Coppernico Amends Option Agreement at Sombrero to Advance Drill Permits
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Coppernico Amends Option Agreement at Sombrero
to Advance Drill Permits
Vancouver, Canada – September 25, 2025 – Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF, FSE: 9I3)
(“Coppernico” or the “Company”), through its wholly owned Peruvian subsidiary, Sombrero Minerales SAC,
is pleased to announce that it has amended agreements (the “Amendments”) in relation to its existing
option with Aceros Arequipa S.A. (“Aceros”) (the “Aceros Option”) , which includes three key concessions
covering Nioc and Fierrazo, two cornerstone targets in the unfolding district -scale copper-gold Sombrero
Project in Peru (Figure 1).
Key Highlights of the Amendments
• The term of the Aceros Option has been extended, providing the Company until December 13, 2029
to complete the remaining work expenditures required under the first phase of the agreement.
• The Amendments give the Company the opportunity to now fully explore, and importantly, once
permitted, drill the Fierrazo target.
o Historical drilling at Fierrazo returned values including 116 metres (“m”) of 0.42% copper
(“Cu”) and 0.24 g/t gold (“Au”), 90.4 m of 0.48% Cu and 0.05 g/t Au, and 51 m of 0.43% Cu and
0.16 g/t Au (Table 1 – see news release dated June 13, 2019, issued by predecessor Auryn
Resources, now Fury Gold Mines, for related technical disclosures).
• The Company has assumed responsibility for rehabilitating historical and future environmental
disturbances at Fierrazo, with a reclamation plan underway.
With the Amendments in place, the Company plans to initiate surface exploration at Fierrazo and continues
to advance permits for drilling with the imminent filing of its Environmental Impact Assessment – Semi-
detailed (“EIA-Sd”) permit application.
Ivan Bebek, Chair and CEO of Coppernico, commented, “ We are pleased to have amended our option
agreement with Aceros, reflecting the collaborative nature of the relationship. This A mendment is an
important step toward securing drill permits for our Fierrazo target, which we are advancing.
Engaging with local communities and stakeholders has been a top priority for the Sombrero Project since
its inception and will remain so moving forward, together with the commitment to a safe working
environment and job creation. We believe that Sombrero has the potential to become a premier copper
exploration district, given the scale of the numerous targets we are identifying and geological data being
collected. This conviction complements our efforts to develop impactful agricultural programs in the region,
with active participation from local communities and support from the government.
We appreciate Aceros’ collaboration on this Amendment, which will help us advance the P roject more
efficiently. Further updates on permit progress, exploration results, and new claims in the region will follow
in the near future.”
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Figure 1: The Aceros Option includes the Fierrazo and Nioc targets within the Sombrero Project.
Environmental Rehabilitation Efforts
As part of the Amendments, the Company has agreed to assume responsibility to rehabilitate both the
historical and future environmental disturbance on the Fierrazo concession. The reclamation work is to be
undertaken in the event that additional economic mineralization is not encountered and therefore the
permit, and any environmental disturbance, would require closure. The Company is currently working with
Peruvian environmental authorities to establish a plan for the reclamation which will determine the
estimated future cost of the work.
About Fierrazo
Fierrazo is a copper -gold skarn target located on the northeast side of the Ccascabamba area within
Coppernico’s Sombrero Project. The target was first recognized through erosional windows that exposed
skarn and porphyry-style mineralization, supporting the broader exploration concept that the Andahuaylas-
Yauri belt continues beneath volcanic cover at Sombrero. Fierrazo was originally explored by Aceros, Peru’s
largest steel producer, who completed eight drill holes in 2013, totaling 988 metres, primarily targeting iron
skarn mineralization (Figure 2). In 2019, the Company’s predecessor , Auryn Resources (now Fury Gold
Mines), resampled the historical drill core, which confirmed significant copper and gold values associated
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with massive magnetite skarn (see Auryn Resources news release dated June 13, 2019) . Subsequent
exploration work included mapping, geochemistry, and geophysics.
Figure 2: Plan view and cross-section of the Fierrazo target showing historical drill holes completed by
Aceros in 2013, along with proposed drill holes for the planned Phase 2 drill program.
Historical drilling intersected long intervals of mineralization, including 116 m of 0.42% Cu and 0.24 g/t Au,
90.4 m of 0.48% Cu and 0.05 g/t Au, and 51 m of 0.43% Cu and 0.16 g/t Au (Table 1 – see Auryn Resources
news release dated June 13, 2019). Collectively, these results define a mineralized body with an initial strike
length of 300 metres and yet to be defined thickness, with both strike and dip extents remaining open. A
Phase 2 drill program, designed to expand and define the mineralized footprint , is contingent upon
obtaining expanded drill permits which will incorporate the Fierrazo target.
