Copper Quest Closes Second and Final Tranche of Flow-Through Private Placement

Executive Summary

• Copper Quest Exploration Inc. closed the second and final tranche of its non‑brokered private placement, issuing 579,764 flow‑through shares at $0.19 each for total gross proceeds of $110,155.16.
• The proceeds will be used to fund exploration and related programs that qualify as Canadian exploration expenses under the Income Tax Act.
• Cash finder’s fees of $2,770.20 were paid and 14,580 finder’s warrants (exercise price C$0.19, exercisable until 24 Dec 2027) were issued in connection with the placement; all securities are subject to a four‑month statutory hold period expiring 25 Apr 2026.

Key Details

• Shares Issued: 579,764 flow‑through shares (FT Shares).
• Price per Share: $0.19 CAD.
• Gross Proceeds: $110,155.16 CAD.
• Placement Type: Non‑brokered private placement – second and final tranche.
• Use of Proceeds: Exploration and related programs qualifying as Canadian exploration expenses (flow‑through mineral mining expenditures or flow‑through critical mineral mining expenditures) on the Company’s British Columbia projects.
• Finder’s Fees Paid: $2,770.20 CAD in cash.
• Finder’s Warrants Issued: 14,580 warrants to acquire one non‑flow‑through common share each at an exercise price of C$0.19; exercisable until 24 Dec 2027.
• Statutory Hold Period: Four months from issuance, expiring 25 Apr 2026.
• Regulatory Notice: Securities not registered under the U.S. Securities Act; offering limited to jurisdictions where exemption applies.

Notable Quotes

• “The successful closing of this final tranche provides us with essential capital to advance our exploration programs across British Columbia, positioning Copper Quest for continued growth in the critical minerals sector,” – Brian Thurston, CEO and Director.