Mr. Ian Harris reports

COPPER GIANT SIGNS STRATEGIC MINING AREA CONTRACT WITH COLOMBIA'S NATIONAL MINING AGENCY

Copper Giant Resources Corp.'s wholly owned Colombian subsidiary, Libero Cobre Ltd., has signed a special exploration and exploitation contract with Colombia's Agencia Nacional de Mineria (ANM) for the Chaparral block (Block 39), an area of 1,614.73 hectares in the municipality of Chaparral, Department of Tolima. The block was awarded by ANM Resolution VCT 3177 of Aug. 24, 2026, under the ANM's national tender of strategic mining areas for copper, gold and associated minerals, and the contract was signed on Oct. 9, 2026, at a national signing ceremony that the ANM described as a historic event for mining investment in Colombia. Copper Giant is one of five companies to hold a contract from the tender, and was qualified at Type C, the highest of the ANM's three capability tiers, for a block that required Type B.

Highlights

• Selected by the Colombian state: Copper Giant signed its contract with the ANM on Oct. 9, 2026. Five companies hold contracts from the national tender; the others include one of the world's largest mining groups as well as established Colombian producers.
• Signed at a national ceremony: The ANM made the Oct. 9 signing a national event, which it described as a historic event for mining investment in Colombia, attended by Luis Francisco Madrinan Valderrama (vice-minister of mines), Juan Camilo Valencia Gonzalez (ANM president) and Andrea Mayorquin (Tolima director of Mines and Energy). Nine contracts were signed that day across the ANM's mining tenders.
• Qualified at the highest tier: Copper Giant is one of eight companies the ANM qualified at Type C, the highest of three capability tiers, alongside several of the world's largest mining companies. Four of those eight hold contracts. Block 39 required Type B.
• A multiyear state process: The Colombia state reserved the Chaparral area in 2022, completed territorial screening and concertation with the municipality, declared the block in June, 2025, opened the tender in December, 2025, awarded the block on Aug. 24, 2026, and signed the contract on Oct. 9, 2026.
• Ground the national geological survey ranked highest: Four of the five sectors the Servicio Geologico Colombiano (SGC) identified as being of high mineral potential in the Chaparral district fall within Block 39.
• Mocoa is unchanged: The company's work program and priorities at Mocoa are unaffected.

"Colombia put its highest-potential copper ground into a national process, set one qualification standard and applied it to everyone from the majors down. We were certified at the top tier of that standard. Eight companies met that standard, including some of the largest miners in the world. Four came away with contracts, and we are one of them. The process opened under one government and the award came under the next, which tells you where copper now sits in this country. We have worked in Colombia for years by doing what we said we would do, community by community. That is what earns a company the right to compete for ground like this. Mocoa remains our priority and our program there is unchanged," stated Ian Harris, president and chief executive officer.

The tender process

Of the nine contracts signed at the Oct. 9, 2026, ceremony, eight were under this tender. Registration of the contract in the Colombian National Mining Registry is complete. The tender was opened on Dec. 15, 2025, and completed by the ANM under the administration that took office on Aug. 7, 2026. At the signing ceremony, the ANM's president said the agency had been instructed by the President of Colombia "to generate the greatest prosperity for the people of Colombia," and called for "more mining, more development" across the country's regions. The signing has quickly followed the framework for cooperation on critical minerals supply chains signed by Colombia and the United States on Sept. 8, 2026.

The ANM defined Block 39 by Resolution 1701 of June 20, 2025, as one of a package of strategic mining areas approved by agreement 005 of Nov. 27, 2025, of the ANM's board of directors. Terms of reference were adopted by Resolution 3356 of 11 December, 2025, and the process was opened by public notice on Dec. 15, 2025.

Libero Cobre Ltd. was qualified by the ANM at Type C by Resolution 200-491 of April 15, 2026, which became final on April 17, 2026. The company's offer for Block 39 was filed on July 21, 2026, and was found by the ANM's evaluation committee to comply with the requirements of the terms of reference.

No acquisition payment was payable to the ANM for the award of Block 39. Under the contract, the company has committed to a minimum exploration program for the block, and the economic terms of its offer are an additional economic consideration of 1.5 per cent and a social consideration of 2.0 per cent, each payable on production and in addition to statutory royalties. An annual surface canon is payable during the exploration stage, at 50 per cent of the canon in the first and second years, 75 per cent in the third and fourth years, and 100 per cent thereafter. The terms of reference provide for an initial technical evaluation stage of one year, extendable by one year, during which investment counts toward the company's commitment and the company may terminate the contract before entering the exploration stage without penalty.

The Chaparral block

The Chaparral block comprises 1,614.73 hectares in the municipality of Chaparral, Department of Tolima, on the eastern flank of Colombia's Central Cordillera. The block lies approximately 306 kilometres northeast of the Mocoa project and 85 km from Ibague, the capital city of the department of Tolima, and is reached by paved roads from Ibague.

The Chaparral block lies within the Chaparral metallogenic district, which the SGC places in the Ibague-Mocoa metallogenic subprovince, a Jurassic magmatic arc domain of the Central Cordillera. Geology within and around the block is dominated by the Ibague batholith, together with the Saldana and Amoya formations and the Icarco complex. Northwest-southeast and northeast-southwest lineaments are interpreted as controls on intrusion and hydrothermal circulation.

The information available to the company for the block comprises regional and local geological mapping, stream sediment and soil geochemistry, rock geochemistry, and airborne magnetic and radiometric survey data, compiled from the SGC's published evaluation of the mineral potential of the Chaparral district.

