Winter drilling extends known mineralisation

• The most recent release (April 29, 2026) reports completion of 6 drill holes totaling 1,344 meters at the Blue Lake project.
• Results confirm extension of known mineralization to the southeast with massive sulphides and ultramafic rocks containing 5% to 20% disseminated sulphides.
• A new geological interpretation defines a "High-Potential Corridor" extending up to 16 km southeast from existing lenses.
• Assays for 803 core samples are pending, expected within the next few weeks.
• Drilling was paused temporarily for goose hunting season but will resume in summer; rig remains onsite.
• Historical context: Previous announcements (March 2026) planned a program of 15–25 holes and 3,000–4,000 meters. Current progress is approximately 25% complete relative to the plan.

• The news validates the company's geological model but does not yet provide assay grades sufficient for resource estimation.
• Progress on the drill program is consistent with previous expectations set in March 2026; therefore, it lacks surprise factor required for "Material - Positive" status.
• The identification of a 16 km corridor is strategically significant but remains unverified by assays at this stage.
• No new financing or major partnership announcements accompany the news, limiting immediate capital impact.
• Given the pending assay results and lack of resource definition, the market impact is likely incremental rather than transformative.

• Company: Cupani Metals Corp., focused on copper, nickel, and platinum-group elements (PGE).
• Flagship Project: 100%-owned Blue Lake/Retty Lake property in Quebec (682 km² of claims).
• Project Status: Exploration stage; no current NI 43-101 compliant resource estimate exists.
• Historical Context: Historic work by La Fosse Platinum in the 1980s included hundreds of holes and a 350m adit; estimated historical resource of 4.37 Mt @ 2.28% Cu-eq (non-compliant).
• Management: CEO Brian Bosse, VP Exploration Jacquelin Gauthier (NI 43-101 Qualified Person).