23:20:51 EST Fri 06 Feb 2026
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Copper Standard Resources Inc
Symbol CSR
Shares Issued 52,992,646
Close 2025-09-09 C$ 0.37
Market Cap C$ 19,607,279
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Copper Standard cancels option for Francisco Jose IV, V

2025-09-09 19:56 ET - News Release

Mr. Matt Fargey reports

COPPER STANDARD PROVIDES PORTFOLIO AND CORPORATE UPDATE

Copper Standard Resources Inc. has provided the following updates.

Portfolio update

The company announces that it has elected not to proceed with its option to acquire the Francisco Jose IV and V claims, which form part of the Colpayoc mining project. The company continues to retain a 100-per-cent interest in the adjacent El Ferrol property.

The company continues to evaluate new project opportunities while maintaining its interest in the Pacaska, Capricho and Paco Orco projects in Peru, as outlined below.

Pacaska project

The Pacaska project contains a high-quality epithermal gold-silver target at surface with a copper-gold porphyry target at depth. The geology and alteration at Pacaska are similar to world-class epithermal gold deposits like the Pierina mine and the Yanacocha mine in Peru. Rock sampling at Pacaska has returned widespread elevated gold mineralization in the 0.2 to 1.0 gram per tonne gold range with local values up to 17 g/t gold and 11 per cent copper.

Capricho project

Capricho contains an outcropping porphyry copper-molybdenum system within a 3,768-hectare concession package. Prospecting work on the claims has uncovered porphyry copper mineralization in stockworks and altered intrusive rocks. The concessions contain enrichment zones with values reported up to 3 per cent copper. Solaris Resources Inc. has an option to earn a 75-per-cent interest in the project.

Paco Orco project

Paco Orco contains outcropping gossans interpreted to result from weathering of carbonate-replacement-style lead-zinc-copper-silver mineralization. The 4,400-hectare project contains mineralized gossan and jasperoid outcrops extending more than two kilometres and is largely unexplored. Surface rock samples from the weathered gossans have produced values up to 0.58 per cent lead, 0.26 per cent zinc and 58 g/t silver. Solaris has an option to earn a 75-per-cent interest in the project.

Management and director update

The company announces the appointment of Steven Krause as chief financial officer, effective Sept. 30, 2025. Mr. Krause is a co-founder and partner of Avisar Chartered Professional Accountants. He has worked extensively with mining, mineral exploration and development-stage companies in North and South America. Mr. Krause is also the former chairman of Luna Gold, where he was chairman until the successful merger of Luna Gold and JDL Gold to form Trek Mining (now Equinox Gold Corp.) in a $360-million merger. He is currently the chief financial officer of Viva Gold Corp. Mr. Krause received his chartered professional accountant designation in 1997. He also holds a certified public accountant designation in the state of Illinois, United States, and is a graduate of the Institute of Corporate Director's Education Program.

Christian Uria will step down as CFO to pursue other opportunities. The company thanks Mr. Uria for his significant contributions over the past several years and wishes him continued success.

The company also announces that Christian Milau has been appointed president of Eldorado Gold Corp. In connection with this appointment, he will step down as a director of Copper Standard but will continue to serve as a key adviser. The company extends its gratitude for his service on the board and looks forward to his continuing involvement in an advisory capacity.

About Copper Standard Resources Inc.

Copper Standard is focused on the acquisition, exploration, discovery and development of copper and gold projects. The company owns a 100-per-cent interest in El Ferrol property and the Pacaska project, and holds interests in the Capricho and Paco Orco projects all located in Peru.

We seek Safe Harbor.

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