Cupani identifies two mineralized zones at Blue Lake

Executive Summary

• Cupani Metals Corp. reports the discovery of two new mineralized zones, North Retty and Retty Lake Northwest, at its Blue Lake Project based on 2025 mapping and prospecting results.
• The company has defined a new high-potential geological corridor measuring approximately 1.5 km wide by 15 km long, extending southeast from known historical mineralization, with most of the area remaining untested by drilling.
• A 3,000- to 4,000-metre drill program is scheduled to commence in the first week of March 2026 to test these new targets and the identified corridor.

Key Details

• New Zone: Retty Lake Northwest:
  • Located at the northwestern end of Retty Lake, following up on new electromagnetic conductors from the 2025 airborne survey.
  • Ten angular ultramafic blocks scattered over two kilometres were sampled, containing up to 10% sulphides (pyrrhotite and chalcopyrite).
  • Assay values ranged between 0.42% and 0.80% copper equivalent (CuEq).
  • Observations included net textured sulphides and small sulphide blebs.
• New Zone: North Retty:
  • Located north of the Retty Lake camp at the northern edge of an interpreted ultramafic sequence.
  • Two ultramafic felsenmeer blocks exhibited net textured sulphides; one had chalcopyrite-rich blebs.
  • Assay results: 0.55% CuEq and 0.52% CuEq.
  • A third rusty block located 2 km to the southeast graded 0.45% CuEq.
• Blue Lake North:
  • Historical showings never previously drilled; revisited in 2025.
  • Additional anomalous ultramafic felsenmeer blocks sampled returning 0.35% to 0.68% CuEq.
  • Samples taken over a large gravity anomaly coincident with mottled magnetic anomalies.
  • Highlights include two subangular peridotite blocks grading 0.55% and 0.68% CuEq.
• Pogo Northwest:
  • Angular felsenmeer blocks of mineralized ultramafics identified coincident with an electromagnetic conductor and magnetic anomaly.
  • Large blocks returned 0.56%, 0.47%, and 0.40% CuEq.
  • A mineralized peridotite outcrop north of the felsenmeers graded 0.44% CuEq.
• Retty Lake West:
  • Ground follow-up near historical drill hole A-27.
  • Metric-scale angular felsenmeer blocks containing up to 10% visible sulphides.
  • Assay results ranged from 0.45% to 0.52% CuEq.
  • Historical drill hole A-27 (350m northwest) intersected:
    • 0.6% Cu, 0.56% Ni, and 0.3% Zn over 0.7m.
    • 0.25% Cu and 0.24% Ni over 1.04m.
• Geological Interpretation:
  • Identification of a shallow high-potential corridor defined by ultramafic subvolcanic conduits with columnar jointing.
  • Corridor measures approx. 1.5 km wide by 15 km long, extending southeast.
  • Northwestern section hosts nine zones discovered in the 1950s and drilled in the 1980s.
  • Historical estimate: 4.37 million tonnes grading 2.28% CuEq (Not NI 43-101 compliant; not treated as current resources).
• Future Plans:
  • Drill program of 3,000 to 4,000 metres scheduled to start the first week of March 2026.
• Quality Assurance/Quality Control:
  • Samples analyzed by ALS Canada Laboratory using PGM-ICP23 and ME-ICP61 methods.
  • 479 total samples analyzed; 22 QA/QC samples (blanks and standards) inserted.
  • No material errors observed in QA/QC validation.

Notable Quotes

• "I could not be happier with what Jacquelin's team accomplished in 2025. Any of these new zones could prove fruitful: They have similar geophysics and surface sample metal values to the known historical mineralization. Blue Lake North will be a drill target this winter. The entire project's opportunity set continues to improve." — Brian Bosse, CEO