Copper Quest completes Auxer Gold Property acquisiton

Copper Quest Exploration has completed an arms-length Purchase Agreement dated February 9th, 2026 to acquire 100% of the possessory rights and interest in and to the AUXER Gold Property, located in Bonner County, Idaho, United States increasing its US exposure to prospective gold and copper assets across North America. Under the terms of the Agreement, Copper Quest has issued 2,000,000 common shares at a deemed price of $0.15 per share and will pay a non-refundable one-time fee of $30,000 to the vendor in exchange for 100% possessory rights and interest in the Project. The issued common shares of the Company in connection with the transaction have be escrowed with staged releases over 12 months from the date of closing. Closing is subject to exchange approval and other customary closing conditions. A finder’s fee of 138,655 common shares at a deemed price of $0.15 per share has been paid in connection with the transaction. All securities issued in connection with the Acquisition are subject to a statutory hold period of four months and one day from the date of issuance.