#02 - 2025 OTCQB: Chkkf Fra: 1ZX Chakana Announces Effective Date of Share Consolidation

NEWS RELEASE

For Immediate Release TSX-V: PERU

#02 - 2025 OTCQB: CHKKF

FRA: 1ZX

CHAKANA ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Vancouver, B.C., February 25, 2025 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA:

1ZX) (the “Company” or “Chakana”), announces that further to its news release dated February 11, 2025,

Chakana will consolidate its common shares on the basis of one (1) new -post-consolidation common share for

every ten (10) pre-consolidation common shares effective as of February 28, 2025 (the “Consolidation”). There

will be no name change or trading symbol change in conjunction with the Consolidation.

Effective at the opening of market on February 28, 2025, the common shares of Chakana will commence trading

on a post -Consolidation basis under the existing ticker symbol “PERU” and new CUSIP: 15748D205 ; ISIN:

CA15748D2059. There were 267,008,571 common shares of Chakana outstanding prior to the Consolidation

and following the Consolidation Chakana will have approximately 26,700,857 common shares outstanding.

No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise be

entitled to receive a fraction of a common share will be rounded down to the nearest whole common shares and

no cash consideration will be paid in respect of the fractional shares. Registered holders of common shares of

Chakana will receive a letter of transmittal from TSX Trust Company with instructions on how to exchange

existing share certificates or DRS’ for new post -Consolidation share certificates or DRS’ . Non-registered

shareholders who hold their common shares through a securities broker or other intermediary and do not have

shares registered directly in their name will not be required to take any measures with respect to the

Consolidation.

The exercise price and number of Common Shares issuable upon the exercise of Chakana’s outstanding stock

options and warrants have been proportionately adjusted to reflect the Consolidation in accordance with the

terms of such securities.

ON BEHALF OF THE BOARD

(signed) “Douglas Silver”

Douglas Silver

Chairman of the Board

And

(signed) “David Kelley”

David Kelley

President and CEO

For further information contact:

Phone: 720-233-2166

Email: [email protected]

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

policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.