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Last updated on April 17, 2014 at 13:37 EDT

Catalyst Copper Reports Drill Results from La Verde Project, Mexico

June 14, 2012

Intercepts from seven holes include 1.25% Cu over 17.8m, 2.02% Cu over
10m and 1.19% Cu over 49m

Trading Symbol: CCY

VANCOUVER, June 14, 2012 /PRNewswire/ – Catalyst Copper Corp. (“Catalyst” or
“the Company”) today released the results of the final seven holes
(6,771 meters) of its 2012 diamond drill program at the La Verde copper
porphyry project in Michoacán state, Mexico.

The 2012 drill program was focused on expanding the known mineralization
associated with the two potential open pit copper deposits, East Hill
and West Hill. Results from the latest drill holes are shown in Table 1
below. Highlights include:

        --  LV12-043 with 0.69% Cu, 0.006 g/t Au, 2.2 g/t Ag over 27.0
            meters;
        --  LV12-044 with 0.53% Cu, 0.014 g/t Au, 6.6 g/t Ag over 89.5
            meters;
        --  LV12-045 with 1.25% Cu, 0.019 g/t Au, 4.6 g/t Ag over 17.8
            meters; plus 1.68% Cu, 0.007 g/t Au, 4.0 g/t Ag over 26.0
            meters; plus 2.04% Cu, 0.010 g/t Au, 6.4 g/t Ag over 14.3
            meters;
        --  LV12-046 with 1.19% Cu, 0.039 g/t Au, 10.4 g/t Ag over 49.1
            meters; and,
        --  LV12-048 with 2.02% Cu, 0.003 g/t Au, 2.5 g/t Ag over 10.1
            meters.

The Company has now drilled a total of 34,968 metres under its option
agreement with Teck Resources Limited’s Mexican subsidiary, taking the
total drilling on the property (including historic drilling) to 108,800
meters in 649 drill holes.

A Preliminary Economic Assessment (PEA) is currently being prepared by
AMC Mining Consultants Limited, and is expected to be published later
this month. None of the 2012 drilling program results have been used in
the PEA.

Catalyst has requested Tetra Tech, Inc. to submit a proposal to update
its NI 43-101-compliant Technical Report and Resource Estimate of La
Verde dated January 19, 2012 and to incorporate all work conducted by
the Company under the Option agreement with Teck. Catalyst is targeting
to have the updated report; including a revised resource calculation,
available in the third quarter of 2012. A summary of the current NI
43-101 compliant resource is set out in Table 2.

