World Copper sets closing date for spin-out and consolidation

Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - World Copper Ltd. (TSXV: WCU) (OTCID: WCUFF) (FSE: 7LY) (" World Copper " or the " Company ") announces that the previously announced spin-out transaction (the " Spin-Out ") of all of the Company's interests in its Chilean subsidiaries, along with certain assets and liabilities of the Company, to a wholly owned subsidiary of the Company, World Copper Holdings Ltd., formerly 1581602 B.C. Ltd. (" Spinco "), by way of a court-approved plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the " Arrangement "), is expected to close on July 20, 2026 at 12:01 a.m. Pacific Time. Prior to the completion of the Arrangement and effective on July 17, 2026, the Company will complete a consolidation of its issued and outstanding common shares (each, a " World Copper Share ") on the basis of twenty (20) pre-consolidation World Copper Shares for one (1) post-consolidation World Copper Share (the " Consolidation ").

The Company's post-Consolidation CUSIP and ISIN numbers will be 98144X207 and CA98144X2077, respectively. As of the date of this news release, the Company has 263,031,067 World Copper Shares issued and outstanding and the Company expects that it will have approximately 13,151,545 World Copper Shares issued and outstanding on a post-Consolidation basis, with any fractional shares resulting from the Consolidation rounded down to the nearest whole number. The World Copper Shares will begin trading on a post-Consolidation basis at market open on July 17, 2026.

Upon closing of the Arrangement, World Copper shareholders (" World Copper Shareholders ") will each receive, in exchange for each post-Consolidation World Copper Share held prior to closing, one (1) new common share of World Copper (each, a " New World Copper Share ") and one (1) Spinco common share (each, a " Spinco Share "). The Company's post-Arrangement CUSIP and ISIN numbers for the New World Copper Shares will be 98144X306 and CA98144X3067, respectively. In order to receive the New World Copper Shares and Spinco Shares, registered World Copper Shareholders must complete, execute and deposit with Endeavor Trust Corporation, the depositary appointed in respect of the Arrangement, the letter of transmittal (the " Letter of Transmittal ") previously mailed to the registered World Copper Shareholders and their respective certificate(s) / DRS advice(s) representing their World Copper Shares and any other required documents and instruments, all in accordance with the instructions provided in the Letter of Transmittal.

The Letter of Transmittal is also available on World Copper's website and under World Copper's SEDAR+ profile at www.sedarplus.ca . Non-registered World Copper Shareholders whose World Copper Shares are registered in the name of a broker, investment dealer, bank or other intermediary or nominee (each, an " Intermediary ") should contact their Intermediary for assistance in depositing their World Copper Shares. Further information on the Spin-Out and Arrangement can be found in the Company's management information circular dated May 20, 2026 (the " Circular "), filed on the Company's website and on the Company's SEDAR+ profile at www.sedarplus.ca .