Pecoy Copper Commences First Drill Campaign at Flagship Pecoy Project

Executive Summary

• Pecoy Copper has initiated the first drill of its flagship Pecoy Project in southern Peru, marking the first drilling activity at the site since 2016.
• A second drill rig is being mobilized to the Center Pit zone, with additional rigs planned for 2026, expanding systematic testing across multiple high‑priority targets.
• The company completed a comprehensive geological review of Pecoy and the adjacent Tororume project, refining its model and guiding the upcoming drill sequencing.

Key Details

• First Drill Hole: PEC25-065 started from a platform in the South Breccia zone targeting high‑grade continuity at depth; assay results will be released when available.
• Second Rig Mobilization: Targeting the Center Pit zone (hole(s) to follow), enhancing coverage and efficiency of the program.
• Future Rigs: Additional drill rigs are scheduled for mobilization in 2026 to test further zones across the project.
• Program Scope: Systematic testing of high‑priority targets across multiple identified zones, increasing exploration efficiency and coverage.
• Geological Review: A 16‑day intensive on‑site review re‑logged and re‑interpreted historical core, supported by porphyry specialist Umberto Brockway; the updated model will inform drill sequencing and target refinement for both Pecoy and Tororume.
• Resource Context: The Pecoy deposit currently hosts an inferred copper resource of 865 Mt at 0.34% Cu with associated gold, molybdenum, and silver credits (NI 43‑101).
• Infrastructure Highlights: Project benefits from year‑round access at ~1,650 m elevation, proximity to highways, power lines, water sources, and deep‑water ports (Matarani & Ilo).

Notable Quotes

“We are thrilled to restart drilling at our flagship Pecoy Project after nearly a decade. Historical exploration results, together with our updated geological interpretation, have identified several targets for further evaluation… The multi‑phased drill program is designed to evaluate these targets while responsibly advancing the Project.” – Vincent Metcalfe, CEO

Materiality Assessment: Material – Positive (significant operational milestone indicating progression of a large, high‑potential porphyry project).