Winchester and Prada breccias. The approval of the Exploration Plan of Operations by the Bureau of Land Management in June 2025, together with a drill rig capable of shallow angle drilling, allows testing for near-surface mineralization.

Drill hole FCD-26-172 was collared north of the American Eagle breccia and drilled to the north. The hole intersected granodiorite, except for a breccia domain from 18 m to 33 m and porphyry from 89 m to 95 m. The breccia domain is characterized by quartz-sericite alteration with pyrite cement and minor chalcocite. The granodiorite hosts porphyry style veins with copper mineralization in chalcopyrite and chalcocite together with pyrite.

Drill hole FCD-26-182 was collared northeast of American Eagle breccia and drilled to the southeast, targeting the shallow part of the Boomerang breccia. The hole starts in granodiorite and intersected porphyry from 34 m to 43 m followed by breccia to 56 m. After another interval of granodiorite the hole entered breccia from 83 m to 117 m before going back into granodiorite. The breccia domains are characterized by intense sericitic alteration, pyrite occurring in breccia cement and disseminated. Trace chalcopyrite and chalcocite are observed both in breccia cement and porphyry-style veins. The sulphide mineralogy suggests the Boomerang breccia was intersected in the pyrite domain, above potential copper mineralization.

Drill hole FCD-26-183 was collared northwest of Banjo and drilled to the southeast targeting near-surface mineralization above the high-grade Banjo breccia. The hole intersected granodiorite for its entire length except for a short breccia interval from 45 m to 50 m. Mineralization occurs as chalcocite with chalcopyrite together with pyrite in porphyry-style veins and to a lesser extent in breccia cement or disseminated.

Drill hole FCD-26-184 was collared at the same location as FCD-26-183 and drilled to the south, targeting near-surface mineralization. The hole intersected granodiorite except for a short porphyry interval from 4 m to 6 m and breccia from 11 m to 13 m. Mineralization consists of chalcocite and chalcopyrite hosted in porphyry-style veins.

Drill hole FCD-26-192 was collared 350 m southwest of the American Eagle breccia and drilled to the south, targeting a breccia and porphyry trend. The hole starts in porphyry to 24 m and enters a zone of alternating hydrothermal breccia, granodiorite and porphyry to 100 m. Granodiorite with porphyry intervals dominates to 171 m, followed by a zone of porphyry and hydrothermal breccia to 217 m. The hole terminates in granodiorite. Quartz-sericite-pyrite alteration is moderate to intense in breccia and porphyry intervals. Mineralization occurs as chalcopyrite and chalcocite together with pyrite in porphyry style veins and as breccia cement.

Copper Giant East

Recent drilling (drill hole FCD-26-173 reported in a news release dated June 24, 2026) in an area approximately 300 m east of Copper Giant demonstrated the presence of copper oxide mineralization associated with a porphyry intrusion characterized by localized breccia. This constitutes a previously unknown area of copper oxide mineralization, herein referred to as Copper Giant East. Four holes detailed below contain copper oxide mineralization over 48 m to 100 m downhole length, defining an extensively mineralized area exposed at surface.

Drill hole FCD-26-180 was collared east of Copper Giant and drilled to the southeast, testing a previously undrilled area for copper oxide mineralization. The hole intersected porphyry to 164 m and granodiorite to the end of the hole. Within the porphyry, which is largely oxidized, a variety of breccia domains are observed. Copper occurs as chrysocolla, malachite and tenorite as fracture coatings and disseminated at the start of the hole and as trace chalcopyrite with chalcocite near the end of the hole.

Drill hole FCD-26-181 was collared at the same location as hole FCD-26-180 and drilled to the southwest. The hole intersected porphyry for the first 19 m with granodiorite to 132 m and igneous cemented breccia to the end of the hole. Copper mineralization occurs as chrysocolla, malachite and tenorite as fracture coatings in the first 74 m of the hole. Trace chalcocite and chalcopyrite are observed below that depth.

Drill hole FCD-26-190 was collared east of Copper Giant and drilled to the northwest, targeting near-surface oxide mineralization. The hole intersected porphyry for its entire length. Mineralization is present as black copper-manganese oxides, as well as malachite and chrysocolla as fracture coatings over the entire length of the drill hole.

Drill hole FCD-26-191 was collared east of the Hilltop breccia, near Copper Giant and drilled to the southwest. The hole intersected porphyry with intervals of igneous breccias from 59 m to 69 m, 108 m to 114 m, 136 m to 144 m, and 165 m to 171 m. Mineralization occurs in porphyry style veins as malachite, chrysocolla, black manganese-copper oxides and trace chalcocite.

Copper Giant West

The area to the west and north of Copper Giant is characterized by local occurrences of breccia and copper oxide, as well as widespread moderate hydrothermal alteration affecting porphyry and glory hole volcanics. A series of holes were drilled to test the potential of this area.

Drill hole FCD-26-176 was collared west of Copper Giant and drilled to the southwest. The hole starts in Glory Hole volcanics and drilled alternating volcanics, porphyry and igneous breccia to 145 m. From there to the end of the hole, it intersected granodiorite. Mineralization occurs as trace chalcopyrite together with pyrite in porphyry-style veins.

Drill hole FCD-26-177 was collared at the same location as FCD-26-176 and drilled to the northeast. The hole starts in Glory Hole volcanics to 42 m, followed by granodiorite to 65 m. From there to the end of the hole, different breccia types alternate with volcanics and porphyry. Mineralization occurs over short intervals as chalcopyrite with pyrite and minor chalcocite in porphyry-style veins and disseminated.

