Doré Copper Announces Rights Offering

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TORONTO, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Doré Copper Mining Corp. (the "Corporation" or "Doré Copper") (TSXV:DCMC; OTCQX:DRCMF; FRA:DCM) is pleased to announce that it is commencing a rights offering (the "Rights Offering") to the holders of common shares in the capital of the Corporation ("Common Shares") to raise aggregate gross proceeds of approximately $3,960,000. The net proceeds of the Rights Offering will be used for exploration and development activities and for working capital and general corporate purposes.

Under the terms of the Rights Offering, holders of Common Shares at the close of business (Toronto time) on November 28, 2023 (the "Record Date") will receive 0.337167854796804 of one transferable right (each whole right, a "Right") for each Common Share held as of the Record Date. All fractional Rights will be rounded down to the nearest whole number of Rights with no additional compensation paid therefor. Each Right will entitle the holder thereof to subscribe for one Common Share (the "Basic Subscription Privilege") at a subscription price of $0.12 per Common Share (the "Subscription Price"). The Subscription Price represents a 25% discount to the last closing price of the Common Shares on the TSX Venture Exchange prior to the announcement of the Rights Offering. Pursuant to applicable securities laws, and to the extent that other holders of Rights do not exercise all of their Rights under the Basic Subscription Privilege, each holder of Rights who fully exercises its Basic Subscription Privilege will also be entitled to subscribe for additional Common Shares on a pro rata basis at the Subscription Price in the manner prescribed by securities laws and as further detailed in the Rights Offering Circular (as defined below). The Rights Offering is expected to expire at 5:00 p.m. (Toronto time) (the "Expiry Time") on December 22, 2023 (the "Expiry Date"). Any Rights not exercised at or before the Expiry Time on the Expiry Date will be void and will have no value.

The Rights will be listed on the TSX Venture Exchange under the trading symbol "DCMC.RT" commencing on November 27, 2023 and will be posted for trading until 12:00 p.m. (Toronto time) on the Expiry Date.

The completion of the Rights Offering is conditional upon the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange.