Cupani intercepts Cu-Ni-PGE sulphide 1.3 km southeast of zone

Canada NewsWire TORONTO , June 3, 2026 /CNW/ - Cupani Metals Corporation ("Cupani" or the "Company") (CSE: CUPA) (OTCQB: CUPIF) is pleased to announce preliminary results for two of the 6 holes drilled as part of their 2026 Phase One winter drill campaign. This 1,345-meters Phase One program was mainly focused on drilling wide spaced holes to the southeast extension of the historical Blue Lake Ni-Cu-PGE deposits. The last two holes of the program hit Cu-Ni-PGE mineralisation near the base of the ultramafic complex some 1.3 kilometers South-East from the historical mineralised zones.

These initial results provide confirmation that the mineralisation continues to the South-East along the high potential corridor which remains open and untested for at least 16 kilometers. Highlights CUP26-06  : 2.35 meters @ 1.74% CuEq (0.98% Cu, 0.59% Ni, 0.14 g/t Pt, 0.62 g/t Pd) CUP26-05  : 0.5 meters @ 1.32% CuEq (0.45% Cu, 0.56% Ni, 0.14 g/t Pt, 0.76 g/t Pd) Jacquelin Gauthier, Cupani's VP Exploration, offers the following comment: "This first Cupani drill program confirms that Cu-Ni-PGE mineralization extends southeastward beyond the historical mineralized zones. It provides compelling validation of our new geological interpretation, which identifies a sub-horizontal, untested High-Potential Corridor stretching at least 16 kilometers from the known zones.

The systematic drill-testing of this corridor will be one of our key strategic priorities over the coming years." Blue Lake 2026 winter drilling program In mid March, the company announced the commencement of drilling on its 100% owned Blue Lake project (March 18 press release). Four holes drilled on the Southeast extension of the known mineralisation hit massive to semi-massive sulphides at or near the base of the ultramafic complex as described in press release of 29 April 2026 ( CLICK HERE ). This Cup