Highland Copper Provides Corporate Update

LONGUEUIL, QUEBEC--(Marketwired - Feb. 2, 2016) - Highland Copper Company Inc. (TSX VENTURE:HI) (the "Company") announces that the maturity date of the C$10 million loan made to the Company by Osisko Gold Royalties Ltd has been extended to February 29, 2016. Discussions are continuing with regards to the transfer to the Company of the environmental obligations associated with the historical White Pine mine site. See December 16, 2014 and January 6, 2016 news releases for additional information.

ABOUT HIGHLAND

Highland Copper Company Inc. is a Canadian exploration company focused on exploring and developing copper projects within the Upper Peninsula of Michigan, U.S.A. Additional information about Highland 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 news release constitute forward looking information under the provisions of Canadian securities laws. The information contained herein reflects Highland's views as of the date of this news 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 and uncertainties include, but are not limited to Highland's ability to meet the final closing conditions of the acquisition of White Pine on terms acceptable to Highland and CRC including completing agreements with the MDEQ for the transfer of environmental obligations. 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.

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.