Doré Copper Provides Updates on Arrangement Agreement with Cygnus Metals

Release Highlights:

• Doré Copper Mining Corp. (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 with Cygnus Metals Limited (ASX: CY5) pursuant to which Cygnus has agreed to acquire 100% of the issued and outstanding common shares of Doré Copper by way of a court approved plan of arrangement under the Canada Business Corporation Act.
• A key obligation in the Agreement has been met with Cygnus having successfully raised a minimum of AUD 5.0M as part of a first tranche (see ASX Announcement dated October 17, 2024).
• Cygnus Metals announced that it has received commitments from institutional and sophisticated investors to raise AUD 11.0M (before costs) through the issue of 152,777,778 fully paid ordinary shares in the Company at an issue price of AUD 0.072 per Share (“Placement”). The Placement was extremely well supported and oversubscribed.