Copper Quest to Acquire 100% Interest in the Kitimat Copper-Gold Project
CSE: CQX www.copper.quest
COPPER QUEST TO ACQUIRE 100% INTEREST IN THE KITIMAT COPPER-GOLD PROJECT
October 30, 2025, VANCOUVER, British Columbia – Copper Quest Exploration Inc. (CSE: CQX;
OTCQB: IMIMF; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that it has
entered into a definitive agreement to acquire a 100% interest in the Kitimat Copper-Gold Project (the
“Project”), located approximately 10 kilometers northwest of the deep-water port community of
Kitimat, British Columbia.
PROJECT OVERVIEW
The Kitimat Copper-Gold Project covers approximately 2,954 hectares within the Skeena Mining
Division of northwestern British Columbia. The Project is year-round road-accessible via a network of
logging and mineral exploration roads extending north from Kitimat. 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.
Geologically, the Project is situated within the Stikine Terrane, a prolific belt that hosts numerous
porphyry copper-gold systems and is underlain by Late Triassic volcanic rocks intruded by Jurassic
diorite and granodiorite bodies of the Coast Plutonic Complex. The Project’s principal target areas is
the Jeannette Cu-Au Zone displaying alteration and mineralization interpreted to represent low-level
intermediate to low-sulfidation epithermal expressions of a larger Cu-Au porphyry system.
HISTORICAL EXPLORATION & HIGHLIGHTS
Exploration on the Kitimat property dates back to the late 1960s, with multiple operators conducting
geochemical, geophysical, and drilling campaigns. The most significant historical work was conducted
by Decade Resources Ltd. (2010), which completed 16 diamond drill holes totaling 4,437.5 meters in
the Jeannette Cu-Au Zone. Notable results include:
● Hole J-7: 117.07 m grading 1.03 g/t Au, 0.54% Cu, from 1.52 m to 118.60 m.
● Hole J-1: 103.65 m grading 1.00 g/t Au, 0.55% Cu, from 9.15 m to 112.80 m.
● Hole J-2: 107.01 m grading 0.80 g/t Au, 0.45% Cu, from 6.10 m to 113.11 m.
● Hole J-8: 112.20 m grading 0.41 g/t Au, 0.33% Cu, from 11.89 m to 124.09 m.
The mineralized intervals encountered in the 2010 drilling demonstrate continuous near -surface
copper-gold mineralization extending over significant widths, remain open at depth within the
Jeannette Zone, and occur within a broader hydrothermal system that is interpreted to extend
laterally beyond the area tested.
ACQUISITION DETAILS
Under the terms of the agreement Copper Quest has until January 5, 2026 to complete a due diligence
review of the Project. Upon successful review, the Company will issue 2,000,000 common shares to
the vendor, Bernie Kreft, on January 6, 2026, as full consideration for the acquisition. The Project is
subject to a 2.5% net smelter return (NSR) royalty, of which 40% may be repurchased by the Company
for CAD $1,000,000. Copper Quest will also retain a right of first refusal on any transaction involving
the sale of the remaining royalty interest.
Mr. Kreft is a well-known Canadian prospector, entrepreneur, and former star of the Discovery
Channel’s Yukon Gold television series. He has a long track record of successful mineral discoveries
and project generation across British Columbia and Yukon.
A finder’s fee is payable in connection with the acquisition.
MANAGEMENT COMMENTS
Brian Thurston, CEO of CopperQuest, commented:
“The addition of the Kitimat Copper-Gold Project demonstrates Copper Quest’s
continued effort to add shareholder value through the acquisition of critical mineral
projects. This project is ideally located with exceptional infrastructure, in a proven
geological belt known for hosting major copper-gold systems. The strong historical drill
results from the Jeannette zone speak to the potential of a larger near-surface
mineralized system. We look forward to advancing this asset as part of our growing
copper-gold portfolio.”
NEXT STEPS
● The Company plans to leverage artificial intelligence (AI) analysis to integrate all historical
and modern exploration data to establish a comprehensive geological and geophysical
model for the Kitimat Porphyry Project and improve targeting precision.
● Additional geological mapping, sampling, and geophysical surveys may be completed to
refine priority drill targets as required. Field work could include ground magnetics, induced
polarization (IP), and passive seismic to better define subsurface structure and
mineralization trends.
● A follow-up drill program would test key targets within the interpreted geology and
surrounding high-grade corridors.
QUALIFIED PERSON
Brian G. Thurston, P.Geo., the Company’s President and CEO and a qualified person as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and
approved the technical information in this news release.
ABOUT COPPER
Despite surging demand, global copper supply remains constrained. Ore grades are declining at major
mines, permitting timelines for new projects have lengthened, and geopolitical tensions are reshaping
supply chains toward stable, transparent jurisdictions. Governments in Canada, the U.S., and allied
nations have increasingly identified copper as a strategic and critical metal necessary for economic
and national security. Within this context, Copper Quest’s acquisition of the Kitimat Copper-Gold
Project in British Columbia positions the Company to advance a discovery-stage asset in one of the
world’s safest and most infrastructure-rich mining jurisdictions — precisely when new, scalable
copper sources are most needed.
ABOUT COPPER QUEST EXPLORATION INC.
Copper Quest (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) is focused on building shareholder value through
the acquisition, 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.
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’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,
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.