Universal Copper Ltd. announced a non-brokered private placement of 48,000,000 units at a price of CAD 0.025 per unit for gross proceeds of up to CAD 1,200,000 on March 21, 2023. Each Unit will consist of one common share and one warrant. Each warrant entitles the holder to purchase one common share at CAD 0.05 per share for a period of 24 months following the date of issuance.

The Company may pay a finder's fee in accordance with the policies of the TSX Venture Exchange. The transaction is subject TSX Venture Exchange acceptance, and securities proposed for issuance will be subject to a four month plus a day hold period from the date of closing per applicable regulatory requirements.