Coppernico Options Key Concessions at Sombrero
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Coppernico Options Key Concessions at Sombrero
Vancouver, Canada – April 9, 202 6 – Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF , FSE: 9I3)
(“Coppernico” or the “Company ”), is pleased to announce that it has acquired an option on mineral
concessions aggregating 600 hectares (“ha”) adjacent to its Tipicancha target at its Sombrero Project in
Peru. The optioned concessions (the “Horizonte Concessions”) are located in an area where the Company’s
expanding Tipicancha epithermal-porphyry system is believed to continue beyond the boundaries of the
current Sombrero Project. In 2025, while in discussions regarding the Horizonte Concessions, Coppernico
staked an additional 1,400 ha of surrounding mineral concessions. Together, these concessions substantially
enhance the land position at Tipicancha, which is a priority target given its strong indicators of potential
porphyry source at depth.
Figure 1: Current Sombrero footprint covers approximately 57,000 ha.
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Ivan Bebek, Chair and CEO of Coppernico, commented, “In the past nine years exploring the Sombrero
district, we have both rationalized and acquired ground that we continue to explore with the thesis that we
have extended the Andahuaylas -Yauri belt to the west . We are pleased to have secured these strategic
concessions prior to the commencement of drilling at our adjacent Tipicancha target , where we are
currently in the process of seeking drilling permits.”
Terms of the Horizonte Concessions Option Agreement
The option agreement is between the arms-length owner of the concessions covering the 600 ha ,
Exploraciones Horizonte Gold S.A.C. (the “Optionor”), and the Company’s wholly -owned subsidiary,
Sombrero Minerales S .A.C. The subsidiary has been granted immediate rights to conduct exploration
activities on the Horizonte Concessions and may purchase them by completing US$3.0 million in staged
work expenditures over a five -year period and making total payments of US$2.0 million. The agreement
provides Coppernico with full operational control of the concessions during the option period, allowing the
Company to advance exploration programs, including geophysical surveys and drilling.
If the option is exercised , the Optionor will retain a 1% net smelter return ( “NSR”) royalty on future
production. Coppernico retains the right to reduce the NSR to 0.5% at any time within 10 years of the NSR
being established, through a one-time payment of US$1.0 million.
The Horizonte Concessions are currently in good standing, with no known encumbrances or environmental
liabilities, and all required payments have been maintained. Coppernico intends to commence initial
exploration activities in the near term.
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Figure 2: Map of the greater Tipicancha target area showing Coppernico concessions and newly
optioned Horizonte Concessions with surface sample and drill hole locations.
Tipicancha Target and Project Expansion
Tipicancha is a large -scale copper -gold target defined by a n approximately 2 kilometre (“ km”) by 1 km
advanced-argillic lithocap developed in andesitic volcanics, characterized by alunite-kaolinite and variable
silica alteration. Within this footprint, localized exposures of massive to semi -massive pyrite breccias have
returned significant copper (“Cu”) values in surface channel sampling, including 22 m etres (“m”) of 0.65%
Cu, including 10 m of 1.14% Cu (true widths unknown ; see news release dated May 21, 2025) . This style of
copper-bearing breccia is commonly interpreted as evidence of leakage from a fertile porphyry system at
depth, making Tipicancha a compelling high-impact target.
The newly added concessions are strategically positioned immediately to the south of the Tipicancha
target, expanding Coppernico's ground coverage over a zone of altered volcanic rocks consistent with
higher levels and/or lower temperature expressions of lithocap alteration. Within the Horizonte Concessions,
located approximately 2.5 km south of Tipicancha , is an area that was subject to a condensed historical
exploration program by Minera del Suroeste S.A.C. between 2006 and 2007 as part of a joint venture with
Newmont. This h istorical work included approximately 1:10,000 -scale geological mapping, surface rock
sampling, and the completion of three short reverse -circulation (“RC”) drill holes. Mapping documented
advanced argillic alteration assemblages including silica-alunite alteration, vuggy silica, silica breccias and
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structurally controlled silicified zones, as well as steeply dipping to near-vertical gold-bearing structures
identified at surface , consistent with the upper levels of a high -sulfidation epithermal system . S urface
sampling defined a coherent geochemical footprint over an approximately 800 m by 500 m sample area,
characterized by anomalous to locally high gold and silver values with strong associated arsenic, antimony
and mercury anomalies. These datasets were subsequently compiled and interpreted in a 2009 academic
thesis based on the Minera del Suroeste exploration program authored by Herrera Fernández, Helmut
(2009).
The historical drill program comprised three near-vertical RC drill holes spaced approximately 260 m to 300
m apart, with total depths ranging from 89 m to 172 m. The drill holes intersected extensive hydrothermal
alteration and locally anomalous gold values; however, mineralized intervals were short and the program
did not effectively test the system at depth o r along interpreted structural trends. Coppernico currently
interprets these historical results to represent the upper, typically weakly mineralized portion of a vertically
extensive hydrothermal system.
