Capstone Copper Corp. — Capital/Financing Update 2024

Jan 30, 2024

CAPSTONE COPPER CORP. | CAPITAL STRUCTURE

CLASS OF SECURITY	NUMBER CURRENTLY ON ISSUE1	NUMBER PROPOSED TO BE ISSUED	TOTAL NUMBER PROPOSED TO BE
		BETWEEN LISTING APPLICATION DATE	ON ISSUE AT THE DATE OF
		AND DATE OF ADMISSION	ADMISSION
Issued and outstanding commonshares	696,073,153	Nil	696,073,153
Share options	3,542,343	Nil	3,542,343
Treasury share units2	3,430,772	Nil	3,430,772
Non-treasury share units3	1,616,101	Nil	1,616,101

1 As at 31 January 2024.

2 To the extent that the obligations under these units are not settled in cash, they will be settled with shares delivered from treasury stock (an issue of new shares).

3 To the extent that the obligations under these units are not settled in cash, they will be settled with shares delivered from a Share Purchase Trust (ie. from existing, issued shares, and not from an issue of new shares).