Coyote Copper Mines Inc. Is Advancing Not Only Its New Zone but Also Focusing on Historical Areas of Its 58 Square Kilometer Arizona Copper Project

The most recent release dated April 30, 2026, details geochemical sampling results from the Gibson Structural Corridor and Santa Ana Area within the company's 58 km² Arizona Copper Project. Key highlights include: - Gibson Structural Corridor: 10 samples returned copper grades ranging from 0.091% to 22.41%, with an average of 6.688%. West Gibson Zone grab samples specifically showed 10% to 22% copper. - Santa Ana Area: 30 samples across 41m of outcrop returned averages of 0.3564% Cu and 0.75 g/t Ag. - Methodology: Utilization of Drone Magnetic Surveys, MT, and 3D IP geophysics to guide exploration. Samples analyzed by American Assayers Lab (ISO-9001). - Context: This follows the April 16 announcement of a new "Maher Breccia" sulphide zone discovery and the April 8 completion of the Qualifying Transaction which rebranded First and Goal Capital Corp. to Coyote Copper Mines Inc.

The news is assessed as Material - Positive based on the following critical analysis: - Positive Factors: The release provides concrete geochemical data supporting the exploration narrative established in April 16. High-grade surface intercepts (up to 22% Cu) are significant for a junior explorer and validate the presence of mineralization beyond historical oxide targets. The expansion of sampling into Gibson and Santa Ana areas suggests multiple potential zones rather than a single target. - Critical Risks & Limitations: - Sample Type: The high-grade results (10%-22%) are from "grab samples" or historic ore piles, not drill core. Grab samples are prone to selection bias and do not represent the average grade of the deposit. They indicate potential but require drilling for confirmation. - No Resource Estimate: As noted in the April 10 release, there is currently no NI 43-101 compliant resource estimate. The company relies on "non-NI 43-101" historic resources deemed reliable by a Qualified Person but not current standards. - Market Reaction: Trading commenced at $0.28 (April 13) and dropped to $0.19 (April 15) before recovering to $0.24 (April 29). The market appears cautious despite the positive news, likely due to the early-stage nature of the data. - Conclusion: While the grades are impressive on paper, they do not yet constitute a material resource discovery until drill core confirms continuity and grade. However, for a micro-cap junior, this is sufficient to warrant a Material - Positive rating as it de-risks the exploration thesis slightly compared to the initial announcement.

• Company: Coyote Copper Mines Inc. (TSXV: CCMM). Formed via amalgamation of First and Goal Capital Corp. and Copper Bullet Mines Inc. in April 2026.
• Flagship Project: Arizona Copper Project (Copper Triangle).
  • Size: 58 km² (693 BLM mining claims, ~14,000 acres).
  • Location: Adjacent to major operations including Rio Tinto/BHP's Resolution Copper.
  • Geology: Targets copper sulphide and molybdenum mineralization in a porphyry/breccia setting. Historical focus was on oxide zones; current focus is on sulphides (Maher Breccia, Gibson Structural Corridor).
• Development Stage: Early exploration. No production. Relies on historic data and new surface sampling.