Algo Grande Copper raises $3 million for Phase II expansion at Adelita

Algo Grande Copper Announces $3 Million Private Placement to Fund Expansion of Phase II Exploration Program at the Adelita Project

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VANCOUVER, BC / ACCESS Newswire / August 13, 2026 / Algo Grande Copper Corp. ("Algo Grande" or the "Company") (TSXV:ALGR)(OTC PINK:ALGRF)(FRA:KM00) announces a non-brokered private placement (the "Offering") of up to 5,000,000 common shares in the capital of the Company (the "Shares") at a price of $0.60 per Share, for gross proceeds of up to $3,000,000, to fund continued exploration at the Adelita Project. Proceeds from the Offering will be used to expand the Company's ongoing exploration program on its 100%-owned Adelita Project in Sonora, Mexico, as well as for additional operating costs and general working capital requirements.

The Offering follows a series of recent technical updates at Adelita, including the Company's August 11, 2026 announcement of expanding copper mineralization in Holes 2 and 3 of the ongoing Phase II drill program at Cerro Grande, where two drill rigs are currently active. Initial core samples were delivered to ALS's Hermosillo laboratory on August 7, 2026, with assay results expected in the coming weeks (see news release dated August 11, 2026).

In connection with the Offering, the Company may pay certain eligible finders (each, a "Finder") a cash commission equal to 6% of the aggregate gross proceeds raised from those purchasers introduced by such Finder and issue that number of common share purchase warrants (each, a "Finder Warrant") equal to 6% of the number of Shares purchased by those purchasers introduced by such Finder. Each Finder Warrant will entitle the holder thereof to acquire a Share (each, a "Finder's Warrant Share") at an exercise price of $0.60 per Finder's Warrant Share for a period of 24 months from the date of issuance.

Securities issued in the Offering will be subject to a four-month hold period in accordance with applicable securities laws, which will expire four months and one day from the date of closing of the Offering. The Offering is not subject to a minimum aggregate number of subscriptions. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including approval of the TSX Venture Exchange.

Enrico Gay, CEO of Algo Grande, commented: "In under a year, we have gone from a data package to a fully staffed team on the ground, advancing Adelita across exploration, infrastructure, and community relationships. The results to date in our phase II drill program give us confidence to expand our exploration program and continue advancing the project with momentum."

The Company expects that certain insiders of the Company (the "Insiders") may participate in the Offering. The participation of Insiders may constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101.

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