Mr. Jonathan Egilo reports

AXO COPPER ANNOUNCES NAME CHANGE TO AXO METALS

Further to its news release dated March 31, 2026, Axo Copper Corp. will be changing its name to Axo Metals Corp., effective May 1, 2026. The name change was approved by shareholders at the special meeting held on April 27, 2026. The ticker symbol of the company will remain unchanged.

The new Cusip number and ISIN (international securities identification number) for the common shares of the company will be 05465W106 and CA05465W1068, respectively. The name change will not affect the company's share structure or the rights of shareholders. No action is required to be taken by shareholders with respect to the name change. Outstanding common share and warrant certificates bearing the old name of the company will not be affected by the name change and do not need to be exchanged.

About Axo Copper Corp.

Axo is a Canadian mineral exploration company engaged in the exploration and development in Mexico. The company holds two projects. The San Antonio project is located in the state of Sonora and is in advanced development. Total resources at San Antonio stand at 576,000 ounces gold and 1.37 million ounces silver grading 1.20 grams per tonne Au and 2.9 g/t Ag in the indicated category, with 544,000 ounces Au and 1.76 million ounces Ag grading 1.02 g/t Au and 3.3 g/t Ag in the inferred category across all deposit types (oxide, transition and sulphide). Axo's second project is the La Huerta property, a new copper discovery in Jalisco, Mexico. Initial exploration has yielded high-grade copper both at surface through sampling programs and at depth through initial drilling. The company is focused on continuing to define near-surface mineralization along the La Huerta trend, expanding mineralization at depth and targeting new discoveries in an underexplored district.

Qualified person

Charles Spath, PGeo, is the qualified person for Axo, as defined under National Instrument 43-101, and is non-independent. Mr. Spath has reviewed and approved the scientific and technical information in this press release.

For further information regarding the San Antonio project and the La Huerta property, please see the company's technical reports titled "NI 43-101 Technical Report for the San Antonio Project, State of Sonora, Mexico," dated Nov. 1, 2025, with an effective date of Nov. 1, 2025, and "Technical Report on the La Huerta Copper Property, Jalisco State, Mexico," dated March 28, 2025, with an effective date of Jan. 24, 2025, copies of which can be obtained under the company's profile on SEDAR+.

We seek Safe Harbor.