Ms. Stacey Pavlova reports

FARADAY COPPER ANNOUNCES C$30 MILLION FINANCING

Faraday Copper Corp. has arranged brokered and non-brokered financings for up to $30,000,080 from strategic and other investors, including the Lundin family trusts (as defined below), to advance exploration and development of its Copper Creek project, located in Arizona.

Brokered private placement

The company has entered into an agreement with Ventum Financial Corp., as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase an aggregate of 13,636,400 common shares on a bought deal private placement basis, at a price of $1.10 per common share for aggregate gross proceeds of $15,000,040, excluding additional proceeds raised from the exercise of the underwriters' option (defined below).

The brokered offering will be made in accordance with the listed issuer financing exemption in Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers in any province or territory of Canada, except Quebec. The common shares issued and sold pursuant to the listed issuer financing exemption will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the brokered offering that can be accessed under the company's issuer profile on SEDAR+ and on the company's website. Prospective investors purchasing under the listed issuer financing exemption should read this offering document before making an investment decision.

The common shares may also be sold to purchasers in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and other qualifying jurisdictions outside of Canada that are mutually agreed to by the company and the underwriters pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.

The company has granted to the underwriters an option to increase the size of the brokered offering by up to an additional number of common shares that in aggregate would be equal to 15 per cent of the total number of common shares to be issued under the brokered offering, to cover overallotments, if any, exercisable at any time up to 48 hours prior to closing of the brokered offering. In connection with the brokered offering, the underwriters will receive an aggregate cash fee equal to 5.0 per cent of the gross proceeds thereunder, including additional proceeds raised from the exercise of the underwriters' option.

The company intends to use the net proceeds from the brokered offering for exploration and development of its Copper Creek project and for general working capital purposes.

The brokered offering is scheduled to close on or about July 29, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange.

Non-brokered private placement

Concurrently with the brokered offering, the company will conduct a non-brokered private placement of up to 13,636,400 additional common shares at the offering price to raise up to $15,000,040. The Lundin family trusts (as defined below) have indicated their intention of subscribing in the non-brokered offering.

The additional shares may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions, other than the listed issuer financing exemption, in accordance with applicable securities laws, and may also be offered to purchasers in the United States pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act of 1933. Any additional shares issued to purchasers resident in Canada will be subject to a hold period in accordance with applicable Canadian securities laws, expiring four months and one day following the issue date.

The company intends to use the net proceeds from the non-brokered offering for exploration and development of its Copper Creek project and for general working capital purposes.

The non-brokered offering is scheduled to close on or about July 29, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange. The closing of the brokered offering and the closing of the non-brokered offering are not cross conditional.

Trusts settled by the late Adolf H. Lundin have indicated their intention to participate in the non-brokered offering. Any such participation would be considered to be a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as a private entity controlled by the Lundin family trusts is currently the company's largest shareholder. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any common shares issued to or the consideration paid by such persons will exceed 25 per cent of the company's market capitalization.

About Faraday Copper Corp.

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona. The Copper Creek project is one of the largest undeveloped copper projects in North America with significant district-scale exploration potential. The company is well financed to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the Toronto Stock Exchange under the symbol FDY.

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