Copper Quest to Purchase Previous-Producing Alpine Gold Mine

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) (” Copper Quest ” or the ” Firm “) is happy to announce that it has entered into an arms-length Choice to Buy Settlement (the ” Settlement “) dated November seventh, 2025 with 0847114 B.C. Ltd. (” Privco “), a British Columbia Integrated firm that holds 100% possession, title, and curiosity within the Alpine Gold Property (the ” Property “), positioned within the West Kootenay area of British Columbia (the ” Acquisition “).

Highlights of the Alpine Gold Property

• 2018 NI43-101 Inferred Useful resource of 268,000 tonnes estimated utilizing a cut-off grade of 5.0 g/t Au and a mean grade of 16.52 g/t Au that represents an inferred useful resource of 142,000 oz of gold (McCuaig & Giroux, 2018).
• Substantial alternative to develop the maiden Alpine useful resource to the east-west and to depth with solely about 300m of the roughly 2km lengthy vein system explored up to now by underground mine workings and drilling.
• Estimated 24,000 tonnes Run of Mine mineralized stockpile on floor presenting a doable close to time period money movement alternative.
• 1,650 meters of fresh and dry underground workings accessing sampled and mineable zones.
• A minimum of 4 further comparatively unexplored vein programs on the Property (Black Prince, Chilly Blow, Gold Crown & past-producing King Solomon), all internet hosting historic high-grade gold values.
• Highway accessible 4,611.49-hectare Property together with 15 Crown Grants (1 with floor rights) and 19 staked mineral claims with all-season operation potential (Determine 1).
• Additions of Mr. Allan Matovich to the Board of Administrators. Mr. Ted Muraro and Mr. John Mirko as Technical Advisors on closing. They’ve a mixed mining and exploration expertise of 150+ years within the business.

The 4,611.49-hectare Property is roughly 20 kilometers northeast of the Metropolis of Nelson (Determine 1) and hosts the previous working underground mine with a recorded manufacturing of roughly 16,810 tonnes of mineralized vein materials (Desk 1). This materials contained 356,360 grams of gold, 222,054 grams of silver, 49,329 kilograms of lead and 17,167 kilograms of zinc. The opposite 4 important vein programs on the property may even be explored together with the Black Prince and Chilly Blow quartz veins roughly 3km to the northeast of the Alpine mine, the Gold Crown vein system 600m southeast, and the past-producing King Solomon vein workings 1.8km to the south. Additional details about the Alpine Gold property can be forthcoming within the upcoming weeks.

Brian Thurston, President & CEO of Copper Quest, commented : ” With Gold costs at all-time highs, The Alpine Gold property creates an amazing alternative to create close to time period worth. I stay up for closing the transaction and welcoming Mr. Matovich, Mr. Muraro and Mr. Mirko to the workforce.”

Determine 1: Location Declare Map

Appointment of Mr. Allan Matovich as Director

Copper Quest can be happy to announce that upon closing of the acquisition, Mr. Allan Matovich will be part of the Firm’s Board of Administrators. Mr. Matovich is the principal proprietor of the Alpine Gold Property.

Mr. Matovich has 60+ years of mining and exploration expertise in Canada and america. He first began with Cominco in Path BC working within the smelter operation. Mr. Matovich then began Matovich Mining Industries the place they provided appreciable tonnages of siliceous flux supplies, lead and zinc concentrates to Cominco for over 20 years. Mr. Matovich then opened up a mining operation in 1997 in Northern British Columbia to produce barite for drilling fluids within the oil and fuel business. This mining operation remains to be in manufacturing right now. Mr. Matovich additionally opened up a barite operation in Washington State that’s going into manufacturing. He additionally labored with Halliburton, Baker Hughes, and Newmont and was very profitable. In 2000, Mr. Matovich bought the Alpine Gold Mine and since then has spent a substantial period of time proving up the mission.

Mr. Matovich commented ” I’m very happy to convey the Alpine Gold Property to Copper Quest and be part of as a director. The corporate has a improbable portfolio of important mineral tasks advancing and the Alpine Gold Venture offers a possible close to time period money movement alternative together with upside to develop the present useful resource with drilling. I stay up for working with the Copper Quest workforce to assist create worth for all stakeholders concerned.”

