Copper Quest Exploration Inc. (CNSX:CQX) entered into a letter of intent to acquire Copper-Gold Porphyry Project in the Western United States for CAD 0.34 million on June 27, 2025. Under the terms of the Letter of Intent Copper Quest will issue 4.25 million common shares to the vendor, in exchange for 100% ownership of the Project. A finder?s fee payable in common shares of the Company will be applicable. The common shares of the Company to be issued in connection with the transaction will be escrowed with staged releases over 16 months from the date of closing.

As a condition to closing the transaction, the Company also announces a non-brokered private placement financing of a minimum of CAD 1 million consisting of at least 13,333,334 units of the Company (?Units?) priced at CAD 0.075 per Unit. Each Unit shall comprise one common share of the Company and one common share purchase warrant (?Warrant?) of the Company, with each Warrant exercisable at CAD 0.15 for a period of two years (the ?Private Placement?). Proceeds from the financing will be used to advance exploration on the new project and for general working capital purposes.

The transaction is subject to the completion of due diligence, execution of a definitive agreement, completion of the Private Placement are subject to the receipt of all requisite regulatory approvals, including the approval of the Canadian Securities Exchange.