Algo Grande Copper closes $4.786 million private placement

Algo Grande Copper Closes Oversubscribed Private Placement for $4.786 Million

VANCOUVER, BC / ACCESS Newswire / September 1, 2026 / Algo Grande Copper Corp. ("Algo Grande" or the "Company") (TSXV:ALGR)(OTCID:ALGRF)(FRA:KM00) is pleased to announce that, pursuant to its news releases dated August 13, 2026 and August 26, 2026, it has closed its previously announced non-brokered private placement (the "Offering") of common shares in the capital of the Company (the "Shares"), at a deemed price of $0.60 per Share. The Offering consisted of 7,977,497 Shares for aggregate gross proceeds of $4,786,498.

Proceeds from the offering will be used to fund ongoing drilling and exploration on the Company's 100%-owned Adelita Project in Sonora, as well as for the payment additional operating costs and general working capital requirements.

In connection with the closing of the Offering, the Company paid certain eligible finders (each, a "Finder") aggregate cash commissions of $104,020 and issued an aggregate of 238,950 common share purchase warrants (each, a "Finder Warrant"). Each Finder Warrant entitles 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 until the date that is two years after issuance.

Securities issued in the Offering are 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.

Certain insiders of the Company (the "Insiders") subscribed for an aggregate of 123,333 Shares for aggregate gross proceeds of $73,998 in the Offering. The Insiders' participation constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from the valuation requirements and minority shareholder approvals in MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the value of the Insiders' participation in the Offering does not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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