In late August 2018, PNG Copper Inc. (PNGC) signed a Joint Venture deal with private Australian-registered company Papuan Minerals Pty Ltd, which owns 100% of Papuan Minerals Ltd (PML) a PNG registered company. PNGC has an option agreement to earn 85% of PML which holds 100% of exploration licences 2391 and 2560 located approximately 200kms southeast of Port Moresby in Papua New Guinea. These licences cover up to 6 targets over an area of approximately 120 square kms (Omu, Urua/Nonia, Araboro, Ioleu, Osio, and Yokai). In early October 2018, we commenced construction of a Field Camp adjacent to the Ada’u River and began our first Field Program in late October. Our target commodities are copper and gold, with target deposit(s) in the +100 million tonne range characteristic of the porphyry copper-gold deposits present along the New Guinea Fold Belt of Papua New Guinea. PNGC is exploring in elephant country home to numerous world-class porphyry copper-gold deposits. Our Exploration License is located at the intersection of the Keveri Fault Zone (NW-SE) and the Dimidi Fault Trend (NE-SW).