DRILLING COMMENCES AT BLUE LAKE

Executive Summary

• Cupani Metals announced the start of its winter 2026 drill program at the Blue Lake copper‑nickel‑PGE project in Quebec.
• The program will consist of 15–25 holes totaling 3,000–4,000 m to test the southeast extension of known mineralisation along the High‑Potential Corridor.
• Drill locations were selected based on surface geology, ultramafic mineralisation, and multiple geophysical anomalies; rigs may remain onsite beyond April for later use in 2026.

Key Details

• Program Scope: 15–25 drill holes; total depth 3,000–4,000 m.
• Objective: Test interpreted extension of Blue Lake mineralisation to the southeast along a high‑potential corridor (referenced in the 27 Feb 2026 release).
• Target Depth: Sufficient to intersect the ultramafic/sediment contact at each hole.
• Potential Extension: Rig may stay on‑site beyond April for additional drilling later in 2026.
• Project Overview: 100 % owned Blue Lake copper‑nickel‑PGE project covering 682 km² of claims; historic work by La Fosse Platinum in the 1980s included hundreds of holes, a 350 m adit, and extensive geochemical/geophysical surveys.
• Copper Equivalent Calculations: Based on metal prices as of 8 Sep 2025 (Cu $6.20/lb, Ni $9.52/lb, Pt $1,921.60/oz, Pd $1,566.82/oz) with a recovery assumption ≥80 %; only Cu‑eq values >0.4 % are shown on the figure.
• Qualified Person: Jacquelin Gauthier, P.Geo., VP Exploration, certified under NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)