Mr. Brian Thurston reports

COPPER QUEST CLOSES SECOND AND FINAL TRANCHE OF FLOW-THROUGH PRIVATE PLACEMENT

Further to Copper Quest Exploration Inc.'s news release dated Dec. 10, 2025, it has issued an aggregate of 579,764 flow-through shares of the company at a price of 19 cents per FT share for aggregate gross proceeds of $110,155.16 in connection with the closing of the second and final tranche of its previously announced non-brokered private placement.

Each FT share constitutes a flow-through share within the meaning of the Income Tax Act (Canada) and the gross proceeds of the private placement will be used by the company for exploration and related programs, which qualify as Canadian exploration expenses and either flow-through mineral mining expenditures or flow-through critical mineral mining expenditures, as applicable, as such terms are defined in the tax act, in connection with Copper Quest's projects in British Columbia.

In connection with the private placement, the company has paid cash finders' fees totalling $2,770.20 and issued a total of 14,580 finders' warrants entitling the holder thereof to acquire one non-flow-through common share at an exercise price of 19 cents until Dec. 24, 2027.

All securities issued pursuant to the private placement are subject to a statutory four-month hold period expiring April 25, 2026.

About copper

Copper is an essential industrial metal at the heart of the global energy transition and modern infrastructure. It plays a critical role in electrification, renewable energy systems, electric vehicles, data centres and smart technologies. With global demand rising and new supply challenged by declining grades, complex permitting and underinvestment, the copper market faces persistent deficits and growing geopolitical scrutiny. Recent United States policy announcements, including import tariffs and initiatives to secure domestic and allied supply chains, underscore copper's strategic importance, and the need for resilient, localized resource exploration, development, production and processing capacity.

About Copper Quest Exploration Inc.

Copper Quest is committed to building shareholder value through acquisitions, discovery-driven exploration, disciplined execution and responsible development of its North American critical mineral portfolio of assets.

The company's land package currently comprises six projects that span over 40,000-plus hectares in great mining jurisdictions as well as the Kitimat Cu-Au (copper-gold) project pending acquisition.

We seek Safe Harbor.