Mr. Gordon Neal reports

WORLD COPPER CLOSES FINAL TRANCHE OF OVER-SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Pursuant to its news releases dated Feb. 27, 2024, and April 12, 2024, World Copper Ltd. has closed the final tranche of its non-brokered financing, issuing an additional 16,531,957 units for proceeds of $1,157,237. Aggregate totals from both tranches total 69,547,069 units for gross proceeds of $4,868,294.89.

Each unit consisted 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.

The final tranche created a new insider position, the Robert and Carole Kopple Grandchildren's Trust dated Dec. 28, 2007, which constitutes a related party transaction 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.

No finders' fees were payable pursuant to this tranche.

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-V.

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.