Marimaca closes $80-million (Australian) placement

An anonymous director reports MARIMACA COPPER ANNOUNCES CLOSING OF A$80,000,000 PLACEMENT Marimaca Copper Corp. has closed the previously announced brokered placement in Australia and select other jurisdictions, excluding Canada. Pursuant to the closing of the placement, the company issued 8,247,423 CHESS depositary interests each at a price of $9.70 (Australian) for gross proceeds of approximately $80-million (Australian) or approximately $72.08-million. Net proceeds from the placement will be used for exploration at the Pampa Medina project and the Marimaca sulphide target, detailed design and engineering, and project-related work streams at the Marimaca oxide deposit, and for general corporate purposes. Euroz Hartleys Ltd., Beacon Securities Ltd. and Macquarie Capital (Australia) Ltd. acted as joint lead managers in respect of the placement. Canaccord Genuity (Australia) Ltd. acted as a co-manager in respect of the placement. Allotment of the CDIs will occur on Sept. 12, 2025, Australian Eastern Standard Time. The placement is subject to the receipt of final approval from the Toronto Stock Exchange. Related-party transaction disclosure Existing insiders of the company Assore International Holdings Ltd. and Ithaki Ltd. participated in the placement for 1,376,289 CDIs and 1,226,805 CDIs, respectively. Additional information regarding their participation will be disclosed in the material change report to be filed by the company in accordance with Canadian securities laws. Other information In connection with the placement, Greenstone Resources LP and certain of its affiliates have waived their participation rights. AIH participated directly in the placement. Mitsubishi Corp. has a participation right to purchase shares pro rata on the same terms as the placement, exercisable for a period of 30 business days from the closing of the placement. Mitsubishi's current ownership, prior to the closing of the placement, is approximately 4.4 per cent based on public filings. About Marimaca Copper Corp. Marimaca is a copper exploration and development company focused on its 100-per-cent-owned flagship Marimaca copper project and surrounding exploration properties located in Antofagasta region, Chile. The Marimaca copper project hosts the Marimaca oxide deposit, an iron-oxide-copper-gold-type copper deposit. The company is currently progressing the Marimaca copper project through the definitive feasibility study led by Ausenco Chile Ltda. In parallel, the company is exploring its extensive land package in the Antofagasta region, including the greater-than-15,000-hectare wholly owned Sierra de Medina property block, located 25 kilometres from the MOD. We seek Safe Harbor.