Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

WCU.V ·

World Copper Clarifies

Regulatory & Compliance

#2710 - 200 Granville Street

Vancouver, BC, Canada, V6C 1S4

T: 604-638-3287 / F: 604-408-7499

www.worldcopperltd.com

NR 22-05 February 2, 2022

World Copper Clarifies News Release

FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or

the " Company"; TSXV: WCU, OTCQB: WCUFF ), at the request of IIROC, clarifies and provides

additional information related to its February 2, 2022 news release.

The Company retracts its stated endorsement of the future price targets and buy recommendation reports of

Zack's Small-Cap Research ("Zack 's") and Fundamental Research Corp. ("FRC"), which statement was

made in error.

The Company reports that each of Zack's and FRC have been retained for a one year term to provide

independent analyst coverage, for the amount of USD $30,000 and CAD $40,000, respectively. The

Company has no input in setting the price target recommended by the analysts.

ABOUT WORLD COPPER LTD.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the

exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in

Arizona. Two of these projects have estimated resou rces with significant soluble copper mineralization,

and there are at least two other copper porphyry targets with exciting potential to expand the resource base.

The Zonia project was acquired as part of the previously announced merger transaction with

Cardero Resource Corp. Please refer to news releases dated April 20, 2021; June 9, 2021; September 20,

2021; November 9, 2021, December 13, 2021 and January 28, 2022 for more details.

On Behalf of the Board of Directors of

WORLD COPPER LTD.

"Nolan Peterson"

Nolan Peterson

Chief Executive Officer

For further information, or to schedule a Zoom meeting with Management, please contact:

Nolan Peterson or Michael Pound

Phone: 604-638-3665

E-mail: [email protected]

World Copper Ltd. - 2 - February 2, 2022

NR22-05 Continued

#2710 - 200 Granville Street

Vancouver, BC, Canada, V6C 1S4

T: 604-638-3287 / F: 604-408-7499

www.worldcopperltd.com

For all Investor Relations inquiries, please contact:

John Liviakis

Liviakis Financial Communications Inc.

Phone: 415-389-4670

For all Public Relations inquiries, please contact:

Nancy Thompson

Vorticom, Inc.

Office: 212-532-2208 | Mobile: 917-371-4053

Follow Us:

Twitter: https://twitter.com/WorldCopperLtd

Facebook: https://www.facebook.com/WorldCopperLtd

LinkedIn: https://www.linkedin.com/company/worldcopperltd

Neither TSXV n or 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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release cont ains forward -looking statements and forward- looking information (collectively, "forward-

looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other

than statements of historical fact, included here in are forward-looking statements. Although World Copper believes

that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends",

"estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and

phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might

or will occur or be taken or achieved. Forward- looking statements involve known and unknown risks, uncertainties

and other factors which may cause the actual results, performance or achievements of World Copper to differ

materially fro m any future results, performance or achievements expressed or implied by the forward- looking

information. Such risks and other factors include, among others, statements as to the anticipated business plans and

timing of future activities of World Copper, the ability of World Copper to obtain sufficient financing to fund its

business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX

Venture Exchange ), permits or financing, changes in laws, regulations and policies affecting mining operations,

currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epide mics or

pandemics such as COVID -19, including the impact of COVID -19 on World Copper’s business, financial condition

and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the

inability of World Copper to obtain any necessary permits, consents, approvals or authorizations, the timing and

possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture

operations, and other risks and uncertainties disclosed in World Copper’s continuous disclosure documents. All of

World Copper's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to

review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. World Copper does not undertake

any obligation to update any of the forward -looking statements in this news release or incorporated by reference

herein, except as otherwise required by law.