World Copper Signs Definitive Agreement to Acquire Brassie Creek Project in British Columbia
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2339508-1
NR26-02 February 25, 2026
World Copper Signs Definitive Agreement to Acquire Brassie Creek
Project in British Columbia
FOR IMMEDIATE RELEASE…Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the "Company"; TSXV: WCU, OTCQB: WCUFF, FSE: 7LY0) announces that, further to its news release
dated February 3, 2026, the Company has entered into a definitive property option agreement dated
February 24, 2026 (the "Property Option Agreement") with the Vendor (as defined below), whereby the
Vendor has granted to the Company an exclusive option to acquire a 100% interest (the "Option") in and
to the mineral claims comprising the Brassie Creek Project located in the Kamloops mining division in the
Province of British Columbia, Canada (the "Brassie Creek Project" or the "Project"), subject to a 2% net
smelter returns royalty.
Brassie Creek Project
The Brassie Creek Project is a porphyry- skarn copper and gold property located in Southern British
Columbia (Figure 1), covering an area of approximately 1,861 hectares and located approximately 50 km
west of Kamloops.
Figure 1. Location of Brassie Creek Project.
World Copper Ltd. - 2 - February 25, 2026
NR26-02 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2339508-1
The Brassie Creek Project is also in close proximity to other active mines, being 20 km north of Teck
Resources Limited's Highland Valley Mine (Canada's largest copper mine and a calc- alkalic copper-
molybdenum porphyry deposit) and 30 km west of New Gold Inc.'s New Afton Mine ( an alkalic copper-
gold porphyry deposit). Readers are cautioned that the Company has no interest in or right to acquire any
of the neighbouring mines and deposits. Mineral deposits on nearby properties and any production
therefrom are not in any way indicative of mine ral deposits on the Brassie Creek Project or the potential
production therefrom.
The Brassie Creek Project has documented porphyry-skarn mineralization, and historical exploration of the
Project includes:
Year Historical Exploration
2025 Structural report covering northwestern zone.
2020
47-line-km ground magnetic and VLF survey, identifying
magnetic-VLF anomaly interpreted to be near surface and
extending to depth.
2012 to 2019 Rock and soil geochemistry and structural analysis.
1998 to 1999 Drilling reportedly confirmed the presence of polymetallic skarn
mineralization near surface. Total of 540 m drilled.
1973 11km induced polarization survey with high chargeability
anomaly identified over northwest portion of the property.
The Project has year-round access and can be accessed via Highway 1 and an extensive network of forest
service road s. The test data underlying the historical exploration summary has not been verified by a
qualified person.
Option Terms
Pursuant to the terms of the Property Option Agreement, to exercise the Option in full the Company must
issue to Mr. Kenneth Ellerbeck (the " Vendor"), a private arm's length vendor, an aggregate of 900,000
common shares in the capital of the Company (the "Consideration Shares"), make cash payments to the
Vendor in the aggregate amount of $ 440,000, and incur an aggregate of $750,000 in exploration
expenditures ("Expenditures"), as follows:
Date Share Payments
Cash Payments
(CAD)
Expenditures
(CAD)
On signing of the Property
Option Agreement
-- $5,000 --
Within three (3) business days
of the Effective Date(1)
100,000 Consideration
Shares
$10,000 --
On or before June 30, 2026 -- -- $25,000(2)
On or before the 12-month
anniversary of the Effective
Date
200,000 Consideration
Shares
$25,000 $125,000
On or before the 24-month
anniversary of the Effective
Date
200,000 Consideration
Shares
$100,000 $150,000
World Copper Ltd. - 3 - February 25, 2026
NR26-02 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2339508-1
Date Share Payments
Cash Payments
(CAD)
Expenditures
(CAD)
On or before the 36-month
anniversary of the Effective
Date
400,000 Consideration
Shares
$300,000 $450,000
TOTAL: 900,000 $440,000 $750,000
Notes:
(1) "Effective Date" means the date the Property Option Agreement is accepted for filing by the TSX Venture
Exchange ("TSXV").
