CUEX.V · 2025-01-08 12:00:00

CopperEx Provides Corporate Update

Corporate Updates

Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - CopperEx Resources Corp. (TSXV:

CUEX) (the "

Company

" or "

CopperEx

") announces that it has cancelled 1,250,327 options to

purchase shares of the Company held by directors, officers and consultants with the consent of the

holders.

The Company also advises that its efforts to secure funding under the loan agreement with an arm's

length private lender in connection with a US$12.5 million unsecured loan (the "

Loan

") originally

announced in the press release dated October 14, 2024, has not been successful.

Funding was

ultimately subject to the discretion of the lender and the Company no longer believes that funding will be

forthcoming.

Dave Prins, the Company's President and CEO said, "We undertook significant efforts in good faith to

secure the Loan and are disappointed we could not deliver a positive outcome. Moving forward, our

attention will be focused on the Company's 100% owned property Kio Buggy located in northern Chile

whereby as a result of our previously completed extensive field exploration program, we have clearly

identified two potential porphyry targets. We also plan to advance the 100% owned La Rica property

located in the Apurimac Province, 80km SW of Cusco, 45km NW of Las Bambas Mine & 30km SW of

Cotabambas, Perú, whereby skarn mineralization can be traced for approximately 2km along strike &

persists 50-70 m in width within the property, with two surface rock samples returning grades including

7.17% Copper and 4.75% Copper."

Previous Surface Rock Sampling at La Rica

A total of 36 historical surface rock samples (4 rock chip and 32 channel samples; see Table 1) were

collected as part of the initial surface exploration programs completed in December 2017, February

2018 and April 2018 by Nigel Chapman of Luna Recursos Naturales SAC at La Rica.

Surface rock

sampling was focused on outcropping skarn mineralization, both at surface and from an underground

adit, that has been mapped and extends for approximately 2 kilometers and ranges in thickness from

60m-70m and which constitutes the primary target for copper mineralization at La Rica.

Additional information about CopperEx and its Projects can be found on the Company's website at

copperexcorp.com

, or email

[email protected]

Please

click here

to subscribe for future CopperEx news.

On behalf of the Board of Directors

CopperEx Resources Corp.

Dave Prins

President & CEO

For further information contact:

[email protected]

+1 (604) 646-4527

About CopperEx Resources Corp.

CopperEx is a copper and gold focused exploration company with porphyry and porphyry related gold

and copper projects located in Chile and Peru in established mineral belts near producing mines.

CopperEx owns 100% of its

Kio Buggy

(Northern Chile) and

La Rica

(Apurimac province Peru)

properties, also with no attached royalties.

Strategic Alliances.

CopperEx is a member of Discovery Group based in Vancouver, Canada. For more information please

visit:

discoverygroup.ca

Cautionary Note.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward-Looking Information.

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward-looking

statements within the meaning of applicable securities laws. The use of any of the words "anticipate",

"plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict",

"potential" and similar expressions are intended to identify forward-looking statements. In particular,

this press release contains forward-looking statements concerning the Company's exploration plans.

Although the Company believes that the expectations and assumptions on which the forward-looking

statements are based are reasonable, undue reliance should not be placed on the forward-looking

statements because the Company cannot give any assurance that they will prove correct. Since

forward-looking statements address future events and conditions, they involve inherent assumptions,

risks, and uncertainties. Actual results could differ materially from those currently anticipated due to a

number of assumptions, factors, and risks. These assumptions and risks include, but are not limited

to, assumptions and risks associated with conditions in the equity financing markets, and

assumptions and risks regarding receipt of regulatory and shareholder approvals.

SAMPLE

NORTHING

EASTING

COPPER

SAMPLE

LENGTH

NUMBER

(m)

(%)

TYPE

DESCRIPTION

(m)

M-01

8469930

748054

0.0007

Channel

Afl. Bx

1.5

M-02 L

8469963

748055

0.0913

Chip

Cuerpo

N/A

M-03 L

8469963

748055

0.0728

Chip

Cuerpo

N/A

M-04

8469993

748034

1.9400

Channel

Cuerpo Bx

1.5

M-05

8469993

748034

7.1700

Channel

Cuerpo Bx

1.5

M-06

8469993

748034

4.9900

Channel

Cuerpo Bx

1.5

M-07

8469997

748014

0.1520

Channel

Cuerpo Bx

1.5

M-08

8469997

748014

1.3950

Channel

Cuerpo Bx

1.5

M-09

8469997

748014

0.1330

Channel

Cuerpo Bx

1.5

M-10

8469997

748014

2.6700

Channel

Cuerpo Bx

1.5

M-11

8469997

748014

4.7500

Channel

Cuerpo Bx

1.5

8470386

748517

0.0028

Channel

Afl. porfido

1.3

8470386

748517

0.0017

Channel

Afl. porfido

1.3

8470386

748517

0.0002

Channel

Afl. porfido

1.3

8470386

748517

0.0002

Channel

Afl. porfido

1.3

8470386

748517

0.0003

Channel

Afl. porfido

1.3

8470386

748517

0.0013

Channel

Afl. porfido

1.3

8470386

748517

0.0002

Channel

Afl. porfido

1.3

8470386

748517

0.0001

Channel

Afl. porfido

1.3

8470386

748517

0.0002

Channel

Afl. porfido

1.3

8470217

748491

0.0080

Chip

Afloramiento

N/A

8470230

748518

0.0357

Chip

Afloramiento

N/A

5601

8469959

748055

0.0644

Channel

Bx Skarn

5602

8469959

748055

0.0483

Channel

Bx Skarn

5603

8469959

748055

0.0581

Channel

Bx Skarn

5604

8469959

748055

0.0915

Channel

Bx Skarn

5605

8469959

748055

0.1020

Channel

Bx Skarn

5606

8469994

748067

0.0245

Channel

Bx Caliza

5607

8469992

748075

0.0090

Channel

Bx Caliza

5608

8470002

748140

0.0092

Channel

Bx Caliza

5609

8470004

748151

0.0210

Channel

Bx Caliza

5610

8470176

748453

0.1020

Channel

Porfido

5611

8470175

748453

0.1140

Channel

Porfido

5612

8470177

748450

0.0926

Channel

Porfido

5613

8470175

748453

0.1030

Channel

Porfido

5614

8470178

748453

0.0681

Channel

Porfido

Table 1.

Historical surface rock sample copper geochemistry from La Rica

NOTES

Data disclosed in this news release includes historical geochemical results and CopperEx has not undertaken any independent investigation of the

sampling, nor has it independently analyzed the results of the historical exploration work to verify the results. CopperEx considers these historical

data relevant as the Company is using this data as a guide to plan exploration programs. The Company's current and future exploration work

includes verification of the historical data through systematic surface geochemical sampling and diamond Drilling.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/236488

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