Surge Copper Corp. announced that it has completed the previously announced acquisition of a 100% interest in the Berg Property from Thompson Creek Metals Company Inc., a wholly-owned subsidiary of Centerra Gold Inc., for total consideration of 21,221,165 common shares of Surge. Pursuant to the Transaction, the December 2020 Option Agreement between Surge and TCM has been terminated.

The Common Shares issued pursuant to the Transaction will be subject to a statutory 4-month and a day hold period. No finder?s fee or commission was paid in connection with the Transaction. The Company currently has 222,047,093 issued and outstanding common shares, of which 33,075,383 are held by TCM, representing approximately 15%.

The Transaction constituted a Reviewable Transaction pursuant to the policies of the TSX Venture Exchange (the ?TSXV?), and the completion of the Transaction required the acceptance of the TSXV. The Company has obtained the conditional acceptance of the TSXV and final acceptance is subject to conditions customary to transactions of this nature, including the TSXV?s review of customary closing items, which have been delivered to the TSXV.