Copper Quest Closes $1,927,000 Private Placement

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VANCOUVER, British Columbia, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Copper Quest Exploration Inc. (CSE: CQX; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that, further to its news release dated December 1, 2025, it has issued an aggregate of 10,142,104 flow-through shares of the Company (the "FT Shares", and each, a "FT Share") at a price of $0.19 per FT Share for aggregate gross proceeds of $1,927,000 in connection with its previously announced fully subscribed non-brokered private placement (the "Private Placement").

Each FT Share constitutes a “flow-through share” within the meaning of the Income Tax Act (Canada) (the "Tax Act") and the gross proceeds of the Private Placement will be used by the Company for exploration and related programs, which qualify as "Canadian exploration expenses" and "flow-through critical mineral mining expenditures", as such terms are defined in the Tax Act, in connection with Copper Quest's projects in British Columbia.

Brian Thurston, President & CEO of Copper Quest, commented: “The team has spent the last 12 months building Copper Quest to be a standout junior explorer holding seven quality projects including the recent acquisitions of Stars, Stellar, Nekash, and pending Kitimat and Alpine. It is now time for the Company to grow shareholder value through advancing these properties through work on the ground and drilling. These funds will allow us advance multiple properties in 2026 while we continue vetting quality partners to help advance the rest.”

In connection with the Private Placement, the Company paid cash finder’s fees totaling $130,199.98 and issued 685,261 finder’s warrants (the “Finder’s Warrants”) entitling the holder thereof to acquire one non-flow-through common share at an exercise price of C$0.19. The Finder’s Warrants will expire on December 5, 2027.

All securities issued pursuant to the Private Placement are subject to a statutory four month hold period expiring April 6, 2026.

To accommodate increased interest in the Private Placement, the Company also announces that it may further issue up to 255,264 FT Shares under the same terms as above stated, no later than December 15, 2025. All securities to be issued thereunder will be subject to a statutory hold period under applicable Canadian securities laws of four months and one day from the date of issuance.