Phoenix Copper Ltd (PXC.L) Board Change

Phoenix Copper Ltd (AIM: PXC; OTCQX: PXCLF, OTCQX ADR: PXCLY), the AIM-quoted USA focused base and precious metals emerging producer and exploration company.

Announces that Roger Turner is stepping down as a Non-Executive Director and Chief Technical Officer, with immediate effect, for personal and health reasons. Mr Turner will continue to advise the Company on a part-time consultancy basis.

Marcus Edwards-Jones, Chairman of Phoenix Copper, commented: “I sincerely thank Roger for his invaluable input over the last 8 years, since founding the Company in 2013. Roger’s wisdom and experience have been instrumental in much of what we have achieved over that period and I am delighted that he will remain involved with the Company, albeit in a part-time consultancy role.

“We expect 2022 to be a significant year for the Company as we look to permit, finance and construct our open pit copper mine at Empire, and continue our exploration programmes on the surrounding mineralised district, as well as the historically mined sulphide deposit below the open pit. I know that Roger’s ongoing advice will continue to be important.

“May I take this opportunity to wish all our stakeholders a very happy and prosperous New Year.”

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Contacts

For further information please visit https://phoenixcopperlimited.com or contact:

Phoenix Copper Limited

Ryan McDermott

Dennis Thomas

Richard Wilkins

Tel: +1 208 954 7039

Tel: +44 7827 290 849

Tel: +44 7590 216 657


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