Ms. Julia Becker reports

KORYX COPPER COMPLETES INTERNAL RESTRUCTURE TO SIMPLIFY CORPORATE AND REPORTING STRUCTURES

Koryx Copper Inc. has completed a vertical short form amalgamation pursuant to the Business Corporations Act (British Columbia), effective March 19, 2025, with the company's wholly owned subsidiary 1054137 B.C. Ltd. (SubCo) (a company incorporated under the B.C. Corporations Act).

On Aug. 30, 2016, the company completed a share exchange with the shareholders of SubCo, giving effect to the restructure transaction. The effect of the transaction is that all assets and liabilities of SubCo were consolidated within the company, and SubCo then became dormant within the reporting structure of the group. The purpose of the amalgamation is to simplify the company's corporate and reporting structure.

Pursuant to the amalgamation, the resulting company (the AmalCo) has kept the name Koryx Copper Inc., and the business of the company does not change. It has maintained the same articles and issued no securities, and the symbol KRY remains the same. Following the amalgamation, AmalCo continues to indirectly own all of the exploration rights to the Haib copper project through Haib Minerals.

The company has filed the certificate of amalgamation and notice of articles on SEDAR+, which are publicly available under the company's profile at SEDAR+. Additional information with respect to the amalgamation and the business of AmalCo is available on the company's SEDAR+ profile.

About Koryx Copper Inc.

Koryx is a Canadian copper development company focused on advancing the 100-per-cent-owned Haib copper project in Namibia whilst also building a portfolio of copper exploration licences in Zambia. Haib is a large, advanced (preliminary economic assessment stage) copper/molybdenum porphyry deposit in southern Namibia with a long history of exploration and project development by multiple operators. More than 80,000 metres of drilling has been conducted at Haib since the 1970s with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975) and Teck (2014).

Haib has a current mineral resource of 414 million tonnes of 0.35 per cent copper for 1,459 Mt of contained copper in the indicated category and 345 Mt of 0.33 per cent Cu for 1,136 Mt of contained copper in the inferred category (0.25-per-cent-copper cut-off). In addition to extensive drilling and metallurgical testing, various technical studies have been completed at Haib to date. Extensive additional studies are under way aiming to demonstrate Haib as a future long-life, low-cost, low-risk, open-pit, sulphide flotation copper project with the potential for additional copper production from heap leaching.

Mineralization at Haib is typical of a porphyry copper deposit, and it is one of only a few examples of a Paleo-Proterozoic porphyry copper deposit in the world and one of only two in southern Africa (both in Namibia). Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but still retains many of the classic mineralization and alteration features typical of these deposits. The mineralization is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary copper minerals at surface due to the arid environment.

We seek Safe Harbor.