Mr. George Ogilvie reports

ARIZONA SONORAN ANNOUNCES CLOSING OF C$86.3 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF SHARES

Arizona Sonoran Copper Company Inc. has closed its previously announced private placement of common shares of the company, pursuant to which the company issued, on a bought deal basis, 25,746,300 common shares, including 3,358,200 common shares issued pursuant to the exercise in full of the option granted to the underwriters (as defined herein), at a price of $3.35 per common share, for aggregate gross proceeds of $86,250,105.

The private placement was completed pursuant to an underwriting agreement dated Dec. 2, 2025, entered into among the company and a syndicate of underwriters led by Canaccord Genuity Corp., as lead underwriter and sole bookrunner, and including Desjardins Securities Inc., Paradigm Capital Inc., Raymond James Ltd., Scotia Capital Inc., Cormark Securities Inc., Haywood Securities Inc., RBC Dominion Securities Inc. and Stifel Nicolaus Canada Inc.

The net proceeds of the private placement will be used for certain early development activities at the company's Cactus project, as well as for working capital and general corporate purposes. The company believes that it is now well financed to execute on its key workstreams, including the completion of permit amendment processes and the definitive feasibility study, advancement of project financing and other expenditures related to early stage development activities at the Cactus project.

The common shares issued under the private placement are subject to a statutory hold period under applicable Canadian securities laws, expiring on April 3, 2026.

The private placement remains subject to the final approval of the Toronto Stock Exchange.

About Arizona Sonoran Copper Company Inc.

Arizona Sonoran Copper is a copper exploration and development company with a 100-per-cent interest in the brownfield Cactus project. The Cactus project, on privately held land, contains a large-scale porphyry copper resource and a recent 2025 PFS (preliminary feasibility study) proposes a generational open pit copper mine with robust economic returns. Cactus is a lower-risk copper developer benefitting from a state-led permitting process, in place infrastructure, highways and rail lines at its doorstep and on-site permitted water access. The company's objective is to develop Cactus and become a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. The company is led by an executive management team and board which have a long-standing record of successful project delivery in North America complemented by global capital markets expertise.

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