American Copper Development Corp. Joins the Defense Industrial Base Consortium, Advancing Its Mission to Unlock Domestic Copper Supply from New Mexico's Historic Lordsburg District

Executive Summary

• American Copper Development Corp. was accepted as a member of the Defense Industrial Base Consortium (DIBC), providing strategic access to U.S. defense programs.
• The company disclosed results from its 2023 maiden six‑hole diamond drill program at the Lordsburg Project, highlighting significant copper-equivalent intercepts, including 144.36 ft @ 1.00% CuEq (with a high‑grade sub‑interval of 9.84 ft @ 11.35% CuEq).
• American Copper announced a debt settlement involving the issuance of 1,166,666 common shares at $0.30 per share to retire $350,000 of outstanding obligations, preserving cash for ongoing exploration.

Key Details

• DIBC Membership: Accepted as a member of the Defense Industrial Base Consortium, a U.S. Department of War initiative managed by Advanced Technology International, linking innovative companies with critical national‑security programs.
• 2023 Drill Program – Total Depth: 15,291 ft across six holes.
• Hole AC23-006: 144.36 ft @ 1.00% CuEq (including 59.06 ft @ 2.13% CuEq, 45.93 ft @ 2.75% CuEq, and 9.84 ft @ 11.35% CuEq).
• Hole AC23-005: 32.48 ft @ 0.52% CuEq.
• Hole AC23-004: 124.67 ft @ 0.39% CuEq.
• Hole AC23-001: 120.08 ft @ 0.38% CuEq.
• Geology: Widespread propylitic and phyllic alteration with chalcopyrite‑magnetite‑K‑spar stockwork veining; historic underground intercepts >4% Cu reported in the district.
• Land Position: 7,046 ha of contiguous claims (790 lode mining claims + 105 patented claims) with geophysical/geochemical indications of multiple porphyry centers.
• Debt Settlement Financing:
• Aggregate debt to be settled: $350,000.
• Shares to be issued: 1,166,666 common shares at a deemed price of $0.30 per share.
• Hold period: Four months and one day from issuance.
• Purpose: Preserve cash for exploration and development of the Lordsburg Project.
• Conditions: Subject to customary closing conditions, regulatory approvals (including CSE), and securities law compliance; shares not registered under U.S. Securities Act.
• Qualified Person: Mark Osterberg, P.Geo., Senior Technical Advisor, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“We are pleased to have been accepted into the Defense Industrial Base Consortium in connection with our Lordsburg Project… Membership in the DIBC provides the Company with access to information and potential engagement opportunities within the U.S. defense industrial network.” – Anthony Paterson, CEO

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All forward‑looking statements are subject to risks and uncertainties detailed in the release.