TABLE 1.   La Verde    2012 Assay Results


    Drill Hole       From    To  Length Cu%  Au g/t Ag g/t  Mo%  Location

     LV11-042        100.8  243  142.2  0.29 0.007    2.9  0.016 East Hill

                     359.2  558  198.8  0.38 0.078    4.5  0.004        

               Incl. 359.2 373.3  14.1  0.66 0.437    8.1  0.073        

    LV11-043         115.6 119.8   4.2  1.01 0.046     5   0.001 East Hill

                      176   203     27  0.69 0.006    2.2  0.001        

                     211.2 221.3  10.1  0.69 0.036     2   0.001        

                     336.5 345.8   9.3  0.68 0.021    3.1  0.005        

    LV11-044         197.1 201.2   4.1  0.24 0.018    2.2  0.002 East Hill

                      238   246     8   0.3  0.016     5   0.001        

                     278.5 283.3   4.8  0.25 0.022     4   0.003        

                     303.5 307.5    4   0.23 0.021    2.5  0.001        

                     366.2 369.7   3.5  0.39  0.05    2.8  0.001        

                     400.5 406.5    6   0.2   0.14     2   0.002        

                     432.8 436.7   3.9  0.21 0.113     2   0.002        

                      483   487     4   0.56 0.095    4.5  0.005        

                     506.4 510.4    4   0.65 0.504    6.5  0.003        

                     533.7 575.4  41.7  0.56 0.014    5.1  0.003        

                      657  746.5  89.5  0.53 0.014    6.6  0.007        

    LV11-045         133.1 150.9  17.8  1.25 0.019    4.6  0.003 West Hill

                      233  255.9  22.9  0.97 0.015    4.4  0.001        

                     295.6  299    3.4  0.27 0.002     2   0.001        

                     326.7 352.7    26  1.68 0.007     4   0.001        

                      381  395.3  14.3  2.04  0.01    6.4  0.001        

                     403.1 410.5   7.4  0.39 0.003     2   0.001        

    LV12-046         187.8 227.1  39.3  0.23 0.038    2.1  0.001 East Hill

                     256.3 259.6   3.3  0.22 0.041     3   0.001        

                     267.5 274.9   7.4  0.22 0.062    2.2  0.001        

                     279.6 283.6    4   0.29 0.045    3.5  0.001        

                     314.5 319.7   5.2  0.21 0.055    2.7  0.003        

                      414   418     4   0.3  0.003     8   0.001        

                     445.4 452.5   7.1  0.24 0.092     3   0.002        

                     466.3  472    5.7  0.38 0.094    4.1  0.002        

                      493   529     36  0.59 0.114     6   0.003        

                     562.3 611.4  49.1  1.19 0.039   10.4  0.003        

                     623.8 630.1   6.3  0.28 0.005    2.9  0.012        

                      635   641     6   0.21 0.046    2.7  0.01         

                     605.2 640.1  34.9  0.6  0.002    1.2  0.001        

    LV12-047         81.7  86.3    4.6  0.29 0.003     2   0.001 West Hill

                     114.6 123.4   8.8  0.26 0.004    2.3  0.001        

                     132.8 140.9   8.1  0.87 0.009    4.3  0.001        

                     196.3 205.3    9   0.63 0.042    4.3  0.004        

                     209.3 213.3    4   0.25 0.005     2   0.001        

                      298  330.7  32.7  0.39 0.003    2.1  0.001        

                      378   382     4   1.64 0.014     5   0.001        

                     413.4 422.7   9.3  0.67 0.018    2.3  0.001        

                     433.4 437.6   4.2  0.22 0.002     2   0.001        

                      452  458.9   6.9  0.41 0.002     2   0.001        

                     493.6 584.9  91.3  0.53 0.003    2.2  0.001        

    LV12-048         98.6  102.6    4   0.82 0.002     2   0.001 West Hill

                      115  124.3   9.3  0.88 0.002    2.4  0.002        

                     146.4 153.9   7.5  0.23 0.002     2   0.001        

                     179.3 188.7   9.4  0.47 0.004    2.3  0.001        

                     208.5  216    7.5  0.26 0.002     2   0.001        

                      222   226     4   0.65 0.004     2   0.001        

                      244   252     8   0.63 0.005     2   0.001        

                     261.6 269.3   7.7  1.01 0.006    2.4  0.001        

                      279   283     4   0.2  0.002     2   0.001        

                     298.5 308.6  10.1  2.02 0.003    2.5  0.002        

                     320.2 324.2    4   0.29 0.002     2   0.001        

                     352.2 356.2    4   0.27 0.007     2   0.001        

                     373.2 377.1   3.9  2.15 0.007    3.8  0.001        

                     411.8 428.1  16.3  0.47 0.002     2   0.001        

                      457  465.4   8.4  0.3  0.002     2   0.001        

Table 2. La Verde    Measured, Indicated and Inferred Resources  (January, 2012)


    Class    Cu% COG Tonnes       Cu%    Au Ag   Cu lbs        Au   Ag ozs
                                        g/t g/t (Billions)   (ozs) (Millions)

    Ms+Ind   >=0.100 552,446,500 0.31 0.037 2.0     3.80   651,400     35.1

             >=0.200 354,077,000 0.41 0.043 2.3     3.17   485,500     26.0

             >=0.300 216,275,000 0.51 0.048 2.6     2.44   333,200     17.8

    Inferred >=0.100 345,639,600 0.27 0.038 1.6     2.05   423,700     17.8

             >=0.200 168,074,400 0.41 0.058 2.3     3.17   311,400     12.1

             >=0.300             0.55 0.078 2.8     2.44   230,600      8.3
                      92,309,100
      1. Mineral Resources are not Mineral Reserves as there is
         insufficient studies to demonstrate economic viability.

      2. It cannot be assumed that all or any part of an Inferred Mineral
         Resource will be upgraded to an Indicated or Measured Resource as
         a result of continued exploration.

      3. The Mineral Resource is a global insitu total without constraints
         to an economic pit.

T.W. Hodson, P.Geo. is the qualified person, as defined by National
Instrument 43-101, and has reviewed the technical disclosure contained
herein and accepts responsibility for such disclosure.

About La Verde

La Verde is located in an area with excellent infrastructure. Power,
rail and water all cross the property. Lazaro Cardenas, Mexico’s third
largest port on the Pacific coast is 180 km from the site. Significant
upside potential remains for the two known zones of porphyry style
copper, gold and molybdenum mineralization as the drilling program to
date shows both deposits remain open to depth and along strike.

La Verde property is subject to an option agreement with a Mexican
subsidiary of Teck Resources Limited (Teck) whereby Catalyst’s 100%
Mexican subsidiary, Minera Hill 29, may earn a 60% interest in La Verde
by making US$10,000,000 in exploration expenditures (including 30,000
meters of drilling and 200 kilometers of IP) by December 31, 2012. Upon
Catalyst earning a 60% interest, Teck has the option to increase its
interest to 60% by incurring aggregate expenditures equal to two times
the amount spent by Catalyst. Should Teck fail to exercise its option
to earn a 60% interest, Catalyst can acquire a 100% interest in La
Verde by paying Teck US$20 million. The property is subject to an
underlying 0.5% NSR.

ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.

Terence W. Hodson, P.Geo.

TERENCE HODSON, V.P. EXPLORATION

Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and unknown
risks and uncertainties. These forward-looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the
control of the Company, including, but not limited to, risks associated
with mineral exploration and mining activities, the impact of general
economic conditions, industry conditions, dependence upon regulatory
approvals, and the uncertainty of obtaining additional financing.
Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. Neither 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.

Quality Assurance: The Company employs a system of quality control for
drill results which includes the use of blanks, certified reference
materials (standards) and check assaying. Core is logged on site and
split with a diamond saw. Samples are shipped to Acme Analytical
Laboratories Ltd. for analysis. All elements with the exception of gold
are analyzed by Aqua Regia digestion and ICP-ES analysis. Gold is
analyzed by fire assay method.

SOURCE Catalyst Copper Corp.


Source: PR Newswire