Mr. Mark Lotz reports

WORLD COPPER ANNOUNCES ANTICIPATED CLOSING DATE FOR SPIN-OUT TRANSACTION AND CONSOLIDATION

The previously announced spinout transaction of all of World Copper Ltd.'s interests in its Chilean subsidiaries, along with certain assets and liabilities of the company, to a wholly owned subsidiary of the company, World Copper Holdings Ltd., formerly 1581602 B.C. Ltd. (Spinco), by way of a court-approved plan of arrangement under the provisions of the Business Corporations Act (British Columbia), is expected to close on July 20, 2026, at 12:01 a.m. Pacific Time.

Prior to the completion of the arrangement and effective on July 17, 2026, the company will complete a consolidation of its issued and outstanding common shares on the basis of one postconsolidation World Copper share for 20 preconsolidation World Copper shares. The company's postconsolidation Cusip number and ISIN will be 98144X 20 7 and CA 98144X 20 7 7, respectively. As of the date of this news release, the company has 263,031,067 World Copper shares issued and outstanding, and the company expects that it will have approximately 13,151,545 World Copper shares issued and outstanding on a postconsolidation basis, with any fractional shares resulting from the consolidation rounded down to the nearest whole number. The World Copper shares will begin trading on a postconsolidation basis at market open on July 17, 2026.

Upon closing of the arrangement, World Copper shareholders will each receive, in exchange for each postconsolidation World Copper share held prior to closing, one new common share of World Copper and one Spinco common share. The company's postarrangement Cusip number and ISIN for the new World Copper shares will be 98144X 30 6 and CA 98144X 30 6 7, respectively.

In order to receive the new World Copper shares and Spinco shares, registered World Copper shareholders must complete, execute and deposit with Endeavor Trust Corp., the depositary appointed in respect of the arrangement, the letter of transmittal previously mailed to the registered World Copper shareholders and their respective certificate(s)/DRS advice(s) representing their World Copper shares, and any other required documents and instruments, all in accordance with the instructions provided in the letter of transmittal. The letter of transmittal is also available on World Copper's website and under World Copper's SEDAR+ profile. Non-registered World Copper shareholders whose World Copper shares are registered in the name of a broker, investment dealer, bank, or other intermediary or nominee should contact their intermediary for assistance in depositing their World Copper shares.

Further information on the spinout and arrangement can be found in the company's management information circular dated May 20, 2026, filed on the company's website and on the company's SEDAR+ profile. Closing of the arrangement is subject to the satisfaction or waiver of remaining conditions precedent, including the final approval of the TSX Venture Exchange.

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.

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