Copper Quest Completes Acquisition of Past Producing Alpine Gold Mine, Appoints New Director

Executive Summary

• Copper Quest Exploration Inc. completed the acquisition of the historic Alpine Gold Property in British Columbia, issuing 14,177,517 common shares (≈ $1.91 M) to seller Privco and granting a 2% NSR royalty plus a $225k reimbursement.
• The property includes an NI 43‑101 inferred resource of 142,000 oz Au (16.52 g/t), a 24,000‑tonne run‑of‑mine stockpile, underground workings, and four additional vein systems with high‑grade historic values.
• New board appointments were announced: Allan Matovich as Director; Ted Muraro and John Mirko as Technical Advisors.

Key Details

• Consideration: 14,177,517 common shares at a deemed price of $0.135 per share (total $1,913,964.80).
• Share Release Schedule: Six staggered releases of 2,362,920 shares each from April 19 2026 through December 19 2027.
• Royalty & Reimbursement: 2% NSR royalty to Privco; Copper Quest may repurchase half for $1 M. Additional reimbursement of $225,000 for 2025 exploration expenses.
• Finder’s Fee: 587,212 common shares subject to a four‑month hold period, expected issuance ~Dec 31 2025 (pending CSE approval).
• Debt Settlement Shares: Issuance of 218,620 common shares at $0.15 per share to settle $32,793 in outstanding service debt; also subject to a four‑month hold period.
• Resource Highlights (NI 43‑101, 2018):
• Inferred resource: 268,000 t @ 5.0 g/t Au cutoff → 142,000 oz Au at an average grade of 16.52 g/t.
• Run‑of‑mine stockpile: ~24,000 t potentially generating near‑term cash flow.
• Historical Production (Alpine Mine): Approx. 16,810 t mined containing 356,360 g Au, 222,054 g Ag, 49,329 kg Pb, and 17,167 kg Zn.
• Property Size & Access: 4,611.49 ha, road‑accessible, includes 15 Crown Grants (one with surface rights) and 19 staked claims; located ~20 km NE of Nelson, BC.
• Additional Vein Systems: Black Prince, Cold Blow, Gold Crown, King Solomon – all with historic high‑grade gold values awaiting exploration.
• Board & Advisory Appointments:
• Allan Matovich – Director (60+ years mining experience).
• Ted Muraro – Technical Advisor (35‑year career at Cominco, former Chief Geologist).
• John Mirko – Technical Advisor (40+ years, founder of multiple exploration companies).

Notable Quotes

• Brian Thurston, CEO: “We are excited to offer our shareholders the opportunity to leverage a pure gold play… Our recent financing of approximately two million dollars ensures that our shareholders will benefit from more than one exploration opportunity.”
• Allan Matovich: “I am very pleased to bring the Alpine Gold Property to Copper Quest and join as a director… I look forward to working with the Copper Quest team to create value for all stakeholders.”