Mr. Mark Lotz reports

WORLD COPPER SIGNS DEFINITIVE AGREEMENT TO ACQUIRE BRASSIE CREEK PROJECT IN BRITISH COLUMBIA

World Copper Ltd., further to its news release dated Feb. 3, 2026, has entered into a definitive property option agreement dated Feb. 24, 2026, with the vendor (as defined below), whereby the vendor has granted to the company an exclusive option to acquire a 100-per-cent interest in and to the mineral claims comprising the Brassie Creek project, located in the Kamloops mining division in the province of British Columbia, Canada, subject to a 2-per-cent net smelter return (NSR) royalty.

Brassie Creek project

The Brassie Creek project is a porphyry-skarn copper and gold property located in Southern British Columbia, covering an area of approximately 1,861 hectares and located approximately 50 kilometres (km) west of Kamloops.

The Brassie Creek project is also in close proximity to other active mines, being 20 km north of Teck Resources Ltd.'s Highland Valley mine (Canada's largest copper mine and a calc-alkalic copper-molybdenum porphyry deposit) and 30 km west of New Gold Inc.'s New Afton mine (an alkalic copper-gold porphyry deposit). Readers are cautioned that the company has no interest in or right to acquire any of the neighbouring mines and deposits. Mineral deposits on nearby properties and any production therefrom are not in any way indicative of mineral deposits on the Brassie Creek project or the potential production therefrom.

The Brassie Creek project has documented porphyry-skarn mineralization and historical exploration of the project.

The project has year-round access and can be accessed via Highway 1 and an extensive network of forest service roads. The test data underlying the historical exploration summary have not been verified by a qualified person.

Option terms

Pursuant to the terms of the property option agreement, to exercise the option in full, the company must issue to Kenneth Ellerbeck, a private arm's-length vendor, an aggregate of 900,000 common shares in the capital of the company, make cash payments to the vendor in the aggregate amount of $440,000 and incur an aggregate of $750,000 in exploration expenditures, as detailed in an attached table.

The terms of the property option agreement also provide that the issuance of the consideration shares, the cash payments, and the incurring of expenditures may be completed within a shorter time frame, at the sole discretion of the company, and any expenditures incurred in any period in excess of the amount required shall be credited to the company and applied against future expenditure requirements in subsequent periods. During the period the option is in effect, the company will also be responsible for paying such costs as are required to maintain the mineral claims comprising the Brassie Creek project in good standing. Upon the exercise of the option by the company, the vendor will retain a 2-per-cent net smelter return royalty, of which 50 per cent (being 1 per cent) of the royalty can be repurchased from the vendor for $1.5-million and thereafter, the company shall have the right of first refusal to purchase the royalty from the vendor should it wish to sell, assign, transfer, convey or otherwise dispose of, or deal with, the royalty.

If the company fails to fulfill its obligations under the property option agreement the option will terminate and the company will not retain any interest in the project. No finders' fees were paid in connection with the grant of the option. All securities issued pursuant to the property option agreement will be subject to a four-month-and-one-day regulatory hold period in Canada and the property option agreement is subject to acceptance for filing by the TSX Venture Exchange.

Resignation of chairman and director

The company also announces the resignation of Hendrik van Alphen as chairman and a director of the company. The board of directors and management of the company thank Mr. van Alphen for his contributions to the company and wish him well in his future endeavours.

Qualified person

Cathy Fitzgerald, MSc, PGeo, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Ms. Fitzgerald is a principal geologist and mining sector lead -- Americas -- with SLR Consulting (Canada) Ltd., and is independent of the company.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company.

Detailed information is available at World Copper's website.

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