Mr. Jeremy Yaseniuk reports

COPAUR MINERALS GRANTS AN OPTION ON THE WILLIAMS PROPERTY TO OMEGA PACIFIC RESOURCES INC.

Copaur Minerals Inc. has granted a three-phase option to Omega Pacific Resources Inc. to earn up to a 100-per-cent interest in the Williams property located in the Toodoggone region of Northern British Columbia, under the terms of an option agreement dated Feb. 29, 2024. The option is subject to regulatory approval. The objective is to advance the Williams property, and provide Copaur with a share position in Omega and additional cash to continue to advance its exploration efforts in Nevada.

Under the first option, Omega can earn a 51-per-cent interest in the Williams property by paying to Copaur $1-million in cash, issuing three million shares to Copaur upon Canadian Securities Exchange approval of the option agreement and incurring $3-million in exploration expenditures on or before the first-year anniversary of the option agreement. If Omega exercises the first option, Omega has a second option to acquire an additional 29-per-cent interest (for a total of 80 per cent) by completing another $3-million in exploration expenditures, paying $500,000 in cash and issuing two million shares to Copaur on or before the second anniversary of the option agreement. If Omega exercises the second option, Omega will have a third option to acquire the remaining 20 per cent by paying an additional amount to Copaur equal to the fair market value of the remaining 20 per cent, as determined by an independent valuator, which Omega may satisfy by the payment of cash or the issuance of additional shares of Omega on or before the third-year anniversary of the option agreement.

In the event that Omega does not exercise the second option to acquire the additional 29-per-cent interest, Omega will relinquish and transfer back to Copaur a 1.01-per-cent interest in the Williams property so that Copaur will hold a 51-per-cent interest and Omega will hold a 49-per-cent interest, and the parties will form a an initial 51-per-cent/49-per-cent joint venture. If Omega exercises the second option but does not exercise the third option to acquire a 100-per-cent interest, the parties will be deemed to form an initial 80-per-cent/20-per-cent joint venture to continue to advance the Williams property.

The Williams property is a consolidated land package composed of mining claims totalling 9,731 hectares. The property has substantial gold and copper discovery potential, and hosts two large exploration targets, the T-Bill prospect, which is prospective for mesothermal-style gold mineralization, and the GIC porphyry prospect, which is prospective for porphyry copper-gold-molybdenum-style mineralization.

Jeremy Yaseniuk, chief executive officer, stated: "We have successfully finalized a deal on the Williams property with Omega Pacific, a new company that will advance the Williams property, and provide Copaur with enough cash and shares to fund Copaur's Nevada exploration while retaining an interest in the potential of the Williams property. This eliminates the immediate need for financing at today's dilutive prices and provides us with working capital for over a year. Additionally, this transaction will leave Copaur with 20 per cent of the entire project for the long term, unless Omega exercises the third option. If completed, this structure will inject $1.5-million into Copaur. If the first and second options are fully exercised, Copaur will receive five million shares of Omega and $6-million] to advance the project, while retaining a 20-per-cent interest. This is an outstanding deal for Copaur shareholders. It will enable our management team to focus on expanding our Nevada portfolio, particularly the Kinsley gold property, and allow our shareholders to continue benefiting from the value of Williams."

About Copaur Minerals Inc.

Copaur 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 flagship being Kinsley Mountain gold property, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines), and its 100-per-cent-owned Williams project that points to significant gold-copper potential within the prolific Golden Horseshoe of Northern British Columbia, Canada. Copaur remains dedicated to delivering substantial growth and value creation for its shareholders through strategic asset development and management. The company looks forward to the opportunities that lie ahead and will continue to provide updates on its progress.

Qualified person

The scientific and technical information contained in this news release regarding Copaur Minerals has been reviewed and approved by Kristopher J. Raffle, PGeo (British Columbia), principal and consultant of Apex Geoscience Ltd. of Edmonton, Alta., and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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