Recent geological mapping completed by Coppernico immediately to the north, at the broader Tipicancha
target, provides an expanded and deeper erosional view into the system and demonstrates vertical and
lateral alteration zonation consistent with a transition from high -sulfidation epithermal conditions toward
the base of a lithocap, with potential for porphyry-related mineralization at depth. The Company considers
these concessions to be at an early stage of exploration and strategically important for advan cing a
district-scale geological model and vectoring toward higher -potential mineralized zones within the
Tipicancha system.
Table 1: Historical Surface Sampling Results from the Horizonte Concessions
Element (ppm) Samples below
detection limit Median Mean P90 Max
Au 28 0.03 0.4 0.7 10.7
Ag 19 1.0 18.5 31.1 526.0
As 0 33.1 81.6 213.5 1975.0
Hg 1 0.2 1.1 2.3 24.1
Sb 31 3.0 13.6 28.5 318.0
Bi 10 4.2 40.2 74.0 715.0
Table 1 Notes: A total of 136 surface rock samples were compiled from Herrera Fernández, Helmut (2009). Analytical results below
detection limit are encoded as negative values in the historical dataset. The assumed analytical detection limits are Au 5 pp b
(0.005 ppm), Ag 0.2 ppm, Sb 2 ppm, Hg 0.01 ppm, and Bi 2 ppm, inferred from the negative coded values. For statistical
summaries, results below detection were assigned values equal to one-half of the detection limit (½DL). These results could not
be verified by the Compa ny and there is insufficient information regarding sampling procedures, analytical methods, and
QA/QC to assess reliability. The historical surface mapping, sampling and drill data have been compiled from a B.Sc. thesis titled
“Evolución geológica y perspectivas del potencial del sistema de alta sulfuración en estructuras del Prospecto Tipicancha
(Ayacucho-Perú)”, authored by Herrera Fernández, Helmut (2009) , Universidad Nacional Mayor de San Marcos, Lima, Perú
(available via Cybertesis UNMSM: https://cybertesis.unmsm.edu.pe/handle/20.500.12672/2640).
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Table 2: Historical RC Drill Hole Details from the Horizonte Concessions
Hole ID Easting
(UTM)
Northing
(UTM) Dip (deg) Azimuth
(deg)
Total
Depth (m) Key Observations
RCD-TP-009 556960 8456840 85 300 109 Altered volcanic rocks;
localized Au anomalism
RCD-TP-010 556810 8456630 85 140 172 Hydrothermal breccias;
localized Au anomalism
RCD-TP-011 556790 8457100 75 110 89
Oxide–mixed–sulfide
transition; Ag-rich
structures reported
Table 2 Notes: Drill hole information and historical surface mapping, sampling and drill data have been compiled from a B.Sc.
thesis titled “Evolución geológica y perspectivas del potencial del sistema de alta sulfuración en estructuras del Prospecto
Tipicancha (Ayacucho-Perú)”, authored by Herrera Fernández, Helmut (2009), Universidad Nacional Mayor de San Marcos, Lima,
Perú (available via Cybertesis UNMSM: https://cybertesis.unmsm.edu.pe/handle/20.500.12672/2640). These results could not be
verified by the Company and there is insufficient information regarding sampling procedures, analytical methods, and QA/QC
to assess reliability.
Tim Kingsley, VP Exploration of Coppernico Metals, commented, “The Horizonte Concessions, together
with our recent land package expansion, provide coverage over altered volcanic rocks that represent
higher-level and/or lower-temperature expressions of the Tipicancha lithocap and enhance our
understanding of the system at surface. Although the historical exploration is limited in scope, the mapped
advanced argillic alteration, sub -vertical structures and coherent As -Sb-Hg geochemical signature are
strong indicators of a large, well -developed hydrothermal system. These independent observations and
datasets help validate the structura l framework and alteration zonation we are defining and reinforce the
scale and exploration potential of the broader Tipicancha target.”
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 Vice President 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/
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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 large-scale high-grade
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
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 57,000 hectares (570 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. The Tipichanca target was determined subsequent to the date of that report.
Common shares of Coppernico Metals Inc. are 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
expressions and include, but are not limited to, statements with respect to: the interpretation of recent and
historical geological, geochemical and geophysical data; the prospectivity of the newly added concessions,
including the Horizonte Concessions, and their strategic importance to the Sombrero Project; the
Company's plans for future exploration , including drilling ; the potential to identify porphyry -related
mineralization at depth; the Company's ability to meet the exercise requirements under the Horizonte
option agreement; and the Company’s ability to secure the necessary financing to fund such exploration
activities. 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 heavily 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 dis cussed in the Company’s 202 5 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 caut ionary 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 afte r 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.