Copper Mountain Mining Corporation launches the previously announced bond buy-back offer for its USD 250 million senior secured bonds (the “Bonds”). The Company has retained Clarksons Securities AS to facilitate the buy-back offer. The Company will make an offer to buy-back Bonds for an aggregate minimum principal amount of USD 87,000,000 (the “Buy-Back Offer”) at an offered price of 103.00% of the nominal amount of the Bonds (plus accrued interest on the repurchased amount).

For further background and information, reference is made to the Company's press release dated November 28, 2022. The Buy-Back Offer will be distributed to the bondholders January 4, 2023, and posted on Stamdata. The Buy-Back Offer period will commence on January 4, 2023 at 09:00 CET and end on January 18, 2023 at 16:00 CET (the “Buy-Back Offer Period”).

The Buy-Back Offer Period may be extended by the Company, in its sole and absolute discretion. Settlement of the purchase price under the Buy-Back Offer is expected to take place on or about January 23, 2023, and the Company will use the proceeds on the deposit account established for the Buy-Back Offer to finance the payment of the purchase price. The Company will also use the proceeds on the deposit account to pay the one-time amendment fee of 0.25% of the Nominal Amount of the Outstanding Bonds to the Bondholders through the CSD on January 12, 2023 (the “Amendment Fee Payment Date”).

The record date on which any Bondholder must hold the Bonds to be entitled to the amendment fee is end of business January 10, 2023, i.e. two (2) Business Days prior to the Amendment Fee Payment Date.