Vancouver, British Columbia District Copper Corp. (TSXV: DCOP) ("District Copper" or the "Company") is pleased to announce that it has entered into an option agreement (the "Agreement") dated October 2, 2025, with Sokoman Minerals Corp. ("Sokoman") regarding the Company's 25% interest in the Stony Lake Gold Property, located in central Newfoundland.
Under the terms of the Agreement, Sokoman may acquire District Copper's 25% interest in the Stony Lake Property by issuing to the Company a total of 500,000 common shares of Sokoman, subject to receipt of all necessary regulatory approvals.
Additionally, District Copper is pleased to announce that it will be proceeding with a private placement financing of up to $350,000 (the "Financing") through the issuance of 4,666,666 units at a price of $0.075 per unit ("Unit"). Each Unit will consist of one share and one transferable share purchase warrant ("Warrant"), with each Warrant being exercisable at a price of $0.12 for period of 2 years from the date of issuance. In circumstances where, at any time after the expiry of the four month hold period, the Company's stock trades at $0.20 or greater for 20 consecutive trading days, District Copper may give notice accelerating the expiry date of the exercise period of the Warrants to that date which is 10 days from the date of such notice.
The funds will be used for general working capital purposes, exploration on the Company's 100% owned Copper Keg project in BC and potential new acquisition/option opportunities. The Corporation may pay finder's fees of 8% cash and 8% warrants on the private placement, or a portion thereof.
Jevin Werbes, Chief Executive Officer of District Copper, commented:
"We are pleased to complete this transaction with Sokoman Minerals, a company with extensive experience and proven exploration success in Newfoundland. This agreement allows District Copper to retain exposure to future discovery upside through its share position in Sokoman while freeing up resources to focus on our other exploration and development opportunities."
The Stony Lake Gold Property, located within the prolific Exploits Subzone of Newfoundland's central gold belt, lies adjacent to Sokoman's Moosehead Gold Project. Following completion of the agreements with both K9 Gold Corp. and District Copper, Sokoman will hold a 100% interest in the Stony Lake Property, consolidating the district and enhancing exploration efficiency across the region.
About District Copper
District Copper is a Canadian company engaged in the exploration for porphyry copper deposits in south-central British Columbia.
For further information, please visit www.districtcoppercorp.com to view the Company's profile, or contact Jevin Werbes at 604-363-2506.
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Jevin Werbes, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release 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. This news release is not for distribution in the United States or over United States newswires.
Cautionary Statement on Forward-Looking Statement
Certain information contained in this news release, including information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". Actual results may differ materially from those indicated by such statements. All statements, other than historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
In connection with the forward-looking information contained in this news release, District Copper has made numerous assumptions regarding, among other things: the geological advice that District Copper has received is reliable and is based upon practices and methodologies which are consistent with industry standards and the reliability of historical reports. While District Copper considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause District Copper's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the dimensions and shape of the Gossan may not be as estimated; the veining, alteration and styles of mineralization may not be indicative of porphyry style mineralization; the petrographic and geochemical studies may not be completed as planned or at all; additional surface exploration programs may not be completed; uncertainties relating to interpretation of the outcrop sampling results; the geology, continuity, and concentration of the mineralization; the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals.
A more complete discussion of the risks and uncertainties facing District Copper is disclosed in District Copper's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and District Copper disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
