Mr. Simon Quick reports

CANADIAN COPPER ANNOUNCES A NON-BROKERED FLOW-THROUGH OFFERING

Canadian Copper Inc. has initiated a non-brokered flow-through share offering of up to 2,631,580 flow-through shares of the company at a price of 19 cents per flow-through share, with each flow-through share consisting of one common share of the company that qualifies as a flow-through share as defined in Section 66(15) of the Income Tax Act (Canada). The flow-through offering is for aggregate gross proceeds of up to $500,000.

Simon Quick, chief executive officer of Canadian Copper, stated: "This FT offering is fully subscribed and placed with one group of strategic shareholders who are also interested in supporting the Caribou complex acquisition financing. Murray Brook East is situated between two mines, remains underexplored and is in a highly prospective region of the Bathurst camp in New Brunswick. The previous owner (Votorantim Metals Canada) completed excellent work on this property, including a 5.7-kilometre soil survey, which coincides with a strong geophysical anomaly. Our exploration plan for this area will include prospecting, trenching and [approximately] 1,500 metres of drilling to test this target area."

The purpose and use for this proposed financing are to advance the Murray Brook East project, which is located between the Murray Brook deposit and the Caribou complex. The program will start in Q2 2025 and include prospecting, trenching and drilling activity. Murray Brook East has a minimum spend requirement of approximately $140,000 per year to maintain its good standing status. Canadian Copper's budgeted figure of $500,000 will satisfy carryover holding expenses because of Canadian Copper's transaction with Votorantim Metals Canada.

The proceeds of the flow-through offering will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, as both terms are defined in the Income Tax Act (Canada) related to the company's projects in New Brunswick, Canada. The company plans to incur qualifying expenditures on or before Dec. 31, 2026 (or such other period as may be permissible under applicable tax legislation), and to renounce all the qualifying expenditures in favour of the subscribers of the flow-through shares effective Dec. 31, 2025.

Closing is expected on or about April 4, 2025, or such other date as the company may determine. While the flow-through offering is being effected by the company on a non-brokered basis, the company may pay finders' fees to arm's-length third parties consisting of a cash commission of up to 6 per cent of the gross proceeds of the flow-through offering. A statutory four-month-plus-one-day hold period will apply to all securities issued in connection with the flow-through offering. The flow-through offering is subject to Canadian Securities Exchange and regulatory approval.

About Canadian Copper Inc.

Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The company is focused on the prolific Bathurst mining camp (BMC) of New Brunswick, Canada. There are currently 102,271,319 shares issued and outstanding in the company.

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