Copper Quest Announces Securities for Debt Settlement
CSE: CQX WWW.COPPER.QUEST
Copper Quest Announces Securities for Debt Settlement
February 12, 2026 , VANCOUVER, British Columbia – Copper Quest Exploration Inc. ( CSE: CQX;
OTCQB: IMIMF; FRA: 3MX) (“Copper Quest” or the “Company”) announces that it has entered into a
securities for debt settlement agreement dated February 1 1, 202 6 (the " Agreement") with a
professional advisor of the Company.
Pursuant to the Agreement, the Company has agreed to settle debt in the amount of $ 113,405.28
through the issuance of 872,348 units (each, a “ Unit”) at a deemed price of $0. 13 per Unit, whereby
each Unit shall be comprised of one (1) common share in the capital of the Company (each a “Share”)
and one (1) Share purchase warrant (each whole, being a “Warrant”). Each Warrant will be convertible
into an additional Share (a “Warrant Share”) at an exercise price of $0.165 per Warrant Share and will
expire on the date that is t wo (2) years following the date of issuance (the “ Expiry Date”). The Expiry
Date shall be subject to acceleration should the closing price of the Shares on the Canadian Securities
Exchange (or any such other stock exchange in Canada as the Shares may trade at the applicable time)
equal or exceed $0.50 for ten (10) c onsecutive trading days at any time f rom the date which is 4
months following their date of issue , the Company may accelerate the expiry date of the Warrants
such that the Warrants shall expire on the date which is 30 calendar days following the date a news
release is issued by the Company announcing the accelerated expiry date of the Warrants.
The Agreement and the issuance of the securities thereunder are subject to the approval of the CSE.
The securities will be subject to a hold period of four months and one day pursuant to CSE policies
and applicable securities laws.
About Copper Quest
The company's land holdings comprise 7 projects that span over 45,000 hectares in great mining
jurisdictions of Canada and the USA. Copper Quest is committed to building shareholder value
through acquisitions, discovery -driven exploration, and responsible development of its North
American critical mineral portfolio of assets. The Company’s common shares are principally listed on
the Canadian Stock Exchange under the symbol “CQX”. For more information on Copper Quest, please
visit the Company’s website at www.copper.quest.
Copper Quest has a 100% interest in the past-producing Alpine Gold Mine located approximately 20
kilometers northeast of the City of Nelson British Columbia, spanning 4,611.49 hectares with a 2018
National Instrument 43-101 Standards of Disclosure for Mineral Projects historical inferred resource
of 268,000 tonnes, estimated using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au,
that represents an inferred resource of 142,000 oz of gold (McCuaig & Giroux, 2018)*. Apart from
the Alpine Mine itself the property hosts 4 other less explored significant vein systems including the
past-producing King Solomon vein workings, the Black Prince and the Cold Blow veins system, and the
Gold Crown vein system. *The Company has not yet completed sufficient work to verify the 2018
historic inferred resource results.
Copper Quest has a 100% interest in the road accessible Stars Porphyry Copper -Molybdenum
Property, spanning 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt with Tana Zone
discovery drill intersection highlights of 0.466% Cu over 195.07m * in drill hole DD18SS004 from
23.47m, 0.200% Cu over 396.67m * in drill hole DD18SS010 from 29.37m, and 0.205% Cu over
207.27m* in drill hole DD18SS015 from 163.98m. This highly prospective, approximately 5 X 2.5
kilometer annular magnetic anomaly is interpreted to represent an altered monzonite intrusion and
surrounding hornfels.
Copper Quest has a 100% interest in the road accessible Kitimat Copper-Gold Property, spanning
2,954 hectares within the Skeena Mining Division of northwestern British Columbia located northwest
of the deep -water port community of Kitimat, British Columbia. The property benefits from
exceptional infrastructure, being within 10 km of tidewater, 1.5 km of rail, and 6 km of high -voltage
hydroelectric transmission lines. Exploration on the Kitimat property dates to the late 1960s, with the
most significant historical work conducted by Decade Resources Ltd. (2010), which completed 16
diamond drill holes totaling 4,437.5 meters in the Jeannette Cu -Au Zone, and drill intersec tion
highlights of 1.03 g/t Au, 0.54% Cu over 117.07 m in Hole J-7 from 1.52 m, 1.00 g/t Au, 0.55% Cu over
103.65m in Hole J-1 from 9.15 m, 0.80 g/t Au, 0.45% Cu over 107.01m in Hole J-2 from 6.10 m, and
0.41 g/t Au, 0.33% Cu over 112.20m in Hole J-8 from 11.89 m.
Copper Quest has a 100% interest in the Nekash Copper-Gold Project , a porphyry exploration
opportunity located in Lemhi County, Idaho, USA, along the prolific Idaho -Montana porphyry copper
belt that hosts world -class systems such as Butte and CUMO. The project is fully road -accessible via
maintained U.S. highways and forest service roads and consists of 70 unpatented federal lode claims
covering 585 hectares.
Copper Quest has a 100% interest in the road accessible Stellar Property, spanning 5,389-hectares
in British Columbia’s Bulkley Porphyry Belt contiguous to the Stars Property.
Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern
British Columbia spanning over 20,658 hectares with 10 priority targets identified demonstrating
significant copper and precious metal mineralization potential.
Copper Quest has an earn-in option of up to 80% and joint-venture agreement on the road accessible
Rip Porphyry Copper -Molybdenum Project, spanning 4,700 -hectares located in the Bulkley
Porphyry Belt in central British Columbia.
On behalf of the Board of Copper Quest Exploration Inc.
Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829
For further information contact:
Investor Relations
Forward Looking Information
This news release contains certain “forward -looking information” and “forward -looking statements” (collectively, “ forward-
looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical
fact included herein, including without limitation, future operations and activities of Copper Quest, are forward -looking
statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”,
“believes”, “ intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or
results “will”, “may”, “could”, or “should” occur or be achieved. Forward -looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon a number of assumptions and estimates based on or
related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and othe r
risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors,
risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure
permitting and other governme ntal clearances necessary to carry out the Company's exploration plans, the risk that the
Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties a nd
regulatory or legal changes that might interfere with the Company's business and prospects. Readers should not place undue
reliance on the forward -looking statements and information contained in this news release concerning these items. The
Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other
factors, should they change, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not
accept responsibility for the adequacy or accuracy of this release.