Mr. Brian Thurston reports

COPPER QUEST CLOSES FIRST TRANCHE OF FINANCING

Copper Quest Exploration Inc. has closed the first tranche of its previously announced non-brokered private placement with the issuance of 8,711,834 units of the company at a price of 7.5 cents per unit for gross proceeds of $653,387.55.

Each unit consists of one common share of the company and one share purchase warrant, whereby each share purchase warrant is convertible into an additional share at an exercise price of 15 cents per warrant share. Each warrant will expire on Aug. 19, 2027, being the date that is two years following the date of issuance. The expiry date is subject to acceleration in the event the closing price of the company's common shares on the Canadian Securities Exchange is equal to or greater than 29 cents for a period of 10 consecutive trading days at any time after that date that is four months following the date of issuance, in which case the expiry date of the warrants shall automatically accelerate and the warrants will expire on that date that is 30 days from the date of notice of such acceleration event.

In connection with the private placement, the company paid aggregate finders' fees in the amount of $12,160 to eligible finders and issued a total of 162,133 finders' warrants. The terms of the finders' warrants are the same as the warrants.

Proceeds from the private placement are intended for exploration activities and general working capital purposes. All securities issued in connection with the private placement are subject to a statutory hold period expiring Dec. 20, 2025, being the date that is four months and one day from the date of issuance.

About Copper

Copper is an essential industrial metal at the heart of the global energy transition and modern infrastructure. It plays a critical role in electrification, renewable energy systems, electric vehicles, data centres and smart technologies. With global demand rising and new supply challenged by declining grades, complex permitting and underinvestment, the copper market faces persistent deficits and growing geopolitical scrutiny. Recent U.S. policy announcements, including import tariffs and initiatives to secure domestic and allied supply chains, underscore copper's strategic importance, and the need for resilient, localized resource exploration, development, production and processing capacity.

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-plus 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. CQX 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 Canadian Securities Exchange under the symbol CQX.

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