Toronto, ON – June 22, 2023 – QC Copper and Gold Inc. ("QC Copper" or the "Company") (QCCU:TSXV | QCCUF:OTCQB) is pleased to provide an update to its shareholders regarding the progress made towards completing the Mineral Resource Estimate for the Opemiska Copper Project, situated in the Chibougaumau-Chapais District of Quebec.

The Company has undertaken a substantial endeavor with the comprehensive analysis of the geology based on more than 800,000 meters of drilling, 300,000 historical assays, and the Company's own near 100,000 meters of drilling. This process is nearing completion, although the report is not expected to be published in the current quarter. QC Copper notes the Mineral Resource Estimate is in its final stages and anticipates outcome will justify the effort.

QC Copper recognizes the Opemiska deposit as a company building asset that has the potential to transform the Chigbougamau-Chapais District by becoming a large-scale copper-gold mine once again. Therefore, our primary objective with this resource update is to deliver a high-quality database that will enable any operator or major mining company to access our data room, evaluate the asset, and have confidence in the quality of our interpretation of the geology.

For more detailed information regarding the pending Mineral Resource Update for the Opemiska, we encourage shareholders to watch the video update featuring QC Copper's CEO, Stephen Stewart, and Vice President of Exploration, Charles Beaudry.

QC Copper Opemiska MRE Video Update with Beaudry and Stewart

We thank investors for their patience and assure them that we are committed to delivering a mineral resource of the highest quality.

For the latest videos from QC Copper & Gold, Ore Group, and all things Mining, subscribe to our YouTube Chanel here.

QP Statement

The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director and Vice President Exploration for QC Copper & Gold, a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."  For the exploration undertaken by QC Copper & Gold, all assay batches are accompanied by rigorous Quality Assurance procedures, including the insertion of standards and blanks and verification assays in a secondary laboratory.  

For information and updates on QC Copper and Gold, please visit: www.qccopper.com 

And please follow us on Twitter @qccoppergold

To speak to the Company directly, please contact:

Stephen Stewart, Chief Executive Officer

Phone:  416.644.1567

Email:  sstewart@qccopper.com   

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. QC Copper and Gold Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to QC Copper and Gold Inc. Additional information identifying risks and uncertainties is contained in filings by QC Copper and Gold Inc. with Canadian securities regulators, which filings are available under QC Copper and Gold Inc. profile at www.sedar.com.