Coast Copper Announces 2023 AGM Results

TSX.V: COCO

VANCOUVER, Jan. 26, 2023 - Coast Copper Corp. ("Coast Copper" or the "Company") (TSXV: COCO) is pleased to announce the results from its annual general and special meeting (the "Meeting") held on Thursday, January 26, 2023.

A total of 29,949,869 common shares, representing 46.8% of the issued and outstanding common shares of the Company, were represented at the Meeting. The following resolutions were approved by the Company's shareholders:

1. The number of Directors of the Company was set at four (4);
2. Fletcher Morgan, Adam Travis, Dale Wallster and Dan Berkshire were elected Directors of the Company to hold office until the next annual general meeting of the Company;
3. Davidson & Company LLP, Chartered Professional Accountants, were re-appointed as the auditors of the Company for the ensuing year and the Directors were authorized to fix their remuneration;
4. Approval of the Company's fixed 20% Long-Term Incentive Plan, as fully described in the Company's management information circular, and approved by the board of Directors on December 18, 2022.

About Coast Copper Corp.

Coast Copper's exploration focus is the optioned Empire Mine property, located on northern Vancouver Island, BC, which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold and silver. Coast Copper's other properties include its 100% owned Knob Hill NW Property located on northern Vancouver Island, its Home Brew and Shovelnose South Properties which are located in central BC. and its Scottie West Property located in northern BC. Coast Copper's management team continues to review precious and base metals opportunities in western North America.

On Behalf of the Board of Directors:

"Adam Travis"

Adam Travis, Chief Executive Officer and Director

NR23-02

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Coast Copper, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Coast Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.

SOURCE Coast Copper Corp.