Copper Road Signs Exploration Agreement with the Matachewan First Nation on the Ben Nevis Volcanic Complex Project

Copper Road Resources Inc. has signed a milestone Exploration Agreement with the Matachewan First Nation (MFN) covering the Ben Nevis Volcanic Complex (BNVC) property in northeastern Ontario. The agreement outlines consultation, impact mitigation, and financial benefits for the First Nation, including shares, options, contracts, jobs, and training opportunities during the exploration phase. The MFN will provide a Support Letter to the Ontario Ministry of Mines endorsing the planned maiden drill program prior to permit applications. The agreement covers the Company’s Operational Area of Interest on the BNVC within the First Nation’s traditional lands and remains in effect until an Impact Benefit Agreement (IBA) is concluded.

Copper Road is well-funded for its 2026 exploration program with $2.1 million raised from three non-brokered private placements (closed Dec 31, 2025; Mar 16, 2026; and May 4, 2026). The Company holds 1.86 million shares of Sterling Metals Corp., valued at $1.8 million as of the release date. The release references a December 8, 2025, press release regarding the execution of four separate option agreements for property acquisition.

Copper Road Resources Inc. (CRD) has entered into an agreement that serves as a standard regulatory and social license step for exploration in Ontario, particularly regarding Indigenous consultation. This development de-risks the permitting timeline for the company’s maiden drill program scheduled for the fourth quarter of 2026.

The announcement is considered incremental and expected, following the company’s prior disclosures regarding property consolidation and survey completion. It does not introduce new capital, new strategic partners, or changed financial terms.

The market has already priced in the exploration timeline, as evidenced by the stock trading near multi-year lows. While the announcement is positive for project execution, it lacks the catalyst required to reverse the current downtrend. No material financial impact or immediate upside is implied, as the true value driver remains the maiden drill results, which are still months away.

Copper Road Resources Inc. is a junior exploration company focused on the Ben Nevis Volcanic Complex (BNVC) in the Abitibi Greenstone Belt, Ontario. The project package consists of 226 mining claim cells covering 11,264 hectares, plus 13 contiguous mining rights only patents for an additional 210 hectares.

Geological targets include two styles of economic mineralization: Gold-rich Cu-Zn-Ag VMS in the eastern sector (analogous to Noranda and Doyon-Bousquet-Laronde camps) and Archean Porphyry Cu-Au-Mo in the western sector (associated with the Clifford stock and Croxall breccia). Historical exploration highlights include significant assays from the Canagau Mine Shaft (1927) and Croxall Breccia drilling (1964–2004), demonstrating the area's long-standing potential.

The company completed a 1,215-line-kilometre MobileMT airborne survey, identifying 36 exploration targets and seven high-priority deep-seated conductors for the maiden drill program.