Highland Copper Announces Debt Settlement

LONGUEUIL, QUEBEC--(Marketwired - Dec. 14, 2016) - Highland Copper Company Inc. (TSX VENTURE:HI) (the "Company") announces that it has received acceptance of the TSX Venture Exchange for the debt conversion previously announced on December 2, 2016. The Company settled an outstanding indebtedness in the amount of $494,985.75 owing to Laurentian Mountains Investments Limited, a company owned by David Fennell, the Company's Chairman, by issuing 4,949,857 common shares and 2,474,929 share purchase warrants. Each warrant entitles the holder to purchase one common share of the Company for a period of 12 months. The shares and warrants are subject to a four-month-and-one-day hold period.

About Highland

Highland Copper Company Inc. is a Canadian exploration company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. The Company now has 189,198,483 common shares issued and outstanding. More information about the Company is available on the Company's website at www.highlandcopper.com and on SEDAR at www.sedar.com.

Cautionary Statement

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.