(2) The incurrence of these Expenditures is subject to the Property Option Agreement being accepted for filing by
the TSXV.
The terms of the Property Option Agreement also provide that the issuance of the Consideration Shares,
the cash payments, and the incurring of Expenditures may be completed within a shorter time frame, at the
sole discretion of the Company, and any Expenditures incurred in any period in excess of the amount
required shall be credited to the Company and applied against future Expenditure requirements in
subsequent periods. During the period the Option is in effect , the Company will also be responsible for
paying such costs as are required to maintain the mineral claims comprising the Brassie Creek Project in
good standing. Upon the exercise of the Option by the Company, the Vendor will retain a 2% net smelter
returns royalty (the " Royalty"), of which 50% (being 1%) of the Royalty can be repurchased from the
Vendor for $1,500,000 and thereafter, the Company shall have the right of first refusal to purchase the
royalty from the Vendor should it wish to sell, assign, transfer, convey or otherwise dispose of or deal with
the Royalty.
If the Company fails to fulfill its obligations under the Property Option Agreement the Option will
terminate, and the Company will not retain any interest in the Project. No finder's fees were paid in
connection with the grant of the Option. All securities issued pursuant to the Property Option Agreement
will be subject to a f our month and a day regulatory hold period in Canada , and t he Property Option
Agreement is subject to acceptance for filing by the TSXV.
Resignation of Chairman and Director
The Company also announces the resignation of Hendrik van Alphen as Chairman and a director of the
Company. The board of directors and management of the Company thank Mr. van Alphen for his
contributions to the Company and wish him well in his future endeavours.
Qualified Person
Cathy Fitzgerald, M.Sc., P.Geo., a Q ualified Person as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects , has reviewed the scientific and technical information that forms the
basis for this news release and has approved the disclosure herein. Ms. Fitzgerald is a Principal Geologist
and Mining Sector Lead-Americas with SLR Consulting (Canada) Ltd., and is independent of the Company.
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company.
Detailed information is available at World Copper's website at https://worldcopperltd.com.
World Copper Ltd. - 4 - February 25, 2026
NR26-02 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2339508-1
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Mark Lotz"
Mark Lotz
President & Chief Executive Officer
For further information, please contact:
Mark Lotz
Chief Executive Officer and President
Telephone: +1 (604) 880-6546
Email: [email protected]
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX V)
accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains 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 herein including, without limitation, statements regarding TSXV
acceptance for filing , the exercise of the Option, and future results of exploration at the Brassie Creek Project, are
forward-looking statements. Although the Company belie ves 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. In making the
forward-looking statements in this news release, World Copper has applied several material assumptions, including
without limitation, market fundamentals will result in sustained mineral demand and prices, the receipt of any
necessary permits, licences and regulatory approvals in connection with the Property Option Agreement and the
Option in a timely manner, the availability of financing on suitable terms for the continued operation of World
Copper's business and its ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed o r implied by the forward- looking information. Such risks and other factors include,
among others, requirements for additional capital, actual results of exploration activities, including on the Company's
projects, the estimation or realization of mineral reserves and mineral resources, future mineral prices, changes in
general economic conditions, changes in the financial markets and in the demand and market price for commodities,
lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays
in obtaining governmental approvals (including TSXV acceptance for filing of the Property Option Agreement),
permits or financing or in the completion of other planned activities, risks relating to epidemics or pandemics,
including impact s on the Company 's business, financial condition and results of operations, changes in laws,
regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending
litigation, environmental issues and liabilities, as well as th e risk factors described in the Company 's annual and
quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities
regulatory authorities under the Company's profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake
any obligation to update any of the forward- looking statements in this news release or incorporated by reference
World Copper Ltd. - 5 - February 25, 2026
NR26-02 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2339508-1
herein, except as otherwise required by law.