Mr. Brian Howlett reports

COPPER ROAD ANNOUNCES CLOSING OF FIRST TRANCHE OF FINANCING

Copper Road Resources Inc. has closed the first tranche of its previously announced non-brokered private placement consisting of the sale of 9,952,447 flow-through units at a price of 4.5 cents per flow-through unit and 2,435,000 hard-dollar units at a price of four cents per unit for aggregate gross proceeds of $545,260.

Each unit consists of one common share of the company and one common share purchase warrant. Each flow-through unit consists of one common share and one warrant of the company, each to be issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). 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 the flow-through units 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 flow-through units effective Dec. 31, 2025. It is anticipated that the proceeds from the sale of flow-through units will be used for exploration of the Ben Nevis project or on the company's other Ontario properties.

A certain officer of the company subscribed for an aggregate of 222,222 flow-through units under the offering, which participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Section 5.5(a) and Section 5.7(1)(a) as the fair market value of the participation is not more than 25 per cent of the company's market capitalization.

Completion of the offering is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. In connection with the first tranche, the company has agreed to pay a cash commission in the aggregate of $40,120 to eligible finders and to issue 762,862 finder warrants each exercisable for a common share of the company at a price of five cents for a period of 18 months. The securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

The second tranche of the offering is expected to close on or about Dec. 30, 2025.

We seek Safe Harbor.