CUPANI Metals Corporation (CSE: CUPA) (OTCQB: CUPIF) is pleased to announce the execution of an option agreement with Prospector Metals Corp. a corporation incorporated under the laws of the province of British Columbia, and whereby Prospector granted CUPANI a right and option to purchase a 100% undivided interest in the Nemo Project (Figure 1) located in the southern Labrador Trough, Québec, located 80 km northeast of Schefferville.  All dollar amounts disclosed herein are in Canadian dollars, unless stated otherwise.

The Nemo Project comprises 321 exploration claims that interlock with CUPANI’s existing claims in the Extensions Zone. Similar to the broader Extensions Zone, these Claims cover poorly explored mafic-ultramafic rocks. To date, no drilling has been conducted on these Claims. The Claims contain the same peridotite sills that elsewhere hold the historic Blue Lake deposits of 2.3% copper equivalence. Figure 1 illustrates the newly controlled claims in dark blue, while the Company’s pre-existing claims are shown in light blue.

Brian Bosse, Chief Executive Officer of the Company, said: “This will be the final piece of land acquisition. I am happy to say Cupani is the only entity controlling exploration claims throughout the region. We locked up exploration rights of the peridotite sill since that hosts the historical 2.3% copper equivalent mineralization. That sill twists and turns across the surface for over 100 miles. Going forward we can apply learnings from exploration at one location to every other location without delay, getting smarter as we go. Cupani now controls 100% of all the exploration lands.”

Subject to the terms and conditions of the Option Agreement, Cupani agreed to pay the following consideration to Prospector for the acquisition of the 100% undivided interest in the Nemo Project:

The Option Agreement remains subject to the approval of the Canadian Securities Exchange.

About CUPANI

CUPANI Metals Corp. provides shareholders with long-term capital growth exposure by investing in mineral exploration properties and other assets. The Company is listed on the CSE under the symbol “CUPA”.

Figure 1. Nemo Project Location (dark blue) (CNW Group/Cupani Metals Corp.)