Mr. Shaun Pollard reports

WORLD COPPER ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT AND SHARES FOR DEBT SETTLEMENT

World Copper Ltd. has closed its previously announced non-brokered private placement, pursuant to which the company issued 13,333,329 units at a price of 7.5 cents per unit for aggregate gross proceeds of approximately $1-million.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at an exercise price of 10 cents per share for a period of two years from the date of issuance. No finders' fees were paid in connection with the offering. The net proceeds from the offering will be used for exploration and general working capital purposes. All securities issued pursuant to the offering will be subject to a statutory four-month-and-one-day hold period in Canada and the closing of the offering is subject to final acceptance by the TSX Venture Exchange.

Certain directors and officers of the company participated in the offering and in the debt settlements (as defined below), which are considered to be related party transactions within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on sections 5.5(b) and 5.7(1)(b) of MI 61-101 for an exemption from the formal valuation and minority shareholder approval requirements, respectively, of MI 61-101, as the company's common shares are listed on the TSX Venture Exchange and neither the fair market value of the units or the settlement shares, respectively, nor the market value of the consideration received by the company for same, insofar as it involves related parties, exceeds $2.5-million. The company did not file a material change report more than 21 days before the expected closing of the offering, as the details and amounts of the related party participation were not finalized until closer to the closing and the company wished to close the transaction as soon as practicable for sound business reasons.

Share-for-debt settlement

World Copper also announces that, further to its news release dated July 5, 2026, it has closed its previously announced share-for-debt settlement with two current directors of the company. The company and the creditors entered into amended and restated shares for debt settlement agreements whereby the company has issued an aggregate of 312,500 common shares in the capital of the company, at a deemed price of 20 cents per settlement share, in consideration for the settlement of an aggregate of $62,500 owing to the creditors. The company completed the debt settlements to assist it with preserving its cash for working capital. The settlement shares are subject to a four-month-and-one-day statutory hold period in Canada.

Early warning disclosure

In connection with the closing of the offering and the debt settlements, the persons below make the following announcements in accordance with National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, and National instrument 62-104, Take-Over Bids and Issuer Bids.

KF Business Ventures LP

In connection with the closing of the offering, KF acquired beneficial ownership of, and control over, 666,666 units at a price of 7.5 cents per unit for a purchase price of $49,999.95. Additionally, pursuant to the debt settlement, on Oct. 2, 2026, the company issued 112,500 settlement shares to Robert Kopple, who may be considered a joint actor of KF (as such term is defined in NI 62-103), in consideration for the settlement of $22,500 owing by the company to Mr. Kopple.

In a previous early warning report filed on April 19, 2024, KF and Mr. Kopple, together with their joint actors (the KFBV group) disclosed that they beneficially owned, or exercised control or direction over, shares representing approximately 16.40 per cent of the issued and outstanding shares.

Since the prior report and prior to the closing of the triggering transactions, the percentage of shares that the KFBV group owns, or exercises control or direction over, has decreased by 2.86 per cent, to approximately 13.54 per cent, as a result of dilution to the holdings of the KFBV group. This dilution was primarily pursuant to share issuances from treasury by the company in relation to the company's at-the market (ATM) equity program, as well as certain non-brokered private placements conducted by the company. Although the reduction from approximately 16.40 per cent to approximately 13.54 per cent represented a change of more than 2 per cent in the KFBV group's ownership percentage in the company, that reduction arose without any action on the part of the KFBV group and solely from an increase in the number of outstanding shares resulting from treasury issuances by the company in connection with the ATM program and the financings.

The triggering transactions are transactions that change the ownership percentage in the shares for the KFBV group. Accordingly, KF is required to file an early warning report under Section 6.1 of NI 62-103 to reflect the changes in the securityholding ownership percentage of the KFBV group since the prior report.

Immediately prior to the triggering transactions, the KFBV group beneficially owned, and had control and direction over, 1,794,520 shares, representing approximately 13.55 per cent of the then issued and outstanding shares. As a result of the triggering transactions, the KFBV group beneficially owns, and has control and direction over, 2,573,686 shares and 666,666 warrants, representing approximately 9.57 per cent (11.76 per cent on a partially diluted basis) of the currently issued and outstanding shares.

