Dore Copper Provides Update On Arrangement Agreement With Cygnus Metals

Press Release

Toronto, Ontario – November 5, 2024 – Doré Copper Mining Corp. (“Doré Copper”) (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce, further to its news release dated October 15, 2024, an update on the definitive arrangement agreement (the “Agreement”) with Cygnus Metals Limited (ASX: CY5) (“Cygnus”) pursuant to which Cygnus has agreed to acquire 100% of the issued and outstanding common shares of Doré Copper (the “Doré Copper Shares”) by way of a court approved plan of arrangement under the Canada Business Corporation Act (the “Transaction”).

A key obligation in the Agreement has been met with Cygnus having successfully raised a minimum of A$5.0 million as part of a first tranche  (see ASX Announcement dated October 17, 2024).

Cygnus Metals Limited (ASX:CY5) announced that it has received commitments from institutional and sophisticated investors to raise A$11.0 million (before costs) through the issue of 152,777,778 fully paid ordinary shares in the Company at an issue price of A$0.072 per Share (“Placement”). The Placement was extremely well supported and oversubscribed.

Agreement with Epstein Research

Doré Copper has entered into a paid advertisement services agreement with Peter Epstein (“Epstein Research”) on October 22, 2024 to increase investor engagement and create more awareness for the company. Epstein Research’s engagement is for an initial term of six (6) months and is subject to renewal or cancellation in accordance with its terms. Epstein Research operates from New York, New York, and provides promotional services, including social media and online advertising of Doré Copper posted on Epstein Research homepage, CEO.ca, Substack, and Linked-In; monthly written articles on Doré Copper and/or company interviews written exclusively by Peter Epstein; and frequent online commentary on Doré Copper on websites including CEO.ca, Stockhouse, TalkMarkets, Linked-In, and Twitter/X.

Doré Copper has agreed to pay Epstein Research US$2,000 per month for these services. There are no common shares or options to be received as compensation in the service agreement. In addition, Epstein Research is an unrelated and unaffiliated entity in respect of the Corporation and, at the time of the agreement, Mr. Epstein owns securities of the Corporation.

About Doré Copper Mining Corp.

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill. Doré Copper has delivered its PEA in May 2022 and is proceeding with a feasibility study. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of Doré Copper’s Copper Rand Mill.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5) is an emerging exploration company focused on advancing the Pontax Lithium Project (earning up to 70%), the Auclair Lithium Project and the Sakami Lithium Project in the world class James Bay lithium district in Québec, Canada. In addition, Cygnus has REE and base metal projects at Bencubbin and Snake Rock in Western Australia. The Cygnus Board of Directors and Technical Management team have a proven track record of substantial exploration success and creating wealth for shareholders and all stakeholders in recent years. Cygnus’ tenements range from early-stage exploration areas through to advanced drill-ready targets.

For further information about Doré Copper, please contact:

Ernest Mast
President and Chief Executive Officer
Phone: (416) 792-2229
Email: emast@dorecopper.com

Laurie Gaborit
VP Investor Relations
Phone: (416) 219-2049
Email: lgaborit@dorecopper.com

For more information, please visit: www.dorecopper.com

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