Universal Copper Ltd. announced the five-year renewal of its existing exploration permit on the Company's Poplar Copper Project, located southwest of Houston, British Columbia. The Company added a further 80 drill sites within its current permit area, focused on the Poplar deposit. The permit renewal allows the Company to bring a significant portion of the current inferred resource to indicated resource through infill drilling and follows up on the new Vector Geological Solutions Inc. ("Vector") reinterpretation of the Poplar mineralization by testing new targets outside of the current resource.

The Company reports a second exploration permit for peripheral targets including the Copper Pond, southeast of the Poplar deposit, is progressing through the Notice of Work process with the British Columbia Ministry of Energy, Mines and Low Carbon Innovation. The Universal technical team has reviewed and compiled the historic geophysical, geological, geochemical and drilling information into a refined database, producing several high-quality drill targets. The Company anticipates receipt of this second permit for 50-line kilometres of ground induced polarization ("IP") surveying and additional 80 drill sites in 2024 First Quarter.