Pampa Medina Scout Drilling Delivers Significant Oxide Extensions; Western Deep Sulphide Drilling Pending

About this update from Marimaca Copper Corp.

VANCOUVER, BC / ACCESS Newswire / January 26, 2026 / Marimaca Copper Corp. ("Marimaca Copper" or the "Company") (TSX:MARI)(ASX:MC2) is pleased to announce results from the Phase II drilling campaign at the Pampa Medina deposit, located at low altitude approximately 28km east of the Company's Marimaca Oxide Deposit (" MOD ") in a flat "pampa" valley within the Atacama Desert (Figure 1). The Phase II program consists of drilling on a 300m x 300m grid across a 1.6km by 1.4km area of interest. Drilling intersected significant extensions to the Pampa Medina oxide footprint in a new zone to the north-east. Deep sulphide drilling to the west is ongoing with assays pending for four deep drill holes. The company is also currently completing Inductively Coupled Plasma (ICP) assaying for its drilling completed to date at Pampa Medina to examine the potential for silver mineralization, particularly in higher grade sulphide zones. Silver is a common by-product in Chilean manto-type copper systems. Highlights Sergio Rivera, VP Exploration of Marimaca Copper, commented: "Our understanding of this unique deposit is constantly improving as we move into the Phase II exploration program. In addition to the exciting sulphide target, there is a compelling opportunity to expand the known oxide mineralization at Pampa. We expect these oxides to be highly complementary to our existing resources at the Marimaca Oxide Deposit with clear potential for both scale and mine life expansion." "The previous interpretation of the north-east areas of Pampa Medina indicated low potential for mineralization given significant uplifting of the sedimentary sequences to the east. However, holes SMR-29 and SMRD-30 demonstrate that uplifting may be localized in smaller fault blocks, leaving intact mineralized sequence potential to the north-east." "In the west, our deep sulphide exploration in the high-grade section N7440800 is progressing well. We are targeting the deep extensions of high-grade bornite-chalcopyrite dominant mineralization in the host sediments and are looking forward to updating the market accordingly." Overview of Pampa Medina Pampa Medina is a stratiform manto-style copper deposit dominantly hosted in Jurassic-Triassic sedimentary units (sandstones, conglomerates, tuffs and black shales) overlain by andesitic volcanics and underlain by an Upper Paleozoic complex of metamorphosed sediments, volcanics and intrusions. Key lithological units are intruded by a dyke swarm and affected by post mineral normal faulting. Copper was originally identified in near-surface oxide mineralization dominated by atacamite, chrysocolla and both secondary and primary chalcocite, and has now been identified in high-grade zones of bornite and chalcopyrite which extend at depth beyond the oxide-primary transition. Following Marimaca's consolidation of the project area and surrounding land packages in 2024, the Company reinterpreted all available geological information and developed an updated geological model for Pampa Medina, which identified the lower sedimentary units of interbedded sandstones, shales and conglomerates as the productive horizons for future drill targeting. Oxide copper mineralization was logged in historical drilling in near-surface, uplifted blocks, with the model of continuity in the intact lithological sequence in deeper blocks for primary mineralization to be tested by Marimaca's 2025 and 2026 drilling campaigns. In addition to the sulphide extensions, the Marimaca discovery drilling has identified opportunities for significant extensions to the oxide footprint of the deposit, most notably to the north and west, which will be followed up on during the Phase II program (30,000m). Table 1: Table of Intersections Table 2: Drill Collars Sampling and Assay Protocols True widths are estimated as 85% of reported intervals, based on down-hole bedding and structural measurements. DDH holes were sampled on a 2m continuous basis, halved by a conventional core splitter on site with one half sent to the Andes Analytical Assay preparation laboratory in Copiapó and the pulps then sent to the same company laboratory in Santiago for assaying. Samples were prepared using the following standard protocol: drying; crushing all sample to -1/4" and passing through a secondary crusher to better than 80% passing -10#; homogenizing; splitting; pulverizing a 400-600g subsample to 95% passing -150#; and a 125g split of this sent for assaying. All samples were assayed for %CuT (total copper); %CuS (acid soluble copper). A full QA/QC program, involving insertion of appropriate blanks, standards and duplicates was employed with acceptable results. Pulps and sample rejects are stored by Marimaca Copper for future reference. Qualified Person / Competent Person The technical information in this news release, including the information that relates to geology, drilling and mineralization was prepared under the supervision of, or has been reviewed by Sergio Rivera, Vice President of Exploration, Marimaca Copper Corp, a geologist with more than 40 years of experience and a member of the Colegio de Geólogos de Chile and of the Institute of Mining Engineers of Chile, and who is the Qualified Person for the purposes of NI 43-101 responsible for the design and execution of the drilling program. The information in this announcement which relates to exploration results for the Pampa Medina Project is based on, and fairly reflects, information and supporting documentation prepared by Sergio Rivera, VP Exploration of Marimaca, a Competent Person who is a member of the Comision Minera (Chilean Mining Commission), Colegio de Geólogos de Chile and of the Institute of Mining Engineers of Chile. Mr. Rivera has sufficient experience that is relevant to the style of mineralisation and types of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Rivera consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Contact Information For further information please visit www.marimaca.com or contact: Tavistock +44 (0) 207 920 3150 Emily Moss [email protected] Forward Looking Statements This news release includes certain "forward-looking statements" under (without limitation) applicable Canadian securities legislation, including, without limitation, statements regarding the development of activities at Pampa Medina, the potential growth of Pampa Medina, and the discovery's potential to complement the MOD. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Marimaca Copper, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks that the development activities at Pampa Medina will not progress as anticipated, or at all, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project delays or cost overruns or unanticipated excessive operating costs and expenses, uncertainties related to the necessity of financing, uncertainties relating to regulatory procedure and timing for permitting submissions and reviews, the availability of and costs of financing needed in the future as well as those factors disclosed in the annual information form of the Company dated March 27, 2025 and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedar.com). Readers should not place undue reliance on forward-looking statements. Marimaca Copper undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law. None of the TSX, ASX or the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release. This announcement was authorised for release to the ASX by the Board of Directors of the Company. Appendix 1 - JORC Code 2012 Table 1 (ASX Listing Rule 5.7.1) Section 1 Sampling Techniques and Data Section 2: Reporting of Exploration Results SOURCE: Marimaca Copper Corp. View the original press release on ACCESS Newswire

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