Kutcho Copper Amends Convertible Loan Agreement and Receives Credit Facility from Wheaton Precious Metals

Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) announces that Wheaton Precious Metals Corp. (“Wheaton”) has agreed to amend the terms (the “Amendment”) of its $20 million convertible debenture investment (the “Original Debenture”) in Kutcho Copper that closed on December 14, 2017. Wheaton and Kutcho Copper have agreed that the 2 year interest deferral provided in the Original Debenture may, at the election of Kutcho Copper, be extended for 4 years. Wheaton has also agreed to the removal of the ability to convert a portion of deferred interest into Kutcho Copper shares. Kutcho has received conditional approval from the TSX Venture Exchange for the Amendment. For more information regarding the Original Debenture, please see the Company’s October 31, 2017 and December 15, 2017 news releases.

Wheaton has also agreed to make a non-revolving term loan available to the Company for up to $1,300,000 CAD (the “Credit Facility”) with a maturity date of December 31, 2020. Advances under the Credit Facility will be used by the Company if needed and solely for certain costs and expenses in connection with the Kutcho project. The credit facility will bear interest at the rate of 15% per annum.  Closing of the Credit Facility, and any advance thereunder, is subject to customary closing conditions, including the delivery of security.

Vince Sorace, President and CEO of Kutcho Copper states, “Wheaton continues to show their support for the Kutcho project by allowing us to defer interest payments due under the convertible debenture, as well as provide us with additional capital to help advance the Kutcho project.  The Company appreciates their commitment and validation to this great project as we move towards Feasibility”.

Wheaton holds approximately 10.48% of the Company’s outstanding shares pursuant to various prior transactions with Kutcho Copper, as announced in the fall of 2017 and which closed December 14, 2017.  Accordingly, the Credit Facility and the Amendment may be considered to be related party transactions under Multilateral Instrument 61-101, but are exempt from the valuation requirements of MI 61-101 because Kutcho Copper is listed on the TSX Venture Exchange (subsection 5.5(b) of MI 61-101) and the minority shareholder approval requirements because the Credit Facility does not have an equity component (subsection 5.7(f) of MI 61-101) and the Amendment (and the fair market value of the consideration thereunder) is less than 25% of the Company’s market capitalization (subsection 5.7(a) of MI 61-101).

About Kutcho Copper Corp

Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.

Vince Sorace

President & CEO, Kutcho Copper Corp.

For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.