Mr. Ivan Bebek reports

COPPERNICO SIGNS DRILL CONTRACT FOR PHASE 2 DRILL PROGRAM AT SOMBRERO

Coppernico Metals Inc.'s wholly owned Peruvian subsidiary, Sombrero Minerales SAC, has signed a new agreement with AK Drilling International SA, a Peru-based drilling contractor, to carry out the company's phase 2 drill program at its copper-gold Sombrero project, located in Ayacucho, Peru.

Under the agreement, Coppernico has committed to a minimum of 5,000 metres of diamond drilling, subject to receiving the start-of-activities authorization from Peru's Ministry of Energy and Mines (MINEM), which the company currently anticipates receiving in the coming months. Mobilization of equipment and personnel is expected to begin following receipt of the final authorization.

Ivan Bebek, chief executive officer and chair of Coppernico, commented: "We are pleased to continue our collaboration with AK Drilling, following their strong operational performance during our phase 1 drill program and demonstrated commitment to safety and environmental management. Phase 1 was completed without any safety incidents, and their team performed very well throughout the program. We look forward to working with them again as we take this important next step toward testing the key target areas at Sombrero through a larger, focused, multitarget drill program.

"The next phase of drilling is expected to create considerable job opportunities for our local communities. In parallel, agricultural initiatives supported through Agroideas remain ongoing, reflecting our commitment to creating sustainable, long-term benefits for communities surrounding Sombrero beyond the exploration program itself.

"Coppernico is financed to advance the initial stages of the program, supported by the $6.5-million secured through two recently completed financings. These financings included participation by Teck Resources Ltd., maintaining its 9.9-per-cent ownership position in the company."

High-level phase 2 drilling strategy

The 2026 phase 2 drill program is being designed to systematically advance some of the most compelling targets across the broader Sombrero project, with an initial focus on expanding known mineralization at Fierrazo and testing a pipeline of high-priority exploration targets.

Drilling is expected to commence at Fierrazo, where historical drilling has demonstrated significant copper mineralization and geological and geophysical evidence indicates that the system remains open in multiple directions. The planned program will seek to expand the known mineralized footprint, establish continuity and further define the scale potential of the Fierrazo system.

Beyond Fierrazo, the company plans to thoroughly test a series of key targets across the Ccascabamba and Tipicancha target areas as well as the Huachana target located south of Nioc. Planned drilling includes initial testing of the mineralized system at Huachana, focused drilling at Chumpi, vectoring within the Hojota and Corrales zones, and initial drill evaluation of Tipicancha.

The drill program has been structured to allow the company to scale activity in response to results, including the potential deployment of additional drill rigs to accelerate follow-up on successful targets. This flexibility is intended to allow Coppernico to rapidly advance encouraging results while continuing to evaluate the broader Sombrero target pipeline.

Nioc represents another high-priority drill target, where community agreements and permitting activities are under way, with the objective of commencing an initial drill campaign in the first half of 2027. Recent channel sampling at Nioc identified multiple areas of copper mineralization at surface, including intervals over tens of metres grading approximately 1 per cent copper (see the company's news releases dated Sept. 4, 2025, and Jan. 12, 2026), which remain open for expansion and have not previously been drill tested.

Collectively, the phase 2 drill program is designed to test both the scale of advanced mineralized systems and a series of new, untested discovery opportunities across Sombrero, creating multiple avenues for significant value. Further details, including specific drill locations, sequencing and timelines, will be provided as the company advances toward mobilization and the commencement of drilling in the near future.

Coming conferences and events

Coppernico plans to maintain an active presence at key industry conferences and investor events through the remainder of 2026 and into 2027. Management will be available for meetings with investors, analysts and industry participants at the following events. Investors interested in requesting an in-person meeting with management at any of the road shows or conferences listed below are encouraged to contact the company at info@coppernicometals.com:

• New York non-deal road show -- Sept. 16 to Sept. 17, 2026, New York, N.Y.;
• 2026 Precious Metals Summit Beaver Creek -- Sept. 22 to Sept. 25, 2026, Beaver Creek, Colo.:
  • CEO presentation: Thursday, Sept. 24, 2026, from 1:30 p.m. to 1:45 p.m., Room 2;
• European non-deal road show -- Sept. 27 to Oct. 2, 2026, Frankfurt, Zurich and Munich;
• Kinvestor Day virtual investor conference -- Oct. 22, 2026;
• Red Cloud Fall Mining Showcase 2026 -- Oct. 28 to Oct. 29, 2026, Toronto, Ont.;
• 2026 Precious Metals Summit Zurich -- Nov. 9 to Nov. 11, 2026, Zurich, Switzerland:
  • CEO presentation: Wednesday, Nov. 11, 2026, from 2:30 p.m. to 2:45 p.m., Room 2;
• 121 Mining Investment London -- Nov. 23 to Nov. 24, 2026, London, England;
• 121 Mining Investment Dubai -- Nov. 26 to Nov. 27, 2026, Dubai, United Arab Emirates;
• Vancouver Resource Investment Conference (VRIC) 2027 -- Jan. 24 to Jan. 25, 2027, Vancouver, B.C.;
• Prospectors & Developers Association of Canada (PDAC) 2027 -- March 7 to March 10, 2027, Toronto, Ont.

Additional information regarding Coppernico's participation, including presentation and meeting details as they become available, can be found on the company's Upcoming Events page on its website.

Technical disclosure and qualified person

The scientific and technical information contained in this news release was reviewed and approved by Tim Kingsley, MSc, CPG, Coppernico's vice-president of exploration, who is a qualified person as defined in National Instrument 43-101.

About Coppernico Metals Inc.

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent project evaluation and exploration, in pursuit of the discovery of large-scale high-grade copper-gold deposits in the Americas. The company's management and technical teams have a successful record of raising capital, discovery and the monetization of exploration successes. The company's objective is to become a leading advanced copper and gold explorer and, through its wholly owned Peruvian subsidiary, Sombrero Minerales, is currently focused on the Ccascabamba (previously referred to as Sombrero Main) and Nioc target areas within the Sombrero project in Peru, its flagship project, while regularly reviewing additional premium projects to consider for acquisition.

The Sombrero project is a land package of approximately 57,000 hectares (570 square kilometres) located in the northwestern margins of the world-renowned Andahuaylas-Yauri trend in Peru. It consists of a number of prospective exploration targets characterized by copper-gold skarn and porphyry systems and precious metal epithermal systems. The company's NI 43-101 technical report, with an effective date of April 17, 2024, and as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba and Nioc target areas of the Sombrero project. The Tipicancha target was determined subsequent to the date of that report.

Common shares of Coppernico Metals are listed on the Toronto Stock Exchange under the symbol COPR, trade on the OTCQB Venture Market under symbol CPPMF and are quoted over the counter by certain dealers in the Unofficial Market of the Frankfurt Stock Exchange under the symbol 9I3.

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