Copper Road Resources closes $650,500 financing

Mr. Brian Howlett reports COPPER ROAD ANNOUNCES CLOSING OF FINANCING Copper Road Resources Inc. has closed its previously announced non-brokered private placement. The offering was oversubscribed and consisted of the issuance of 5,656,522 flow-through shares at a price of 11.5 cents per flow-through share for aggregate gross proceeds of $650,500. The gross proceeds from the sale of the flow-through shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as both terms are defined in Income Tax Act (Canada). All qualifying expenditures will be renounced in favour of the subscribers of the flow-through shares effective Dec. 31, 2026. It is anticipated that the proceeds from the sale of flow-through shares will be used for exploration of the Ben Nevis project or on the company's other Ontario properties. A certain officer of the company subscribed for an aggregate of 23,698 flow-through shares under the offering, which participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Section 5.5(a) and Section 5.7(1)(a) as the fair market value of the participation is not more than 25 per cent of the company's market capitalization. Completion of the offering is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. In connection with the offering, the company has agreed to pay a cash commission in the aggregate of $38,344 to eligible finders and to issue 250,478 finder warrants each exercisable for a common share of the company at a price of 11.5 cents for a period of 18 months. The securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. We seek Safe Harbor.