Copperstone Resources: Distribution in kind of the holdings in Nordic Iron Ore AB prior to its market listing

The Board of Copperstone Resources AB (publ) (the "Company" or "Copperstone") is pleased to announce that Nordic Iron Ore AB (publ) ("NIO" or "Nordic Iron Ore") is preparing a market listing of their shares (the "Listing"). Copperstone currently holds 11.157.684 shares in NIO, corresponding to approximately 10.2 percent of the total shares in Nordic Iron Ore.

The Board of Copperstone will propose to its Annual General Meeting 2018 to make a resolution regarding a pro-rata distribution in kind, to the Copperstone shareholders, of the Company's holdings in Nordic Iron Ore. Tentatively, every twenty two (22) shares in Copperstone will entitle to one (1) share of Nordic Iron Ore. In addition, the Board of Copperstone has agreed to convert 50% of the Company's loan including accrued interest (as per today's date the total loan amounts to approx. 16.102 MSEK) (the "Loan") into new shares in Nordic Iron Ore at the price 0.50 SEK per share (the "Converted Shares"), equivalent to the price in NIO's recently announced preferential rights issue.

This conversion is conditioned upon a resolution from the General Meeting to be held in NIO. The Converted Shares will be placed in conjunction with the Listing. The remaining 50% of the Loan, including accrued interest, has been re-negotiated into a two-year convertible loan with a conversion price of 1 SEK per share in NIO, equivalent to the exercise price of the warrants to be issued in NIO's preferential rights issue. The annual interest rate amounts to 5.5%. Between year one and two, Copperstone may call upon conversion of the convertible loan and accrued interest into shares, and NIO may, also between year one and two, call to repay the convertible loan, and Copperstone is in such case entitled to opt for shares or cash. At maturity, NIO may call on conversion. For more information regarding Nordic Iron Ore, the background and reasons for the Listing, as well as the proposed rights issue, please refer to www.nordicironore.se

"Nordic Iron Ore is an exciting company that has taken substantial steps forward towards a re-opening of the Ludvika mines and the production of high grade iron ore. Copperstone is consistently focusing more at its core business of the Copperstone project in Norrbotten, and consequently a distribution in kind of the NIO holding to our shareholders, followed by a capitalisation and listing of NIO is a logical next step and the best solution for the future of both Copperstone and NIO. Through the proposed transactions, Copperstone shareholders will initially receive an additional 10% of NIO, Copperstone will receive cash and at the same time retain a significant interest in NIO through the remaining bond loan being re-negotiated into a convertible loan with a significant option value", comments Copperstone Chairman Michael Mattsson.

10th April, 2018

For further information, please contact Chris McKnight (CEO) at +46(0)580-88890, Michael Mattsson (Chairman) +46 705 739 777, info@copperstone.se or refer to Copperstone webpage: www.copperstone.se

This press release contains insider information which Copperstone Resources AB (publ) is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above mentioned contact for publishing 10th April 2018 at 0800 CET.

About Copperstone

Copperstone is a public company trading as COPP B on NASDAQ First North (Stockholm). The Certified Adviser is Augment Partners AB. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining region of the Skellefte-field in northern Sweden. The Copperstone project is situated on four contiguous exploration permits in Norrbotten County (Sandberget 100 (8074ha), Sandberget 200 (19ha), Sandberget 300 (19ha) and Svartliden 1001 (444ha). In addition the Company owns one exploitation concession within the same area, namely Svartliden K no. 1 (36ha) and an approved application for Eva k no. 1 (34ha) subject to an objection. The Company also owns the Tvistbogruvan K no. 1 (11ha) exploitation concession and the Såggården no. 1 (199ha) exploration permit in the Bergslagen mining region of central Sweden. Quoted surface areas are approximate to the nearest hectare. All exploration permits and exploitation concessions are 100% owned, either directly or through a subsidiary.

About NIO

NIO is a mining company aiming at reopening and developing the iron ore production in the main Ludvika mines Blötberget and Håksberg. Moreover NIO intends to expand its mineral resources and upgrade them to iron ore reserves, mostly through prospecting and study of the Väsman-field, connecting the two main mines.

INTERIM QUARTERLY REPORT (Q318) JULY 1st 2018 TO SEPTEMBER 30th 2018

Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce the Interim Quarterly Report (Q318) for the Company. A brief summary of the report follows:

Financial results for the Group for July 1st to September 30th 2018:

  • Result before taxes amounted to -955 (-962) KSEK.
  • Earnings after tax per share were 0.0 (-0.0) SEK.
  • The cash flow during the period was -5,428 (351) KSEK.

