CULPEO SECURES $3 MILLION FOR DRILLING OF HIGH-GRADE COPPER ZONES

About this update from Culpeo Minerals Limited

Culpeo Minerals Limited (Culpeo or the Company) (ASX:CPO OTC:CPORF) is pleased to announce that it has received strong support via binding commitments for a placement to raise approximately A$3.02 million (before costs) (the Placement) to advance its high quality portfolio of copper projects in the Coastal Cordillera of Chile , with an immediate focus on the Lana Corina discovery where a strongly copper mineralised zone of over 450 metres was intersected in the prior round of drilling. Culpeo's projects in Chile are considered highly prospective for near-surface, copper discoveries, with several high-grade zones of copper mineralisation prioritised for drill testing. HIGHLIGHTS Firm commitments received to raise approximately A$3.02 million (before costs). Strong support for the Placement introduces a number of new professional and sophisticated investors, as well as support from a number of existing shareholders and the Culpeo Board. Proceeds to be primarily allocated to the Lana Corina Project , where up to 4,000m of maiden drilling is scheduled to commence shortly at the Vista Montana prospect, and follow up drilling at the Lana Corina prospect, where the previous significant intercepts included 454m at 0.93% CuEq from 90m (refer ASX Announcement 10 July 2024 ), just 1km along strike from Vista Montana. Drilling is also scheduled at the La Florida copper-gold porphyry prospect within the Fortuna Project . Site activities planned to commence immediately, in preparation for drilling next month. PLACEMENT The Placement comprises the issue of approximately 303 million new fully paid ordinary shares in the Company to professional and sophisticated investors and a number of existing shareholders and the Culpeo Board at an issue price of $0.01 per share (Placement Shares), to raise approximately $3.02 million (before costs) across two tranches: Tranche 1 : Approximately $0.54 million via the issue of approximately 54 million Placement Shares within the Company's existing placement capacity, comprising under 32,574,333 shares under ASX Listing Rule 7.1 and 21,716,222 shares under ASX Listing Rule 7.1A and Tranche 2 : Approximately $2.48 million via the issue of approximately 248 million Placement Shares, including Director participation, subject to obtaining shareholder approval at a General Meeting of the Company's shareholders (GM). Investors participating in the Placement will also receive one (1) free attaching unlisted option for every two (2) Placement Shares subscribed for, subject to shareholder approval at the GM (Attaching Options). The Attaching Options are not tradeable, will have an exercise price of $0.0175 each and will expire (exercisable anytime) 3 years from the date of issue Contact: Geoff McNamara Interim Executive Chairman Email: [email protected] ABOUT CULPEO MINERALS LIMITED Culpeo Minerals Limited is committed to copper exploration, discovery and development, with strategic assets in Chile , the world's leading copper-producing nation. The Company is focused on high-grade copper systems within Chile's infrastructure-rich Coastal Cordillera. Culpeo has recently announced a significant copper and molybdenum discovery at the Lana Corina Project and acquired the highly prospective Fortuna and Jupiter copper-gold projects. The Lana Corina and Fortuna Projects are located in Chile's Coquimbo Region , approximately 350km north of Santiago , in proximity to the world-class Los Pelambres mine. The Jupiter Project is situated in the Antofagasta Region , renowned for hosting multiple tier-one copper and gold operations, including Escondida, Collahuasi and El Teniente . These project areas feature substantial outcropping high-grade copper systems, and importantly, they are supported by well-established regional infrastructure, including roads, power transmission lines, water sources and a strong local mining industry - factors critical in enabling cost-effective and efficient development. The Company is led by a highly experienced board and management team with more than two decades of operational and exploration experience in Chile . Culpeo's objective is to deliver Shareholder value through the exploration, acquisition and development of high-grade, near-surface copper systems (C) 2025 Electronic News Publishing, source ENP Newswire

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