King Copper Discovery Doubles Size of Land Position in Colquemayo Copper District

King Copper Discovery Corp. has secured eight new concessions totaling approximately 7,170 hectares, effectively doubling its land position at the Colquemayo Copper Project in Peru from roughly 6,600 to 13,770 hectares. This expansion is located north of the core project area and shares geological similarities with historic copper, gold, and silver anomalies. Management views Colquemayo as a district-scale system with the potential for multiple porphyry bodies, drawing parallels to the Vicuña District in Chile and Argentina.

The land consolidation coincides with the receipt of an environmental permit (DIA) authorizing a fully funded 36,010-meter diamond drill program across 40 platforms and 59 holes. The drilling strategy focuses on stepping out from high-grade historical intersections, such as hole 36 at Amata-Cairani, and testing dowporphyry targets at Coripuquio and four other priority zones.

King Copper Discovery Corp. (KCP) has completed a land acquisition described as a strategic, incremental step that de-risks long-term optionality, though it does not constitute a discovery or immediate value accretion. The company is fully funded for its current 36km program, eliminating near-term dilution risk for this phase.

The DIA approval and drill program scope were previously announced in July and early September 2026, meaning the market has already priced in the permitting milestone. No new geological data, assay results, or resource estimates are provided with this announcement.

The stock is currently consolidating, and without drill results or a major discovery, this announcement is expected to serve as a routine follow-up to prior permitting updates, with an impact on the stock price expected to be muted.

King Copper Discovery Corp. is an exploration-stage company focused on copper-gold-silver projects in South America. Its flagship asset is the Colquemayo Copper Project in southern Peru, which covers a ~12km x 4km system featuring high-sulphidation epithermal mineralization hosted in breccias below a lithocap. Management targets underlying copper porphyry systems linked to epithermal deposits, similar to the Filo del Sol and Josemaría projects in Argentina.

The company also holds the San Francisco project in Argentina, which is currently in desk-top evaluation and surface sampling stages. High-grade gold intercepts have been reported at the Veta Rica vein. King Copper Discovery Corp. is pre-revenue and relies entirely on equity financing to fund exploration activities.