Mr. Jeremy Yaseniuk reports

COPAUR ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Copaur Minerals Inc. has closed its previously announced non-brokered private placement consisting of a total of one million units of the company's securities at a price of 50 cents per unit for gross proceeds of $500,000, which was fully subscribed by Jeremy Yaseniuk, the company's chief executive officer, and Conrad Swanson, the company's chairman. See the company's news release disseminated Aug. 21, 2023.

Each unit consists of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of 75 cents for a period of 24 months following the date of issuance.

The proceeds from this private placement will be used to continue to advance the exploration at the company's flagship Kinsley Mountain gold property in Nevada.

Jeremy Yaseniuk, the chief executive officer, and Conrad Swanson, the chairman of the company, sold an aggregate of 1.2 million common shares of the company from their personal holdings through the facilities of the TSX Venture Exchange and invested $500,000 of the proceeds from the share sale in the private placement.

All securities issued in connection with the private placement are subject to a regulatory hold period of four months and one day from the closing of the private placement.

The participation of insiders in the private placement was in excess of 25 per cent of the private placement. The issuance of securities to insiders pursuant to the private placement is considered to be a related party transaction subject to the requirements of TSX-V Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that amount invested in the private placement by the insiders will not exceed 25 per cent of the company's market capitalization.

About Copaur Minerals Inc.

Copaur Minerals is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia. The company is backed by a dynamic and experienced team of resource professionals advancing multiple holdings across both regions -- the Kinsley Mountain gold property, the Bolo property and the Troy Canyon property, all located in Nevada, and the Williams gold-copper property, located in British Columbia.

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