Mr. Brian Bosse reports

DRILLING HAS BEGUN AT BLUE LAKE COPPER NICKEL PGM PROJECT AND EARLY WARNING DISCLOSURE

Cupani Metals Corp. started summer drilling today.

The company's wholly owned Blue Lake property covers 700 square kilometres of exclusive exploration permit and is located 65 kilometres northeast of Schefferville, Que.

Since early July, Cupani has been prospecting and mapping the area for surface indications (favourable host rocks with sulphide blebs and net textured sulphides), which, when integrated with geophysics, are key inputs to drill targeting.

Drilling is planned for approximately 12 holes totalling between 2,000 and 3,000 metres. Most holes will be drilled between the location of discovery hole CUP26-06 and the known nine copper-nickel-PGM-bearing (platinum group metal) magmatic sulphide lenses clustered nearly 1.5 kilometres to the northwest of CUP26-06.

The first hole drilled (CUP26-07) will be from the same location as discovery hole CUP26-06, with a 50-degree dip and a 030 azimuth to test the updip of mineralization intersected in hole CUP26-06.

Message from chief executive officer Brian Bosse

"Cupani is testing its mineralization models on where to find more copper-nickel mineralization in trend with the known lenses. Copper is priced at record highs with a supply shortage predicted. The time is right for exploration."

Qualified person

The preparation of this news release was directly supervised by Jacquelin Gauthier, PGeo, Cupani's vice-president of exploration. He verified and approved all technical and scientific information of the final edition. He is acting as the company's qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Early warning disclosure

Mr. Bosse has acquired a total of 225,000 common shares of the company indirectly. Prior to the acquisition, Mr. Bosse, president, CEO and a director of the company, directly and indirectly, held 37,498,805 shares and securities that entitle him to acquire 1.7 million shares. Upon acquisition, he has control and direction over an aggregate of 37,723,805 shares and 1.7 million convertible securities, representing approximately 21.66 per cent of the issued and outstanding shares, and approximately 22.41 per cent on a partially diluted basis.

Pursuant to the early warning requirements of National Instrument 62-104, Take-Over Bids and Issuer Bids, and National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, a copy of the early warning report to be filed in connection with the acquisition will be available on the company's SEDAR+ profile once it has been filed in accordance with applicable securities laws.

About Cupani Metals Corp.

Cupani Metals provides shareholders with long-term capital growth exposure by investing in mineral exploration properties. The company is listed on the Canadian Securities Exchange under the symbol CUPA and on OTCQB under the symbol CUPIF.

Cupani's 100-per-cent-owned Blue Lake copper-nickel-PGE project in Quebec covers 682 square kilometres of exploration claims (260 square miles). During the 1980s, certain sections of Blue Lake project were explored by La Fosse Platinum. They drilled hundreds of exploration holes, excavated a 350-metre (1,000-foot) adit, conducted geochemical, geophysical and geologic surveys and metallurgy testing.

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