Copper Quest Exploration Inc. announced that it has completed its positive due diligence of the arms-length Option to Purchase Agreement (the "Agreement") dated November 7th, 2025 and previously announced November 14, 2025. The Agreement is with 0847114 B.C. Ltd. ("Privco"), a British Columbia Incorporated company that holds 100% ownership, title, and interest in the Alpine Gold Property (the "Property"), located in the West Kootenay region of British Columbia (the "Acquisition"). The Company plans to immediately begin the process to complete the Acquisition of the Property.
Highlights of the Alpine Gold Property 2018 NI43-101 Inferred Resource of 268,000 tonnes estimated using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au that represents an inferred resource of 142,000 oz of gold (McCuaig & Giroux, 2018). Substantial opportunity to grow the maiden Alpine resource to the east-west and to depth with only about 300m of the roughly 2km long vein system explored to date by underground mine workings and drilling. Estimated 24,000 tonnes Run of Mine mineralized stockpile on surface presenting a possible near term cash flow opportunity.
1,650 meters of clean and dry underground workings accessing sampled and mineable zones. At least 4 additional relatively unexplored vein systems on the Property (Black Prince, Cold Blow, Gold Crown & past-producing King Solomon), all hosting historic high-grade gold values. Road accessible 4,611.49-hectare Property including 15 Crown Grants (1 with surface rights) and 19 staked mineral claims with all-season operation potential.
The 4,611.49-hectare Property is approximately 20 kilometers northeast of the City of Nelson and hosts the former operating underground mine with a recorded production of approximately 16,810 tonnes of mineralized vein material. This material contained 356,360 grams of gold, 222,054 grams of silver, 49,329 kilograms of lead and 17,167 kilograms of zinc. The other 4 significant vein systems on the property will also be explored including the Black Prince and Cold Blow quartz veins approximately 3km to the northeast of the Alpine mine, the Gold Crown vein system 600m southeast, and the past-producing King Solomon vein workings 1.8km to the south. The Agreement provides for the purchase of all the minerals claims and crown grants held by the Privco that make up the Alpine Gold Property.
At closing Copper Quest will issue 14,177,517 Copper Quest common shares to Privco at a deemed price of $0.175c per share. The Shares will have a 24-month escrow agreement from closing date. Additionally, Copper Quest will pay $225,000 towards the 2025 expenditures of the Property that was completed earlier this year and a 2 percent NSR will be granted to Privco on closing of the Acquisition with half being able to be bought back for CAD 1 million.
Closing is subject to exchange approval and other customary closing conditions. A finder?s fee is payable in common shares in connection with the transaction.
