Mr. Mark Lotz reports

WORLD COPPER ANNOUNCES PROPOSED SPIN-OUT TRANSACTION

World Copper Ltd. has initiated plans to complete a spinout transaction, whereby all of the company's interests in its Chilean subsidiaries, along with certain assets and liabilities of the company, will be transferred or assigned to a newly incorporated and wholly owned subsidiary of the company (Spinco), in consideration for common shares in the capital of Spinco to be distributed to existing company shareholders on a pro rata basis. Upon completion of the spinout, it is anticipated that Spinco will be owned 100 per cent by shareholders of World Copper. The company is undertaking the spinout to simplify its corporate structure and balance sheet, and following completion of the spinout, the company: (i) will hold the Brassie Creek property option and have a North American focus; and (ii) will have (a) assigned its interests in each of its subsidiaries to Spinco; (b) transferred all its liabilities to Spinco; and (c) transferred the Edge Copper shares held by it to Spinco, along with an amount of cash to be determined.

Mark Lotz, president and chief executive officer of World Copper, commented: "The spinout will create the opportunity for World Copper investors to participate in a North American-focused issuer engaged in the acquisition and exploration of precious and base metals properties, while at the same time continuing their exposure to World Copper's legacy interest in the Zonia copper project (through the Edge Copper shares that will be spun out to Spinco). By creating two potential opportunities for shareholders of World Copper to realize upside, management believes that the proposed spinout is accretive to shareholders and also provides them with optionality once the transaction is complete."

The spinout is anticipated to occur by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). World Copper shareholders will vote on the spinout at a meeting of shareholders to be held at a date to be determined. To be effective, it is expected that the spinout will require approval by: (i) at least 66-2/3rds per cent of the votes cast by World Copper shareholders present in person or represented by proxy at the meeting, which shareholders are entitled to one vote for each World Copper share held; and (ii) if required, a majority of the votes cast by shareholders other than those required to be excluded pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The spinout will also be subject to other customary approvals, including approval by the Supreme Court of British Columbia for the spinout.

Full details, including share exchange ratios and capitalization, will be provided in the plan of arrangement that will be described once finalized in a subsequent news release and in a management information circular to be distributed to shareholders. Completion of the spinout is targeted for Q2 (second quarter) 2026, subject to shareholder, court and TSX Venture Exchange approval, including prior TSX-V acceptance of the Brassie Creek property option. Following the completion of the spinout, common shares of World Copper will continue to trade on the TSX-V. Spinco will not initially be listed on any stock exchange after completion of the spinout, but the company expects that Spinco will apply for a stock exchange listing in due course. Shareholders are cautioned that the final details of the spinout are still to be determined and there is no certainty that the spinout will be completed on the terms currently proposed or at all.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of the Brassie Creek project, a porphyry-skarn copper and gold property located in Southern British Columbia, covering an area of approximately 1,861 hectares and located approximately 50 kilometres west of Kamloops.

Detailed information is available at World Copper's website.

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