First Diamond Drill Program Commences at Nobel's Flagship Cuprita Copper Project, Antofagasta Region, Chile

Executive Summary

• Nobel Resources announced that its diamond‑drill contractor has mobilized to the Cuprita copper project in Chile and drilling will begin during the week of January 12, 2026.
• All required permits for the initial drill program have been obtained from local authorities.
• The release includes a concurrent grant of 3.9 M stock options at $0.05 per share and 3.6 M restricted share units to officers and directors.

Key Details

• Mobilization & Schedule: Diamond‑drill contractor on site; drilling slated for the week of Jan 12, 2026.
• Permitting: All necessary local permits for initial Cuprita drilling have been secured.
• Project Overview: Cuprida is a near‑surface copper porphyry target in Chile’s Atacama region, situated within the Metallogenic Paleocene Porphyry Copper Belt that hosts major deposits such as El Salvador and Spence.
• Geological Highlights:
• Identified leach cap with copper, lead, zinc soil anomalies (>300% above background).
• Anomalies coincide with a ground magnetic low and intersecting fault structures—key indicators of buried porphyry systems.
• Presence of tourmaline breccias and quartz‑copper veins further supports prospectivity.
• Stock Option Grant: 3,900,000 options at $0.05 exercise price, exercisable for three years from grant date; subject to TSX Venture Exchange approval.
• Restricted Share Unit Grant: 3,600,000 RSUs vesting annually over three years, beginning one year after the grant date; also subject to exchange approval.
• Qualified Person: Dr. David Gower, P.Geo., reviewed and approved technical information per NI 43‑101.

Notable Quotes

“During 2025, our technical team identified highly prospective near surface copper targets at the Cuprita project… This is a fabulous start to 2026 for the Company.” – Larry Guy, Chairman & CEO, Nobel Resources.