The settlement shares were acquired in consideration for the debt settlement with Mr. Kopple and, along with the units, are intended to be held for investment purposes. KF will review its holdings from time to time, and may, in the future, increase or decrease its ownership or control over securities of the company as circumstances dictate.

A copy of the early warning report can also be obtained from the company's head office at Suite 1570, 200 Burrard St., Vancouver, B.C., Canada, V6C 3L6, or by contacting KF Business Ventures, LP1520 Tower Grove Dr., Beverly Hills, Calif., 90210, attention: Mr. Kopple, president of Kopple Financial Inc., KF's general partner, telephone: 1-310-860-9797.

Shaun Pollard

In connection with the closing of the offering, Mr. Pollard, indirectly through Gravitas Advisory Services Ltd., acquired beneficial ownership of, and control over, 2,666,666 units at a price of 7.5 cents per unit for a purchase price of $199,999.95. Immediately prior to the offering, Mr. Pollard did not beneficially own, or have control and direction over, any shares. As a result of the offering, Mr. Pollard beneficially owns, and has control and direction over, 2,666,666 shares and 2,666,666 warrants, representing approximately 9.92 per cent (18.04 per cent on a partially diluted basis) of the currently issued and outstanding shares.

Mr. Pollard acquired the units for investment purposes. Mr. Pollard will review his holdings from time to time, and may, in the future, increase or decrease his ownership or control over securities of the company as circumstances dictate.

An early warning report will be filed under the company's profile on SEDAR+. A copy of the early warning report can also be obtained from the company's head office at Suite 1570, 200 Burrard St., Vancouver, B.C., Canada, V6C 3L6, or by contacting Mr. Pollard, 331 Rabbit Ln., West Vancouver, B.C., V7S 1J1, telephone: 604-765-9944.

Gareth Thomas

In connection with the closing of the offering, Mr. Thomas acquired beneficial ownership of, and control over, 2,666,666 units at a price of 7.5 cents per unit for a purchase price of $199,999.95. Immediately prior to the offering, Mr. Thomas did not beneficially own, or have control and direction over, any shares. As a result of the offering, Mr. Thomas beneficially owns, and has control and direction over, 2,666,666 shares and 2,666,666 warrants, representing approximately 9.92 per cent (18.04 per cent on a partially diluted basis) of the currently issued and outstanding shares.

Mr. Thomas acquired the units for investment purposes. Mr. Thomas will review his holdings from time to time, and may, in the future, increase or decrease his ownership or control over securities of the company as circumstances dictate.

An early warning report will be filed under the company's profile on SEDAR+. A copy of the early warning report can also be obtained from the company's head office at Suite 1570, 200 Burrard St., Vancouver, B.C., Canada, V6C 3L6, or by contacting Mr. Thomas, Suite 1056, 409 Granville St., Vancouver, B.C., V6C 1T2, telephone: 604-681-5558.

Jonathan Lotz

In connection with the closing of the offering, Mr. Lotz, indirectly through Lotz Law Corp. and 1431853 B.C. Ltd., acquired beneficial ownership of, and control over, 2,666,666 units at a price of 7.5 cents per unit for a purchase price of $199,999.95. Immediately prior to the offering, Mr. Lotz did not beneficially own, or have control and direction over, any shares. As a result of the offering, Mr. Lotz beneficially owns, and has control and direction over, 2,666,666 shares and 2,666,666 warrants, representing approximately 9.92 per cent (18.04 per cent on a partially diluted basis) of the currently issued and outstanding shares.

Mr. Lotz acquired the units for investment purposes. Mr. Lotz will review his holdings from time to time, and may, in the future, increase or decrease his ownership or control over securities of the company as circumstances dictate.

An early warning report will be filed under the company's profile on SEDAR+. A copy of the early warning report can also be obtained from the company's head office at Suite 1570, 200 Burrard St., Vancouver, B.C., Canada, V6C 3L6, or by contacting Mr. Lotz, Suite 880, 320 Granville St., Vancouver, B.C., V6C 1S9, telephone: 604-699-0110.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of prospective resource projects.

We seek Safe Harbor.