Kombat Copper Inc.

Kombat Copper Inc.

February 26, 2015 07:00 ET

Kombat Copper Announces Surface Drill Program at the Kombat Mine

TORONTO, ONTARIO--(Marketwired - Feb. 26, 2015) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat" or the "Company") is preparing for a surface drill program at the Kombat Mine property, expected to commence in mid-March 2015. The program will begin a renewed focus on defining a near-surface mineral resource to support an open pit scenario that would allow a fast track to production.

The program includes a 2,000 metre diamond drill campaign targeting the area surrounding the #1 and the #3 Shafts, which were the primary access points for the historic Kombat Mine (see Figure 1). Past production from the mine over a 45 year period was 12.46 million tonnes grading 2.62% Cu and 18.0g/t Ag.

Kombat Copper has enlisted the services of a reputable Namibian-based drill contractor to complete the drilling activities.

"There is evidence from past drilling and established underground workings in the area to be tested by this drilling that supports the concept of a potentially significant near-surface mineral resource that could be mined by open pit." stated Bill Nielsen, President and CEO of Kombat Copper. "This initial drill program's objective is to establish the style and structural emplacement of mineralization in several prioritized areas. Additional drilling will be required to attain a sufficient density to calculate a compliant mineral resource estimate. The Company is greatly encouraged that recent compilation work and consultation with past mine staff has provided this opportunity to define near-surface mineral resources that could be fast tracked to production."

Kombat Copper at PDAC 2015

Kombat Copper will be exhibiting at the PDAC 2015 Investor Exchange from March 1st - 2nd. Kombat will be located at Booth 2221 and welcomes existing shareholders and interested investors to visit the Kombat Team. For more information on PDAC 2015 please visit their website at www.pdac.ca/convention

Kombat Issues Options

Kombat has granted a total of 7,220,000 stock options of the Company to its officers, directors and certain consultants. The stock options vest immediately, subject to a four-month regulatory hold period, and may be exercised at a price of $0.10 per option for a period of five years from the date hereof. The grant of options is subject to the approval of the TSX Venture Exchange.

About Kombat Copper

Kombat Copper (TSX VENTURE:KBT) is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world's most prospective copper regions, where it has substantial assets in place with significant upside.

The Company holds an 80% interest in five Mining Licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company's flagship property: the past-producing Kombat Mine. The Kombat Mine's extensive infrastructure includes an 800m production shaft which was opened in 2006, two additional recently-operational shafts, three ramp systems, extensive underground workings, mine buildings, a tailings facility, a mill and concentrator all supported by the Company's local town site. The Kombat mine originally opened in 1962 and historically produced 12.46 million tonnes of ore grading 2.62% copper over a period of 45 years. It is linked to vital existing infrastructure, including power, water, roads, and rail with close proximity to the port of Walvis Bay and to one of only five commercial-grade smelters in Africa located in Tsumeb, located 100 road kilometers away from Kombat.

Qualified Person

F. W. Nielsen, P.Geo., President and CEO of Kombat Copper, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.

Cautionary Notes

Neither 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.

This news release may contain forward-looking statements. These statements include statements regarding theproposed drill program, the Company's expectations regarding mineral resources and potential development work and the Company's plans for the Kombat Mine.. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

To view the accompanying Figure 1, visit the following link: http://media3.marketwire.com/docs/022615Kombat_Figure1.pdf

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