World Copper Provides Update on Spin-Out Transaction

• World Copper Ltd. received conditional acceptance from the TSX Venture Exchange for a previously announced spin-out transaction involving Chilean subsidiaries and assets into a new entity ("Spinco").
• The company will hold an annual general and special meeting on June 18, 2026, to seek shareholder approval for the Spin-Out arrangement and a 20-for-1 share consolidation.
• Share consolidation reduces outstanding shares from approximately 262,931,067 to approximately 13,146,553.
• Objectives of consolidation include attracting broader investors, improving trading liquidity, and enhancing capital raising ability.
• Completion is subject to final TSXV approval, shareholder approval at the June meeting, and Supreme Court of British Columbia approval.

• The news confirms regulatory progress on a major corporate restructuring announced in March 2026 and signed definitively in mid-May 2026.
• While the strategic pivot was previously disclosed, TSXV acceptance for the specific spin-out structure is a necessary procedural milestone that reduces execution risk.
• The 20-for-1 consolidation is significant as it addresses delisting risks associated with the $0.01 share price and may improve institutional eligibility.
• However, this does not represent new asset acquisition or revenue generation; it is an administrative cleanup of the balance sheet following the Zonia project sale.
• Given the stock has traded at $0.01 since November 2025, the market appears to have already priced in the uncertainty surrounding the company's future direction.

• Company Strategy: Pivot to North American focus following the sale of the Zonia Copper Project (Arizona) in late 2025.
• Flagship Project: Brassie Creek Project, British Columbia.
• Project Details: Porphyry-skarn copper-gold property covering ~1,861 hectares near Kamloops.
• Status: Option agreement signed; requires cash payments ($440k), share issuance (900k shares), and exploration expenditures ($750k) over 3 years to fully exercise option.
• Legacy Assets: Chilean subsidiaries transferred to Spinco; Edge Copper Corp. shares retained within Spinco structure.