Kutcho Copper Announces Closing of $5 Million Private Placement

VANCOUVER, Dec. 16, 2021 - Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) ("Kutcho Copper" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of $5,000,000. The Company issued 5,263,158 common shares at a price of $0.95 per common share. The Private Placement is subject to final TSX Venture Exchange approval.

All shares issued under the private placement are subject to a hold period of four months and one day from closing. The Company paid $300,000 finder's fees to Generic Capital Corporation in connection with the Private Placement.

Vince Sorace
President & CEO, Kutcho Copper Corp.

For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.