Copperhead options Twilite project from Tru Precious

Mr. Damian Lopez reports COPPERHEAD RESOURCES OPTIONS TWILITE GOLD PROJECT IN CENTRAL NEWFOUNDLAND GOLD BELT Copperhead Resources Inc. has entered into an option agreement dated Aug. 18, 2025, with Tru Precious Metals Corp., pursuant to which Copperhead may acquire a 100-per-cent ownership interest in 65 mineral claims located in central Newfoundland and known as the Twilite gold project. Copperhead's president and chief executive officer, Damian Lopez, commented: "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." Twilite Twilite consists of 65 units covering 1,625 hectares and is considered to be associated with an orogenic gold system. Twilite shares many characteristics with Equinox Gold's predevelopment Valentine Lake gold project, which is located approximately 110 kilometres (km) southwest. Twilite has previously been explored but not extensively followed up, with the most recent notable program carried out in 2021 by the optionor. A 12-hole, 2,577-metre (m) diamond drill program was completed in July, 2021, which successfully intersected the widest section of the mineralized shear zone to date and encountered gold in several holes, including most notably: 11.5 m with 1.03 grams per tonne (g/t) gold (Au) in hole TL-21-17; 10.5 m with 1.07 g/t Au in hole TL-21-16; 6.0 m with 1.06 g/t Au in hole TL-21-18; 3.0 m with 0.85 g/t Au in hole TL-21-20; 2.0 m with 1.0 g/t Au in hole TL-21-27. Terms of the agreement In order to exercise its option to acquire a 100-per-cent interest in Twilite, the company must make the following cash payments and exploration expenditures, and must issue the following common shares in the capital of the company: Pay $25,000 in cash on Aug. 18, 2025 (paid); On or before Aug. 18, 2027, incur exploration expenditures of an aggregate of $75,000 plus applicable taxes; On or before Aug. 18, 2027: (i) pay an additional $200,000 in cash to the optionor; and (ii) issue such number of shares to the optionor as is equal in value to $300,000, at a deemed price per share equal to the closing price of the shares on the Canadian Securities Exchange on the day immediately prior to the share issuance. Upon exercise of the option, Copperhead will grant the optionor a 2.0-per-cent net smelter return (NSR) royalty from any future mineral production at Twilite. Twilite is also subject to legacy NSR royalties arising from prior transactions: 1.0-per-cent NSR held by GBC Grand Exploration Inc., of which a 0.5-per-cent NSR can be repurchased for $1-million, subject to additional royalties based on resource delineation; 2.0-per-cent NSR held by George Lannon and Tom McLennon, of which a 1.0-per-cent NSR can be repurchased for $1-million. Qualified person and National Instrument 43-101 disclosures Barry Greene, PGeo (Newfoundland), is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the contents and technical disclosures in this news release. Mr. Greene is a director of the company and owns securities of the company. Most of the technical information herein relating to Twilite has been taken from Tru news releases dated Oct. 14, 2020, Aug. 18, 2021, Sept. 15, 2021, and Oct. 8, 2021. Copperhead has not independently verified this information. Copperhead has not verified the historical assay results contained in this news release and is not relying on them as current mineral resources or mineral reserves. Note that grab and channel samples and drill hole results are select samples and are not necessarily representative of the overall mineralization on Twilite. Readers are cautioned that these potential grades are conceptual in nature; there has been insufficient exploration by Copperhead or its qualified person at Twilite to define a mineral resource or mineral reserve; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource or mineral reserve. About Copperhead Resources Inc. Copperhead Resources is a mineral resource company engaged in the business of acquiring and exploring mineral resource properties, with a focus on critical elements and precious metals. The company holds an option to acquire a majority interest in the Red Line project in British Columbia and another option to acquire the Twilite gold project, located in the central Newfoundland gold belt. From time to time, the company may also evaluate and acquire other mineral properties of merit, containing a variety of metals and minerals and located in a variety of geographical jurisdictions. We seek Safe Harbor.