Sully

On February 12, 2024, Coast Copper announced it had staked the Sully mineral claims (“Sully” or the “Property”) adjacent to PJX Resources Inc.’s (“PJX”) recent massive sulphide zinc, lead and silver discoveries located approximately 35 kilometers (“km”) east of the past producing Sullivan Mine (which was in operation from 1900 to 2001) near Kimberley BC.

The Sully property is located adjacent to PJX (see Figure 1) where it announced that it recently discovered significant zinc and lead mineralization in outcrops that further supports the potential to discover a Sullivan type mineral occurrence on the PJX property. The Sully property covers ground that hosts the strike extension to the north of the favourable Aldridge Formation, cross structures to the northeast and additional ground to the east of the PJX discovery. Historical regional geochemical surveys (“RGS”)¹ on the Sully property have returned anomalous results of silver and lead in-stream sediments³ which warrant further investigation as well as follow up on the 1999 discovery of tetrahedrite (silver mineral) in brecciated limestone at the Red Zone and unexplained lead, zinc, silver and gold anomalies in soils to the north.  Rock grab sample 125679 taken in 1999 by Mr. Travis returned 1.675 grams per tonne (“g/t”) gold, 228 g/t silver, 3.83% copper, 3,010 parts per million (“ppm”) lead and 4,270 ppm zinc² and attest to exploration potential of the area within 10 km of the new PJX Discovery.

On August 14, 2024 the Company announced that it had completed an option agreement (the “Option Agreement”) with an arms-length individual (the “Optionor”) for additional ground adjacent to the Company’s 100% owned Sully property and PJX Resources Inc.’s (“PJX”) Dewdney Trail property¹. This ground when combined with the Sully property totals 14,112 hectares, covering prospective ground in the historical Sullivan camp.

Option Agreement Terms

Under the terms of the Option Agreement, Coast Copper can acquire a 100% interest in the property by making a cash payment of $5,700 and issuing a total of 500,000 common shares of the Company in three tranches over a 2-year period as follows:

- 100,000 common shares to the Optionor as soon as practicable following receipt of TSX Venture Exchange (“TSX-V”) approval of the Option Agreement;

- 150,000 common shares to the Optionor on or before the first anniversary date of the date of the Option Agreement; and

- 250,000 common shares to the Optionor on or before the second anniversary date of the date of the Option Agreement.

Upon receiving final TSX-V approval, the Company will make the cash payment of $5,700 and issue the first tranche of common shares of the Company to the Optionor. The Optionor will retain a 1% net smelter return royalty on the optioned property.

There are no property expenditure requirements in relation to the Option Agreement other than to keep the claims in good standing.

The Option Agreement is subject to TSX-V approval and all shares issued under the Option Agreement will be subject to a hold period expiring four months and one day from the date of issuance.

February 12, 2024: Coast Copper Acquires Ground Adjacent to PJX Resources New Sullivan Syle Miineralization Discovery

June 18, 2024: Coast Copper Doubles the Size of its Sully Property Adjacent to PJX Resources

August 14, 2024: Coast Copper Options Additional Ground Adjacent to its Sully Property and Completes Exploration Work on Properties

September 23, 2024: Coast Copper Receives Positive Geochemical Results from Generative Exploraiton Program