Vancouver, British Columbia, October 23, 2020 - Universal Copper Ltd. ("UNV", "Universal Copper" or the "Company") (TSX Venture symbol: UNV) is pleased to announce that the shareholders of the Company approved all matters at its annual general & special meeting (“AGSM”) held on October 21, 2020:
1.Setting the number of directors at five (5);
2.The re-election of Clive Massey, Alexander Helmel, James Hyland, Wesley Pomeroy and Wesley C. Hanson as directors of the Company for the ensuing year;
3.The appointment of Dale, Matheson, Carr-Hilton, Labonte, LLP, Chartered Professional Accountants as Auditor for the Company;
4.The approval and confirmation of the Company’s stock option plan;
5.The approval by Disinterested Shareholders to amend the exercise price of *509,583 outstanding Stock Options previously granted to directors to $0.10 per share.

The directors resolved in writing on September 8, 2020 to approve the re-pricing to $0.10 of all 1,197,083 outstanding stock options previously granted to directors and consultants, including *509,583 previously granted to directors of the Company (the “Option Amendment”). All other terms of the Option Agreements remain unchanged and none of the Options may be exercised until TSX Venture Exchange approval has been obtained.

About Universal Copper

Universal Copper Ltd. is a Canadian-based exploration company focused on the acquisition and exploration of copper and precious metals properties. Our objective is to build shareholder value through the acquisition of projects with significant technical merit. The Company's management team has many years of experience in exploration, finance and efficient public company management.

ON BEHALF OF THE BOARD OF DIRECTORS
Clive H. Massey
President & CEO

For additional information please visit the Company's website at www.universalcopper.com