Coppernico Metals Closes $5.5 Million LIFE Offering

About this update from Coppernico Metals Inc.

VANCOUVER, British Columbia, June 26, 2026 (GLOBE NEWSWIRE) -- Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF, FSE: 9I3) ("Coppernico" or the "Company") is pleased to announce the successful closing of the Company's previously announced upsized Listed Issuer Financing Exemption ("LIFE") private placement offering (the "Offering"). The company issued 15,714,286 units (the "Units") at a price of C$0.35 per Unit for gross proceeds of C$5,500,000. Each Unit consists of one common share (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Share at a price of C$0.50 until June 26, 2028. The use of proceeds of the Offering is as described in the Company's Amended and Restated LIFE Offering Document filed under its profile on www.sedarplus.ca. Ivan Bebek, Chair and CEO of Coppernico, commented, "We appreciate the strong support from both existing shareholders and new investors who participated in the oversubscribed funding. The financing is timely, with several key near-term milestones being pursued relative to completing key permits and other initiatives for our next phase of growth and an exciting second half of 2026 for the Company." In connection with the closing of the Offering, the Company paid cash finders' fees of C$282,012 and issued 805,747 finders' warrants (the "Compensation Warrants") to eligible Canadian registrants, including 3L Capital Inc., which acted as primary financial advisor to the Company in connection with the Offering. Each Compensation Warrant is exercisable on the same terms as the Warrants as noted above. The securities issued under the Offering are not subject to a hold period under applicable Canadian securities laws. The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Unit Shares and any Shares that would be issued on exercise of the Warrants, with final TSX approval expected upon the Company filing customary closing documents. The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. ON BEHALF OF THE BOARD OF DIRECTORS Ivan BebekChair & C...

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