Mr. Jonathan Egilo reports

AXO COPPER ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS

Further to Axo Copper Corp.'s news releases dated Jan. 28, 2026, it has filed a final short form prospectus dated Feb. 13, 2026, with the securities commissions in each of the provinces of Canada, except Quebec, in connection with its bought deal public offering of units of the company at 70 cents per unit for aggregate gross proceeds of $35-million. Each unit comprises one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $1.00 per warrant share for a period of 18 months following the closing of the offering.

The offering is being conducted through a syndicate of underwriters including Desjardins Capital Markets and BMO Capital Markets as co-lead underwriters and joint bookrunners, and Stifel Nicolaus Canada Inc. The company has granted the underwriters an option, exercisable, in whole or in part, at anytime until and including 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering. If this option is exercised in full, an additional $5.25-million in gross proceeds will be raised pursuant to the offering and the aggregate gross proceeds of the offering will be $40.25-million.

The offering is being conducted in each of the provinces of Canada, except Quebec, and outside of Canada in accordance with applicable securities laws.

Closing of the offering is expected to occur on or about Feb. 19, 2026. The TSX Venture Exchange has conditionally approved the listing of the common shares to be issued pursuant to the offering (including any exercise of the overallotment option), subject to customary conditions.

Final short form prospectus is accessible through SEDAR+

Access to the final prospectus and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a prospectus. The final prospectus is accessible on SEDAR+. An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from Desjardins by e-mail at ecm@desjardins.com by providing the contact with an e-mail address or address, as applicable. The final prospectus contains important detailed information about the company and the offering. Prospective investors should read the final prospectus and the other documents the company has filed on SEDAR+ before making an investment decision.

About Axo Copper Corp.

Axo Copper is a Canadian mineral exploration company engaged in the exploration and development of the La Huerta property, a new copper discovery in Jalisco, Mexico, and the San Antonio gold property, a past-producing oxide copper mine located in Sonora, Mexico.

We seek Safe Harbor.