Mr. Brian Thurston reports

COPPER QUEST ACQUIRING NEW COPPER-GOLD PORPHYRY PROJECT IN THE UNITED STATES

Copper Quest Exploration Inc. has entered into a letter of intent to acquire a copper-gold porphyry project located in the Western United States, marking a new advancement in the company's mission to develop strategic copper assets in high-priority jurisdictions.

The project, currently privately held, has 70 contiguous unpatented federal mining claims and may host a promising porphyry system with surface mineralization confirmed through historical chip sampling by the U.S. Bureau of Mines, returning grades of over 3 per cent copper, 0.8 gram per tonne gold and 25 grams per tonne silver. The acquisition would also bring with it a local lead geologist and turnkey technical support, providing the company with immediate on-the-ground expertise and technical continuity as exploration begins.

While the exact location remains confidential at this time, the project lies within a regionally significant porphyry belt known for its copper and gold potential. This acquisition aligns with Copper Quest's broader strategy to secure and develop copper projects amid a rapidly shifting geopolitical and supply chain landscape.

Initial work program objectives include:

• Complete assays on samples from a recent sampling program;
• High-resolution drone-based geophysical surveys;
• Acquisition of historic but recent IP (induced polarization) data;
• Additional sampling, mapping, 3-D IP survey and geophysics;
• AI (artificial intelligence) interpretation and study of project data;
• Drill permitting and targeting for an inaugural drill program.

"This acquisition represents a promising new venture which only complements our current portfolio of projects," said Brian Thurston, chief executive officer of Copper Quest. He added: "We are securing a potential porphyry system in a jurisdiction increasingly recognized as critical to the future of copper and mineral production. With significant surface mineralization, experienced on the ground technical support and strategic alignment with North American copper supply goals, we believe this project positions Copper Quest for meaningful growth in a tightening global copper market."

Transaction terms and financing

Under the terms of the letter of intent and subject to the completion of due diligence and the execution of a definitive agreement, Copper Quest will issue 4.25 million common shares to the vendor, in exchange for 100-per-cent ownership of the project. A finder's fee payable in common shares of the company will be applicable. The common shares of the company to be issued in connection with the transaction will be escrowed with staged releases over 16 months from the date of closing.

As a condition to closing the transaction, the company also announces a non-brokered private placement financing of a minimum of $1-million, consisting of at least 13,333,334 units of the company priced at 7.5 cents per unit. Each unit shall comprise one common share of the company and one common share purchase warrant of the company, with each warrant exercisable at 15 cents for a period of two years. Proceeds from the financing will be used to advance exploration on the new project and for general working capital purposes.

The acquisition of the project and completion of the private placement are subject to the receipt of all requisite regulatory approvals, including the approval of the Canadian Securities Exchange.

Qualified person

Brian Thurston, PGeo, the company's chief executive officer and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.

About copper

Copper is the backbone of the global industrial economy and an essential material in clean energy, transportation, communications and computing infrastructure -- used in electric vehicles, power grids, wind turbines and semiconductors. Copper demand is projected to exceed supply by over six million tonnes by 2032 as electrification accelerates globally according to Bloomberg Intelligence's "Global Copper 2024 Industry Outlook: From near-term glut to long-term scarcity" report, published on Dec. 1, 2023.

About copper in the United States

Copper is increasingly viewed as a strategic and energy-critical material by the U.S. government. In 2025, President Donald J. Trump signed an executive order launching a federal investigation into the U.S. copper supply chain, aimed at reducing foreign dependence and improving domestic resource security. With billions in infrastructure and clean energy investments on the line, securing U.S.-based copper projects has become an urgent economic and geopolitical priority.

About Copper Quest Inc.

Copper Quest is focused on building shareholder value through the exploration and development of its North American critical mineral portfolio of assets. The company's land package currently comprises four projects that span over 40,000 hectares in great mining jurisdictions.

Copper Quest has a 100-per-cent interest in the Stars property, a porphyry copper-molybdenum discovery, covering 9,693 hectares in central British Columbia's Bulkley porphyry belt. Contiguous to the Stars property, Copper Quest has a 100-per-cent interest in the 5,389-hectare Stellar property. Copper Quest also has an earn-in option up to 80 per cent and a joint venture agreement on the 4,700-hectare porphyry copper-molybdenum Rip project, also in the Bulkley porphyry belt.

Copper Quest has a 100-per-cent interest in the Thane project, located in the Quesnel terrane of Northern British Columbia, which spans over 20,658 hectares with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization potential.

Copper Quest's leadership and advisory teams are senior mining industry executives who have a wealth of technical and capital markets experience and a strong record of discovering, financing, developing and operating mining projects on a global scale. Copper Quest is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which it operates. The company's common shares are principally listed on the CSE under the symbol CQX.

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