DISCOVERY OF TWO NEW MINERALIZED ZONES AT BLUE LAKE PROJECT

About this update from Cupani Metals Corp.

TORONTO, Feb. 27, 2026 /CNW/ - CUPANI Metals Corporation ("CUPANI" or the "Company") (CSE: CUPA) (OTCQB: CUPIF) is pleased to announce that all assay results from 2025's mapping and prospecting program on its 100%-owned Blue Lake Property (the Property) are received. The results support the newly outlined anomalous sectors discovered last year and confirm the potential of the new geological interpretation (September 23 press release - click here). Highlights of the 2025 Fieldwork (figure 1) New Zones Retty Lake NorthwestAt the northwest end of Retty Lake, following up on new electromagnetic conductors identified from the 2025 airborne survey led to the discovery of angular to sub-angular ultramafic felsenmeer blocks with visible mineralization (Figure 2). Ten angular ultramafic blocks, scattered over 2 km, containing up to 10% sulfides (pyrrhotite and chalcopyrite) were sampled, giving values between 0.42 and 0.80% Cu equivalent. One sample exhibited net textured sulfides while another one had small sulfides blebs. North RettyNorth of the Retty Lake Camp, two ultramafic felsenmeer blocks were discovered at the northern edge of an interpreted ultramafic sequence. Both blocks exhibited net textured sulphides, and one had a few small chalcopyrite-rich blebs. Assay results are 0.55% and 0.52% Cu eq. A third very rusty block, located 2 km to the south-east, along the same ultramafic unit, graded 0.45% Cu equivalent. Brian Bosse, CEO of Cupani, commented: "I could not be happier with what Jacquelin's team accomplished in 2025. Any of these new zones could prove fruitful: they have similar geophysics and surface sample metal values to the known historical mineralization. Blue Lake North will be a drill target this winter. The entire project's opportunity set continues to improve. Other Interesting Results Blue Lake North These historical mineralized showings have never been drilled. Blue Lake North was previously explored by Cupani in 2024 and revisited in 2025. Additional anomalous ultramafic felsenmeer blocks were sampled, returning values from 0.35% to 0.68% Cu Eq (Figure 3). Most of the mineralized samples were taken over a large gravity anomaly north of Blue Lake and is coincident with mottled magnetic anomalies similar to those over the Blue Lake deposits. Cupani has revised its interpretation to include Blue Lake North...

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