World Copper Signs Non-Binding LOI 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
LC2336379-1
NR26-01 February 3, 2026
World Copper Signs Non-Binding LOI 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 the Company has entered
into a non-binding letter of intent (the "LOI") to enter into a property option agreement whereby the
Company would be granted the option to acquire (the "Option") a 100% interest in 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").
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 3, 2026
NR26-01 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2336379-1
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 mineral 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
The terms of the LOI provide that, subject to the completion of certain conditions, including TSX Venture
Exchange (" TSXV") acceptance and entry into a definitive property option agreement (the " Definitive
Agreement") with the vendor of the Brassie Creek Project (the " Optionor"), a private arm's length party,
World Copper would be granted the Option, which may be exercised by World Copper issuing to the
Optionor an aggregate of 900,000 common shares in the capital of World Copper (the "Consideration
Shares"), making cash payments to the Vendor in the aggregate amount of $440,000, and incurring an
aggregate of $750,000 in exploration expenditures ("Expenditures"), as follows:
Date Share Payments
Cash Payments
(CAD)
Expenditures
(CAD)
On signing of Definitive
Agreement
-- $5,000 --
Within three (3) business days
of the Effective Date
100,000 Consideration
Shares
$10,000 --
On or before June 30, 2026 -- -- $25,000
On or before the 12-month
anniversary of the Effective
Date
200,000 Consideration
Shares
$25,000 $125,000
World Copper Ltd. - 3 - February 3, 2026
NR26-01 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2336379-1
Date Share Payments
Cash Payments
(CAD)
Expenditures
(CAD)
On or before the 24-month
anniversary of the Effective
Date
200,000 Consideration
Shares
$100,000 $150,000
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
Note:
(1) "Effective Date" means the date the Definitive Agreement is accepted for filing by the TSXV.
The terms of the LOI 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 World
Copper, and any Expenditures incurred in any period in excess of the amount requir ed shall be credited to
World Copper and applied against future Expenditure requirements in subsequent periods . During the
period the Option is in effect, World Copper will also be responsible for paying such costs as are required
to maintain the mineral claims comprising the Brassie Creek Project in good standing.
Qualified Person
Cathy Fitzgerald, M.Sc., P.Geo ., a Q ualified Person as defined by the 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.
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]
World Copper Ltd. - 4 - February 3, 2026
NR26-01 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
LC2336379-1
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 the entry into of
the Definitive Agreement, TSXV approval, the exercise of the Option, and future results of exploration at the Brassie
Creek Project, are forward-looking statements. Although the Company 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. 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 Definitive 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 Definitive Agreement), permits or
financing or in the completion of other planned activities, risks relating to epidemics or pandemics, including impacts
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 re gulatory 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
herein, except as otherwise required by law.