Copper Road Provides Corporate Update
Copper Road Provides Corporate Update
TORONTO, January 29, 2026 - Copper Road Resources Inc. (TSX-V: CRD) ("Copper Road"
or the "Company") is pleased to provide a corporate update on its recent activities.
As previously announced on December 8, 2025, the Company has entered into four separate option
agreements (the “Option Agreements”) to acquire options to earn a 100% interest in 174 mining
cell claims and 13 patented mining claims covering an area of approximately 10,232 hectares,
located in northeastern Ontario (the “ Ben Nevis Project ”). The Company has made initial
aggregate milestone payments of $ 37,500 and 2,250,000 common shares in connection with the
acquisition of the Ben Nevis Project with the below payments remaining:
Cash ($) Shares
Year 11 65,000 750,000
Year 22 120,000 1,450,000
Year 33 200,000 2,750,000
Certain other events 2,000,000
Total 385,000 6,950,000
(1) $25,000 of the cash balance may be payable in shares at the option of the optionor at a deemed price of $0.10 per share. The
number of shares issuable pursuant to such settlement is reflected in the total number of shares.
(2) $50,000 of the cash balance may be payable in shares at the option of the optionor at a deemed price of $0.10 per share. The
number of shares issuable pursuant to such settlement is reflected in the total number of shares.
(3) $100,000 of the cash balance may be payable in shares at the option of the optionor at a deemed price of $0.10 per share. The
number of shares issuable pursuant to such settlement is reflected in the total number of shares.
The Company expects to fund exploration on the Ben Nevis Project with the proceeds from its
recently completed financing whereby the Company issued an aggregate total of 8,747,500
common share units and 16,033,333 flow-through units for aggregate gross proceeds of
approximately $1,084,900. The press release of the Company dated December 31, 2025 disclosed
the issuance of 3,380,889 flow-through units where such number should have been 3,380,886
flow-through units.
Additionally, the press release of the Company dated December 8, 2025 announced the grant of
1,000,000 stock options to consultants expiring 5 years from the date of grant. The correct number
of stock options granted to consultants on December 8, 2025 was 2,000,000 options with each
stock option exercisable for a common share of the Company at an exercise price of $0.05 per
common share for a two year term. Half of the stock options have vested with the vesting of the
other half of the stock options subject to the Company reaching certain exploration milestones.
The consultants engaged by the Company will not be performing “Investor Relation Activities”
(as such term is defined in the policies of the TSX Venture Exchange) and the Company confirms
that as of the date of this news release it has not engaged any con sultants to perform Investor
Relation Activities on its behalf. Any and all prior agreements entered into by the Company in
respect of Investor Relations Activities have been terminated and are no longer in effect.
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the
policies of the TSX Venture Exchange) have reviewed or accept responsibility for the
adequacy or accuracy of this release.
For more information, please contact:
Brian Howlett, CPA
President and CEO
Copper Road Resources Inc.
www.copperroadreources.ca
1-647-227-3035
Caution Regarding Forward-Looking Information
This news release contains forward -looking information that involves substantial known and
unknown risks and uncertainties, most of which are beyond the control of Copper Road. Forward-
looking statements include estimates and statements that describe Copper Road Resource’s future
plans, objectives or goals, including words to the effect that Copper Road Resources or its
management expects a stated condition or result to occur. Forward -looking statements may be
identified by such terms as "believes", "antici pates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently available to Copper Road Resources,
the Company provides no assurance that actual results will meet management's expectations.
Risks, uncertainties and other factors involved with forward -looking information could cause
actual events, results, performance, prospects and opportunities to differ materially from those
expressed or implied by such forward -looking information. Forward looking information in this
news release includes, but is not limited to, the Co mpany’s objectives, goals or future plans and
statements regarding the use of proceeds from the Company’s recently completed financing.
Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to, failure or inability to complete the Offering on disclosed terms or
at all, regulatory approval processes, failure to identify mineral resources, delays in obtaining or
failures to obtain required governmental, regulatory, environmental or othe r project approvals,
political risks, inability to fulfill the duty to accommodate First Nations and other indigenous
peoples, uncertainties relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices,
delays in the development of projects, capital and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration and development industry, and
those risks set out in the Company’s public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. Copper Road Resources disclaims any intention or
obligation to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, other than as required by law.