Mr. Gordon Neal reports

WORLD COPPER CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

World Copper Ltd., pursuant to its news release dated Feb. 27, 2024, has closed a first tranche of its non-brokered financing issuing an aggregate 53,015,112 units for gross proceeds of $3,711,058. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of the company for a period of two years from the date of issuance at a price of 17 cents per share. The expiry of the warrants may be accelerated if the closing price of the company's common shares on the TSX Venture Exchange is equal to or greater than 30 cents for a minimum of 20 consecutive trading days and a notice of acceleration is provided in accordance with the terms of the warrants.

Insider participation included Gordon Neal, chief executive officer and president (1,714,285 units), Timothy McCutcheon, director (400,000 units), Sead Hamzagic, chief financial officer (500,000 units) and Robert C. Kopple, through his corporation, KF Business Ventures LP (14,285,714 units). These transactions constitute related party transactions as such term is defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions from the formal valuation and minority approval requirements under MI 61- 101. The company is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization.

Finders received 7 per cent in cash and 7 per cent in non-transferable broker warrants, exercisable at 17 cents for two years and subject to acceleration provisions. The finders are Canaccord Genuity Corp. ($11,907 cash and 170,100 warrants), Echelon Securities ($4,900 cash and 70,000 warrants), Haywood Securities Inc. ($7,000 cash and 100,000 warrants), RBC Dominion Securities Inc. ($10,780 cash only), Research Capital Corp. ($20,128.50 cash and 287,550 warrants), Richardson Wealth ($7,227.50 cash and 103,250 warrants) and Viking Infrastructure Systems Ltd. ($2,450 cash and 35,000 warrants).

All securities issued in the offering have a four-month-plus-one-day hold period, during which time the securities may not be traded. Closing of the offering is subject to the final acceptance of the TSX Venture Exchange.

The net proceeds from the offering are intended for general working capital and development costs.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile; and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization and each has additional copper porphyry targets with exciting potential to expand the resource base.

We seek Safe Harbor.