Desk 1 – Manufacturing Historical past – Minfile (082FNW127) for Alpine Mine for gold (Au) and silver (Ag)

Appointment of Mr. Ted Muraro as Technical Advisor to the Board

Mr. Muraro can be appointed as Technical Advisor to the board on closing of the transaction. Mr. Theodore (Ted) W. Muraro has accrued over six many years of expertise in mineral exploration, together with 35 years with Cominco the place he superior by Exploration to function the businesses Chief Geologist and Inside Consulting Geologist. Early in his profession, Mr. Muraro gained underground expertise at Keno Hill, HB Mine, Sullivan, and Western Mines. His tenure at Cominco was marked by direct involvement within the discovery and subsequent profitable improvement of the Westmin Mine at Buttle Lake, the Polaris Mine on Little Cornwallis Island within the excessive Arctic, and Snip Mine on the Iskut River. Following his service at Cominco, Mr. Muraro assumed the position of Vice President, Exploration at Romanex and Worldwide Barytex Sources, contributing his experience to worldwide gold tasks.

Mr. Muraro, who was awarded the Spud Huestis award in 2021 for his excellent contributions to the business and excellence in exploration, labored as an impartial guide (T.W. Muraro Consulting 1993-2016) on base steel and gold exploration tasks world wide till his retirement in 2016. In these later years, he served on a number of boards as Director and/or Advisor, most just lately with Imperial Metals. Mr. Muraro’s working relationship with Al Matovich began within the Rossland Mining Camp and shifted to the Alpine Property within the late 80’s.

Appointment of Mr. John Mirko as Technical Advisor to the Board.

Mr. Mirko can be appointed as Technical Advisor to the board on closing of the transaction. Mr. Mirko has over 40 years’ expertise within the mining business, previous President and Founding father of Canam Alpine Ventures Ltd. (just lately offered to Vizsla Sources Ltd.), presently President and Founding father of Canam Mining Corp. and Rokmaster Sources Company.

From 1986 to 2010 Mr. Mirko the founder, President-CEO and Director of 4 public mining-exploration firms and a founder and Director of three others. He has been self-employed within the sector since 1972 as a prospector, contractor and guide concerned in exploration, improvement and mine development of varied tasks in 12 counties, and business manufacturing of mineral concentrates and steel merchandise from 5 of the tasks.

In 2008, Mr. Mirko was a recipient of the “E. A. Scholtz Medal for Excellence in Mine Improvement” from the Affiliation for Mineral Exploration of British Columbia, and in 2009, the Mining Affiliation of British Columbia’s “Mining and Sustainability Award” for the MAX Mine.

Mr. Mirko is presently a member in good standing of the Society of Financial Geologists, Inc., the Canadian Institute of Mining, Metallurgy and Petroleum, the Prospectors and Builders Affiliation of Canada and AME BC.

Transaction Particulars

The Settlement supplies for the acquisition of all of the minerals claims and crown grants held by the Privco that make up the Alpine Gold Property. At closing Copper Quest will problem 14,177,517 Copper Quest widespread shares to Privco at a deemed value of $0.175c per share. The Shares could have a 24-month escrow settlement from deadline.

Moreover, Copper Quest will reimburse $225,000 in the direction of the 2025 expenditures of the Property that was accomplished earlier this 12 months and a 2 p.c NSR can be granted to Privco on closing of the Acquisition with half with the ability to be purchased again for CAD$1-million.

Closing is topic to a 45-day due diligence interval, change approval and different customary closing situations. Closing might happen previous to the 45-day due diligence interval. A finder’s payment is payable in widespread shares in reference to the transaction.

Certified Particular person

Brian Thurston, P.Geo., the Firm’s President, CEO and a professional individual as outlined by Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives , has reviewed and authorized the technical data on this information launch.

