Surge Copper Intersects 357 metres of 0.59% CuEq including 92 metres of 0.84% CuEq at the Berg Deposit

VANCOUVER, BC, March 8, 2022

VANCOUVER, BC, March 8, 2022 /PRNewswire/ - Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) ("Surge" or the "Company") is pleased to announce complete assay results for 3 holes from the Berg Deposit located on the Berg Property in British Columbia.  The Company has a right to earn a 70% interest in the Berg Property from Centerra Gold. The Company completed 9 drill holes at Berg in 2021, results from 6 additional holes from Berg are pending.

Highlights

• Hole BRG21-234 intersected 325.1 metres grading 0.42% copper equivalent from 15 metres downhole depth with the hole ending in mineralization
• Hole BRG21-235 intersected 162 metres grading 0.69% copper equivalent from 20 metres downhole depth in the upper portion of the hole
• Hole BRG21-236 intersected 357 metres grading 0.59% copper equivalent from 24 metres downhole depth with the hole ending in mineralization
• All 3 holes intersected high-grade near-surface mineralization within a well-developed chalcocite blanket including:
• 105 metres grading 0.74% copper equivalent from 15m depth in hole BRG21-234
• 90 metres grading 0.75% copper equivalent from 20m depth in hole BRG21-235
• 92 metres grading 0.84% copper equivalent from 24m depth in hole BRG21-236

The drilling completed in 2021 at Berg was the first program undertaken by Surge at the Berg Property and adds to the existing database of approximately 53,754 metres over 215 holes completed by prior operators. The Berg deposit forms a ring-like shape around a central intrusive stock, and is characterized by an extensive supergene enrichment blanket in the upper portions of the deposit. The historical drilling defined highly-fractured mineralized zones in the northeast and southern portions of the ring, and the 2021 drill program was designed to test the expansion potential of the near-surface high-grade mineralization in these areas, as well as to fill in data gaps within areas of lower drill density and provide fresh material for advanced metallurgical testwork.

Shane Ebert, President and VP Exploration, commented: "The first three holes reported in this release were designed as relatively shallow holes and thus bottom in mineralization at depths from surface of approximately 150 metres. All three holes successfully intersected the near-surface high-grade chalcocite blanket to depths of approximately 50 to 70 metres. Results in the northeast of the deposit area, taken together with historical data, outline a 300-metre wide zone of strong copper grades that remains open to the northeast, with much stronger molybdenum grades proximal to the central stock, seen weakening outward. Additional holes from the 2021 program will help to define the expansion potential and metal zonation within this zone, both important inputs to our ongoing work to outline development scenarios."

Details of Holes BRG21-234, 235, and 236

Assay results have been received for holes BRG21-234, 235, and 236. Hole BRG21-234 was located in the southern part of the Berg deposit and was mineralized from the start of bedrock at 15 metres depth to the end of the hole at 340.1 metres depth. The entire hole returned 325.1 metres grading 0.30% copper, 0.016% molybdenum, and 4.3 g/t silver (0.42% copper equivalent) including a near-surface higher grade zone associated with a chalcocite blanket that returned 105 metres grading 0.57% copper, 0.028% molybdenum, and 4.6 g/t silver (0.74% copper equivalent) from 15 to 120 metres depth.