An anonymous director of KF Business Ventures reports

EARLY WARNING PRESS RELEASE

KF Business Ventures LP (the acquiror) makes the following disclosure regarding its World Copper Ltd. holding, in accordance with National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting, and National Instrument 62-104, Take-Over Bids and Issuer Bids. Robert C. Kopple, EL II Properties Trust and Kopple Family LP may be considered joint actors with the acquiror.

The acquiror advises that on Jan. 28, 2022, World Copper completed a plan of arrangement with Cardero Resource Corp. and a wholly owned subsidiary of World Copper. Pursuant to the terms of the arrangement, securityholders of Cardero received securities of World Copper, resulting in the acquiror acquiring a total of 14,804,696 common shares of World Copper. Mr. Kopple was subsequently granted 550,000 incentive stock options, each acquired option being exercisable for one common share in the capital of World Copper, and on Feb. 22, 2023, EL II acquired 10,321,657 bonus common share purchase warrants pursuant to the extension and consolidation of outstanding loans to World Copper. The acquisition of the shares, options and warrants are collectively the acquisition. The acquisition did not take place on a stock exchange or other market that represents a published market for securities.

Immediately before the completion of the acquisition, the acquiror owned and had control and direction over an aggregate of no World Copper securities. After the acquisition, the acquiror owned and had control and direction over an aggregate of 14,804,696 common shares, representing approximately 11.84 per cent of the issued and outstanding common shares on a non-diluted basis (18.90 per cent on a partially diluted basis), based on the current number of outstanding common shares. The change in the acquiror's security holding percentage of common shares is an increase of approximately 11.84 per cent (18.90 per cent on a partially diluted basis, provided that the warrant certificate representing the bonus warrants contains a clause that restricts the exercise of the bonus warrants if the exercise would cause the holder's ownership to exceed 19.99 per cent).

The acquiror acquired: (i) the acquired shares pursuant to the completion of the arrangement; (ii) the acquired options pursuant to the granting of same under World Copper's stock option plan; and (iii) the acquired warrants pursuant to the extension of outstanding loans to World Copper. However, the acquiror will review its holdings from time to time and may, in the future, increase or decrease its ownership or control over securities of World Copper as circumstances dictate.

The acquiror will file an early warning report under World Copper's profile on the SEDAR. A copy of the early warning report can also be obtained from 1520 Tower Grove Dr., Beverly Hills, Calif., 90210, attention Kathleen Kuhn (phone: 310-860-9797).

World Copper's head office is located at Suite 2710, 200 Granville St., Vancouver, B.C., Canada, V6C 1S4.