World Copper Announces Closing of Non-Brokered Private Placement and Shares for Debt Settlement

Vancouver, British Columbia--(Newsfile Corp. - October 2, 2026) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY2) ("World Copper" or the "Company") announces that it has closed its previously announced non-brokered private placement (the "Offering") pursuant to which the Company issued 13,333,329 units (the "Units") at a price of $0.075 per Unit for aggregate gross proceeds of approximately $1,000,000.

Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share at an exercise price of $0.10 per Share for a period of two years from the date of issuance. No finder's fees were paid in connection with the Offering. The net proceeds from the Offering will be used for exploration and general working capital purposes. All securities issued pursuant to the Offering will be subject to a statutory four-month and a day hold period in Canada, and the closing of the Offering is subject to final acceptance by the TSX Venture Exchange.

Certain directors and officers of the Company participated in the Offering and in the Debt Settlements (as defined below), which are considered to be related party transactions within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on sections 5.5(b) and 5.7(1)(b) of MI 61-101 for an exemption from the formal valuation and minority shareholder approval requirements, respectively, of MI 61-101, as the Company's common shares are listed on the TSX Venture Exchange and neither the fair market value of the Units or the Settlement Shares, respectively, nor the market value of the consideration received by the Company for same, insofar as it involves related parties, exceeds $2,500,000. The Company did not file a material change report more than 21 days before the expected closing of the Offering, as the details and amounts of the related party participation were not finalized until closer to the closing and the Company wished to close the transaction as soon as practicable for sound business reasons.

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