DISCOVERY OF TWO NEW MINERALIZED ZONES AT BLUE LAKE PROJECT

Executive Summary

• Cupani Metals reports assay results from its 2025 field program on the 100 % owned Blue Lake Property, confirming two newly identified mineralized zones (North Retty and Retty Lake Northwest) with Cu‑eq grades up to 0.83 %.
• Surface sampling across multiple sectors shows consistent Cu‑eq values (0.35–0.83 %) comparable to historic Cu‑Ni‑PGE deposits, supporting a revised high‑potential corridor model.
• The company plans a 3,000–4,000 m drill program beginning the first week of March 2026 to test these targets, including the newly defined zones and the expanded Blue Lake North high‑priority corridor.

Key Details

• Fieldwork Scope: 457 grab samples collected from outcrop and felsenmeers; 22 QA/QC blanks/standards inserted; analysis performed by ALS Canada (PGM‑ICP23 & ME‑ICP61 methods).
• New Zones – Assay Results
• Retty Lake Northwest: 10 ultramafic blocks over 2 km, sulfide content up to 10 %; Cu‑eq 0.42–0.80 % (one sample with net‑textured sulfides).
• North Retty: Two blocks with net‑textured sulphides; Cu‑eq 0.55 % and 0.52 %; a third rusty block 2 km SE graded 0.45 % Cu‑eq.
• Additional High‑Priority Areas
• Blue Lake North: Historical showings never drilled; recent grab samples 0.35–0.68 % Cu‑eq (two peridotite blocks 0.55 % & 0.68 %).
• Pogo Northwest: Angular felsenmeer blocks with Cu‑eq 0.40–0.56 %; aligns with EM conductor and magnetic anomaly of known Pogo deposit.
• Retty Lake West: Blocks containing up to 10 % visible sulfides; Cu‑eq 0.45–0.52 %; nearby historic drill hole A‑27 intersected 0.6 % Cu, 0.56 % Ni, 0.3 % Zn over 0.7 m.
• Geological Interpretation: Revised model defines a ~1.5 km × 15 km shallow high‑potential corridor of ultramafic subvolcanic conduits with magnetic and EM signatures; most of the corridor remains undrilled.
• Historical Resource Context: Nine historic zones (1950s–1980s) contain an estimated 4.37 Mt @ 2.28 % Cu‑eq (non‑NI 43‑101 compliant). The company emphasizes that this is a non‑current estimate and requires drilling verification.
• Planned Drilling: 3,000–4,000 m of core to commence early March 2026, targeting the newly identified zones and extending the high‑priority corridor.
• Qualified Person: Jacquelin Gauthier, P.Geo., VP Exploration (NI 43‑101 QP).

Notable Quotes

“I could not be happier with what Jacquelin's team accomplished in 2025. Any of these new zones could prove fruitful: they have similar geophysics and surface sample metal values to the known historical mineralization. Blue Lake North will be a drill target this winter. The entire project's opportunity set continues to improve.” – Brian Bosse, CEO