VANCOUVER , BC / ACCESSWIRE / November 23, 2016 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE:CBK) is
pleased to announce that The Aleut Corporation (TAC), an Alaska Native Regional Corporation and the underlying property owner for
the company's Pyramid and San Diego Bay projects, has agreed to take an equity position in the Company. The Company and TAC have
agreed to extinguish CDN $135,000 of future obligations payable by the Company to TAC, including certain lease payment obligations,
in exchange for the issuance of 1,687,500 shares of the Company to TAC at a deemed price of CDN $0.08 per share. The shares issued
to TAC will be subject to a four month hold period.
Matthew Fagnani, TAC's CEO comments, "TAC is committed to projects within the Aleutian Island region that provide employment
opportunities and economic development for the Aleut people and our communities." CopperBank Executive Chairman comments, "We have
forged a strong relationship with our project partners. The State of Alaska has a tremendous geological endowment and it is worth
noting that both the company and TAC believe that the Pyramid and San Diego Bay projects are of the best situated copper projects
anywhere in the world. With the superior location of the established Pyramid copper deposit, only 4 kilometres from all-year
accessible deep tide water, and the added benefit of being located significantly closer to Asian smelters, we both feel these
projects have strategic importance."
Investors are encouraged to review the portfolio of Alaska projects on the Company's website at www.copperbankcorp.com.
On behalf of CopperBank Resources Corp.
"Gianni Kovacevic" Executive Chairman Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2 Tel: 604-889-0852 E-mail:
gk@copperbankcorp.com Website: www.copperbankcorp.com
Certain information in this release may constitute "forward-looking information" under applicable securities laws and
necessarily involve risks and uncertainties. Forward-looking information included herein is made as of the date of this news
release and CopperBank does not intend, and does not assume any obligation, to update forward-looking information unless required
by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management
of CopperBank's expectations or beliefs regarding future events. In certain cases, forward-looking information can be identified by
the use of words such as "plans," or "believes," or variations of such words and phrases or statements that certain actions, events
or results "may," "could," "would," "might," or "will be taken," "occur," or "be achieved," or the negative of these terms or
comparable terminology. Examples of forward-looking information in this news release include, but are not limited to, statements
with settlement of certain obligations owing to TAC. This forward-looking information is based, in part, on assumptions and factors
that may change or prove to be incorrect, thus causing actual results, performance, or achievements to be materially different from
those expressed or implied by forward-looking information. By its very nature, forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially
different from any future results, performance, or achievements expressed or implied by forward-looking information. Although
CopperBank has attempted to identify important factors that could cause actual actions, events, or results to differ materially
from forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated,
estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated by such forward-looking information. Accordingly, readers should not
place undue reliance on forward-looking information. For more information on CopperBank and the risks and challenges of its
businesses, investors should review the continuous disclosure filings that are available under CopperBank's profile at
www.sedar.com.
SOURCE: CopperBank Resources Corp.
