Coyote Copper Mines Inc. Enters into Option Agreement to Acquire Historic Gibson Mine, Including 223.85 Acres of Patented Mining Claims

Coyote Copper Mines Inc. has entered an option agreement to acquire the historic Gibson Mine, a property comprising 223.85 acres of patented mining claims in Arizona, from the Franciscan Friars of California. The total consideration for the transaction is US$1.4 million, structured as four annual installments with an initial payment of US$500,000 due within 14 days.

The Gibson Mine is a historical copper producer that yielded approximately 17.2 million lbs of copper between 1903 and 1969. It is located within Coyote Copper’s existing 1,100-claim Copper Springs Project. Recent surface sampling on the property returned high-grade copper values up to 22.41% and silver up to 69.3 g/t, validating the strategic value of the acquisition.

The acquisition provides outright title to surface and mineral rights, streamlining permitting for exploration drilling and allowing construction of permanent surface infrastructure.

Coyote Copper Mines Inc. (CCMM) has acquired the Gibson Mine, a move designed to secure patented claims within the broader Copper Springs Project. These patented claims eliminate surface access disputes and significantly reduce permitting timelines for future drilling programs. The acquisition cost of US$1.4 million is manageable given the company's recent capital raises. A financing round in June 2026 raised CAD$8.5 million, and a warrant exercise in October 2026 generated approximately CAD$3.3 million. The company has sufficient liquidity to cover the initial US$500,000 payment and subsequent installments without immediate dilutive financing.

High-grade surface sampling results, which reached up to 22.41% Cu, reinforce the geological thesis that the Gibson Structural Corridor is a viable target for near-surface oxide copper mineralization. This complements the deeper porphyry targets identified by geophysics earlier in the year. The acquisition serves as an incremental operational update that de-risks the exploration program rather than a transformative event, aligning with the company's stated strategy of modernizing historic resources and expanding the project footprint.

Coyote Copper Mines Inc. is a junior exploration company focused on the Copper Springs Project in Arizona's Copper Triangle. The flagship project covers over 1,100 BLM mining claims, representing approximately 89.4 km², and includes the newly optioned Gibson Mine. The project is strategically located adjacent to major copper operations including Rio Tinto/BHP's Resolution Copper, Capstone Copper, and KGHM.

Exploration efforts focus on identifying large-scale porphyry copper systems and near-surface oxide deposits. Recent geophysical surveys identified a large "donut-shaped" anomaly consistent with a porphyry system, while surface sampling highlighted high-grade copper and silver in the Gibson Structural Corridor. The company is in the advanced exploration stage, with Phase 1 drilling permits approved for 37 locations.