Mr. Dan Weir reports

COYOTE COPPER ANNOUNCES CLOSING OF THE FIRST TRANCHE OF ITS OVERSUBSCRIBED FINANCING

Further to Coyote Copper Mines Inc.'s news releases dated May 13, 2026, and May 25, 2026, it has closed the first tranche of its previously announced non-brokered private placement financing of up to 28 million units to be issued at a price of 25 cents per unit with each unit consisting of one fully paid common share and one-half common share purchase warrant in the capital of the corporation, for aggregate gross proceeds of up to $7-million to be used for exploration and general corporate purposes.

Two half warrants will entitle the holder thereof to purchase one common share of the corporation. Each warrant will expire 36 months from the date of issue and will entitle the holder thereof to purchase one common share at a price of 50 cents per warrant share within 36 months from the date of issue.

An aggregate of 20,956,830 units was sold under the first tranche for total gross proceeds of $5,239,207.50

In connection with closing of the first tranche, the company paid aggregate finders' fees consisting of (i) $306,584.53 and up to (ii) 1,466,978 compensation warrants to eligible finders. Each compensation warrant entitles the holder to acquire one warrant share at a price of 50 cents per warrant share for a period of 36 months from the date of issuance of the compensation warrant.

The closing of the first tranche is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the first tranche of the offering are subject to a four-month-plus-one-day hold period commencing on the date of issuance. The remaining tranche(s) of the offering is anticipated to be completed on or around June 15, 2026.

We seek Safe Harbor.