American Copper Development Corporation has completed its acquisition of certain mineral property interests located in the State of New Mexico from Pyramid Peak Mining, LLC, a wholly owned subsidiary of Waterton Precious Metals Fund II Cayman, LP, and Mason Resources (US) Inc. a wholly owned subsidiary of Hudbay Minerals Inc. as further described in the Company's new releases dated January 13, 2022 and May 26, 2022. The Upon closing of the Transaction, the Company appointed Daniel Schieber, Curt Freeman and Rick Van Nieuwenhuyse to the board of directors of the Company, with Mr. Van Nieuwenhuyse acting as Chairman of the Board and Mr. Schieber acting as Chief Executive Officer. Concurrently, Twila Jensen and Blaine Bailey resigned as directors, with Mr. Bailey continuing his role as chief financial officer.

The Company thanks Ms. Jensen and Mr. Bailey for their service to the Board.