Copperhead options Twilite project from Tru Precious

Executive Summary

• Copperhead Resources Inc. has entered into an option agreement with Tru Precious Metals Corp. to acquire a 100% ownership interest in the Twilite gold project, consisting of 65 mineral claims covering 1,625 hectares in the central Newfoundland gold belt.
• To exercise the option, Copperhead must make cash payments totaling $225,000, incur $75,000 in exploration expenditures, and issue shares valued at $300,000 by August 18, 2027.
• Upon full exercise, Copperhead will grant Tru Precious Metals a 2.0% Net Smelter Return (NSR) royalty, subject to existing legacy NSRs held by GBC Grand Exploration Inc. and George Lannon/Tom McLennon.

Key Details

• Asset Details: The Twilite project comprises 65 units covering 1,625 hectares and is associated with an orogenic gold system. It is located approximately 110 km northeast of Equinox Gold’s Valentine Lake project.
• Historical Exploration Results (2021): The most recent drilling program (12 holes, 2,577 meters) by the optionor intersected the widest section of the mineralized shear zone to date. Notable intercepts include:
  • Hole TL-21-17: 11.5 m at 1.03 g/t Au
  • Hole TL-21-16: 10.5 m at 1.07 g/t Au
  • Hole TL-21-18: 6.0 m at 1.06 g/t Au
  • Hole TL-21-20: 3.0 m at 0.85 g/t Au
  • Hole TL-21-27: 2.0 m at 1.0 g/t Au
• Option Terms & Consideration:
  • Initial Payment: $25,000 cash paid on Aug. 18, 2025.
  • Exploration Expenditure: $75,000 plus applicable taxes to be incurred on or before Aug. 18, 2027.
  • Cash Payment: Additional $200,000 cash to be paid on or before Aug. 18, 2027.
  • Share Issuance: Shares equal in value to $300,000, calculated based on the closing price on the Canadian Securities Exchange the day prior to issuance.
  • Royalty: Upon exercise, a 2.0% NSR royalty is granted to the optionor.
• Legacy Royalties: The property is subject to existing NSRs:
  • 1.0% NSR held by GBC Grand Exploration Inc. (0.5% repurchasable for $1M).
  • 2.0% NSR held by George Lannon and Tom McLennon (1.0% repurchasable for $1M).
• Qualified Person: Barry Greene, PGeo (Newfoundland), reviewed and approved the technical disclosures.
• Disclaimer: Copperhead has not independently verified historical assay results and is not relying on them as current mineral resources or reserves; results are conceptual in nature.

Notable Quotes

• Damian Lopez, President and CEO: "Twilite represents Copperhead's entry into the burgeoning central Newfoundland gold belt, adding a more advanced exploration-stage asset to our portfolio. Historical and recent work at Twilite, including drilling, has returned encouraging results, and Twilite's proximity to major gold discoveries adds to its potential and appeal in a very strong gold price environment. Furthermore, certain of our directors and officers were previously involved with Twilite and/or the optionor in various capacities, giving the Copperhead team excellent institutional knowledge, on-the-ground relationships and proprietary insights into how to most effectively advance Twilite."