Cupani Metals prices hard cash units at 12.5 cents

Mr. Brian Bosse reports CUPANI METALS NON-BROKERED PRIVATE PLACEMENT AT $0.125 PER HARD CASH UNIT Cupani Metals Corp., further to the company's Nov. 20, 2025, news release announcing its private placement, intends to price its hard cash (HC) units to 12.5 cents per HC unit. The HC units will also now comprise one common share of the company and one full common share purchase warrant, each HC warrant exercisable at 25 cents at any time to the day that is 24 months from the closing date, subject to the terms and provisions of an acceleration clause. Further to the company's Dec. 15, 2025, news release announcing the closing of the $2,051,224.18 first tranche of the offering, consisting of FT units, the company expects a second tranche to close on Dec. 29, 2025, followed by a third and final tranche on Jan. 29, 2026. The Dec. 29, 2025, closing is expecting to consist of both FT units and HC units. The Jan. 29, 2026, closing is expected to consist of HC units only. Management has established a strong order book and currently anticipates that HC units will close for aggregate gross proceeds of more than $500,000, subject to the satisfaction of customary closing conditions and compliance with applicable securities laws and CSE policies. Subscription agreements for the 12.5-cent hard cash units can be downloaded on-line. The company also announces that it has applied for Quebec refundable exploration tax credits related to 2024 eligible expenditures. While the amount and timing remain subject to review by Revenu Quebec, management currently estimates a cash rebate of approximately $600,000, which, if received, is expected to be used for working capital and general corporate purposes. In connection with the first tranche of the offering, the company paid aggregate cash finders' fees of $16,236.23 and will issue 377,142 compensation HC units to certain finders, on the same terms as the HC units offered under the offering. About Cupani Metals Corp. Cupani Metals provides shareholders with long-term capital growth exposure by investing in mineral exploration properties and other assets. The company is listed on the Canadian Securities Exchange under the symbol CUPA. We seek Safe Harbor.