Pecoy Copper Commences Third Drill Rig as Exploration Momentum Builds

About this update from Pecoy Copper Corp.

VANCOUVER, British Columbia, May 04, 2026 (GLOBE NEWSWIRE) -- Pecoy Copper Corp. (“Pecoy Copper” or the “Company”) (TSXV: PCU; FSE: D5E; OTCQB: PCUUF) is pleased to announce that a third drill rig has commenced operations as part of the Company’s ongoing exploration drilling program at its 100%-owned Pecoy Copper-Gold-Molybdenum-Silver Project (“Pecoy” or the “Project”) located in southern Peru. The addition of the third drill rig increases the Company’s active drilling capacity and is expected to support the continued advancement of the current planned 35,000-metre diamond drilling program at Pecoy. The program is focused on testing high priority copper targets, expanding the Company’s geological understanding, and following up on areas of interest identified through previous exploration work. Drilling is currently underway across the Center of the Pit and Central Breccia zones, with the third drill rig re-initiating drilling activities in the South Breccia zone. “The commencement of a third drill rig marks an important step forward for Pecoy Copper as we continue to advance our exploration program. With the rainy season now behind us, we expect drilling activities to intensify in the coming months,” said Vincent Metcalfe, President and CEO of Pecoy Copper. “Increased drilling capacity will allow us to test priority targets more efficiently and continue building a more comprehensive understanding of the project’s potential.” The Company views the current drilling campaign as a key phase in the systematic evaluation and expansion of the project and deposit. Pecoy Copper remains committed to executing the program safely, responsibly, and in close coordination with local stakeholders and technical teams on the ground. Further updates will be provided as the drilling program progresses. Table 1: Drillhole information Hole UTM East UTM North Elev (masl) Azimuth Dip Length Drilled (m) Drill Status PEC-25-065 713977 8267284 1899 N0 -80 1186.25 Complete PEC-25-066 713796 8267252 1832 N0 -75 1068.50 Complete PEC-26-067 713104 8268120 1715 N175 -75 1040.00 Assays Pending PEC-26-068 713630 8268000 2007 N180 -75 1058.10 Assays Pending PEC-26-069 713710 8268037 1998 N180 -70 901.00 Assays Pending PEC-26-070 713611 8268327 1817 N180 -65 664.85 In Progress PEC-26-071 713404 8267683 1930 N180 -80 386.30 In Progress PEC-26-072 713634 8267253 1792 N0 -82 74.80 I...

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