Mr. Michael Curtis reports

GENERAL COPPER GOLD CORP. ANNOUNCES INCREASE TO PROPOSED FINANCING

General Copper Gold Corp.'s proposed private placement, previously announced on May 5, 2026, has been oversubscribed. The company proposed to complete a private placement of units of the company at a price of five cents per unit for gross proceeds of not less than $1.5-million. Each unit shall comprise one common share in the capital of the company and one-half of one common share purchase warrant. Each whole common share purchase warrant shall entitle the holder thereof to acquire a common share in the capital of the company at a price of 10 cents per share for a period of 12 months.

As a result of the oversubscription, the company has increased the size of the offering to up to $1.75-million. Other than the increase in the size of the offering, the terms and conditions of the private placement have not been amended. The proposed private placement remains subject to Canadian Securities Exchange approval.

All of the securities to be issued under the private placement will be subject to a four-month resale restriction. The company may pay a cash finder's fee on a portion of the private placement to eligible persons seeking subscribers to the offering, all in accordance with applicable securities laws and the policies of the CSE.

The net proceeds from the private placement will be used for the purposes of exercising the option under an option agreement dated May 4, 2026, with Frantier Mining Namibia Pty. Ltd., pursuant to which the company has been granted the sole, exclusive and irrevocable option to acquire an 80-per-cent undivided interest in an application for an exclusive prospecting licence covering approximately 48,500 hectares of land situated in Namibia and to advance exploration on the company's Topley Richfield copper-gold property in British Columbia, and for general corporate purposes. If the company is not able to complete the private placement and obtain all necessary approvals, then it will not be able to satisfy its obligations under the agreement and the company will not be able to exercise the option under the agreement.

About General Copper Gold Corp.

General Copper Gold is an independent mineral exploration company based in Vancouver, B.C., that is engaged in the business of exploring for and evaluating mineral properties.

General Copper Gold is currently exploring the 2,313-hectare Topley Richfield copper-gold property in British Columbia. Topley Richfield is a historic mining area with previous work carried out in 2008 and 2015, as well as geophysical surveys in 2021. There are significant historical drilling intercepts and the 2021 geophysics highlighted further key highly prospective areas that have yet to be explored. Multiple drill targets have already been identified by the company.

Reader advisory

The company cannot exercise the option under the terms of the agreement and complete the private placement of units until the company has obtained the approval of the CSE to list its common shares on the CSE. If the company is not able to complete the private placement, obtain all the necessary approvals and satisfy the listing requirements of the CSE, then it will not be able to satisfy its obligations under the agreement and the company will not be able to exercise the option under the agreement. There can be no assurance that the terms of the agreement will be completed as proposed or at all.

This news release should not be considered a comprehensive summary of the terms of the agreement. Reference should be made to the full text of the agreement, which is posted under the company's profile on SEDAR+.

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