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Table 1: Shallow Historical Drilling at Fierrazo Target1
Hole ID Interval 2 (m) % Cu g/t Au
FE-DDH-01A 90.4 0.48 0.05
including 41.8 0.88 0.02
FE-DDH-01B 64.1 0.32 0.08
including 33.5 0.51 0.13
FE-DDH-02 51 0.43 0.16
including 20.95 0.70 0.25
52 0.17 0.07
6 0.15 0.02
14 0.36 0.19
including 6 0.58 0.34
27 0.17 0.28
FE-DDH-03A 116 0.42 0.24
including 64 0.64 0.38
FE-DDH-03B 50.8 0.44 0.15
FE-DDH-04 125.25 0.20 0.14
including 11 0.41 0.34
and 21.6 0.33 0.21
FE-DDH-05 76.4 0.31 0.14
including 5.65 0.80 0.14
and 27.75 0.41 0.20
FE-DDH-06 52 0.24 0.06
including 13.45 0.42 0.10
1. 2013 drilling completed by Aceros was only assayed for iron and was resampled by Auryn in 2019 ( see news
release dated June 13, 2019 , issued by predecessor Auryn Resources, now Fury Gold Mines, for technical
disclosures regarding the resampling process).
2. No less than 5m of >= 0.1% Cu, maximum dilution 6 m. True thickness of mineralization is unknown.
Tim Kingsley, VP Exploration, commented, “These Amendments significantly strengthen our long -term
position at Sombrero by expanding exploration opportunities at Fierrazo , while ensuring responsible
stewardship through proactive environmental commitments. Fierrazo has long been considered one of the
most compelling drill targets within the Sombrero Project, with a broad zone of high -grade copper-gold
magnetite skarn mineralization exposed at surface and strong indications of vertical continuity that remain
open at depth.
Fierrazo shares many geological similarities with the nearby Nioc target area , where recent channel
sampling confirmed additional mineralized magnetite skarn systems. The scale, geometry, and grade
potential at both targets reinforce the district-scale opportunity unfolding across Sombrero.”
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Technical Disclosure and Qualified Person
The scientific and technical information contained in this news release was reviewed and approved by Tim
Kingsley, M.Sc., CPG, Coppernico’s VP of Exploration, who is a “Qualified Person” (as defined in NI 43-101).
ON BEHALF OF THE BOARD OF DIRECTORS
Ivan Bebek
Chair & CEO
For further information, please contact:
Coppernico Metals Inc.
Phone: +1 778 729 0600
Email: [email protected]
Website: www.coppernicometals.com
Twitter: @CoppernicoMetal
LinkedIn: www.linkedin.com/company/coppernico-metals/
About Coppernico
Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders
through diligent project evaluation and exploration , in pursuit of the discovery of premier copper-gold
deposits in the Americas. The Company’s management and technical teams have a successful track record
of raising capital, discovery and the monetization of exploration successes. The Company's objective is to
become a leading advanced copper and gold explorer, and through its wholly owned private Peruvian
subsidiary Sombrero Minerales S.A.C., is currently focused on the Ccascabamba (previously referred to as
Sombrero Main) and Nioc target areas within the Sombrero Project in Peru, its flagship project, while
regularly reviewing additional premium projects to consider for acquisition.
The Sombrero Project is a land package of approximately 5 3,800 hectares (538 square kilometres) located
in the north -western margins of the world -renowned Andahuaylas-Yauri trend in Peru. It consists of a
number of prospective exploration targets characterized by copper-gold skarn and porphyry systems and
precious metal epithermal systems. The Company’s NI 43-101 technical report, with an effective date of April
17, 2024, and as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba and Nioc target areas of the
Sombrero Project.
Coppernico Metals Inc. is currently listed on the Toronto Stock Exchange under the symbol “COPR”, trades
on the OTCQB Venture Market under symbol “CPPMF” and is quoted over the counter by certain dealers in
the Unofficial Market of the Frankfurt Stock Exchange under the symbol “9I3”. More information about
Coppernico can be found on the Company’s profile on SEDAR+ (www.sedarplus.ca).
Cautionary Note
No regulatory organization has approved the contents hereof.
This news release contains forward- looking statements and forward -looking information within the
meaning of Canadian securities legislation (collectively, “ forward-looking statements”). Forward-looking
statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar
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expressions and include, but are not limited to, statements with respect to: the interpretation of geological
mapping and sampling results, the prospective nature of identified targets for future exploration, the
potential of the interpreted mineralized systems , the progress and approval of permits, the potential
expansion of the mineralization beyond currently permitted areas, and the Company’s drill plans. No
certainty can be given that these expectations will prove to be correct and such forward-looking statements
included in this news release should not be unduly relied upon. Forward- looking statements are based on
a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond
the Company’s control, which could cause actual results and events to differ materially from those that are
disclosed in or implied by such forward- looking statements. Readers should refer to the risks discussed in
the Company’s 2024 Annual Information Form and other continuous disclosure filings with the Canadian
Securities Administrators, available at www.sedarplus.ca. These factors are not, and should not be construed
as being, exhaustive. Accordingly, readers should not place heavy reliance on forward -looking statements.
The forward-looking statements contained in this new release are expressly qualified by this cautionary
statement. Any forward-looking information and the assumptions made with respect thereto speaks only
as of the date of this news release. The Company does not undertake any obligation to publicly update or
revise any forward-looking information after the date of this news release to conform such information to
actual results or to changes in the Company’s expectations except as otherwise required by applicable
legislation.