Mr. Simon Quick reports

CANADIAN COPPER INC. COMPLETES CARIBOU COMPLEX TRANSITION

Canadian Copper Inc. has completed the title transfer for the Caribou complex and has officially assumed management and operation of the facility. The official closing took place at a government of New Brunswick event in Bathurst, N.B., last week on July 28, 2026.

Appointment of management positions

The company has completed its first series of appointments to manage the care, maintenance and environmental compliance activities at the Caribou complex. The new team consists of local previous site managers, experienced operators, as well as Bathurst-based third party contractors.

Acting general manager, Chris Stewart

Mr. Stewart is a Red Seal journeyman electrician with more than 20 years of experience in the mining industry, specializing in concentrator start-ups, commissioning, maintenance, shutdowns and site compliance. Mr. Stewart has extensive knowledge of the Caribou complex, having participated in two separate mine restart and commissioning phases (2015 and 2021). His Caribou specific experience also includes managing surface infrastructure operations, including milling upgrades, the water treatment plant, tailings management facilities and underground mine infrastructure.

Most recently, Mr. Stewart served as manager of the Caribou Windpark, where he oversaw the operation of 33 wind turbines with a combined generating capacity of 99 megawatts.

Environmental manager Gordon Sheppard, PEng

Mr. Sheppard is a professional engineer with an excess of 40 years of experience in environmental, geotechnical and mining engineering. He has worked across Canada on base metal and gold extraction projects in various roles including environmental lead, chief engineer, project manager and contract administrator. Mr. Sheppard has previous experience working on the Caribou site and brings legacy knowledge of the property to the Canadian Copper Inc. operation. He is well versed in mine and tailings management facilities environmental permitting.

Mr. Sheppard graduated from the University College of Cape Breton as a mineral technologist and the Technical University of Nova Scotia (now Dalhousie University) with a bachelor of mining engineering.

Elmtree Mining Inc., care and maintenance contractor

Elmtree Mining works in collaboration with Elmtree Resources Ltd., a northern New Brunswick company that has operated open-pit limestone quarries since 1978. Since 2014, Elmtree Resources has been a key contractor at the Caribou complex, providing services including drilling and blasting, crushing, site civil construction, and tailings facility work. This long history at the site has resulted in a thorough understanding of the mine's infrastructure, environmental requirements and operational needs.

CBC News covered the announcement in both a written article and television segment, highlighting the company's vision for responsibly bringing mining back to the region.

Environmental impact assessment (EIA) update

The New Brunswick Department of Environment and Local Government (NBDELG) has initiated its determination review of the Murray Brook project EIA registration document.

Members of the public are encouraged to learn more about the project and participate in the review process.

On Tuesday, July 29, Canadian Copper hosted a community open house at Bathurst City Hall. The event was well attended by local vendors, former Caribou mine employees, community members, stakeholders and Bathurst Mayor Kim Chamberlain. The company appreciates everyone who took the time to attend and share their questions, feedback and perspectives.

Public comments will be accepted until Aug. 21, 2026, and submitted as part of the EIA review process. Public comments can also be submitted to: EIA@canadiancopper.com

About Canadian Copper Inc.

Canadian Copper is a Canadian-based mineral development company with a 100-per-cent-owned copper, zinc and silver portfolio of mineral resources, as well as other base metal exploration assets. The company is focused on the prolific Bathurst mining camp (BMC) of New Brunswick, Canada.