Mr. Jonathan Egilo reports

AXO COPPER ANNOUNCES PROPOSED NAME CHANGE TO AXO METALS

Axo Copper Corp. has filed and mailed a management information circular in connection with a special meeting of shareholders to be held on April 27, 2026, to approve a change in the company's name to Axo Metals Corp.

"The acquisition of the San Antonio project has given Axo significant gold exposure, through an advanced-stage development project with a resource base that is predominantly gold," said Jonathan Egilo, president and chief executive officer. "San Antonio, combined with our La Huerta copper project, diversifies Axo's metals exposure to both gold and copper. Therefore, management believes the company's name should be updated to reflect this new metals exposure."

See the circular for additional information concerning the name change and the meeting. The circular and other proxy materials can be found on SEDAR+. The name change is subject to approval of the TSX Venture Exchange.

About Axo Copper Corp.

Axo is a Canadian mineral exploration company engaged in the exploration and development in Mexico. The company holds two projects. The San Antonio project is located in the state of Sonora and is in advanced development. Total resources at San Antonio stand at 576,000 ounces gold and 1.37 million ounces silver grading 1.20 grams per tonne Au and 2.9 g/t Ag in the indicated category, with 544,000 ounces Au and 1.76 million ounces Ag grading 1.02 g/t Au and 3.3 g/t Ag in the inferred category across all deposit types (oxide, transition and sulphide). Axo's second project is the La Huerta property, a new copper discovery in Jalisco, Mexico. Initial exploration has yielded high-grade copper both at surface through sampling programs and at depth through initial drilling. The company is focused on continuing to define near-surface mineralization along the La Huerta trend, expanding mineralization at depth and targeting new discoveries in an underexplored district.

Qualified person

Charles Spath, PGeo, is the qualified person for Axo Copper, as defined under National Instrument 43-101, and is non-independent. Mr. Spath has reviewed and approved the scientific and technical information in this press release.

For further information regarding the San Antonio project and the La Huerta property, please see the company's technical reports titled "NI 43-101 Technical Report for the San Antonio Project, State of Sonora, Mexico," dated Nov. 1, 2025, with an effective date of Nov. 1, 2025, and "Technical Report on the La Huerta Copper Property, Jalisco State, Mexico," dated March 28, 2025, with an effective date of Jan. 24, 2025, copies of which can be obtained under the company's profile on SEDAR+.

We seek Safe Harbor.