Financial results for the Group for Year to date as of September 30th 2018:

  • Result before taxes amounted to 4,589 (-6,026) KSEK.
  • Earnings after tax per share were 0.02 (-0.03) SEK.
  • The profit for 2018 is due to the netting of receivable in NIO for shares and a convertible. The receivable was acquired by Copperstone at a discount to nominal value in 2016, generating a profit of 8.2 MSEK at its finalization before the listing of NIO at Nasdaq First North.
  • The closing balance of cumulative capitalized expenditure for exploration amounted to 56,483 (35,694) KSEK.
  • Total assets at the end of the period was 77,387 (50,760) KSEK.
  • The cash flow during the period was -25,949 (1,606) KSEK.
  • The liquidity at the end of the period was 2,337 (4,335) KSEK.

NOTICE (IN SWEDISH) OF EXTRA GENERAL MEETING IN COPPERSTONE RESOURCES AB (PUBL)

KALLELSE TILL EXTRA BOLAGSSTÄMMA I COPPERSTONE RESOURCES AB (PUBL)


NORRLANDSFONDEN TO CONVERT 1.5 MSEK INTO B-SHARES OF COPPERSTONE

Copperstone Resources AB ("Copperstone" or "the Company") announces that Stiftelsen Norrlandsfonden ("Norrlandsfonden") will convert 1.5 MSEK of the September 2015 tranche, into 6,250,000 B-shares in Copperstone at a conversion price of 0.24 SEK. The transaction will result in a strengthening of the financial net and balance sheet of Copperstone. The share capital of Copperstone will increase by 625,000 SEK to 24,860,376.10 SEK. The number of outstanding shares will increase to 248,603,761, corresponding to a dilution of 2.51% (of the total 5.92% indirect ownership in Copperstone that Norrlandsfonden currently holds).


VISCARIA COPPER PROJECT: SHARE SALE AND PURCHASE AGREEMENT SIGNED

The Board of Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that it has entered into a Share Sale and Purchase Agreement ("SPA") with Sunstone Metals Ltd Australia ("Sunstone") regarding the acquisition of 100% of Avalon Minerals Viscaria AB ("Viscaria"), substantially in accordance with the Letter Of Intent signed and announced between the parties 8th August 2018.


AWARD EVA K NO. 1 EXPLOITATION CONCESSION CONFIRMED BY THE SWEDISH GOVERNMENT

Copperstone Resources AB ("Copperstone" or "the Company") is pleased to inform that the Swedish Government today has informed the Company about a decision to reject the objection to award the Company exploitation concession Eva k no. 1.


LARGE SCALE MINERAL RESOURCE POTENTIAL AT THE COPPERSTONE AREA

Copperstone Resources AB ("Copperstone" or "the Company") is building a model to define a large-scale copper resource at Granliden/Svartliden. The model also opens up significant blue-sky potential. An Inferred Resource is to be established by the end of October 2018.


COPPERSTONE RESOURCES AB: DRILLHOLE COS18364 RETURNS 103m WITH 0.42% COPPER MINERALISATION EAST OF GRANLIDEN HILL

Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce significant copper assay results from drillhole COS18364 in the Granliden Hill area.


INTERIM QUARTERLY REPORT (Q218) 1 APRIL 2018 TO 30 JUNE 2018

Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce the Interim Quarterly Report (Q218) for the Company. A brief summary of the report follows:


DRILLING CAMPAIGN ACCOMPLISHED AND CAUSATIVE PORPHYRY STOCK LOCATED CENTRAL TO WIDESPREAD COPPER MINERALISATION

Copperstone Resources AB ("Copperstone" or "the Company") is pleased to announce that the planned exploration drilling campaign at Granliden is complete on time and budget. A total of 10 deep NQ drill holes (7,616m) were accomplished over a period of 7.5 months, representing approximately 95% of the planned 8,000m. A second campaign of NSAMT has also been completed this summer.


UPDATE ON EVA K NO. 1 EXPLOITATION CONCESSION

Today, Copperstone Resources AB ("Copperstone") to the Swedish Government has filed follow-up information regarding an objection to award exploitation concession Eva k no. 1. In Copperstone's view, the Mining Inspector's decision to award the exploitation concession is expected to be the most likely and final outcome.


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