Mr. Mark Lotz reports

WORLD COPPER AND WORLD COPPER HOLDINGS ANNOUNCE CLOSING OF SPIN-OUT TRANSACTION AND CONSOLIDATION

World Copper Ltd. and World Copper Holdings Ltd. (Spinco) have closed the previously announced spinout transaction of all of the company's interests in its Chilean subsidiaries, along with certain assets and liabilities of the company, to Spinco, formerly a wholly owned subsidiary of the company, by way of a court-approved plan of arrangement under the provisions of the Business Corporations Act (British Columbia) has closed effective July 20, 2026 (the effective date).

Prior to the completion of the arrangement and effective on July 17, 2026, the company completed the previously announced consolidation of its issued and outstanding common shares on the basis of 20 preconsolidation World Copper shares for one postconsolidation World Copper share, with any fractional shares resulting from the consolidation rounded down to the nearest whole number.

In accordance with the arrangement, World Copper shareholders will each receive, in exchange for each postconsolidation World Copper share held immediately prior to the effective date, one new common share of World Copper and one Spinco common share.

At market close on July 21, 2026, postconsolidation World Copper shares, which were exchanged on a one-for-one basis for new World Copper shares, will delist from the TSX Venture Exchange, and at market open on July 22, 2026, the new World Copper shares will list and begin trading with Cusip and ISIN numbers 98144X306 and CA98144X3067, respectively. The World Copper ticker symbol will continue to be WCU. Following completion of the consolidation and the arrangement, the company has 13,151,545 new world Copper shares issued and outstanding.

Spinco is now a reporting issuer in each of the provinces and territories of Canada. Following completion of the arrangement, Spinco has 13,151,545 Spinco shares issued and outstanding, all of which were distributed to World Copper shareholders pursuant to the arrangement, and the company retained no Spinco shares. The Spinco shares have not been listed on any stock exchange.

In order to receive the new World Copper shares and Spinco shares, registered World Copper shareholders must complete, execute and deposit with Endeavor Trust Corp., the depositary appointed in respect of the arrangement, the letter of transmittal previously mailed to the registered World Copper shareholders and their respective certificate(s)/DRS advice(s) representing their World Copper shares and any other required documents and instruments, all in accordance with the instructions provided in the letter of transmittal. The letter of transmittal is also available on World Copper's website and under World Copper's SEDAR+ profile. Non-registered World Copper shareholders whose World Copper shares are registered in the name of a broker, investment dealer, bank, or other intermediary or nominee should contact their intermediary for assistance in depositing their World Copper shares.

Further information on the spinout and arrangement can be found in the company's management information circular dated May 20, 2026, filed on the company's website and on the company's SEDAR+ profile.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of the Brassie Creek project, 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 west of Kamloops.

About World Copper Holdings Ltd.

World Copper Holdings, headquartered in Vancouver, B.C., is a Canadian company that, following completion of the spinout, holds the interests formerly held by World Copper in each of its subsidiaries, together with certain former assets and liabilities of World Copper.

We seek Safe Harbor.