That work describes disseminated and microveinlet pyrite, chalcopyrite, molybdenite, sphalerite, pyrrhotite and magnetite, and hydrothermal alteration zoned from a potassic assemblage of secondary biotite, K-feldspar and magnetite, through sericitic and silicic assemblages, to a peripheral propylitic assemblage of chlorite, epidote and actinolite; a zonation the SGC describes as compatible with a porphyry-style system. Stream sediment geochemistry returns copper values above 300 parts per million and molybdenum above five ppm, with Cu-Mo-Ag-Au (copper-molybdenum-silver-gold) associations and peripheral Pb-Zn (lead-zinc) haloes, and local maxima at La Salina and Quebradagrande. Airborne radiometric data show potassium highs and low thorium/potassium ratios coincident with those anomalies, consistent with hydrothermal potassic alteration. Magnetic modelling indicates kilometre-scale, subvertical intrusive bodies at approximately one to three kilometres depth.

Taken together, these data sets describe a coincident geochemical, alteration and geophysical footprint across the eastern part of the district, in the La Salina-Quebradagrande-Astilleros corridor. The company's initial interpretation is that any mineralized centre associated with this footprint would lie at depth, and that surface geochemical tenor is therefore not an appropriate measure of the target.

No mineral resource or mineral reserve has been estimated on the Chaparral block, and no historical estimate exists for it. The company has not carried out exploration on the block. The information described above was published by the SGC, was not prepared by or under the supervision of the company and has not been independently verified by the company or by its qualified person.

Next steps

The company's offer included an exploration program for the block, prepared against the work requirements set out in the terms of reference of the tender. That program is the company's contractual work commitment under the special exploration and exploitation contract, and the company intends to carry it out. Field activities on the block are subject to registration to the environmental, social and other approvals required to conduct exploration in the department of Tolima. The company's work program at Mocoa is unchanged.

Qualified person and technical notes

The scientific and technical information in this news release has been reviewed and approved by Edwin Naranjo Sierra, FAusIMM, vice-president of exploration of Copper Giant Resources, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Naranjo Sierra is not independent of the company. The qualified person has not independently verified the information published by the SGC.

The Chaparral block is an early stage exploration property. No mineral resource or mineral reserve has been estimated on the block, and the company has not conducted exploration on it. The geological, geochemical and geophysical information described in this news release is regional to district in scale, was compiled from sources published by the SGC and has not been independently verified by the company. Descriptions of favourable geology, hydrothermal alteration, geochemical anomalies or geophysical features are not necessarily indicative of mineralization on the Chaparral block. Mineralization at the company's Mocoa project is not necessarily indicative of mineralization on the Chaparral block. There is no assurance that exploration on the Chaparral block will define a mineral resource.

About the Mocoa porphyry system

The Mocoa project is located in Colombia's Department of Putumayo, approximately 10 kilometres from the town of Mocoa in the country's south. Copper Giant controls more than 128,300 hectares of district-scale tenure through granted titles and applications, covering a significant portion of the Jurassic porphyry belt, an underexplored and highly prospective metallogenic corridor within the northern Andes.

Mocoa was first identified in 1973 through a regional geochemical survey conducted by the United Nations and the Colombian government. Follow-up programs between 1978 and 1983 included geological mapping, IP and magnetic geophysics, surface sampling, drilling, and metallurgical testing. Subsequent drilling by B2Gold in 2008 and 2012 refined the geological interpretation and confirmed the large scale of the system.

The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics of the Central Cordillera in Colombia, a 30-kilometre-wide tectonic belt that extends into Ecuador and also contains major porphyry systems such as Mirador, Warintza, San Carlos and Panantza. Mocoa exhibits classic porphyry-style zonation with a potassic core surrounded by sericite and propylitic alteration. Mineralization consists principally of disseminated chalcopyrite and molybdenite, accompanied locally by bornite and chalcocite, and is associated with stockwork veining and hydrothermal breccias.

A distinguishing geological feature of Mocoa is the presence of a fertile magmatic window spanning roughly 10 million years, a prolonged and unusually productive interval of magma generation and evolution that is not commonly observed in other Jurassic porphyry systems within the same belt. This extended fertile period provides a compelling explanation for the system's large metal endowment, broad alteration footprint, and overlapping intrusive and hydrothermal events.

The deposit demonstrates more than 1,100 metres of vertical continuity, with multiple intrusive phases, brecciation episodes and vein generations reflecting a dynamic and long-lived magmatic-hydrothermal evolution, likely influenced by more than one porphyry centre. Mocoa remains open along several directions and several satellite targets across the broader land package support the interpretation of a district-scale mineralized system.

Mocoa's mineral resource estimate effective Sept. 24, 2026 (the updated MRE) comprises indicated resources of 0.29 billion tonnes (Bt) at an average grade of 0.54 per cent copper equivalent (CuEq) (0.33 per cent Cu, 0.038 per cent Mo), 2.13 billion pounds (Blb) of copper and 0.24 billion pounds (Blb) of molybdenum; and inferred resources of 1.60 billion tonnes (Bt) at an average grade of 0.40 per cent CuEq (0.27 per cent Cu, 0.025 per cent Mo), containing 9.36 billion pounds (Blbs) of copper and 0.89 billion pounds (Blb) of molybdenum technical report prepared in accordance with National Instrument 43-101 for the updated MRE detailed in a press release dated Oct. 14, 2026, prepared by APEX Geoscience Ltd. will be filed on SEDAR+ and on the company's website by the end of November, 2026.

About Copper Giant Resources Corp.

Copper Giant Resources is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition, responsibly, efficiently and with long-term positive impact.

The company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction.

Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity, and the catalyst for the company's name and evolution.

Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring values for all stakeholders and playing a meaningful role in the global energy transition.

We seek Safe Harbor.