Copper Quest To Acquire 100% Interest in the Kitimat Copper-Gold Project

Executive Summary

• Copper Quest Exploration Inc. entered a definitive agreement to acquire 100% of the Kitimat Copper‑Gold Project in British Columbia.
• Consideration will be 2,000,000 common shares issued to vendor Bernie Kreft on Jan 6 2026, plus a finder's fee and a 2.5% NSR royalty (40% repurchasable for CAD 1 M).
• The project hosts historic drill intercepts of >100 m with ~1 g/t Au and ≥0.4% Cu, indicating near‑surface copper‑gold mineralization open at depth.

Key Details

• Project Overview – 2,954 ha in the Skeena Mining Division, road‑accessible year‑round; within 10 km of tidewater, 1.5 km of rail and 6 km of high‑voltage transmission.
• Geology – Located in the Stikine Terrane, part of a prolific porphyry Cu‑Au belt; primary target is the Jeannette Cu‑Au Zone (low‑level epithermal expression of a larger porphyry system).
• Historical Drill Results (Decade Resources 2010):
• Hole J‑7 – 117.07 m @ 1.03 g/t Au, 0.54% Cu (1.52–118.60 m)
• Hole J‑1 – 103.65 m @ 1.00 g/t Au, 0.55% Cu (9.15–112.80 m)
• Hole J‑2 – 107.01 m @ 0.80 g/t Au, 0.45% Cu (6.10–113.11 m)
• Hole J‑8 – 112.20 m @ 0.41 g/t Au, 0.33% Cu (11.89–124.09 m)
• Acquisition Terms – Due‑diligence deadline Jan 5 2026; issuance of 2,000,000 common shares on Jan 6 2026 as full consideration.
• Royalty Structure – 2.5% NSR royalty; Company may repurchase 40% for CAD 1,000,000 and retains right of first refusal on any future sale of the remaining interest.
• Finder’s Fee – payable to vendor in connection with the acquisition (amount not disclosed).
• Management Comment – CEO Brian Thurston highlighted strategic fit, infrastructure advantages, and strong historic drill results as drivers for value creation.
• Next Steps – AI‑driven integration of historical & modern data; additional mapping, sampling, geophysical surveys (ground magnetics, IP, passive seismic); planning of follow‑up drill program to test key targets.

Notable Quotes

“The addition of the Kitimat Copper‑Gold Project demonstrates Copper Quest’s continued effort to add shareholder value through the acquisition of critical mineral projects.” – Brian Thurston, CEO

Materiality Assessment: Material – Positive (significant asset acquisition with clear strategic and financial implications).