Highland Copper announces filing of Interim Financial Statements and provides an Update of Activities

LONGUEUIL, QUEBEC--(Marketwired - May 16, 2017) - Highland Copper Company Inc. (TSX VENTURE:HI) (the "Company") announces that it has filed on SEDAR its interim financial statements and MD&A for the third quarter ended March 31st, 2017. At March 31, 2017, the Company's working capital totaled $21.0 million, which includes cash of $26.3 million. The Company's cash position includes the proceeds from the private placement completed in four tranches (between November 30, 2016 and March 24, 2017) for aggregate gross proceeds of $30.0 million. A total of 300 million units, with each unit comprised of one common share and one half of one common share purchase warrant, were sold at $0.10 per unit. Each warrant is exercisable for a period of 12 months from its respective issue date at an exercise price of $0.15 per share. An amount of $1.1 million was invested during the interim period on exploration and evaluation activities, which consisted mostly of drilling expenses at the Copperwood Project.