TORONTO, ON – (Newsfile Corp. – September 3, 2022) – PNG Copper Inc. (CSE: PNGC) (“PNG copper” or the “company“) is pleased to announce that it has fulfilled certain obligations under its existing option agreement through the issuance of Class A common shares in the capital of the Company (“common shares“).

The Company has settled outstanding debt of $450,000 with Papuan Minerals Pty Ltd. by issuing 10,102,041 common shares.

The Company has also granted options to purchase an aggregate of 1,350,000 common shares pursuant to its stock option plan, exercisable in whole or in part on or before September 2, 2026 at an exercise price of $0.10 per share.

About PNG Copper Inc.

PNG Copper Inc. is a mineral exploration company focused on the acquisition, exploration and development of high quality mineral properties in Papua New Guinea. The company’s core values ​​are respect for the community, landowners, the environment and operating a safe workplace for its employees. The company is also committed to best practice standards of corporate governance.

For more information, visit the company’s website at pngcopper.ca or contact:

PNG Copper Inc.
Paul Rokeby, Chief Financial Officer
Tel: +1.705.465.1880

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including, but not limited to, the Securities in which the United States from America. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any other state securities laws, and may not be offered or sold within the United States or to or for the account or benefit by US persons (as defined in Regulation S of the 1933 Act), unless registered under the 1933 Act and applicable state securities laws, or an exception to such…