Mr. Brad Peters reports
PACIFIC EMPIRE CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT AND ANNOUNCES ARRIVAL OF OMINECA DRILLING AT TRIDENT
Pacific Empire Minerals Corp. has closed the second and final tranche of its non-brokered private placement. Omineca Drilling Ltd. has arrived to commence diamond drilling at the company's flagship Trident copper-gold project in north-central British Columbia.
Second tranche closing
Further to news releases dated Sept. 17 and Oct. 7, 2025, the company has closed the second and final tranche of its offering for gross proceeds of $140,702, bringing the total raised to $1,526,991.95.
Under this final tranche, Pacific Empire issued:
- 22,999,770 hard-dollar units at 3.5 cents per unit;
- 18.05 million flow-through units at four cents per unit.
Each hard-dollar unit consists of one common share and one common share purchase warrant exercisable at five cents for two years. Each flow-through unit consists of one flow-through common share and one warrant exercisable at six cents for two years.
Finders' fees for both tranches totalling $56,611.94 in cash and 1,539,984 finder warrants were paid to eligible parties including Haywood Securities Inc., Canaccord Genuity Corp., Research Capital Corp. and Raymond James Ltd. All securities are subject to a four-month hold period under applicable laws.
Proceeds will be used to finance exploration activities at Trident and for general working capital.
Drilling to commence at Trident
Pacific Empire is pleased to report that Omineca Drilling has arrived at the Trident camp, with diamond drilling set to commence today. The 2025 program is fully permitted and will include five holes totalling approximately 2,500 metres, designed to test both porphyry and breccia targets that have never before been drilled despite decades of historical exploration in the area.
The targets lie along the contact between the Hogem Plutonic suite and the Chuchi Lake volcanic succession -- a geological setting that hosts numerous copper-gold porphyry deposits across British Columbia.
Brad Peters, president and chief executive officer of Pacific Empire, commented: "With Omineca Drilling on site and the final tranche now closed, we are thrilled to begin the first-ever diamond drill program on the current target area at Trident. This is a pivotal moment for Pacific Empire and our shareholders -- the culmination of years of systematic work and the start of what we believe could be a transformational discovery program."
Unlocking untested ground
Although nearly 80 drill holes have been completed at Trident since the 1970s, none have tested the northern porphyry and breccia targets. Historically, access to this area was prevented by the need to cross a creek, which required significant planning and permitting. With Pacific Empire's recently granted multiyear area-based exploration permit, the company is now positioned to drill this area for the very first time. This makes the 2025 program a true milestone in the project's history -- opening ground that has long been considered the most prospective but remained completely untested.
Strategic importance
The Trident drill program comes at a time when global copper demand is accelerating due to electrification, grid expansion and electric vehicle adoption. At the same time, new large-scale copper discoveries have become increasingly rare, underscoring the importance of exploring in proven, mining-friendly jurisdictions such as British Columbia. With gold also consistently present as a byproduct credit in the system, Trident has the potential to deliver the combination of size, grade and precious metals that makes porphyry copper-gold deposits particularly attractive.
Pacific Empire believes the 2025 drill program represents a critical opportunity in the Trident property's 50-year history of exploration. The combination of historical mineralization at the A zone, overlapping geophysical and geochemical anomalies at the porphyry target, and newly permitted access to never-before-drilled breccia targets creates a unique discovery opportunity. With drilling scheduled to begin in September, 2025, Pacific Empire is well positioned to advance Trident toward what could be a significant gold-enriched copper porphyry discovery.
Other matters
The latest president's newsletter, along with updated maps and corporate presentation, are now available Pacific Empire's website.
About Trident
The Trident property is an early exploration stage property hosting an alkalic porphyry copper-gold-silver prospect with district-scale potential that is accessible by vehicle. The property is located approximately 50 kilometres southeast of the Kwanika deposit owned by NorthWest Copper Corp. and 50 km to the northwest of Centerra Gold's Mt. Milligan mine. The property covers 6,618 hectares endowed with well-established logging roads providing important efficient access to conduct exploration programs.
In 2022, Pacific Empire acquired a 100-per-cent interest in the property in exchange for granting the vendors a 2-per-cent net smelter return royalty (NSR). One-half (1 per cent) of the 2-per-cent NSR which may be purchased for $500,000 by Pacific Empire.
About Pinnacle
The Pinnacle project is located 60 km west of Centerra Gold's Mt. Milligan copper-gold mine and 30 km southeast of NorthWest Copper's Kwanika copper-gold deposit in a proven copper-gold porphyry district. Access to the Pinnacle is by road including a new and expanding network of logging roads and trails throughout the main target areas. This improved access is a significant development and is anticipated to contribute to cost effective drill support and provides additional bedrock exposure.
Qualified person's statement
Kristian Whitehead, PGeo, serves as a qualified person as defined by National Instrument 43-101 and has reviewed the scientific and technical information in this news release, approving the disclosure herein.
About Pacific Empire Minerals Corp.
Pacific Empire is a copper exploration company based in Vancouver, B.C., and trades on the TSX Venture Exchange under the symbol PEMC. The company has a district-scale land position in north-central British Columbia totalling 22,541 hectares.
British Columbia is a "green" copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.
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