Mr. Ernest Mast reports

DORÉ COPPER PROVIDES UPDATE ON ARRANGEMENT AGREEMENT WITH CYGNUS METALS

Further to Dore Copper Mining Corp.'s news release dated Oct. 15, 2024, the company has provided an update on the definitive arrangement agreement with Cygnus Metals Ltd. pursuant to which Cygnus has agreed to acquire 100 per cent of the issued and outstanding common shares of Dore Copper by way of a court-approved plan of arrangement under the Canada Business Corporation Act.

A key obligation in the agreement has been met with Cygnus having successfully raised a minimum of $5.0-million (Australian) as part of a first tranche (see Australian Securities Exchange announcement dated Oct. 17, 2024).

Cygnus Metals announced that it has received commitments from institutional and sophisticated investors to raise $11.0-million (Australian) (before costs) through the issue of 152,777,778 fully paid ordinary shares in the company at an issue price of 7.2 Australian cents per share. The placement was extremely well supported and oversubscribed.

Agreement with Epstein Research

Dore Copper has entered into a paid advertisement services agreement with Peter Epstein on Oct. 22, 2024, to increase investor engagement and create more awareness for the company. Epstein Research's engagement is for an initial term of six months and is subject to renewal or cancellation in accordance with its terms. Epstein Research operates from New York, N.Y., and provides promotional services, including social media and on-line advertising of Dore Copper posted on Epstein Research homepage, CEO.ca, Substack and Linked In; monthly written articles on Dore Copper and/or company interviews written exclusively by Mr. Epstein; and frequent on-line commentary on Dore Copper on websites including CEO.ca, Stockhouse, TalkMarkets, Linked In and Twitter/X.

Dore Copper has agreed to pay Epstein Research $2,000 (U.S.) per month for these services. There are no common shares or options to be received as compensation in the service agreement. In addition, Epstein Research is an unrelated and unaffiliated entity in respect of the corporation and, at the time of the agreement, Mr. Epstein owns securities of the corporation.

About Dore Copper Mining Corp.

Dore Copper Mining aims to be the next copper producer in Quebec with an initial production target of more than 50 million pounds of copper equivalent annually by implementing a hub and spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill. Dore Copper has delivered its PEA in May, 2022, and is proceeding with a feasibility study. Dore Copper has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold. The land package includes 13 former-producing mines, deposits and resource target areas within a 60-kilometre radius of Dore Copper's Copper Rand mill.

About Cygnus Metals Ltd.

Cygnus Metals is an emerging exploration company focused on advancing the Pontax lithium project (earning up to 70 per cent), the Auclair lithium project and the Sakami lithium project in the world-class James Bay lithium district in Quebec, Canada. In addition, Cygnus has REE (rare earth element) and base metal projects at Bencubbin and Snake Rock in Western Australia. The Cygnus board of directors and technical management team have a proven record of substantial exploration success and creating wealth for shareholders and all stakeholders in recent years. Cygnus's tenements range from early-stage exploration areas through to advanced drill-ready targets.

We seek Safe Harbor.