Mr. Andrew Neale reports

COPAUR CLOSES FIRST TRANCHE $4,213,940 PRIVATE PLACEMENT

Copaur Minerals Inc. has closed the first tranche of its non-brokered private placement, subject to acceptance by the TSX Venture Exchange, as previously announced on Oct. 6, 2026, for aggregate gross proceeds of $4,213,940.

As of closing on Nov. 12, 2026, the company will be issuing 42,139,400 units, at a price of 10 cents per unit, each unit consisting of one common share and one-half share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two years from the date of issuance at a price of 20 cents per share.

The warrants are subject to an expiry acceleration provision that if, over a period of 10 consecutive trading dates, commencing four months from the date of issuance, the share price exceeds 30 cents, then the company may give notice in writing within 30 days of such occurrence to the holders that the warrants shall expire at an accelerated expiry time unless previously exercised by the holder.

Proceeds raised will be used toward expenditures required to advance the permitting of the Kinsley Mountain gold property in Nevada, securing the necessary permits to commence preliminary exploration work on the Troy Canyon property, also in Nevada, and general working capital purposes.

In connection with the closing of this offering, the company paid cash finders' fees of $3,780.

All securities issued will be subject to a four-month hold period in accordance with applicable securities laws.

In connection with the private placement, certain insiders of the company, acquired nine million units, representing 14.76 per cent of the units sold under the private placement. Participation by the insiders in the private placement was considered a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the insiders' participation in the private placement pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the units to be issued to, nor the consideration paid by the insiders, exceeded 25 per cent of the company's market capitalization.

Prior to closing the offering, the company was in receipt of a completed subscription agreement, for which funds have not been received. The company fully expects to receive these funds and will issue an additional news release upon receipt of those funds, at which time the company will have closed oversubscribed on a total of $5,413,940. The company will complete the offering by Nov. 25, 2026.

About Copaur Minerals Inc.

Copaur is a mine development company backed by an experienced team of resource professionals focused on advancing its flagship Kinsley Mountain gold project, a Carlin-style sedimentary gold system located approximately 80 kilometres south of West Wendover in Nevada.

We seek Safe Harbor.