Coast Copper Announces Non-Brokered Private Placement Financing for Proceeds of up to $1M

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TSX.V: COCO

VANCOUVER, BC, Nov. 12, 2026 /CNW/ -- Coast Copper Corp. ("Coast Copper" or the "Company"; (TSXV: COCO) is pleased to announce it is undertaking a non-brokered private placement, pursuant to which it will issue up to 2,500,000 flow-through units of the Company (the "FT Units") at an issue price of $0.40 per FT Unit for aggregate gross proceeds of up to $1,000,000 (the "Offering").

Each FT Unit will consist of one common share in the capital of the Company to be issued on a flow-through basis under the Income Tax Act (Canada) and one non-transferable, non-flow-through common share purchase warrant, with each warrant entitling the holder to acquire an additional non-flow-through common share of the Company at an exercise price of $0.60 per share for a period of 24 months following the closing of the Offering (the "Closing Date"). If, at any time after the Closing Date, the volume weighted average trading price of the Company's common shares on the TSX Venture Exchange (the "Exchange"), or other principal exchange on which the common shares are listed, is greater than $0.80 for 10 consecutive trading days, the Company may, at its option, accelerate the expiry date of the warrants by issuing a news release and providing notice to the holders thereof, and in such event the warrants will expire on the date that is 30 days following the date of such notice. 

The Company may pay finders fees in accordance with the rules and policies of the Exchange. The Offering remains subject to customary conditions, including, but not limited to, Exchange approval.  All securities issued in the Offering will be subject to a statutory hold period of four months and a day from the Closing Date.

The gross proceeds raised from the Offering will be used by the Company to incur eligible "Canadian exploration expenses" ("CEE") that will qualify as "flow-through critical mineral mining expenditures" as such term is defined in the Income Tax Act (Canada) related to the Company's projects in British Columbia. The Company will renounce such CEE with an effective date of no later than December 31, 2026, with CEE to be incurred prior to December 31, 2027.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Coast Copper Corp.

Coast Copper Corp. is a British Columbia-focused mineral exploration company advancing district-scale copper and precious metals opportunities through disciplined capital allocation. The Company's flagship assets include the Copper Kettle Cu-Mo project on northern Vancouver Island, the Empire Mine Cu-Au project and the Virginia Silver and Sweeney silver projects. Coast Copper also maintains a portfolio of earlier-stage exploration properties that provide opportunities for strategic partnerships, asset sales and option agreements designed to generate capital while minimizing shareholder dilution.

On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis, Chief Executive Officer and Director

NR26-16

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this press release, including any information regarding the terms and completion of the Offering, obtaining regulatory approval to the Offering, the intended use of proceeds for the Offering, and our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Coast Copper, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Coast Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property, the ability of Coast Copper to obtain regulatory approval, failure to obtain necessary permits and approvals from government authorities, the impact of exploration competition, unexpected geological or hydrological conditions and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements. 

SOURCE Coast Copper Corp.

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