Copper Quest to Acquire Past-Producing Alpine Gold Mine

Executive Summary

• Copper Quest entered an arms‑length Option to Purchase Agreement to acquire the Alpine Gold Property from Privco, issuing 14,177,517 common shares at a deemed $0.00175 per share and providing a CAD 1 million buy‑back right on a 2 % NSR.
• The Alpine Gold Property hosts an NI 43‑101 inferred resource of 268,000 t @ 16.52 g/t Au (≈142,000 oz Au) plus historic production and a 24,000 t run‑of‑mine stockpile offering near‑term cash‑flow potential.
• Three senior industry veterans – Allan Matovich (Director), Ted Muraro and John Mirko (Technical Advisors) – will join the board/ advisory team upon closing, enhancing Copper Quest’s expertise for further development.

Key Details

• Transaction Structure:
• Purchase of all mineral claims and Crown grants covering 4,611.49 ha Alpine Gold Property.
• Issuance of 14,177,517 Copper Quest common shares to Privco at a deemed price of $0.00175 per share.

• Shares subject to a 24‑month escrow.

• Financial Considerations:

• Reimbursement of $225,000 for 2025 property expenditures already incurred by Privco.
• Grant of a 2 % Net Smelter Return (NSR) to Privco; half of the NSR may be bought back for CAD 1 million.

• Finder’s fee payable in Copper Quest common shares.

• Closing Conditions:

• 45‑day due‑diligence period, exchange approval, and customary closing conditions.

• Closing could occur prior to completion of the full due‑diligence period.

• Property Highlights:

• NI 43‑101 inferred resource (2018) – 268,000 t @ 5.0 g/t Au cut‑off; average grade 16.52 g/t Au → ≈142,000 oz Au.
• Historic underground mine produced ~16,810 t of vein material containing 356,360 g Au, 222,054 g Ag, 49,329 kg Pb, and 17,167 kg Zn.
• 24,000 t run‑of‑mine mineralized stockpile on surface for potential near‑term cash flow.
• ~1,650 m of clean, dry underground workings accessing sampled zones.

• Four additional vein systems (Black Prince, Cold Blow, Gold Crown, King Solomon) remain relatively unexplored.

• Board & Advisory Appointments:

• Allan Matovich – appointed Director; principal owner of Alpine Gold Property; 60+ years mining/exploration experience.
• Ted Muraro – appointed Technical Advisor; former Chief Geologist at Cominco, extensive Arctic and base‑metal exploration background.

• John Mirko – appointed Technical Advisor; 40 years industry experience, founder of multiple public mining companies, award‑winning mine developer.

• Strategic Rationale:

• Provides Copper Quest with a high‑grade gold asset in a stable jurisdiction, complementing its existing critical‑minerals portfolio.
• Near‑term cash‑flow opportunity via the surface stockpile and potential upside from undiscovered extensions of the vein system.

Notable Quotes

• Brian Thurston, President & CEO: “With Gold prices at all‑time highs, The Alpine Gold property creates a tremendous opportunity to create near term value. I look forward to closing the transaction and welcoming Mr. Matovich, Mr. Muraro and Mr. Mirko to the team.”
• Allan Matovich, Director‑Designate: “I am very pleased to bring the Alpine Gold Property to Copper Quest and join as a director…the Alpine Gold Project gives a potential near term cash flow opportunity along with upside to grow the current resource with drilling.”