Mr. James Deckelman reports

COPPERHEAD ANNOUNCES $4.0 MILLION PRIVATE PLACEMENT FINANCING TO ACCELERATE ENTRY INTO THE DEEP SEA CRITICAL MINERALS SECTOR

Copperhead Resources Inc. (to be renamed Deep Sea Minerals Corp.) intends to complete a non-brokered private placement of up to 10 million shares at 40 cents per share for aggregate gross proceeds of up to $4-million. The offering is expected to close on or before Feb. 6, 2026, and may close in one or more tranches.

In connection with the offering, the company will pay finders' fees of up to 7.0 per cent of the gross proceeds raised by the company from the sale of shares to subscribers directly introduced to the company by eligible finders. In addition, the company will issue to eligible finders non-transferable finders' warrants of up to 7.0 per cent of the number of shares sold in the offering. Each finder's warrant will entitle the holder to acquire one share at a price of 40 cents per share for a period of 24 months from the date of issuance, all in accordance with the policies of the Canadian Securities Exchange.

The gross proceeds from the issuance of the shares will be used to complete certain business objectives, as more particularly described in the company's CSE Form 2A listing statement dated Jan. 19, 2026, a copy of which is available under the company's profile on SEDAR+, for repayment of the loan (as defined in the listing statement) and for general working capital purposes. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including acceptance of the offering by the CSE. The offering is not subject to a minimum aggregate amount of subscriptions. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and CSE policies.

"This private placement will enable Deep Sea to accelerate early-stage value capture and to deliver on its growth objectives," said James Deckelman, chief executive officer of Deep Sea. "It will secure the working capital required to apply for subsea mineral rights in priority jurisdictions and to aggressively pursue other strategic initiatives."

Strategic objectives and rare entry point into untapped resources

The offering is intended to finance the company's initial execution phase as it advances its strategy to establish a foothold in the deepsea critical minerals sector, one of the least developed, yet increasingly strategic, resource frontiers globally.

The company will be focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration and development of deepsea mineral assets. The company will seek to identify jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which are recognized for containing combinations of metals that may be relevant to defence, industrial manufacturing, clean energy infrastructure, advanced electronics and artificial intelligence related supply chains.

As part of this process, the company has commenced early-stage engagement with select governments and regulatory stakeholders in the Pacific Ocean region to assess potential pathways for future exploration initiatives, subject to applicable international, national, and environmental frameworks.

With limited competition, scarce available licences and rising geopolitical urgency around mineral security, the company believes there is a narrow window of opportunity to establish early mover positioning in this emerging sector. The company's approach emphasizes technical and scientific rigour, environmental responsibility, regulatory co-ordination and disciplined capital deployment.

Aligned with global policy and national security priorities

The company's strategic focus aligns with recent policy actions by the United States government emphasizing the importance of securing long-term access to critical minerals. In particular, an executive order issued by President Donald J. Trump directed U.S. federal agencies to accelerate the assessment and development of deepsea mineral resources as part of a broader effort to reduce reliance on foreign-controlled supply chains for materials deemed essential to national defence, advanced manufacturing and economic security.

This executive order was reinforced in a Jan. 14, 2026, Trump Administration proclamation directing the U.S. Commerce Secretary to pursue negotiation of agreements to address the threatened impairment of the national security with respect to imports of processed critical minerals and derivative products (PCMDPs) from any country.

Together, these actions signal growing recognition that seabed mineral resources may represent a strategically important component of future critical minerals supply, particularly for the United States and allied economies.

Key corporate changes

Further to the company's strategic initiatives, Deep Sea has completed a corporate rebrand and launched a dedicated website, providing investors and stakeholders with an overview of the company's strategic direction, governance framework and evolving focus within the deepsea critical minerals sector.

Additionally, subject to final approval from the Canadian Securities Exchange regarding the company's name change, the company expects the name change to be effective on or about Jan. 26, 2026, at which time the common shares in the capital of the company are expected to trade on the Canadian Securities Exchange under the symbol SEAS.

About Copperhead Resources Inc. (to be renamed Deep Sea Minerals Corp.)

Deep Sea Minerals is a subsea mineral exploration and development company focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration and development of deepsea mineral assets.

The company's strategy is centered on identifying jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which are recognized for containing combinations of metals that may be relevant to defence, industrial manufacturing, clean energy infrastructure, advanced electronics and artificial intelligence related supply chains. These seabed resources represent a largely undeveloped component of the global mineral supply base, and are the subject of increasing policy, scientific and regulatory attention worldwide.

As part of this process, the company has commenced early-stage engagement with select governments and regulatory stakeholders in the Pacific Ocean region to assess potential pathways for future exploration initiatives, subject to applicable international, national and environmental frameworks.

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