Copperstone explores the conditions for carrying out a directed issue of shares

This press release may not be made public, published or distributed, directly and indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction where such action would be unlawful or subject to legal restrictions.

Press release

Kiruna 9 April 2021

The board of directors of Copperstone Resources AB (publ) (“Copperstone” or “the Company”) has appointed Arctic Securities AS, filial Sverige to investigate the conditions for carrying out a directed issue of approximately SEK 80 to 100 million (the ”Directed Issue”).

Copperstone announces an intention of carrying out a directed issue of shares of approximately SEK 80 to 100 million with deviation from existing shareholders’ preferential rights based on the authorisation from the extraordinary general meeting on 29 September 2020 (the “Directed Issue”). Copperstone has appointed Arctic Securities AS, filial Sverige, to investigate the conditions for carrying out the Directed Issue which will be commenced immediately. The subscription price for the shares in the Directed Issue will be determined after negotiation with the potential investors, which primarily are intended to be professional investors spoken to that have followed the Company. The board of directors intends to deviate from the shareholders’ preferential rights in order to in a time and cost-effective manner procure capital and diversify the ownership base.

Received proceeds from the Directed Issue together with existing cash is intended to be used to the following:

• Accelerate the environmental studies in order to implement a timely hand-in of the permit application.
• Continued evaluation of potential values in tailings and waste rock facilities from historical mining, both of which potentially could generate an early cash flow to the operations.
• Examination of the current condition of underground infrastructure; roads, tunnels and potential for an early usage prior to or at mine re-opening.

The Directed Issue requires that the board of directors of Copperstone, after the investigation regarding the conditions for the Directed Issue, resolves to issue new shares. The Company will publish the outcome of the potential Directed Issue in a separate press release.

Advisors

Arctic Securities AS, filial Sverige is financial advisor and Hannes Snellman Advokatbyrå AB is legal advisor to Copperstone.

For further information, please contact

Chairman of the board Jörgen Olsson on +46 (0) 703 – 420 570

CEO Michael Mattsson on +46 (0) 705 – 739 777

or

This press release includes inside information which Copperstone Resources AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact persons set out above, 9 April 2021 at 17:33 CET.

Important Information

This press release does not constitute an offer to, or an invitation to, acquire or subscribe for any securities in Copperstone Resources AB (publ) in any jurisdiction, neither from Copperstone Resources AB (publ), Arctic Securities AS, filial Sverige or anyone else. Copies of this press release will not be produced and may not be distributed or sent to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction where such distribution would be illegal or require registration or other action. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation“) and has not been approved by any regulatory authority in any jurisdiction. Copperstone has not authorized any offer to the public of shares or other securities in any member state of the EEA and no prospectus has been or will be prepared in connection with the Directed Issue. In any EEA Member State, this communication is only addressed to and is directed at qualified investors and corresponding investors in that Member State within the meaning of the Prospectus Regulation.

This press release and the information contained in the press release may not be distributed in or to the United States. This press release does not constitute an offer to acquire securities in the United States. Securities referred to herein have not been registered and will not be registered in accordance with the US Securities Act of 1933 (the "Securities Act"),and may not be offered or sold in the United States without being registered, subject to an exception to, or refers to a transaction that is not subject to registration under the Securities Act. No offer will be made to the public in the United States to acquire the securities mentioned here.

About Copperstone

Copperstone Resources AB is an exploration company that was founded in 2006. In 2019, the Viscaria deposit in Kiruna, Sweden, was acquired and thus the company’s strategy was revised. The goal is to become a modern and responsibly producing mining company through the reopening of the Viscaria mine. The deposit’s high copper grade and geographical location give good conditions to become a key supplier of quality and responsibly produced copper to customers who drive the increasing electrification of society globally. In addition to the Viscaria mine, Copperstone holds a number of other exploitation concessions and exploration permits in Arvidsjaur (Eva, Svartliden, Granliden) and Smedjebacken (Tvistbogruvan), all in Sweden. The company’s shares are traded on the Nasdaq First North Growth Market (ticker COPP B). Augment Partners is the company’s Certified Adviser, , .                                                              

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