GUNNISON COPPER ANNOUNCES C$30 MILLION BOUGHT DEAL PUBLIC OFFERING The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
GUNNISON COPPER ANNOUNCES C$30 MILLION BOUGHT DEAL PUBLIC OFFERING
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through
SEDAR+
Phoenix, Arizona, May 27, 2026 – Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCU MF) (FSE: 3XS0)
(“Gunnison” or the “Company” ) is pleased to announce that it has entered into an agreement with
Canaccord Genuity Corp. as sole bookrunner and on behalf of a syndicate of underwriters (collectively,
the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal”
basis, 71,430,000 common shares of the Company (the “ Common Shares ”) at a price of C$0.42 per
Common Share (the “Offering Price”), for aggregate gross proceeds of C$30,000,600 (the “Offering”).
In addition, the Company has granted the Underwriters an option to purchase up to an additional
10,714,500 Common Shares (the “ Over-Allotment Option ”) at the Offering Price for additional gross
proceeds of up to C$4,500,090 exercisable in whole or in part, at any time on or prior to the date that is
30 days following the Closing Date (as defined herein).
The Company intends to use the net proceeds from the Offering (and any proceeds received from the
Over-Allotment Option) to advance the Company’s Gunnison Copper Project in Arizona, as well as for
working capital and general corporate purposes.
Closing of the Offering is expected to occur on or about June 3, 2026 (the “ Closing Date”) and is subject
to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including
the approval of the Toronto Stock Exchange and applicable securities regulatory authorities.
The Common Shares will be offered for sale in all provinces of Canada, other than the province of Quebec,
by way of a prospectus supplement (the “ Prospectus Supplement”) to the Company’s short form base
shelf prospectus dated May 19, 2026 (the “Base Shelf Prospectus”) to be filed in all of the provinces and
territories of Canada. The Common Shares may also be sold in certain offshore jurisdictions (provided that
placement in such offshore jurisdictions does not give rise to the filing of a prospectus or registration
statement or to any continuous disclosure obligations) and by way of private placement in the United
States pursuant to an exemption from the registration requirements of the United States Securities Act of
1933, as amended (the “U.S. Securities Act”).
Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto is provided
in accordance with securities legislation relating to the procedures for providing access to a shelf
prospectus supplement, a base shelf prospectus and any amendment to such documents. The Base Shelf
Prospectus is, and the Prospectus Supplement will be filed and available under the Company’s profile on
SEDAR+ at www.sedarplus.ca within two (2) business days. Alternatively, an electronic or paper copy of
the Prospectus Supplement, the corresponding Base Shelf Prospectus and any amendment to the
documents may be obtained without charge upon request by contacting Canaccord Genuity at
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[email protected] (416.869.3052) by providing the contact with an email address or address as applicable.
Prospective investors should read the Base Shelf Prospectus and Prospectus Supplement and the
documents incorporated by reference therein, as filed by the Company on SEDAR+ at www.sedarplus.ca,
before making an investment decision.
The securities referred to in this news release have not been, nor will they be, registered under the U.S.
Securities Act, and may not be offered or sold within the United States absent U.S. registration or an
applicable exemption from the U.S. registration requirements. This news release does not constitute an
offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any
other jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of
securities in the United States must be made by means of a prospectus containing detailed information
about the company and management, as well as financial statements.
ABOUT GUNNISON COPPER CORP.
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the
Cochise Mining District (the district), containing 12 known deposits within an 8 km economic radius, in
the Southern Arizona Copper Belt.
For more information on the Company, please visit our website at www.GunnisonCopper.com.
For further information regarding this press release, please contact:
Gunnison Copper Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018
Melissa Mackie
T: 647.533.4536
www.GunnisonCopper.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this release constitute forward-looking information within the meaning
of applicable Canadian securities laws. Such forward-looking statements relate to the completion of the
Offering; the receipt of necessary approvals; the use of proceeds from the Offering; the number of
securities to be issued under the Offering and the gross proceeds received; the timing of the closing of the
Offering. In certain cases, forward-looking information can be identified by the use of words such as
"plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting
future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements
about future events or performance. Forward-looking information contained in this news release is based
on certain factors and assumptions regarding, among other things, receipt of TSX approval of the Offering,
the timing of closing the Offering, the availability of financing to continue as a going concern and
implement the Company's operational plans, the estimation of mineral resources, the realization of
resource and reserve estimates, copper and other metal prices, the timing and amount of future
development expenditures, the estimation of initial and sustaining capital requirements, the estimation of
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labour and operating costs (including the price of acid), the availability of labour, material and acid supply,
receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance
coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or
claims, and other similar matters. While the Company considers these assumptions to be reasonable based
on information currently available to it, they may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking information.
Such factors include risks related to the Company not obtaining adequate financing to continue operations,
Nuton failing to continue to fund the stage 2 work program, the breach of debt covenants, risks inherent
in the construction and operation of mineral deposits, including risks relating to changes in project
parameters as plans continue to be redefined including the possibility that mining operations may not be
sustained at the Gunnison Copper Project, risks related to the delay in approval of work plans, variations
in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access
infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand
for and supply of copper and related products, risks related to increased competition in the market for
copper and related products, risks related to current global financial conditions, risks related to current
global financial conditions on the Company's business, uncertainties inherent in the estimation of mineral
resources, access and supply risks, risks related to the ability to access acid supply on commercially
reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities,
including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of
delays or increased costs that might be encountered during the construction or mining process, regulatory
risks including the risk that permits may not be obtained in a timely fashion or at all, financing,
capitalization and liquidity risks, risks related to disputes concerning property titles and interests,
environmental risks and the additional risks identified in the "Risk Factors" section of the Company's
reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking information, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly,
readers should not place undue reliance on forward-looking information. The forward-looking information
is made as of the date of this news release. Except as required by applicable securities laws, the Company
does not undertake any obligation to publicly update or revise any forward-looking information.