CopperEx Resources — Capital/Financing Update 2024

Nov 12, 2024

CopperEx Resources Corporation Announces Grant of Options

Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - CopperEx Resources Corporation (TSXV: CUEX) (the "Company" or "CopperEx") announces that is has granted an aggregate of 272,500 options (" Options ") to directors and offices of the Company with such Options being exercisable at an exercise price of Cdn$0.27 per common share for a period of five years ending November 9, 2029. The Options will vest over a period of 18 months with one-third vesting on May 9, 2025, one-third on November 9, 2025 and one-third on May 9, 2026. The grant of Options is subject to the approval and requirements of the TSX Venture Exchange.

Additional information about CopperEx can be found on the Company's website at www.copperexcorp.com, and at www.sedarplus.ca, or email info@copperexcorp.com.

On behalf of the Board of Directors

CopperEx Resources Corporation

Dave Prins President & CEO

About CopperEx Resources Corporation

CopperEx is a copper and gold focused exploration company with three porphyry and porphyry related gold and copper projects located in Chile and Peru in established mineral belts near producing mines. The Company's Flagship Property, Exploradora Norte, located in Northern Chile, has multiple high quality drill ready targets. At Exploradora Norte, CopperEx has the option to earn 65% and a Preferred Option for an additional 35% with no attached royalty.

FOR FURTHER INFORMATION PLEASE CONTACT:

David Prins, Director, President and Chief Executive Officer Email: info@copperexcorp.com Phone Number: (604) 646-4527

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks, and uncertainties. Actual results could differ materially from those currently anticipated due to a

number of assumptions, factors, and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

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