Koryx Copper Files Final Short Form Prospectus in Connection With $17.4 Million Bought Deal Financing

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) —  Koryx Copper Inc. (“Koryx” or the “Company”) (TSX-V: KRY) is pleased to announce that it has filed and been receipted for a final short form prospectus dated July 28, 2025 (the “Prospectus”) in connection with its previously announced “bought deal” public offering of 16,563,200 common shares (the “Offered Shares”) of the Company at a price of C$1.05 per Offered Share (the “Issue Price”) for aggregate gross proceeds to the Company of C$17,391,360 (the “Offering”), as further described in the news releases of the Company dated July 9 and 10, 2025. In addition, the Company also granted the Underwriters (as defined below) an option (the “Over-Allotment Option”), exercisable in whole or in part at any time and from time to time for up to 30 days following closing date, to purchase up to an additional 2,484,480 at the Issue Price for additional gross proceeds of up to C$2,608,704. The Underwriters have exercised the Over-Allotment Option in full.

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In connection with the Offering, the Company has entered into an underwriting agreement with Stifel Canada, as lead underwriter and sole bookrunner (the “Lead Underwriter”), for and on behalf of a syndicate of underwriters that includes Beacon Securities Limited, Haywood Securities Inc., Research Capital Corporation, BMO Nesbitt Burns Inc., Red Cloud Securities Inc. and Ventum Financial Corp. (together with the Lead Underwriters, the “Underwriters”).

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Delivery of the Prospectus and any amendment will be satisfied in accordance with the “access equals delivery” provisions of applicable securities legislation. The Prospectus is accessible on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.

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An electronic or paper copy of the Prospectus and any amendment may be obtained, without charge, from Stifel Canada by email at [email protected] by providing Stifel Canada with an email address or address, as applicable. The Prospectus contains important, detailed information about the Company and the Offering. Prospective investors should read the Prospectus before making an investment decision.

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The Offering is subject to certain conditions including, but not limited to, the conditional approval of the TSX Venture Exchange, which it has granted to the Company.

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This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.

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About Koryx Copper Inc

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Koryx Copper Inc. is a Canadian copper development Company focused on advancing the 100% owned Haib Copper Project in Namibia whilst also progressing its two copper exploration licenses on the Zambian copper belt. Haib is a large, advanced (PEA-stage) copper/molybdenum porphyry deposit in southern Namibia with a long history of exploration and project development by multiple operators. More than 80,000m of drilling has been conducted at Haib since the 1970’s with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975) and Teck (2014). Extensive metallurgical testing and various technical studies have also been completed at Haib to date.