Mr. Jeremy Yaseniuk reports

COPAUR MINERALS ARRANGES $1 MILLION LOAN

Copaur Minerals Inc., subject to regulatory approval, intends to enter into a loan agreement with an arm's-length lender, pursuant to which the company will borrow a total of $1-million. The loan will bear simple interest of 1 per cent per month (12 per cent per annum). The maturity date of the loan will be the date that is six months following the date that the lender provides the loan to the company and the loan may be repaid at any time prior to its maturity with a minimum interest payment of three months interest. Subject to TSX Venture Exchange approval, in the event that the company conducts a private placement of its securities prior to the maturity of the loan, the lender will have a right to participate in the private placement by specifying the amount of the loan that the lender wishes to be used as a subscription commitment and the outstanding balance of the loan will be reduced by the lender's subscription commitment in the private placement. Subject to the approval of the TSX Venture Exchange, the company will issue 2.5 million non-transferable share purchase warrants to the lender as a bonus inducement for providing the loan. Each bonus warrant will entitle the holder to purchase one common share of the company at an exercise price of 20 cents until the date that is 12 months following the date of issuance of the bonus warrants. In the event that the closing price (or closing bid price on any day on which there is no trade) of the common shares on the TSX-V exceeds 45 cents per common share for a minimum of five consecutive trading days, the company may provide written notice to the lender accelerating the exercise of the bonus warrants to the date that is 30 days following the date of delivery of such written notice and any unexercised bonus warrants will expire on the advance exercise date. The company intends to use the proceeds of the loan for general working capital purposes and to pay the cash consideration payable to Nevada Sunrise Metals Corp. to purchase Nevada Sunrise's 18.74-per-cent ownership interest in the Kinsley Mountain gold project in Nevada. The balance of the consideration payable to Nevada Sunrise will be the issuance of one million common shares of the company. If the Kinsley acquisition is completed, Copaur will own 100 per cent of the Kinsley Mountain gold project. See the company's news release disseminated on July 8, 2024, for further information about the Kinsley acquisition.

About Copaur Minerals Inc.

Copaur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada, with the flagship project being Kinsley Mountain gold project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).

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