Coyote Copper Mines Inc. Announces Completion of Qualifying Transaction

• On April 8 2026 Coyote Copper Mines Inc. announced the closing of its qualifying transaction with Copper Bullet Mines Inc. (CBMI).
• The deal was executed via a three‑cornered amalgamation, resulting in 96,368,674 post‑transaction shares outstanding. Approximately 86 % of these are held by former CBMI shareholders; the remainder includes finder’s fee shares and shares subject to escrow or resale restrictions.
• A share consolidation (1.108 pre‑consolidation shares → 1 post‑consolidation share) was completed, and the company will begin trading on the TSX‑V under ticker CCMM around April 13 2026.
• Management turnover: former officers resigned; new leadership includes Daniel Weir (CEO), Daryl Hodges (Chairman), and Arif Shivji (CFO).
• The transaction follows earlier announcements (Sept 2025 definitive agreement, March 2026 filing statement) that outlined the reverse‑takeover structure, financing of $3.78 M from private placements, and intended use of proceeds to explore the Copper Springs property in Arizona.

• Expectation vs. reality: The completion was anticipated after the March 26 filing stating an expected closing “on or about April 7 2026.” The actual close on April 8 aligns with that timeline, confirming management’s ability to meet disclosed milestones.
• Capital availability: The $3.78 M raised in two private placements is now fully available to fund exploration of the Copper Springs project and working capital—exactly as previously disclosed. No additional financing was announced, limiting surprise.
• Share structure: The issuance of finder’s fee shares (≈2.44 M) and escrow‑restricted shares (≈22.3 M) dilutes existing holders modestly but is consistent with the transaction terms disclosed earlier.
• Listing on TSX‑V: Securing a public listing provides liquidity and visibility, a material positive for future capital raising, yet this was the stated goal of the qualifying transaction.
• Overall impact: The news confirms execution of a previously announced plan without unexpected upside or downside. It removes execution risk but does not materially change valuation assumptions.

Conclusion on materiality: Routine‑Positive – the event is an expected milestone that validates prior guidance and enables the company to proceed with its exploration program, but it does not introduce new growth catalysts or risks beyond those already priced.

Coyote Copper Mines Inc. is an early‑stage copper explorer focused on the Copper Springs property in Arizona’s “Copper Triangle,” a region known for high‑grade porphyry copper systems. The flagship project comprises several zones (Gibson, West Gibson, Santa Ana Canyon) with historic grab and chip samples showing copper grades up to 22 % (Ag also present). The company aims to transition from exploration to development pending successful drilling results.