Faraday Copper Corp. provided an exploration update at its Copper Creek project in Arizona, USA. Commenced a 10,000-metre ("m") Phase II Drilling Program on October 30, 2022, with the objectives of expanding the mineral resource, delineating high-grade zones and testing new generative exploration targets.

Drilling to date has intersected massive copper sulphide over approximately 15 m (from 234 m) as an extension to the Copper Prince breccia. Assay results are pending. Established a dedicated, generative team to focus on new discoveries outside of the Mineral Resource Estimate ("MRE").

Identified twelve generative target areas outside of the MRE. Identified eight priority exploration targetsin proximity to the MRE which have the potential to expand the mineral resource footprint. Over 400 breccia occurrences have been mapped at surface, of which 14 have been included in the MRE and a total of 35 have one or more drill holes in them.

Breccias offer the potential to host high-grade, near-surface copper mineralization. dedicated exploration team has been established to evaluate targets outside of the mineral resource area. Field work is ongoing including mapping, sampling and reconnaissance drilling.

Additionally, a detailed review of previous geophysical data is underway to evaluate the collection of additional geophysical data as well as an airborne spectral survey. A newly developed structural model highlights that the hydrothermal breccias and porphyries follow two principal northwest trends. The eastern trend is interpreted to follow the main Holy Joe thrust fault and contains the breccias and porphyry mineralization included in the MRE.

The western trend shows alteration characteristics consistent with a less deeply eroded part of the mineral system and is interpreted to follow a second order northwest striking thrust fault and remains under explored. High-grade breccia-hosted mineralization is known to occur in the southeastern extension of the western trend to the south of the Copper Creek Project, highlighting the prospectivity of this trend. Rum and Gin Breccias: This target area, with dimensions of 1.5 km by 0.7 km, is located 1.3 km to the northwest and along strike from the mineral resource area in the hanging wall of the inferred Holy Joe thrust fault.

The target area follows a northeast trending magnetic low that is coincident with a zone of sericite alteration and subtle northeast-trending Z-Tipper Axis Electromagnetic ("ZTEM") geophysical conductivity anomaly. Topographically the target area occupies a bowl-shaped depression where more than 15 breccias with abundant iron oxide outcrop at surface. Copper oxide mineralization can be observed at surface near the Rum breccia.

Two historic drillholes (RUM-1 and R-1-1X) intersected near-surface copper mineralization with grades of 1.07% over 48.8 m from surface and 0.82% over 27.4 m from 32 m. Area 51- This target area is situated in the hanging wall of the inferred Holy Joe thrust fault's southeasterly continuation from the mineral resource area and covers an area of 250 m by 400 m. Surface geochemistry reveals several anomalous copper, molybdenum and bismuth values spatially associated with mapped breccia outcrops. The area straddles the boundary between magnetic highs and lows. Mulberry Zone- This target area, with dimensions of 800 m by 400 m, is the southward continuation from known mineralization.

It is on a magnetic low area explained by widespread sericite-clay alteration. Surface rock samples show strong copper anomalies in this area. Historical drilling was limited and includes three, near-vertical drill holes with isolated copper grades above 0.3% in drill hole NE-1. SE Area- This target area is characterized by Proterozoic sedimentary rocks intruded by the Copper Creek batholith.

Localized, structurally controlled copper oxide mineralization is exposed at surface. This area may be prospective for sedimentary rock-hosted mineralization. Historical drilling is limited in the area.

SW Area- Located northwest along strike from known mineralization to the south of Copper Creek, this area features several breccia outcrops with localized, but compelling, surface copper anomalies with 10 rock samples with 0.1% to >1% copper values. A Titan-24 Induced Polarization ("IP") geophysical survey identified a prominent chargeability anomaly approximately 200 m below surface. A single hole drilled nearby intersected 9 m to 14 m intervals of 0.28% to 0.54% copper, with individual samples up to 1.5% copper below 960 m depth in drill hole REX-10-046.