Mr. Ivan Bebek reports

COPPERNICO OPTIONS KEY CONCESSIONS AT SOMBRERO

Coppernico Metals Inc. has acquired an option on mineral concessions aggregating 600 hectares adjacent to its Tipicancha target at its Sombrero project in Peru. The optioned concessions (the Horizonte concessions) are located in an area where the company's expanding Tipicancha epithermal-porphyry system is believed to continue beyond the boundaries of the current Sombrero project. In 2025, while in discussions regarding the Horizonte concessions, Coppernico staked an additional 1,400 hectares of surrounding mineral concessions. Together, these concessions substantially enhance the land position at Tipicancha, which is a priority target given its strong indicators of potential porphyry source at depth.

Ivan Bebek, chair and chief executive officer of Coppernico, commented: "In the past nine years exploring the Sombrero district, we have both rationalized and acquired ground that we continue to explore with the thesis that we have extended the Andahuaylas-Yauri belt to the west. We are pleased to have secured these strategic concessions prior to the commencement of drilling at our adjacent Tipicancha target, where we are currently in the process of seeking drilling permits."

Terms of the Horizonte concessions option agreement

The option agreement is between the arm's-length owner of the concessions covering the 600 hectares, Exploraciones Horizonte Gold SAC (the optionor) and the company's wholly owned subsidiary, Sombrero Minerales SAC. The subsidiary has been granted immediate rights to conduct exploration activities on the Horizonte concessions and may purchase them by completing $3-million (U.S.) in staged work expenditures over a five-year period and making total payments of $2-million (U.S.). The agreement provides Coppernico with full operational control of the concessions during the option period, allowing the company to advance exploration programs, including geophysical surveys and drilling.

If the option is exercised, the optionor will retain a 1-per-cent net smelter return (NSR) royalty on future production. Coppernico retains the right to reduce the NSR to 0.5 per cent at any time within 10 years of the NSR royalty being established, through a one-time payment of $1-million (U.S.).

The Horizonte concessions are currently in good standing, with no known encumbrances or environmental liabilities, and all required payments have been maintained. Coppernico intends to commence initial exploration activities in the near term.

Tipicancha target and project expansion

Tipicancha is a large-scale copper-gold target defined by an approximately two-kilometre-by-one-kilometre advanced-argillic lithocap developed in andesitic volcanics, characterized by alunite-kaolinite and variable silica alteration. Within this footprint, localized exposures of massive to semi-massive pyrite breccias have returned significant copper values in surface channel sampling, including 22 metres of 0.65 per cent copper, including 10 metres of 1.14 per cent copper (true widths unknown; see news release dated May 21, 2025). This style of copper-bearing breccia is commonly interpreted as evidence of leakage from a fertile porphyry system at depth, making Tipicancha a compelling high-impact target.

The newly added concessions are strategically positioned immediately to the south of the Tipicancha target, expanding Coppernico's ground coverage over a zone of altered volcanic rocks consistent with higher levels and/or lower temperature expressions of lithocap alteration. Within the Horizonte concessions, located approximately 2.5 kilometres south of Tipicancha, is an area that was subject to a condensed historical exploration program by Minera del Suroeste SAC between 2006 and 2007 as part of a joint venture with Newmont. This historical work included approximately 1:10,000-scale geological mapping, surface rock sampling and the completion of three short reverse circulation (RC) drill holes. Mapping documented advanced argillic alteration assemblages, including silica-alunite alteration, vuggy silica, silica breccias and structurally controlled silicified zones, as well as steeply dipping to near-vertical gold-bearing structures identified at surface, consistent with the upper levels of a high-sulphidation epithermal system. Surface sampling defined a coherent geochemical footprint over an approximately 800-metre-by-500-metre sample area, characterized by anomalous to locally high gold and silver values with strong associated arsenic, antimony and mercury anomalies. These data sets were subsequently compiled and interpreted in a 2009 academic thesis based on the Minera del Suroeste exploration program written by Helmut Herrera Fernandez (2009).

The historical drill program comprised three near-vertical RC drill holes spaced approximately 260 metres to 300 metres apart, with total depths ranging from 89 metres to 172 metres. The drill holes intersected extensive hydrothermal alteration and locally anomalous gold values; however, mineralized intervals were short and the program did not effectively test the system at depth or along interpreted structural trends. Coppernico currently interprets these historical results to represent the upper, typically weakly mineralized portion of a vertically extensive hydrothermal system.

Recent geological mapping completed by Coppernico immediately to the north, at the broader Tipicancha target, provides an expanded and deeper erosional view into the system and demonstrates vertical and lateral alteration zonation consistent with a transition from high-sulphidation epithermal conditions toward the base of a lithocap, with potential for porphyry-related mineralization at depth. The company considers these concessions to be at an early stage of exploration and strategically important for advancing a district-scale geological model and vectoring toward higher-potential mineralized zones within the Tipicancha system.

Technical disclosure and qualified person

The scientific and technical information contained in this news release was reviewed and approved by Tim Kingsley, MSc, CPG, Coppernico's vice-president of exploration, who is a qualified person as defined in National Instrument 43-101.

About Coppernico Metals Inc.

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent project evaluation and exploration in pursuit of the discovery of large-scale high-grade copper-gold deposits in the Americas. The company's management and technical teams have a successful record of raising capital, discovery and the monetization of exploration successes. The company's objective is to become a leading advanced copper and gold explorer and, through its wholly owned Peruvian subsidiary Sombrero Minerales, is currently focused on the Ccascabamba (previously referred to as Sombrero Main) and Nioc target areas within the Sombrero project in Peru, its flagship project, while regularly reviewing additional premium projects to consider for acquisition.

The Sombrero project is a land package of approximately 57,000 hectares (570 square kilometres) located in the northwestern margins of the world-renowned Andahuaylas-Yauri trend in Peru. It consists of a number of prospective exploration targets characterized by copper-gold skarn and porphyry systems and precious metal epithermal systems. The company's NI 43-101 technical report, with an effective date of April 17, 2024, and as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba and Nioc target areas of the Sombrero project. The Tipichanca target was determined subsequent to the date of that report.

Common shares of Coppernico Metals are listed on the Toronto Stock Exchange under the symbol COPR, trades on the OTCQB Venture Market under symbol CPPMF and is quoted over the counter by certain dealers in the Unofficial Market of the Frankfurt Stock Exchange under the symbol 9I3.

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