Copper Quest Closes Second and Final Tranche of Flow-Through Private Placement
CSE: CQX www.copper.quest
COPPER QUEST CLOSES SECOND AND FINAL TRANCHE OF FLOW-THROUGH PRIVATE
PLACEMENT
// Not for distribution to the United States newswire services or for dissemination in the United States //
December 24, 2025, VANCOUVER, British Columbia – Copper Quest Exploration Inc. (CSE: CQX; FRA:
3MX) (“Copper Quest” or the “Company”) is pleased to announce that, further to its news release
dated December 10, 2025, it has issued an aggregate of 579,764 flow-through shares of the Company
(the "FT Shares", and each, a "FT Share") at a price of $0.19 per FT Share for aggregate gross proceeds
of $110,155.16 in connection with the closing of the second and final tranche of its previously
announced non-brokered private placement (the "Private Placement").
Each FT Share constitutes a “flow-through share” within the meaning of the Income Tax Act (Canada)
(the "Tax Act") and the gross proceeds of the Private Placement will be used by the Company for
exploration and related programs, which qualify as "Canadian exploration expenses" and either "flow-
through mineral mining expenditures" or "flow-through critical mineral mining expenditures", as
applicable, as such terms are defined in the Tax Act, in connection with Copper Quest's projects in
British Columbia.
In connection with the Private Placement, the Company has paid cash finder’s fees totaling $2,770.20
and issued a total of 14,580 finder’s warrants (the “Finder’s Warrants”) entitling the holder thereof to
acquire one non-flow-through common share at an exercise price of C$0.19 until December 24, 2027.
All securities issued pursuant to the Private Placement are subject to a statutory four month hold
period expiring April 25, 2026.
The securities described herein have not been registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or
sold absent registration or compliance with an applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale would be unlawful.
About Copper
Copper is an essential industrial metal at the heart of the global energy transition and modern
infrastructure. It plays a critical role in electrification, renewable energy systems, electric vehicles, data
centers, and smart technologies. With global demand rising and new supply challenged by declining
grades, complex permitting, and underinvestment, the copper market faces persistent deficits and
growing geopolitical scrutiny. Recent U.S. policy announcements, including import tariffs and
initiatives to secure domestic and allied supply chains, underscore copper’s strategic importance and
the need for resilient, localized resource exploration, development, production and processing
capacity.
ABOUT COPPER QUEST EXPLORATION INC.
Copper Quest (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) is focused on building shareholder value through
project acquisition, and exploration and development of its North American Critical Mineral portfolio
of assets. The Company’s land package currently comprises five projects that span over 40,000+
hectares in great mining jurisdictions as well as the Kitimat Cu-Au Project and the past-producing
Alpine Gold Mine that are both pending acquisition following due diligence.
Copper Quest has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery,
covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars
Property, Copper Quest has a 100% interest in the 5,389 hectare Stellar Property. CQX also has an
earn-in option up to 80% and joint-venture agreement on the 4,700 hectare porphyry copper -
molybdenum Rip Project, also in the Bulkley Porphyry Belt.
Copper Quest has a 100% interest in the Nekash Copper -Gold Project, a porphyry exploration
opportunity located in Lemhi County, Idaho, 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 currently consists of 70 unpatented federal
lode claims covering 585 hectares.
Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern
BC which spans over 20,658 ha with 10 high-priority targets identified demonstrating significant
copper and precious metal mineralization potential.
Copper Quest has a 100% interest in the Alpine Gold Property, located in the west Kootenay region of
British Columbia which spans over 4,611.49 hectare and is approximately 20 kilometers northeast of
the City of Nelson and hosts the former operating underground mine with a recorded production of
approximately 16,810 tonnes of mineralized vein material.
Copper Quest’s leadership and advisory teams are senior mining industry executives who have a
wealth of technical and capital markets experience and a strong track record of discovering, financing,
developing, and operating mining projects on a global scal e. Copper Quest is committed to
sustainable and responsible business activities in line with industry best practices, supportive of all
stakeholders, including the local communities in which it operates. 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.
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,
the planned use of proceeds of the Private Placement, and 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 other 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 governmental 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 and 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.