Mr. Simon Quick reports

CANADIAN COPPER ANNOUNCES CLOSING OF FLOW-THROUGH PRIVATE PLACEMENT

Canadian Copper Inc. has closed its non-brokered flow-through share offering, consisting of 2,710,517 flow-through shares of the company at a price of 19 cents per FT share for aggregate gross proceeds of $515,000. There were no warrants as part of this financing.

Simon Quick, chief executive officer of Canadian Copper, stated: "We would like to simultaneously thank and welcome a new small group of strategic shareholders to Canadian Copper. This flow-through placement did not utilize a flow-through fund, and these investors share our view that the Bathurst camp of New Brunswick remains both prospective for exploration and is also a top-tier jurisdiction to develop new Canadian mines. With this raise now closed, we are excited to start working on the Murray Brook East property."

The notice of planned work (NPW) was submitted to the New Brunswick government on April 8, 2025. The current program will consist of:

1. Prospecting and geologic mapping;
2. Excavation of up to 14 trenches ranging from two to 20 metres wide by 50 to 300 metres long;
3. Several near-surface drill holes to test known geochemical and geophysical targets.

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 the second quarter of 2025 and include prospecting, trenching and drilling activities. Murray Brook East has a minimum spend requirement of approximately $140,000 per year to maintain its good-standing status. The company's budgeted figure of approximately $500,000 will satisfy carryover holding expenses because of Canadian Copper's transaction with Votorantim Metals Canada.

The proceeds of the FT 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 FT shares, effective Dec. 31, 2025. The company paid 6 per cent in finders' fees associated with the FT offering.

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 of New Brunswick, Canada.

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