COPPER GIANT ANNOUNCES PUBLIC OFFERING OF UNITS FOR GROSS PROCEEDS OF UP TO C$5 MILLION

On October 30, 2025, Copper Giant announced its intention to raise up to C$5 million through a marketed public offering of units at a price of C$0.28 per unit. Each unit will consist of one common share and one full common share purchase warrant. Each warrant will be exercisable at C$0.40 for a period of 36 months following the closing of the offering. The proceeds are intended for the exploration and advancement of the Mocoa copper-molybdenum project, as well as for working capital and general corporate purposes.

The announcement of a C$5 million financing is a routine and necessary event for an exploration-stage company with an aggressive drill program. However, the rating is Routine - Negative for two key reasons: dilution and the implied cash burn rate.

The offering price of C$0.28 represents a 12.5% discount to the previous day's closing price of C$0.32, resulting in immediate dilution for existing shareholders. The addition of a full warrant with a 3-year term adds a significant layer of future potential dilution, which can create a price ceiling as the stock approaches the C$0.40 exercise price.

From a strategic perspective, the financing is critical. The company is running two drill rigs and advancing towards a new resource estimate, which are cash-intensive activities. The March 31, 2025 financials showed a quarterly net loss of C$2.9 million. The company closed an C$8.27 million financing in mid-July 2025, and returning to the market just over three months later confirms a high cash burn rate, likely exceeding C$2 million per month. While this burn rate is fueling value-accretive work (drilling, resource modeling), it underscores the company's dependency on capital markets.

On a more positive note, this financing is being conducted at C$0.28 per share, a 40% premium to the C$0.20 price of the July financing. This demonstrates progress and the market's improved perception of the project following a series of excellent drill results, positive metallurgy, and significant de-risking on the community relations front.

In conclusion, the financing is a short-term negative due to the dilutive effect at a discount. However, it is a necessary action to fund operations through to the next major catalyst—the updated Mineral Resource Estimate.

Copper Giant Resources Corp. is a Canadian mineral exploration company focused on its flagship Mocoa project in Putumayo, Colombia. The Mocoa project is a large, undeveloped porphyry copper-molybdenum deposit. The company has been executing a systematic strategy to de-risk and expand the project. This has included: - An aggressive 14,000-metre drill program with two rigs to expand the resource. - Successful metallurgical testing that improved upon previous recovery assumptions. - A landmark "Consulta Previa" agreement with the local Indigenous community, securing the project's social license. - Strategic land acquisition to consolidate a 75-kilometre corridor of the prospective Jurassic porphyry belt. On May 1, 2025, the company changed its name from Libero Copper & Gold Corp. to better reflect its focus.