Mr. Matthew Badiali reports

QUETZAL COPPER ANNOUNCES ACQUISITION OF CRISTINAS COPPER PROJECT, CHIHUAHUA, MEXICO

Quetzal Copper Corp. has entered into an agreement with certain third party vendors, pursuant to which the company has been granted the option to acquire all of the issued and outstanding shares of Polaris Resources SA de CV. Polaris Resources holds a 100-per-cent interest in the Cristinas copper project, located in the state of Chihuahua, Mexico, subject to fulfilment of certain underlying payments to be made to the underlying property vendors.

CEO Matthew Badiali said, "The Cristinas project is another exciting exploration target identified by the company's technical team. It has all the features we value: nearby infrastructure, road access, outstanding geology with high-grades, and historic exploration success. The Cristinas project held a small-scale oxide copper mine in the 1970's. The only drilling since was completed in 2014. That program yielded 4.3 metres true width grading 3.2% copper and 3.7 meters (true width) of 3.0% copper. These are the deepest completed holes, only 80m below the surface and remain open at depth. No one ever followed up on the historical drill program. We believe the Cristinas project provides our shareholders with an excellent risk/reward profile for an exploration project, and we intend to commence drilling in late May 2024."

Cristinas project

The 685-hectare Cristinas project is in northeastern Chihuahua state, Mexico, approximately 2-hours by car from Chihuahua City. The Cristinas project includes a historic copper mine that operated in the 1970's on shallow copper oxide mineralization.

In 2014, Cyprium Mining Corp. drilled twelve holes in and around the historic workings. The program evaluated potentially higher-grade shallow copper-silver mineralization up to 150 m in depth (Cyprium Mining Management Discussion and Analysis, November 26, 2014). The program identified four closely spaced, parallel structures with widths between 0.25 m to 10 m in width. Grades ran from 0.2% to 12.4% copper and from 2 to 298 grams per tonne (g/t) silver (Table 1). Cyprium was seeking to put the Cristinas project into production at a small scale.

Quetzal approaches the Cristinas project with a new geological interpretation. Company geologists identified extensive sets of copper-rich carbonate veins which may be part of a copper-rich, carbonate replacement (CRD)/skarn style mineralizing system. The Project lies within the most prolific CRD belt in Mexico. This opens the potential for significant extensions of copper mineralization beneath the shallow drilling and along strike.

The deepest drilled holes at the Cristinas project are the best intercepts and suggest the potential for wider intercepts of high-grade copper mineralization in deeper drilling. It is common for the best copper mineralization to occur at the heart of a CRD system next to the causative intrusive rock. This suggests stepping down from the current results towards the centre of the system is an excellent opportunity and will be the first focus of drilling planned by Quetzal for late May 2024.

Table 1 below shows selected historical drill results from 2014

The reader is cautioned that results in this news release are based on prior data and reports prepared by previous property owners and operators. The reader is cautioned not to treat them, or any part of them, as current and that a qualified person has not done sufficient work to verify the results and that they may not form a reliable guide to future results. The company considers these historical results relevant as it is using this data as a guide to plan exploration programs. No independent QA/QC protocols are known and as such analytical results may be unreliable.

Acquisition Terms

Quetzal has entered into an option agreement, dated April 9, 2024, with the Polaris Vendors, pursuant to which the company has been granted the Polaris Option. In order to exercise the Polaris Option, Quetzal must make a US$50,000 payment to the vendors by April 9, 2025.

Quetzal will also assume the responsibility to make the underlying option payments on the Cristinas project to the Property Vendors as follows: (i) cash payments of US$100,000 on each of May 12, 2024 May 12, 2025 and May 12, 2026 to the vendors; (ii) the issuance of US$500,000 worth of common shares of Quetzal on each of May 12, 2025, May 12, 2026 and May 12, 2027 to the vendors; and (iii) complete US$1,000,000 in exploration on the Cristinas project on or before December 31, 2025.

The Polaris Option and fulfillment of the underlying option payments on the Cristinas project to the Property Vendors is subject to the approval of the TSX Venture Exchange (the "TSXV"). All parties to the Polaris Option are arm's length to the company. No finder's fee is payable in respect of the Polaris Option.

QP Statement

Dr. Roy Greig, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content in this release.

Investor Relations

In addition, the company is pleased to announce that, subject to regulatory approval, it has entered into an advertising and investor awareness agreement with Dig Media Inc. dba Investing News Network ("INN") dated April 8, 2025 (the "Agreement"). Pursuant to the Agreement, INN will receive $60,000 plus GST compensation for the fourteen-month campaign, payable in 12 equal instalments of $5,000. INN and the company are unrelated and unaffiliated entities and at the time of the Agreement, neither INN nor its principals have an interest, directly or indirectly, in the securities of the company.

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. For the 14-month term of the Agreement, INN will provide advertising to increase awareness of the company which will involve, among other things, a profile on the company in INN's newsletter, news release syndication, banner advertising and dedicated emails for news releases.

About Quetzal Copper

Quetzal is engaged in the acquisition, exploration, and development of mineral properties in British Columbia. Quetzal currently has a portfolio of three properties located in British Columbia, Canada. The company's principal project, Princeton Copper, is located adjacent to Hudbay's Copper Mountain mine in southern British Columbia.

We seek Safe Harbor.