Drill hole FCD-26-178 was collared west of Copper Giant approximately 40 m south of hole FCD-26-176 and drilled to the southeast. The hole started in breccia to 3 m, followed by porphyry to 14 m and again breccia to 23 m. Ather that, the hole entered Glory Hole volcanics to 120 m and granodiorite to the end of the hole. Copper mineralization occurs as malachite, tenorite and chrysocolla within the breccia domain at the start of the hole. Trace chalcopyrite and pyrite are present in porphyry style veins within the granodiorite.

Drill hole FCD-26-179 was collared at the same location as FCD-26-178 and drilled to the northwest. After a short interval of breccia to 9 m, the hole entered porphyry to 94 m, followed by Glory Hole volcanics and local occurrence of breccia to the end of the hole. Tenorite and chalcocite are observed in the first 10 m of the hole. Trace chalcopyrite and pyrite are present for the remainder of the hole, with narrow intervals of chalcopyrite-rich porphyry-style veins.

Old Reliable West

West-trending veins with locally intense sericite alteration and local breccia occurrences are observed west of the Old Reliable breccia. This area has been tested by three drill holes and only pyrite with minor chalcopyrite mineralization was intersected.

Drill hole FCD-26-165 was collared west of Old Reliable and drilled to the southwest. The hole starts in porphyry and enters a zone of hydrothermal breccia with domains of Glory Hole volcanics at 46 m to the end of the hole. Pyrite occurs with minor chalcopyrite in veinlets, breccia cement and disseminated.

Drill hole FCD-26-166 was collared west of Old Reliable and drilled to the east. After 5 m of granodiorite the hole entered breccia to 56 m, followed by porphyry and short breccia intervals to 123 m before entering Glory Hole volcanics to the end of the hole. Pyrite occurs together with trace chalcopyrite in porphyry-style veins and to lesser degree disseminated.

Drill hole FCD-26-186 was collared north of Old Reliable and drilled to the north. The intersected Glory Hole Volcanics to 35 m, followed by granodiorite. Breccia is present from 53 m to 58 m. Sulphides include trace chalcopyrite and chalcocite which occur together with pyrite in porphyry style veins.

Drill holes in the Mammoth and Childs Aldwinkle area

In addition to the Mammoth and Childs Aldwinkle breccias, several smaller breccia occurrences and vein zones, some with copper oxide at surface, are observed in this area. Several holes were drilled to increase drill data between the principal breccia bodies.

Drill hole FCD-26-163 was collared northwest of Childs Aldwinkle and drilled to the north. The hole was designed to test a previously undrilled area south of the Pole breccia. The hole started in granodiorite and intersected porphyry from 12 m to 45 m and breccia to 58 m, before entering granodiorite to the end of the hole. Mineralization is present as chalcopyrite which occurs together with pyrite and trace chalcocite, both disseminated and in porphyry style veins.

Drill hole FCD-26-175 was collared approximately 200 m north of Childs Aldwinkle and drilled to the southwest, targeting an area with limited drilling. The hole intersected granodiorite to 60 m, followed by a short breccia intercept to 65 m, before entering granodiorite again to 134 m. A series of short breccia intercepts alternate with porphyry and granodiorite to the end of the hole. Copper mineralization occurs as chrysocolla and tenorite near the start of the hole and as chalcopyrite, with pyrite and minor chalcocite in breccia cement and in porphyry style veins.

Drill hole FCD-26-185 was collared at the Pole breccia and drilled to the northeast. The hole intersected granodiorite in the first 14 m before the hole was abandoned due to encountering underground workings. Abundant porphyry style veins are present with copper contained in chalcopyrite and chalcocite as well as chrysocolla and tenorite.

Drill hole FCD-26-187 was collared west of White Bear and drilled to the north, as an infill hole. The hole intersected granodiorite with short intervals of porphyry. Low abundance of pyrite with chalcopyrite is present in porphyry style veins.

Drill hole FCD-26-188 was collared north of Childs Aldwinkle and drilled to the northeast as an infill hole. The intersected granodiorite over its entire length. Mineralization consists of trace chrysocolla and black copper manganese oxides.

Drill hole FCD-26-189 was collared at the same location as FCD-26-188 and drilled to the southeast as an infill hole. The hole intersected granodiorite over its entire length. Chrysocolla and malachite on fracture coatings are present near the top of the hole.

Other locations

Drill hole FCD-26-161 was collared south of the Sunrise trend and drilled to the southwest, across the Range Front fault. The main objective for this hole was to perform hydraulic permeability testing (Packer testing) for incorporation into future hydrological models. It intersected fault breccia, alternating with Glory Hole volcanics. While no significant copper mineralization is present, silver values are locally elevated.

Drill Program: Next Steps

Including the drill results released today, the Company has now released results from 19,496 m drilled in 76 holes. A total of 22,510 m was completed during the current portion of the drill program. In addition to resource definition, core samples from this drill program will be used for metallurgical test work and tailings characterization ahead of future technical studies. The assay results for the remaining drill holes will be released as they are received, analyzed and confirmed by the Company.

Drilling is expected to commence at the San Manuel project in the fall of 2026 once the proposed acquisition is closed (see news releases dated July 2, 2026 and August 25, 2026).

Table 1: Selected Drill Results