Highland Completes First Tranche of Private Placement and Provides an Update on Acquisitions

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Highland Copper Company Inc. (TSX VENTURE:HI) ("Highland" or the "Company") is
pleased to announce that it has completed a first tranche of its previously
announced (see news release of February 18, 2014) non-brokered private placement
of up to 110,000,000 of its common shares at $0.50 per common share (the
"Offering"), issuing a total of 4,127,400 common shares for net proceeds of
$1,993,015. The proceeds are to be used for general corporate purposes. The
investors under this first tranche of the Offering agreed to waive the
conditions related to the closing of the acquisition of the Copperwood and White
Pine projects, which transactions are fully described in news releases dated
February 11, 2014 and March 5, 2014. Following closing of this first tranche of
the Offering, the Company has 56,471,945 common shares issued and outstanding.


Certain directors of the Company participated in the first tranche of the
Offering, purchasing 1,100,000 common shares. These constitute related party
transactions pursuant to TSX Venture Exchange Policy 5.9 and Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The Company relied on Section 5.5(a) of MI 61-101
for an exemption from the formal valuation requirement and Section 5.7(1)(a) of
MI 61-101 for an exemption from the minority shareholder approval requirement of
MI 61-101 as the fair market value of the transaction insofar as the transaction
involved interested parties did not exceed 25% of the Company's market
capitalization. 


All common shares issued under the Offering are subject to a four-month hold
period from the date of closing. The common shares have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or applicable exemption
from the registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the Shares in any jurisdiction in which such offer, solicitation or sale
would be unlawful. Any public offering of securities to be made in the United
States must be made by means of a prospectus containing detailed information
about the Company and management, as well as financial statements.


White Pine

As announced on March 5, 2014, the Company and Copper Range Company ("Copper
Range") entered into a definitive asset purchase agreement to acquire the White
Pine project located in the Upper Peninsula region of Michigan, U.S.A. The
Company and Copper Range have agreed to extend the date of completion of the
interim closing of the acquisition from March 14 to March 21, 2014, pending
receipt of TSXV acceptance and third party consent. 


As part of the transaction, the Company and Copper Range have entered into an
Access Agreement which allows the Company to initiate exploration activities
before the closing of the transaction. The Company has initiated a drilling
program at White Pine to take advantage of frozen conditions and a quality
assurance program to validate historical drilling results. 


Copperwood

On February 11, 2014, the Company and Orvana Minerals Corp. ("Orvana") entered
into a definitive agreement whereby Highland will acquire all rights, title and
interest in the Copperwood project from Orvana through the acquisition of all of
the outstanding shares of Orvana Resources US Corp. Copperwood is located
approximately 30 kilometers southwest of the White Pine project. Closing of the
Copperwood acquisition is conditional upon the completion of a financing to fund
the acquisition and receipt of all required regulatory approvals including the
approval of the TSX Venture Exchange. 


The Company expects to complete the Offering and the Copperwood acquisition by
April 30, 2014. 


ABOUT HIGHLAND

Highland Copper Company Inc. is a Canadian exploration company focused on
exploring and developing copper projects on the Keweenaw Peninsula within the
Upper Peninsula of Michigan, U.S.A. Highland's common shares are listed on the
TSX Venture Exchange under the symbol 'HI'.


Additional information about Highland is available on the Company's website at
www.highlandcopper.com and on SEDAR at www.sedar.com 


CAUTIONARY STATEMENT

Certain statements contained in this press release constitute forward looking
information under the provisions of Canadian securities laws. These include,
without limitation, statements related to: the completion of the Offering; the
completion of the acquisition of the White Pine and Copperwood projects; the
validation of historical results and other statements regarding the Company's
plans. Such statements reflect the Company's views as at the date of this press
release and are subject to certain risks, uncertainties and assumptions, and
undue reliance should not be placed on such statements. Actual results may be
materially different from those currently anticipated. Many factors, known and
unknown could cause the actual results to be materially different from those
expressed or implied by such forward looking statements. Such risks include, but
are not limited to: the inability to raise the full amount of the Offering; the
inability to meet the conditions to close the acquisition of the White Pine
project or the Copperwood project or both. The Company does not intend, and does
not assume any obligation, to update these forward-looking statements and
information, except as required by law. Accordingly, readers are advised not to
place undue reliance on forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Fennell, Executive Chairman
1.450.677.2455


James Crombie, Interim President
1.450.677.2455
Email: [e-mail]
Website: www.highlandcopper.com