Highland Provides Update on Financing

LONGUEUIL, QUEBEC--(Marketwired - March 10, 2015) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

Highland Copper Company Inc. (TSX VENTURE:HI) ("Highland" or the "Company") announces that it has revised the terms of its up to $10 million non-brokered private placement offering (the "Offering") previously announced (December 16, 2014 and February 26, 2015) in response to current market conditions. The Company is planning to issue up to 40 million units of its securities (the "Units") at a price of $0.25 per Unit with each Unit consisting of one common share of Highland and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one common share of the Company at $0.50 per share for a period of 18 months from the closing date of the Offering. The Warrants will be subject to a right of accelerated expiry at the Company's option when the closing price of its common shares on the TSX Venture ("TSXV") has exceeded $0.80 for twenty consecutive trading days at any time after six months from closing of the Offering.

The Company expects to close a first tranche of the Offering on March 11, 2015, subject to certain conditions including but not limited to the receipt of all required regulatory approvals and consents, including the approval of the TSXV. The securities issuable under the Offering will be subject to a hold period expiring four months and one day after the closing date.

The Company intends to use the net proceeds from the Offering for exploration and development of the Company's mineral projects, working capital, and general corporate purposes.

Warrants extension

The Company also announces that it is applying to the TSXV for approval of an extension to the term of the 41,250,000 share purchase warrants set to expire on March 31, 2015 (the "Warrants"). The Warrants were issued in three tranches as part of a non-brokered private placement of the Company's securities in May 2012, and their original expiry dates in May 2014 were previously extended to March 31, 2015. The Company is seeking a second extension to the expiry of the Warrants to March 31, 2016. The exercise price of $0.75 will remain unchanged. The extension is subject to the acceptance of the TSXV.

ABOUT HIGHLAND

Highland Copper Company Inc. is a Canadian exploration company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A., including White Pine North, Copperwood and the Keweenaw projects. More information about the Company and the projects is available on the Company's website at www.highlandcopper.com and on SEDAR at www.sedar.com.

CAUTIONARY STATEMENT

Certain statements contained in this press release constitute forward looking information under Canadian securities laws. Such statements include those discussing: the size, share price, and timing of completion of the Offering, the use of proceeds, and the extension of the warrants expiry date. The information contained herein reflects the Company's views as of the date of this press release. Forward looking information is based on assumptions and by its nature is subject to risks and uncertainties that may cause actual future events to differ materially from those anticipated in it. Such risks include, but are not limited to: the Company's ability in the current markets and its own circumstances to sell the full amount of the proposed Offering at the expected price, and the timing and conditions attached to TSXV acceptance of the Offering and the warrant extension. The materialization of any of these risks may cause actual results to be materially different from those expected by the Company at this time. The Company does not intend, and does not assume any obligation, to update forward-looking information, except as required by law. Accordingly, readers are advised not to place undue reliance on forward-looking information.

The securities comprising the Units have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will the Units be sold in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of securities to be made in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial 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.