File: Attachment NR-Jan20-2026-ShrDebt Completion & Warrant Extensions.pdf

January 20, 2026

NEWS RELEASE Bell Copper Company

Bell Copper Announces Completion of Shares for Debt Settlement Extensions of Warrants

VANCOUVER, B.C. - Bell Copper Corporation (TSX.V: BCU) (OTCQB: BCUFF) ("Bell Copper" or the "Company") announces that further to its news release of December 3, 2025, the Company is pleased to report that it has now received TSX Venture Exchange acceptance to the settlement of an aggregate $412,919.48 of debt ("Debt") owing to certain creditors, by the issuance of a total of 8,285,390 common shares ("Shares") in the capital of the Company at a deemed price of $0.05 per Share. No warrants are being issued in connection with the debt settlement. The Shares issued in the debt settlement are subject to a 4-month hold period which expires May 21, 2026.

A total of $116,319.50 of the Debt relates to advances made by Non Arm's Length parties of the Company ("NAL's") to assist the Company with meeting time sensitive financial obligations, detailed as follows: an aggregate $42,217.50 loaned in April, June and October, 2025 by Godbe Drilling Inc., a company controlled by Jonathan Godbe, a director of the Company; an aggregate $40,740.00 loaned in March, April and August, 2025 by William D. Hart, a director of the Company; $7,000.00 loaned by Mario Stifano, a director of the Company; and an aggregate $26,362.00 loaned over multiple occasions during the period September, 2024 to May, 2025 by Dr. Timothy Marsh, President, CEO and director of the Company. There were no formal agreements entered into with the NAL's for these loans to the Company and therefore no terms established regarding repayment, interest being incurred or collateral security required. The NAL's provided these advances to provide the Company with temporary financial support while the Company is engaged in ongoing discussions for a future financing or other potential arrangements with industry participants, with the intention for them to be repaid in a timely manner.

The Issuance of the Shares in settlement of the Debt with the NAL's is considered to be a related-party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but are exempted from the requirements to obtain a formal valuation and to obtain minority approval, as the issuance of the Shares does not exceed 25% of the Company's market capitalization. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101.

Warrant Extension The Company further announces that it has received TSXV acceptance to the extension of the expiry dates of a total of 1,448,500 share purchase warrants, originally issued December 28, 2022 and 2,391,666 share purchase warrants originally issued January 31, 2023 (collectively the "22/23 Warrants") in connection with a non-brokered private placement which completed in two tranches. The expiry date of the 1,448,500 share purchase warrants has now been extended from December 28, 2025 to December 28, 2026 and the expiry date of the 2,391,666 share purchase warrants has now been extended from January 31, 2026 to January 31, 2027. The exercise price of $0.20 per 22/23 Warrants remains the same.

Suite 2700, 1133 Melville Street | Vancouver, British Columbia | V6E 4E5 | Canada 1-800-418-8250 | www:bellcopper.net | info@bellcopper.net Page |2

In addition, further to the Company's news release of January 12, 2026, the Company has also received TSXV acceptance to the extension of the expiry date of 2,868,550 share purchase warrants, originally issued January 30, 2024 (the "2024 Warrants") in connection with a non-brokered private placement, by a further twelve months. The expiry date of these warrants has now been extended from January 30, 2026 to January 30, 2027 and the exercise price of $0.08 for the 2024 Warrants remains the same.

About Bell Copper Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry Copper Project and the Perseverance Porphyry Copper Project which is under a Joint Venture - Earn In.

On behalf of the Board of Directors of Bell Copper Company

"Timothy Marsh"

Timothy Marsh, President, CEO & Director

For further information please contact the Company Tel: 1 800 418 8250 Email: info@bellcopper.net

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

Forward Looking Statements

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the ability of the Company to procure future financings. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Bell Copper operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: that actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

www.bellcopper.net | Vancouver, BC, Canada | 1 800 418 8250