Coast Copper acquires ground adjacent to Copper Kettle

Canada NewsWire

TSX.V: COCO

VANCOUVER, BC , Aug. 31, 2026 /CNW/ -- Coast Copper Corp. ("Coast Copper" or the "Company"; (TSXV: COCO) is pleased to announce that it has entered into an agreement to purchase a mineral tenure covering prospective ground (the " Asset Purchase Agreement ") adjacent to its 100% owned Copper Kettle property (" Copper Kettle "; see Figure 1) from an arms-length individual (the " Vendor "). Details of this purchase are noted below. In addition, the Company also announces that it has completed field work on its 100% owned Anyox Area projects, Toodoggone projects and its Knob Hill NW property. Additional field work in the coming weeks is being planned on the Company's 100% owned Sully, Rock Canyon South and Rock Candy North properties, all located in the Kootenay area, and its Scottie West property located in the Golden Triangle, BC.

Adam Travis, CEO comments : "We are pleased to be able to add prospective ground on trend of our Copper Kettle property and adjacent to BHP's Island Copper mining lease and Northisle Copper and Gold. While continuing to complete advanced geological modeling of Copper Kettle (see news release May 7, 2026 ), we have completed geophysical and sampling programs on some of our non-core British Columbia assets and continue to monitor the large programs being undertaken by our neighbours including Northisle, Scottie Resources, Goliath Resources, TDG Gold, Surge Copper, Imperial Metals, Rokmaster Resources and PJX Resources. Where appropriate, we intend to monetize selected non-core projects in a manner similar to our past deals such as vending Borealis to Hi-View Resources and Ben Nevis to Talisker Resources while maintaining our focus on advancing our flagship assets."

Asset Purchase Agreement

Coast Copper will issue the Vendor 300,000 common shares of the Company at a deemed price of $0.345 Canadian (" C ") per share, representing aggregate deemed consideration of C$103,500. No cash consideration or exploration expenditure commitment is required.

Coast Copper will grant the Vendor a 2% net smelter return (" NSR ") royalty over the purchased claim. The NSR royalty will not apply to portions of the claim where another mineral interest has priority with respect to production, including the senior mining leases associated with the former Island Copper mine 1 .

Coast Copper may reduce the NSR royalty from 2% to 1% by paying the Vendor C$1,000,000. Coast Copper may further reduce the NSR royalty from 1% to 0.5% by making an additional payment of C$2,000,000.

The common shares issued to the Vendor will be subject to applicable statutory and TSX Venture Exchange resale restrictions. Closing is subject to customary closing conditions, including but not limited to, approval of the TSX Venture Exchange. No finder's fee is payable in connection with the transaction.

Copper Kettle Modelling Update

Coast Copper is advancing geological and copper-equivalent exploration-target modelling for the Copper Kettle property. This study is progressing well and is being refined through ongoing technical review.