Mr. Glen Williams of Sprott Inc. reports

SPROTT PHYSICAL COPPER TRUST ANNOUNCES PRELIMINARY PROXY RESULTS FOR UNITHOLDER MEETING AND ANTICIPATED LISTING DATE ON THE NYSE ARCA

Based on proxies received by Sprott Physical Copper Trust prior to the proxy submission deadline earlier today, holders of the units of the trust Units") are expected to approve the restructuring of the trust from a non-redeemable investment fund to a mutual fund for the purposes of applicable Canadian securities laws at the special meeting of unitholders scheduled to be held at 9 a.m. Toronto time on April 30, 2026, and the units are expected to begin trading on the NYSE Arca under the symbol SCOP on or about May 4, 2026.

Unitholder approval of the mutual fund restructuring remains subject to the vote to be conducted at the meeting, and the listing of the units on the NYSE remains subject to obtaining unitholder approval at the meeting, and the filing and effectiveness of a registration statement filed under the U.S. Securities Exchange Act of 1934 in respect of the listing of the units on the NYSE Arca.

About Sprott Inc.

Sprott is a global asset manager focused on precious metals and critical materials. Sprott consists of specialists. Sprott believes its in-depth knowledge, experience and relationships separate Sprott from the generalists. Sprott's investment strategies include exchange-listed products, managed equities and private strategies. Sprott has offices in Toronto, New York, Connecticut and California, and Sprott's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII. Sprott Asset Management LP is a wholly owned subsidiary of Sprott and is the investment manager to the trust.

About Sprott Physical Copper Trust

Important information about the trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the current annual information form for the trust and the trust's prospectus. Please read these documents carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the trust on a stock exchange. If the units are purchased or sold on a stock exchange, investors may pay more than the current net asset value when buying units or shares of the trust, and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

We seek Safe Harbor.