Axo Copper Drills 5.2% Copper Equivalent Over 6.4 Metres in Recent Batch of Phase II Assay Results

Executive Summary

• Axo Copper reports high‑grade copper–silver intercepts from Phase II drilling at the La Huerta Project, highlighted by hole LHCC‑25‑045 (5.24% CuEq over 6.4 m).
• The company has commenced a regional drill program targeting the La Huerta South target, with a second rig on site and recent surface sampling showing up to 1.41% Cu and 2.6 g/t Au.
• To date, 3,288 m of the planned 15,000 m Phase II program have been drilled, confirming continuity of the La Huerta trend across a minor fault.

Key Details

• Hole LHCC‑25‑045: 5.24% CuEq (4.86% Cu + 30 g/t Ag) over 6.4 m; wider interval 3.08% CuEq over 13.2 m.
• Historical comparison: Extends mineralization beyond historic hole G‑023 (3.05% CuEq over 6.4 m).
• Drilling progress: 3,288 m completed of the 15,000 m Phase II program initiated June 2025.
• Other assay highlights:
• LHCC‑25‑035 – 2.53% Cu / 4.20 g/t Ag over 0.6 m (incl. higher‑grade core).
• LHCC‑25‑036 – 1.62% Cu / 4.91 g/t Ag over 4.0 m.
• La Huerta South regional program: Second drill rig arrived; target ~3 km south of Las Marias.
• Surface sampling at La Huerta South: New grab sample returned 1.41% Cu and 2.6 g/t Au, confirming copper‑bearing outcrops with emerging gold values.
• QA/QC: All assays passed Axo’s QA/QC protocols; work performed by ALS Chemex (Querétaro & Zacatecas).
• Qualified Person: Charles Spath, P.Geo., NI 43‑101 QP, reviewed and approved technical information.

Notable Quotes

“The early results from the Phase II program continue to deliver high grades through Las Marias,” said Jonathan Egilo, President & CEO. “As we continue to find strong copper mineralization at Las Marias and along the main La Huerta trend, we're excited to begin testing the promising new regional targets to the south.”