Mr. Gordon Neal reports

WORLD COPPER PROVIDES UPDATE

World Copper Ltd. has provided an update on the proposed sale of its Zonia copper project in Arizona to an arm's-length third party (the purchaser) for $26-million in cash, payable in tranches, as previously announced on Feb. 19, 2025.

The purchaser is a metals and mining investment manager with two decades of leadership in investing in and developing mining projects. Pursuant to the terms of the binding letter agreement among the purchaser, World Copper and World Copper's Arizona subsidiary (Subco), the purchaser has approximately 35 days remaining in the 90-day due diligence period, and the company continues to work diligently with the purchaser to assist with the completion of the purchaser's due diligence on the project.

The payment of the $26-million cash purchase price shall be payable as to $8-million to World Copper at closing of the proposed transaction, an additional instalment of $8-million on or before the 15-month anniversary of closing and a final instalment of $10-million on or before the 30-month anniversary of closing, subject to the purchaser's right to accelerate the additional instalments. Until the payment of the purchase price is received in full, it is proposed that the shares of Subco will be held in escrow, and the purchaser will grant World Copper a security interest over such shares and the project. If the purchaser fails to make any instalment payment for the purchase price, the shares of Subco will be returned to World Copper and the purchaser will retain no interest in the Subco shares or the project.

The company recently held highly productive discussions and meetings with key representatives including the buyers' senior executives. These meetings have significantly reaffirmed the transaction progress, with both parties reaffirming their commitment to complete the transaction.

"This transaction essentially provides our shareholders with a 260-per-cent premium to our current trading price. We are encouraged by the strong alignment and momentum between both parties," said Gordon Neal, president and chief executive officer.

The company will provide further updates as milestones are achieved and material developments occur.

The company also reports that, in accordance with the policies of the TSX Venture Exchange, Section 1.3(c) of Policy 4.2, and further to the at-the-market (ATM) offering of shares made pursuant to the prospectus supplement dated July 17, 2024, World Copper issued 11,501,000 common shares and raised gross proceeds of $579,654 pursuant to ATM distributions during the period Jan. 1, 2025, to March 31, 2025. Bank of Montreal (BMO) received fees of $17,389 during the period. The company further confirms that no new insider or control person (as defined in Policy 1.1) has been or will be created in connection with the ATM offering.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones in Chile and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and each has additional copper porphyry targets with exciting potential to expand the resource base.

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