Copper Mountain Mining Announces Improved Feasibility Study Update Results for Eva Copper, Improves NPV and Increases Total Production by 57%

VANCOUVER, May 7, 2020 /PRNewswire/ – Copper Mountain Mining Corporation (TSX:CMMC | ASX:C6C) (“Copper Mountain” or the “Company”) is pleased to announce positive results from its 2020 Feasibility Study Update (“2020 FS”) on its 100% owned Eva Copper Project (“Eva” or “the Project”), which is located in Queensland, Australia. The 2020 FS demonstrates significantly improved economics and operating metrics, including a higher after-tax NPV, increased production, lower cash costs and a longer mine life, when compared to the prior 2018 Feasibility Study. All dollars are in U.S. dollars unless otherwise indicated.