Carube Copper Corp Receives Final Approval for Listing and Commences Trading on the TSX Venture Exchange

Toronto, Ontario--(Newsfile Corp. - July 7, 2015) - Carube Copper Corp. (TSXV: CUC) (formerly Miocene Resources Limited) (the "Company" or "Carube"), is pleased to announce that it has received final approval from the TSX Venture Exchange ("TSXV") to list its common shares on the TSXV as a Tier 2 Mining Issuer following completion of the reverse takeover business combination between Miocene Resources Limited (formerly TSXV: MII) and Carube Resources Inc. The Company also announces that its common shares will commence trading today on the TSXV under the symbol "CUC".

Vern Rampton, President and CEO of Carube stated, "The completion of our reverse takeover of Miocene Resources Limited and the listing of our shares on the TSXV are important milestones as we work to create value for our shareholders. We are now uniquely positioned for growth with OZ Minerals Limited's $3,600,000 2015 exploration program on our Bellas Gate Joint Venture in progress, their pending decision in 2015 for additional joint ventures on our other three Jamaican projects and our funding being in place to explore our BC properties. The latter work has the potential to advance the BC properties to the stage where they are of interest to major funding partners."

About Carube Copper Corp.

Carube is a Canadian private exploration company focused on the rapid exploration and development of precious metal and copper projects in Jamaica. Through its wholly owned subsidiaries, Carube owns a 40% beneficial interest (subject to a 2% NSR) in the Bellas Gate Project consisting of two highly prospective copper/gold/silver licences covering 84 square kilometres of the Central Inlier. The Bellas Gate Project is the subject of a joint venture agreement with OZ Minerals Limited ("OZ Minerals"), an Australian copper-gold producer with a market capitalization of over $1B. OZ Minerals can earn a 70% interest (Carube 30%) in the Bellas Gate Project by spending $6.5M and can then increase its interest a further 10% by completing a feasibility study. OZ Minerals also has flown airborne geophysics over 3 other Carube projects (4 wholly-owned licenses, subject to 2% NSRs) and subsequently can invoke separate joint ventures on each project with similar terms as to those for the Bellas Gate Project.

Carube also holds interest in three porphyry copper-gold-molybdenum properties in south-western British Columbia within the Tertiary-aged Cascade Magmatic Arc. Exploration is continuing on two of these projects with a plan towards their becoming of interest to major funding partners.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information, please visit Carube's website at www.caruberesources.com, or contact:

DISCLAIMERS AND FORWARD-LOOKING STATEMENTS

This News Release includes certain "forward-looking statements" which are not comprised of historical facts.   Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. All references to $ means Canadian dollars unless otherwise stated. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations.   Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples and land owners, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.