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VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) announced today it has completed a non-brokered private placement pursuant to which it has issued 9,377,273 units (“Units”) at a price of $3.30 per Unit for aggregate gross proceeds of $30,945,000. Each Unit is comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Common Share at an exercise price of $4.10 at any time up to and including December 3, 2022. The proceeds of the private placement will be used to advance the Company’s Marimaca Project and for working capital purposes.

United statesUnited kingdomBritish columbiaJos simson emily mossGreenstone coCompany marimacaNeither the toronto stock exchangeInvestment industry regulatory organization of canadaCompanya common shareMarimaca copper corpMarimaca copperCommon shareEach warrantMarimaca projectGreenstone resourcesGreenstone co investment