Mr. Terry MacDonald reports

COPPER LAKE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Copper Lake Resources Ltd. intends to complete a non-brokered private placement financing for total gross proceeds of up to $5-million. The financing will consist of up to 33,333,333 units at a price of 15 cents per unit. Each unit comprises one common share in the capital of Copper Lake and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of 20 cents per common share. Warrants issued as part of the units will be exercisable for a period of 24 months from the closing date.

The warrants shall be subject to an accelerated expiry date clause, whereby, at any time following the expiry of the four-month-and-one-day hold period, should the weighted average closing price of the common shares on the TSX Venture Exchange be more than 40 cents for a period of 15 consecutive trading days, the company shall be entitled to accelerate the expiry date of the warrants to a date that is 30 days following the date on which the company announces the accelerated expiry of the warrants by news release.

Closing of the proposed private placement is subject to obtaining all required approvals, including the approval of the TSX-V and any other regulatory approval. All securities issued pursuant to the private placement will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws.

The company may pay finders' fees, consisting of cash and finders' warrants, to certain qualified individuals. Each finder's warrant would be issued upon the same terms as the warrants issued as part of the offering.

The financing is expected to close on or about Sept. 29, 2026. The net proceeds of the financing will be used for exploration at the company's Marshall Lake project and for general working capital purposes. In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will have a hold period of four months and one day from the date of issuance.

About Copper Lake Resources Ltd.

Copper Lake Resources is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario.

The Marshall Lake high-grade VMS (volcanogenic massive sulphide) copper, zinc, silver and gold project comprises an area of approximately 220 square kilometres, located 120 kilometres north of Geraldton, Ont., and is accessible by all-season road from the Trans-Canada Highway and just 22 kilometres north of the main CNR rail line. Copper Lake has a 79.45-per-cent interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells staked in 2018 and 2020 that are 100 per cent owned and not subject to any royalties, which add approximately 30 square kilometres to the original property.

In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100 per cent owned by the company and are not subject to any royalties. The Sollas Lake property consists of 20 claim cells comprising an area of four square kilometres on the east side of the Marshall Lake property, where historical EM (electromagnetic) airborne geophysical surveys have outlined strong conductors on the property hosted within the same favourable felsic volcanic units. The Summit Lake property currently consists of 100 claim cells comprising an area of 20.5 square kilometres, is accessible year-round and is located immediately west of the original Marshall Lake property. The Marshall Lake project is located in the traditional territories of the Aroland and Animbiigoo Zaagi igan Anishinaabek (AZA) first nations.

Copper Lake has a 69.79-per-cent joint venture interest in the Norton Lake nickel, copper, cobalt and palladium PGM (platinum group metal) property, located in the southern Ring of Fire area, is approximately 100 kilometres north of the Marshall Lake property. The Norton Lake property is located in the traditional territories of the Eabametoong (Fort Hope) and Neskantaga first nations.

We seek Safe Harbor.