Mr. Heye Daun reports

KORYX ANNOUNCES RESULTS OF SPECIAL MEETING

Koryx Copper Inc. has released the voting results from the company's special meeting of shareholders, held on Oct. 15, 2025, to approve the transfer of the company's registered office and place of central administration to the Grand Duchy of Luxembourg with continuation of the company's legal personality as a public limited company (societe anonyme) under the name Koryx Copper S.A. and, consequently, a change of the nationality of the company, as well as certain ancillary resolutions. A total of 51,606,515 common shares were represented in person or by proxy at the meeting, constituting approximately 53.75 per cent of the company's total issued and outstanding common shares as of the record date for the meeting.

Each of the resolutions put forward before the company's shareholders for consideration and approval at the meeting, as described in the management information circular dated Aug. 29, 2025, as amended by the company's news release dated Oct. 7, 2025, was duly approved by the shareholders, as detailed in the attached table.

Further to its news release dated Oct. 7, 2025, the continuation will become effective on the later of: (i) the day on which authorization of the registrar of companies under the Business Corporations Act (British Columbia) (the "BC Registrar") is obtained; and (ii) the day after the Luxembourg notary signs the notarial deed recording the resolutions.

The company will issue a further news release to confirm the effective date of the continuation.

About Koryx Copper Inc.

Koryx Copper is a Canadian copper development company focused on advancing the 100-per-cent-owned Haib copper project in Namibia while also building a portfolio of copper exploration licences in Zambia. Haib is a large, advanced (PEA-stage (preliminary economic assessment)) 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). Extensive metallurgical testing and various technical studies have also been completed at Haib to date.

The Haib copper project has a current mineral resource of 511 million tonnes at 0.33 per cent copper (Cu) and 51 parts per million (ppm) molybdenum (Mo) for 1,668,000 tonnes of contained copper and 25,900 tonnes contained molybdenum in the indicated category, and 308.9 million tonnes at 0.31 per cent Cu and 40 ppm Mo for 949,000 tonnes of contained copper and 12,400 tonnes contained molybdenum in the inferred category (cut-off of 0.15 per cent Cu), as described more particularly in the current technical report, which is publicly available under the company's profile on SEDAR+.

Mineralization at Haib is typical of a porphyry copper deposit and it is one of only a few examples of a Paleoproterozoic 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.

Additional details of the Haib copper project are available in the company's current technical report, which comprises its PEA, titled "Preliminary Economic Assessment of the Haib Copper Project, Namibia, National Instrument 43-101 Technical Report," dated effective Sept. 4, 202. The technical report and other information are available on the company's website and under the company's profile on SEDAR+.

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