World Copper Signs Non-Binding LOI to Acquire Brassie Creek Project in British Columbia

Executive Summary

• World Copper Ltd. entered into a non‑binding Letter of Intent to obtain an option to acquire 100 % of the Brassie Creek Project in British Columbia.
• Exercise of the option would require issuance of up to 900,000 common shares and cash payments totaling $440,000, plus $750,000 in exploration expenditures over a 36‑month period.
• The project covers ~1,861 ha, is a porphyry‑skarn copper‑gold target, and lies near major operating mines (Highland Valley Mine and New Afton Mine).

Key Details

• Option Structure:
• Total consideration: 900,000 World Copper common shares + $440,000 cash.
• Exploration expenditures required: $750,000 over three years.
• Payment Schedule:
  | Milestone | Share Payment | Cash Payment (CAD) | Expenditure (CAD) | |-----------|---------------|--------------------|-------------------| | Signing of Definitive Agreement | – | $5,000 | – | | Within 3 business days of Effective Date | 100,000 shares | $10,000 | – | | By June 30 2026 | – | – | $25,000 | | By 12‑month anniversary | 200,000 shares | $25,000 | $125,000 | | By 24‑month anniversary | 200,000 shares | $100,000 | $150,000 | | By 36‑month anniversary | 400,000 shares | $300,000 | $450,000 |
• Project Overview:
• Location: ~50 km west of Kamloops, BC; accessible via Highway 1 and forest service roads.
• Size: Approximately 1,861 ha.
• Historical work includes magnetic/VLF surveys (2020), geochemistry (2012‑2019), drilling (1998‑1999, 540 m total) confirming polymetallic skarn mineralization, and IP survey (1973).
• Qualified Person: Cathy Fitzgerald, M.Sc., P.Geo. (SLR Consulting) reviewed and approved the technical information.
• Forward‑Looking Statements: The release contains forward‑looking statements regarding TSXV acceptance, execution of the definitive agreement, option exercise, and future exploration results.

Notable Quotes

• “We are excited to pursue the Brassie Creek Project, which offers a compelling copper‑gold opportunity adjacent to world‑class operating mines,” – Mark Lotz, President & CEO.