World Copper Signs Non-Binding LOI to Acquire Cristal Project in Chile and Terminates Option to Acquire Escalones Project
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
NR25-05 July 17, 2025
World Copper Signs Non-Binding LOI to Acquire Cristal Project in
Chile and Terminates Option to Acquire Escalones Project
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 World
Copper would be granted the option to acquire (the "Option") a 100% interest in the mineral exploitation
concessions comprising the Cristal project located in Northern Chile (the "Cristal Project").
Cristal Project Description
The Cristal Project is a porphyry copper target located in N orthern Chile, near the Peru/Chile border, and
comprises 9 km 2 of exploitation concessions. The Cristal Project was the subject of a technical report
prepared pursuant to National Instrument 43-101 Standard of Disclosure for Mineral Projects ("NI 43-
101") entitled "National Instrument 43 101 Technical Report for the Cristal Copper Property, Province of
Arica, XV Region of Arica and Parinacota, Chile", dated effective February 28, 2018, prepared by Thomas
A. Henricksen and filed on New Energy Metals Corp.'s SEDAR profile on March 29, 2018.
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 Cristal Project (the " Vendor"), World Copper, or an affiliate
nominated by World Copper, would be gra nted the Option, which may be exercised by World Copper
issuing to the Vendor 500,000 common shares (each, a " Common Share") upon the execution of the
Definitive Agreement, and making cash payments to the Vendor in the aggregate amount of USD $350,000
as follows:
Date Amount (USD)
On or before the 12 month anniversary of the date of
acceptance for filing of the Definitive Agreement by the
TSXV (the "Effective Date")
$50,000
On or before the 24 month anniversary of the Effective Date $100,000
On or before the 36 month anniversary of the Effective Date $200,000
TOTAL: $350,000
The terms of the LOI also provide that World Copper will be responsible for all exploration costs and
activities during the Option period, and the payment by World Copper to the Vendor of USD $50,000 thirty
days prior to the commencement of drilling on the Cristal Project. Other than the 500,000 Common Shares
to be issued to the Vendor upon the execution of the Definitive Agreement, World Copper shall not be
obligated to do any further act or acts, including any exploration or work on or with respect to the Cristal
World Copper Ltd. - 2 - July 17, 2025
NR25-05 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
Project; provided that during the Option period, World Copper shall be responsible for keeping the Cristal
Project in good standing.
Upon the exercise of the Option, World Copper shall grant the Vendor a 2% net smelter returns ( "NSR")
royalty. World Copper shall have the right to purchase one half (1/2) of the royalty upon the payment to
the Vendor of USD $2,000,000, in which case the royalty payable to the Vendor shall be reduced to 1.0%.
In addition, there is also an existing 1% NSR royalty on the Cristal Project in favour of Condor Resources
Inc. that can be repurchased in its entirety upon a payment of USD $1,000,000.
Figure 1. Approximate Location of Cristal Project.
Escalones Option Termination
The Company also announces that it has terminated its option to acquire the Escalones Project in Chile.
The Escalones Project was subject to a now -terminated option agreement between an indirect, wholly
owned subsidiary of the Company and a third-party vendor.
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 . The Company is dedicated to sustainable
practices and leveraging technology to develop safe and productive mining operations in stable, mining-
friendly jurisdictions.
World Copper Ltd. - 3 - July 17, 2025
NR25-05 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
Detailed information is available at World Copper's website at https://worldcopperltd.com, and for general
Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Gordon Neal"
Gordon Neal
President & Chief Executive Officer
For further information, or to schedule a Zoom meeting with Management, please contact:
Gordon Neal
Phone: 604-638-3287
Email: [email protected]
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:
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LinkedIn: https://www.linkedin.com/company/worldcopperltd
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, 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 copper demand and prices,
the receipt of any necessary permits, licences and regulatory approvals in connection with 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.
World Copper Ltd. - 4 - July 17, 2025
NR25-05 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
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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 prices of copper, 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 TSX Venture Exchange 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 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 the 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
herein, except as otherwise required by law.