Mr. Pierre Leveille reports

KORYX COPPER INTERSECTS 98.00 M @ 0.43% CU EQ, INCLUDING 4 M @ 1.12% CU EQ AND 2 M @ 1.47% CU EQ

Koryx Copper Inc. has released the fourth assay results from its current drilling program at its Haib copper project in southern Namibia. The company's latest four drill holes continue to confirm that the deposit can deliver high grades over substantial widths within the known historical resource.

Pierre Leveille, president and chief executive officer of Deep-South, stated that: "Those results are very positive and they are well above the indicated resource average grade at 0.31 per cent Cu [copper] of the previous mineral resource estimation. We are highly satisfied with those results that add value to the deposit."

The three holes for which assay results are reported here, cover 430.20 metres with all three holes drilled in centre of the Pit 1 target area. These holes were positioned to close the sample spacing of the previously identified shallow higher grade mineralization in the Pit 1 area, and to better define and understand the geometry of mineralization controls here. Assay results of significant intersections are in the table entitled "Significant intersections."

Borehole locations

HM17 was positioned in riverbed east of the Pit 1 area to test the eastward extension of the on-surface mineralization reported previously in HM16.

HM32 was located in the central part of the Pit 1 target area to close the sample spacing on the mineralization here. It was drilled toward the southwest and positioned halfway up the southern slope above the river.

HM33 was collared close to HM32 but drilled approximately westward to close the sample spacing in this direction.

Discussion of pertinent results

HM17

Results show that the near-surface high-grade mineralization in Pit 1 extends approximately 180 m farther eastward than previously recognized, appearing to maintain the same strike and relatively low-angle dip toward the north.

HM32

Results show a significant widening of the near-surface mineralized zone in Pit 1 to nearly 100 metres. While grades over 0.7 per cent copper equivalent (CuEq) were regularly encountered, the average grade of the zone is slightly lower than usual at 0.43 per cent CuEq. This hole was drilled in an area where multiple mineralization trends potentially intersect and it is possible that this width extension is due to the hole orientation not being orthogonal to mineralization.

HM33

HM33 shows similar results to HM32 with respect to the shallow mineralized zone in Pit 1, although at 34 m width, it is significantly narrower and lower-grade, averaging 0.37 per cent CuEq.

Drilling program update

Since the resumption of drilling in October, 2023, 22 holes have been completed totalling 4,043 m. All 22 holes have been sampled and submitted to ALS for assaying with the results of nine holes (1,107 samples) received to date from ALS. A further five boreholes (1,000 m) remain to be drilled from the current program, four of which are intended to trace the Pit 1 mineralization in the Pit 2 target area.

At 1.8 billion years (Archean), the Haib copper deposit is one of the oldest deposits in the world. Over time, it has seen several transformations, including shearing and faulting events that appear to have further concentrated copper and molybdenum. A number of these mineralized structures have been identified in the Pit 1. The revised drilling program looks to close the sample spacing in the Pit 1 area, and better delineate the extent and grades of these.

Quality control

All drill cores were logged, photographed and cut in half with a diamond saw. Half of the cores were bagged and sent to ALS Laboratories Ltd. in Johannesburg, South Africa, for analysis (SANAS Accredited Testing Laboratory, No. T0387), while the other half was quartered, with one quarter archived and stored on site for verification and reference purposes, while the other quarter will be used for metallurgical test work. Thirty-three elements are analyzed by induced coupled plasma (ICP) utilizing a four-acid digestion and gold is assayed using a 30-gram fire assay method. Duplicate samples, blanks and certified standards are included with every batch, and are actively used to ensure proper quality assurance and quality control.

Please note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for minability, selectivity, mining loss and dilution. These mineral resource estimates are based on indicated mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. However, there is no certainty that these indicated mineral resources will be converted to measured categories through further drilling, or into mineral reserves, once economic considerations are applied. There is no certainty that the preliminary economic assessment will be realized.

Qualified person

Dean Richards, PrSciNat, MGSSA -- BSc (honours) geology, is the qualified person for the Haib project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

About the Haib copper project

The Haib copper deposit is a large copper/molybdenum deposit situated 40 kilometres from the southern boundary of Namibia. The licence covers 370 square kilometres (37,000 hectares). Over the years, the project has seen 70,000 m of drilling, several metallurgical test work programs, geophysical surveys, geological mapping, mine modelling and even a feasibility study in 1996. Koryx holds all the historical data.

About Koryx Copper Inc.

Koryx Copper is a mineral exploration and development company. Koryx's growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. The company holds the Haib copper project in Namibia and holds an interest in three exploration licences in the Copperbelt in Zambia. In using and assessing environmentally friendly technologies in the development of its copper projects, Koryx Copper embraces the green revolution.

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