Copper Lake Resources Ltd. Engages ICP Securities Inc. for Automated Market Making Services

Rhea-AI Summary

Copper Lake Resources (OTCQB: WTCZF) engaged ICP Securities to provide automated market making using its ICP Premium® algorithm, in line with TSX Venture rules. ICP receives C$7,500 per month under a 12‑month contract starting June 18, 2026, with monthly auto‑renewal, no performance factors, and no equity compensation. ICP is arm's length, may trade Copper Lake shares, and funds its own trading costs.

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Positive

• Engages ICP Securities for automated market making using ICP Premium® algorithm
• Defined 12-month initial term starting June 18, 2026 with structured renewal
• No stock options or additional securities-based compensation to ICP
• ICP is arm's length to the company and funds its own trading costs

Negative

• Ongoing cash cost of C$7,500 per month plus taxes for services
• Agreement auto-renews monthly unless at least 30 days’ notice is given

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Toronto, Ontario--(Newsfile Corp. - June 18, 2026) - Copper Lake Resources Ltd. (TSXV: CPL) (FSE: W0I0) ("Copper Lake" or the "Company") is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium® in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of June 18^th, 2026, and is for twelve (12) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

ABOUT ICP SECURITIES INC.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

ON BEHALF OF THE BOARD OF COPPER LAKE RESOURCES LTD.

Terry MacDonald, Chief Executive Officer
Phone: 416-561-3626

https://www.copperlakeresources.com

ABOUT COPPER LAKE RESOURCES

Copper Lake Resources Ltd. is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario.

The Marshall Lake high-grade VMS copper, zinc, silver and gold project, comprises an area of approximately 220 square km located 120 km north of Geraldton, Ontario and is just 22 km north of the main CNR rail line. Copper Lake has an 82.97% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells staked in 2018 and 2020 that are 100% owned and not subject to any royalties. These newer claims add approximately 30 square km to the property.

In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100% owned by the Company and are not subject to any royalties. The Sollas Lake property consists of 20 claim cells comprising an area of 4 square km on the east side of the Marshall Lake property where historical EM airborne geophysical surveys have outlined strong conductors on the property hosted within the same favorable felsic volcanic units. The Summit Lake property currently consists of 100 claim cells comprising an area of 20.5 square km, is accessible year-round, and is located immediately west of the original Marshall Lake property. The Marshall Lake project is located in the traditional territories of Aroland and Animbiigoo Zaagi'igan Anishinaabek ("AZA") First Nations.

Copper Lake has a 69.79% joint venture interest in the Norton Lake nickel, copper, cobalt, and palladium PGM property, located in the southern Ring of Fire area, is approximately 100 km north of the Marshall Lake Property. The Company filed an updated NI 43-101 in October 2023 with a mineral resource of open pit and underground Measured + Indicated Resources of 1,795,000 tonnes at an average grade of 0.72% NI, 0.69% Cu, 339 ppm Co, 0.52 g/t Pd, 0.17 g/t Pt and containing 28.3Mlbs of nickel and 27.3Mlbs of copper. The Norton Lake property is located in the traditional territories of Eabametoong ("Fort Hope") and Neskantaga First Nations.

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.

Cautionary Statement on Forward-Looking Information

This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301967

FAQ

What automated market making agreement did Copper Lake (OTCQB: WTCZF) announce on June 18, 2026?

Copper Lake announced a 12-month automated market making agreement with ICP Securities. According to Copper Lake, ICP will use its ICP Premium® algorithm to help address temporary supply-demand imbalances in the company’s shares, operating under TSX Venture Exchange policies and applicable legislation.

How much will Copper Lake (WTCZF) pay ICP Securities for market making services?

Copper Lake will pay ICP Securities C$7,500 per month plus applicable taxes. According to Copper Lake, this fixed monthly fee covers ICP’s automated market making services, while ICP itself is responsible for its trading costs when buying or selling Copper Lake shares in the market.

What are the key terms and duration of Copper Lake’s (WTCZF) market making contract with ICP?

The ICP agreement has a 12-month initial term starting June 18, 2026. According to Copper Lake, it automatically renews for one-month additional terms unless either party gives at least 30 days’ written notice before the end of the initial or any additional term.

Does ICP Securities receive equity or performance-based compensation from Copper Lake (WTCZF)?

ICP does not receive stock options or other securities-based compensation from Copper Lake. According to Copper Lake, the engagement includes no performance factors, and ICP funds its own market making trades, with compensation limited to the stated monthly cash fee plus applicable taxes.

How might ICP’s market making activity affect trading in Copper Lake (WTCZF) shares?

ICP’s activity is intended primarily to address temporary supply-demand imbalances in Copper Lake shares. According to Copper Lake, ICP may acquire an interest in the company’s securities while acting as an arm’s length party and bearing its own costs for market making transactions.