Coyote Copper Mines Inc. Begins Exploration Work on New Sulphide Copper Zone

• Most Recent Release (Apr 16, 2026): Coyote Copper Mines Inc. announced the discovery of a new mineralized zone named the "Maher Breccia" at its Copper Triangle project in Arizona.
• Geological Significance: The zone contains copper sulphide and molybdenum mineralization exposed at the surface, contrasting with historical oxide/transition-zone focus.
• Scale: Initial mapping indicates a strike length over 4 km and width exceeding 600 m. Project area covers >58 km².
• Current Status: Samples are dispatched to American Assayers Laboratories; results pending. Exploration includes hyperspectral, drone magnetic, MT/3D IP surveys, and drill permitting.
• Management Commentary: CEO Dan Weir describes the surface sulphide discovery as a "game changer" compared to deep sulphides found in neighboring Resolution deposit (1,200 m depth). Attraction from larger companies noted.
• Historical Context (Apr 8 & Apr 10): Company completed Qualifying Transaction (amalgamation with Copper Bullet Mines Inc.), changed name from First and Goal Capital Corp., and began trading on TSX Venture Exchange (CCMM) on Apr 13, 2026. Share consolidation applied (1.108:1).

• Positive Catalyst: The identification of surface sulphide mineralization is geologically significant for the region, which has historically focused on oxide blanket resources or deep sulphides (e.g., Resolution Copper). This reduces initial capital expenditure requirements compared to deep underground mining and increases potential resource tonnage.
• Verification Gap: No assay grades are provided yet. The claim relies on mapping and chip sampling. Until American Assayers Laboratories releases results, the economic viability remains unproven.
• Market Reaction Context: The stock price declined 32% from $0.28 to $0.19 in the first two days of trading (Apr 13-15) prior to this news release. This indicates weak initial demand or selling pressure from the SPAC/Amalgamation process, potentially creating a value entry point if the sulphide discovery is confirmed by assays.
• Risk Profile: High risk due to early exploration stage and lack of financial data. The "game changer" label is management opinion, not independent verification.

• Company: Coyote Copper Mines Inc. (TSXV: CCMM).
• History: Formed via Qualifying Transaction from First and Goal Capital Corp., amalgamating with Copper Bullet Mines Inc. on Apr 8, 2026.
• Flagship Project: Copper Triangle Project, Arizona, USA.
• Land Position: 693 BLM mining claims (~14,000 acres / 58 km²).
• Location: Adjoins major copper projects including Rio Tinto/BHP’s Resolution Copper, Capstone, KGHM, and Freeport-McMoRan.
• Resource Status: Contains >100 historic drill holes. Non-NI 43-101 compliant historic resource exists (~10% of Historic Supergene Oxide Blanket). Qualified Person deems it reliable but not current estimate.