Mr. Terry MacDonald reports

COPPER LAKE RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED private pLACEMENT

Copper Lake Resources Ltd. has closed the first tranche of its previously announced non-brokered private placement (Sept. 3, 2026). The company has closed on a total of 15,625,031 units at a price of 15 cents per unit for gross proceeds of $2,343,755. The second and final tranche is expected to close by Oct. 14, 2026.

Each unit is composed of 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 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-months-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 which is 30 days following the date on which the company announces the accelerated expiry of the warrants by press release.

The net proceeds of the financing will be used for exploration at the company's Marshall Lake project and for general working capital purposes.

The completion of the private placement remains subject to the receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.

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.

We seek Safe Harbor.