Mr. Brian Howlett reports

COPPER ROAD ANNOUNCES SECOND UPSIZE TO FINANCING

Copper Road Resources Inc. is amending certain terms of its non-brokered private placement previously announced on Dec. 12, 2025. The amended offering will consist of the sale of up to: (i) 8.5 million common share units in the capital of the company at a price of 3.5 cents per unit for gross proceeds of up to $297,500; and (ii) 13,333,333 flow-through units of the company (each, an FT unit) at a price of 4.5 cents per FT unit for gross proceeds of up $600,000.

Each unit will consist of one common share of the company and one common share purchase warrant. Each FT unit will consist of one common share of the company to be issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of five cents at any time on or before that date which is 18 months after the date of issuance.

The gross proceeds from the sale of FT shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as both terms are defined in Income Tax Act (Canada). All qualifying expenditures will be renounced in favour of the subscribers of the FT units effective Dec. 31, 2025. More specifically, it is anticipated that the proceeds from the sale of FT units will be used for exploration of the Ben Nevis project or on the company's other Ontario properties.

The proceeds from the sale of units will be for property payments on the Ben Nevis project as well as for general working capital.

The company may pay finders' fees to eligible finders in connection with the offering. Certain insiders of Copper Road may participate in the offering, which would constitute a related party transaction, as such term is defined in Multilateral Instrument 61-101 -- Protection of Minority Shareholders in Special Transactions. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the acquired securities by such insiders will not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

All of the securities issued and issuable in connection with the offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities. Completion of the offering is subject to the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.

The offering may close in one or more tranches and it is anticipated that the first closing of the offering will occur on or about Dec. 22, 2025.

We seek Safe Harbor.