Canada One Acquires 4,836 ha Copper-Gold Property Adjacent to Copper Mountain Mine

Rhea-AI Summary

Canada One Mining (OTC: COMCF; TSXV: CONE) agreed to acquire a 4,836-hectare copper-gold property contiguous northwest of Hudbay's Copper Mountain Mine, to be named Copper Dome North, under an agreement dated October 6, 2025.

The Acquisition increases the flagship Copper Dome project area by ~60% to 12,833 ha (from 7,997 ha). Consideration is 250,000 common shares (deemed $0.05/share), valuing the deal at $12,500. There is no NSR on the property and no finders' fees payable.

Closing is subject to customary conditions and TSX Venture Exchange acceptance. The company said it will not devote the majority of working capital to Copper Dome North and the primary focus remains exploration and future drilling at Copper Dome.

Positive

• Project area increased by ~60% to 12,833 ha
• No NSR retained on the acquired property
• Direct adjacency to Copper Mountain Mine and Goldrop

Negative

• Consideration valued at only $12,500 (250,000 shares)
• Company will not devote majority of working capital to Copper Dome North

Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) ("Canada One" or the "Company") announces it has agreed to acquire a 4,836-hectare copper-gold property contiguous to the northwest of Hudbay Minerals' Copper Mountain Mine, to be known as "Copper Dome North" (the "Property").

Under the property purchase agreement, dated October 6, 2025, (the "Agreement"), the Company will acquire a 100% interest in the Property, from an arm's-length vendor (the "Acquisition"). The Acquisition increases the Company's flagship Copper Dome Project ("Copper Dome") size by ~60%, to 12,833 ha (from 7,997 ha) (see Figure 1: Copper Dome Project Map with Newly Acquired Copper Dome North).

Peter Berdusco, President and CEO, commented: "Though outside the formal Copper Dome footprint, the Property's proximity to Copper Mountain and its continuity within the district's geologic setting warrant the designation 'Copper Dome North.' In addition, the Property is adjacent to our 100%-owned Goldrop, an under-explored, historical small-scale producer of high-grade gold and silver. Together, these factors make the Acquisition compelling and well suited to a systematic exploration program."

Copper Dome North Acquisition Terms

The Agreement provides for the 100% acquisition of the Property with no net smelter return royalty (NSR) in consideration for 250,000 common shares of the Company (the "Consideration Shares"), valuing the transaction at $12,500 based on a deemed price of $0.05 per share. The Consideration Shares will be subject to a statutory hold period of four months and one day from the closing of the Acquisition.

Completion of the Acquisition is subject to customary closing conditions and acceptance by the TSX Venture Exchange. The Acquisition does not involve any Non-Arm's Length Parties (as defined in Exchange policies). The Company will not devote the majority of its working capital or resources to the development of Copper Dome North. The primary focus of the Company remains the exploration and future drilling at Copper Dome. As a result, the Acquisition does not constitute a "fundamental acquisition" for the Company within the policies of the Exchange. No finders' fees or commissions are payable in connection with the Acquisition.

Figure 1: Copper Dome Project Map with Newly Acquired Copper Dome North

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10074/269454_8dfa2c44344ed82c_001full.jpg

About Copper Dome

Copper Dome is located in the lower Quesnel Trough porphyry belt, one of British Columbia's most prolific mining districts. It directly adjoins Hudbay Minerals Inc.'s (TSX: HBM) producing Copper Mountain Mine to the north which hosts Proven and Probable Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag (hudbayminerals.com). Multiple mineralized zones have been identified across the Property, with historical drilling confirming high-grade copper associated with northeast-trending structures similar to those hosting mineralization at Copper Mountain.

The Project benefits from excellent infrastructure, enabling year-round access, cost-efficient exploration, and a stable, low-risk jurisdiction.

Historical Work Completed

• Geophysics: 51 km of induced polarization (IP); airborne magnetic and electromagnetic (EM) coverage over ~50% of the Property
• Sampling: 2,253 soils and 378 rocks collected
• Drilling: 8,900+ m of diamond drilling
• Trenching: Over 1 km excavated

With a five-year drill permit in place, the Company is focused on advancing the Project toward drill-ready target definition.

About Canada One

Canada One Mining Corp. is a Canadian junior exploration company focused on copper-the critical metal powering the global energy transition. The Company advances projects from discovery through resource definition with disciplined, data-driven exploration and responsible practices. Its flagship Copper Dome Project, located in the well-established Quesnel Trough Porphyry Belt, targets multiple porphyry copper-gold systems. Canada One aims to deliver sustainable growth and long-term value for shareholders and local communities.

Acknowledgement

Canada One acknowledges that Copper Dome is located within the traditional, ancestral and unceded territory of the Smelqmix People. We recognize and respect their cultural heritage and relationship to the land, honoring their past, present and future.

Qualified Person

The technical information contained in this news release has been reviewed and approved by David Mark, P.Geo., an independent Qualified Person for the purposes of National Instrument 43-101.

Contact Us

For further information, interested parties are encouraged to visit the Company's website at www.canadaonemining.com, or contact the Company by email at info@canadaonemining.com, or by phone at 1.877.844.4661.

On behalf of the Board of Directors of
CANADA ONE MINING CORP.

Peter Berdusco
President
Chief Executive Officer
Interim Chief Financial Officer

Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269454

FAQ

What did Canada One (COMCF) announce on October 7, 2025?

Canada One announced it agreed to acquire a 4,836-hectare property named Copper Dome North adjacent to Copper Mountain.

How much did the Copper Dome project grow after the COMCF acquisition?

The acquisition increases the Copper Dome project by approximately 60%, to 12,833 hectares from 7,997 ha.

What are the terms of the Copper Dome North acquisition for COMCF?

The vendor will receive 250,000 common shares at a deemed $0.05/share, valuing the transaction at $12,500.

Is there a royalty on the Copper Dome North property acquired by COMCF?

No. The Agreement specifies no net smelter return (NSR) royalty on the acquired property.

When will the Copper Dome North acquisition close for COMCF?

Closing is subject to customary conditions and acceptance by the TSX Venture Exchange; no closing date was specified.

Will Canada One devote major capital to developing Copper Dome North (COMCF)?

No. The company said it will not devote the majority of its working capital or resources to Copper Dome North.