Gold: International Demand & Provide

International demand for gold stays sturdy, supported by persistent geopolitical uncertainty, inflationary pressures, and ongoing central financial institution purchases. On the identical time, provide progress is restricted, with declining reserves at mature mines, few large-scale discoveries, and rising improvement prices. This tightening provide backdrop highlights the strategic worth of advancing new gold tasks in safe, mining-friendly jurisdictions. Copper Quest is aligned with these international developments, positioning Alpine to contribute to the subsequent technology of serious gold discoveries.

Inventory Choices

The Firm has granted inventory choices to Administrators, Administration, and Consultants of the Firm to amass an mixture of two,600,000 widespread shares within the capital of the Firm, pursuant to the Firm’s Fairness Incentive Plan. The inventory choices are every convertible into a standard share of the Firm at an train value of $0. 20 till November 13, 2030.

About Copper Quest Exploration Inc.

Copper Quest ( CSE: CQX; OTCQB: IMIMF; FRA: 3MX ) is targeted on constructing shareholder worth by strategic acquisitions and the exploration and improvement of its North American Important Mineral portfolio of property. The Firm’s land package deal presently contains 5 important mineral tasks that span over 40,000+ hectares in nice mining jurisdictions.

Copper Quest has a 100% curiosity within the Stars Property, a porphyry copper-molybdenum discovery, overlaying 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% curiosity within the 5,389-hectare Stellar Property. CQX additionally has an earn-in possibility as much as 80% and joint-venture settlement on the 4,700-hectare porphyry copper-molybdenum RIP Venture, additionally within the Bulkley Porphyry Belt.

Copper Quest has a 100% curiosity within the Nekash Copper-Gold Venture, a porphyry exploration alternative positioned in Lemhi County, Idaho, alongside the prolific Idaho-Montana porphyry copper belt that hosts world-class programs equivalent to Butte and CUMO. The mission is absolutely road-accessible by way of maintained U.S. highways and forest service roads and presently consists of 70 unpatented federal lode claims overlaying 585 hectares.

Copper Quest has a 100% curiosity within the Thane Venture positioned within the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets recognized demonstrating important copper and treasured steel mineralization potential.

Copper Quest’s management and advisory groups are senior mining business executives who’ve a wealth of technical and capital markets expertise and a powerful observe report of discovering, financing, growing, and working mining tasks on a worldwide scale. Copper Quest is dedicated to sustainable and accountable enterprise actions in step with business greatest practices, supportive of all stakeholders, together with the native communities during which it operates. For extra data on Copper Quest, please go to the Firm’s web site at Copper Quest .

On behalf of the Board of Copper Quest Exploration Inc.

Brian Thurston, P.Geo.
Chief Government Officer and Director
Tel: 778-949-1829

For additional data contact:

Investor Relations
information@copper.quest

Ahead Wanting Data

This information launch comprises sure “forward-looking data” and “forward-looking statements” (collectively, ” forward-looking statements “) throughout the that means of relevant securities laws. All statements, apart from statements of historic truth included herein, together with with out limitation, future operations and actions of Copper Quest, are forward-looking statements. Ahead-looking statements are often, however not all the time, recognized by phrases equivalent to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “doable”, and comparable expressions, or statements that occasions, situations, or outcomes “will”, “might”, “may”, or “ought to” happen or be achieved. Ahead-looking statements replicate the beliefs, opinions and projections on the date the statements are made and are primarily based upon quite a lot of assumptions and estimates primarily based on or associated to many of those elements. Such elements embrace, with out limitation, dangers related to doable accidents and different dangers related to mineral exploration operations, the chance that the Firm will encounter unanticipated geological elements, dangers related to the interpretation of exploration outcomes, the chance that the Firm might not have the ability to safe allowing and different governmental clearances essential to hold out the Firm’s exploration plans, the chance that the Firm will be unable to boost enough funds to hold out its enterprise plans, and the chance of political uncertainties and regulatory or authorized adjustments that may intrude with the Firm’s enterprise and prospects. Readers mustn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding this stuff. The Firm doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different elements, ought to they modify, besides as required by relevant securities legal guidelines.

The Canadian Securities Trade has not reviewed, authorized or disapproved the contents of this press launch, and doesn’t settle for accountability for the adequacy or accuracy of this launch.

A photograph accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/3309c0ba-17fd-4a57-b498-e8a3c49534fc