Mr. Ivan Bebek reports

COPPERNICO METALS ANNOUNCES C$5 MILLION LIFE OFFERING

Coppernico Metals Inc. has filed a listed issuer financing exemption (LIFE) offering document to enable it to offer, on a private placement basis, securities to raise gross proceeds of $5-million, representing 14,285,714 units of the company at a price of 35 cents per unit. Each unit will comprise one common share and one share purchase warrant, exercisable for 24 months from the closing date of the offering, at an exercise price of 50 cents per share.

The net proceeds from the offering are intended to be used to advance drill permitting and additional community agreements to support future exploration activities at the company's Sombrero project, and for general corporate and working capital purposes, each as detailed in the offering document being concurrently filed on SEDAR+.

The units will be offered for sale in each of the provinces of Canada (other than Quebec) pursuant to the LIFE under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and in other jurisdictions where permitted by applicable law. The company has filed the Form 45-106F19 offering document with the securities commissions or similar regulatory authorities in each of the relevant provinces. The offering document can be accessed under the issuer's profile on SEDAR+ and the company's website. Prospective investors should read this offering document before making an investment decision.

As the offering is being completed pursuant to the LIFE, the units issued in the offering will not be subject to a hold period in Canada pursuant to applicable Canadian securities laws.

The closing date is targeted for on or about June 26, 2026, with the closing being subject to customary closing conditions, including Toronto Stock Exchange approval for listing of the unit shares issued and issuable on exercise of any unit warrants. Although the offering is not being exclusively brokered, the company will pay cash finders' fees to eligible persons and issue finders' warrants to securities dealers and other eligible persons who refer participating investors to the company, where permitted by applicable law and the TSX. Each compensation warrant will have the same terms as the unit warrants.

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 S.A.C., 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 National Instrument 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 Tipicancha target was determined subsequent to the date of that report.

Common shares of Coppernico Metals are listed on the TSX under the symbol COPR, trade on the OTCQB Venture Market under symbol CPPMF and are quoted over the counter by certain dealers in the unofficial market of the Frankfurt Stock Exchange under the symbol 9I3.

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