Mr. Leif Nilsson reports

SURGE COPPER ANNOUNCES AGM RESULTS AND GRANT OF DEFERRED SHARE UNITS

Surge Copper Corp. has released the results of its 2026 annual general meeting of shareholders and the grant of deferred share units to certain directors of the company.

Annual general meeting

The company held its annual general meeting on Sept. 29, 2026. All proposed resolutions, as described in the notice of meeting and management information circular dated Aug. 17, 2026, were approved by the shareholders of the company.

Following the meeting, the board of directors of the company consists of Christian Kargl-Simard, Leif Nilsson, Dr. Shane Ebert, Richard Colterjohn, Dr. Paul West-Sells, Tony Scott, Nalaine Morin and David Farrell. Mr. Scott, Ms. Morin and Mr. Farrell were newly elected to the board as part of the company's previously announced board renewal process (see July 29, 2026, press release).

Grant of share compensation plan incentive awards

The company also announces the grant of deferred share units (DSUs) under its share compensation plan to newly elected non-executive directors. The company has awarded an aggregate of 180,288 DSUs, based on the five-day volume-weighted average price of the company's common shares on the TSX Venture Exchange of 52 cents per share.

The DSUs will vest 12 months from the date of grant and will be settled following the departure of the holder from the company, in accordance with the terms of the company's share compensation plan.

A copy of the share compensation plan is available on the company's website or under the company's profile on SEDAR+.

About Surge Copper Corp.

Surge Copper is a Canadian resource company advancing one of British Columbia's emerging copper districts. The company's 100-per-cent-owned Berg copper project hosts a large-scale copper-molybdenum-silver-gold deposit in central British Columbia supported by a prefeasibility study and mineral reserve estimate that define a development pathway for a long-life copper project with significant molybdenum, silver and gold byproduct production.

In addition to the Berg deposit, Surge controls a large, contiguous mineral claim package that includes multiple advanced porphyry deposits, including the Ox and Seel deposits adjacent to the past-producing Huckleberry mine. Collectively, the company's assets position Surge as a potential long-term contributor to Canada's critical minerals strategy through the responsible development of copper, molybdenum and associated metals.

Surge is committed to advancing its projects through early engagement and collaboration with first nations and local communities, with a focus on transparent communication, relationship building and respectful, constructive dialogue.

We seek Safe Harbor.