Doré Copper Announces Shareholder Approval of Plan of Arrangement with Cygnus Metals

Release Highlights:

• Doré Copper Mining Corp. (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) is pleased to announce that its shareholders overwhelmingly approved the plan of arrangement with Cygnus Metals Limited, enabling Cygnus to acquire all outstanding Doré Copper shares through its subsidiary. Shareholders will receive 1.8297 Cygnus shares for each Doré Copper share, with the transaction expected to close by December 31, 2024, pending final court and regulatory approvals.
• The Arrangement Resolution received approximately 100% approval from both general and minority shareholders, with 71.50% of issued and outstanding shares voted. Key votes from certain insiders were excluded as per regulatory requirements under Multilateral Instrument 61-101.
• Doré Copper is advancing its goal to become a major copper producer in Québec with plans to produce over 50 million pounds of copper equivalent annually. The company has consolidated significant land holdings in historic mining regions and is developing its hub-and-spoke model centered on the Copper Rand Mill.