Kutcho Copper Corp. announced, as described in the release dated July 6th, 2021, it has completed the buy back of the royalty held by Sumac Mines (now Sumitomo Metal Mining Canada) (the “Sumac Royalty”) and has terminated Sumac’s Right of First Refusal to purchase concentrates (the “Sumac ROFR”) from the Kutcho copper-zinc project, both of which rights were granted under an Acquisition Agreement between Sumac Mines Ltd. and Western Keltic Mines Inc. dated August 29, 2003.