29 OCTOBER, 2025 | VANCOUVER, BC

Tribeca Resources Signs Definitive Option Agreement to Acquire the Jiguata Porphyry Copper Property in Northern Chile

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources” or the “Company”) is pleased to announce that, further to the Company's news release dated June 19, 2025, it has entered into a definitive option agreement dated October 28, 2025 (“Option Agreement”) with private arm’s length vendors (the “Project Vendors”) to acquire a 100% interest in the 10,000 hectare Jiguata Porphyry Copper property (the “Jiguata Property”) over a period of 5 years (the “Purchase Option”).

The Jiguata Property, located in northern Chile, 120km north of the major mining company controlled Collahuasi and Quebrada Blanca mines (Figure 1), will be progressed in parallel with the Company’s two existing projects: La Higuera (the “La Higuera Property”) and Chiricuto (the “Chiricuto Property”), both located in the Chilean Coastal IOCG Belt.

Highlights:

Tribeca Resources CEO, Dr. Paul Gow commented:

“We are very pleased to have now signed the definitive Option Agreement for this exciting porphyry copper exploration opportunity at Jiguata. Following the successful financing last week, preparations now are underway to commence fieldwork at Jiguata in the coming weeks.”

“The next twelve months will be a period of high activity for Tribeca, with drilling planned at our cornerstone La Higuera Property as well as at the Jiguata Property. Our now expanded portfolio of three high potential Chilean copper projects positions Tribeca Resources to capitalise on growing interest in quality copper exploration.”

The Jiguata Property option agreement

Tribeca has entered into a 5-year Option Agreement, giving it the right, but not the obligation, to acquire a 100% interest in the Jiguata Property. Tribeca has made a payment to the vendors of US$25,000 in connection with signing of the definitive Option Agreement, and will reimburse the Project Vendors approximately US$44,000 for the 2025 licence fee already paid by them.  Under the terms of the Option Agreement, the total consideration and required work commitments, as applicable, will be as follows on a yearly basis:

1) If the Purchase Option is maintained 2) If the Purchase Option is exercised

 

Upon exercise of the Purchase Option (which remains at the sole discretion of the Company), the Project Vendors will retain a 2.0% net smelter return royalty (the “NSR Royalty”) over the Jiguata Property. Tribeca will have a right to repurchase 100% of the NSR royalty for US$20 million.

For more information regarding the terms of the Option Agreement, please see the Company’s press release dated June 19, 2025.

The Jiguata Property (see Figure 1 below) comprises 34 exploration concessions covering 10,000 hectares and is located in the northern extension of the Eocene-Oligocene metallogenic belt of northern Chile (Figure 1), where it has been overprinted by the Miocene magmatic belt. The prolific Eocene-Oligocene Belt hosts the giant Collahuasi, Chuquicamata and Escondida deposits.

The project area encompasses a large advanced argillic alteration zone (25 square km) hosted within a volcanic tuffaceous unit under a thin blanketing cover of fresh unaltered Miocene dacitic volcanic rocks dated at approximately 9-5 Ma. The alteration zone has been exposed via erosional windows in the overlying Miocene volcanic rocks.

Tribeca Resources plans to extend the historic mapping and surface sampling and undertake additional geophysics prior to proceeding with drilling at the Jiguata Property. Tribeca Resources will be the operator of the project.

Figure 1. Location of the Jiguata Property (10,000 hectares) in the Eocene-Oligocene metallogenic belt of northern Chile, where it is overprinted by the younger Miocene belt.

Tribeca confirms that there are no finder’s fees payable in connection with the entering into of the Option Agreement. The Company’s entry into the Option Agreement and any future acquisition within the Jiguata Property remains subject to the approval of the TSX Venture Exchange (the “TSXV”).

Finder’s Fee in Connection with the Company’s Non-Brokered Private Placement Offering

In connection with the closing of the Company’s non-brokered private placement offering of units further described in its news release dated October 23, 2025 (the “Offering”), the Company previously announced that it had paid an aggregate of approximately $248,694 and issued finder’s warrants to acquire up to an aggregate of 1,184,257 common shares of the Company (the “Finder’s Warrants”) as finder’s fees to certain eligible finders in consideration for introducing certain purchasers to the Company. The Company wishes to clarify that it has also paid an additional $3,717 and issued an additional 17,700 Finder’s Warrants as finder’s fees to certain eligible finders. As a result, the Company paid an aggregate of approximately $252,411 and issued an aggregate of 1,201,957 Finder’s Warrants to eligible finders in connection with the Offering.

Qualified Person

All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property, the Chiricuto Property and the Jiguata Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera, Chiricuto or Jiguata Properties.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Property that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.

On behalf of Tribeca Resources Corporation

Paul Gow   Thomas Schmidt
CEO and Director   President and Director
admin@tribecaresources.com   admin@tribecaresources.com
+1 604 685 9316   +1 604 685 9316


Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information contained in this press release include statements regarding the Option Agreement in respect of the Jiguata Property, the ability to obtain TSXV approval in respect of the Option Agreement and the Offering, the ability of the Company to develop and define suitable drill targets at the Jiguata and La Higuera Properties, the relationship between geophysical survey results and potential mineralization, the ability of the Company to raise appropriate funding to complete the work program at the Jiguata and La Higuera Properties and other future plans and objectives of the Company, including other exploration projects.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others,: the ability of the Company to obtain TSXV approval in respect of the Option Agreement and the Offering, the ability of the Company to pay the purchase price as well as any other payments required by the Option Agreement, the risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management,  and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and the anticipated work performed on the Company’s projects.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

 

 

 

 

 

 

23 OCTOBER, 2025 | VANCOUVER, BC

Tribeca Resources Closes Upsized C$6.5 Million Non-Brokered Private Placement Offering

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement offering of units of the Company (“Units”), pursuant to which the Company issued 30,903,183 Units at a price of $0.21 per Unit for aggregate gross proceeds of $6,489,668.43  (the “Offering”).

Tribeca Resources CEO, Dr. Paul Gow commented:

"The overwhelming and global interest, which led to a significant oversubscription of this Offering, is a strong validation of our growth strategy and the exceptional potential of our growing portfolio of Chilean copper exploration assets. As well as strong support from our current shareholder base, we are extremely pleased to welcome a diverse, international group of new shareholders who share our vision for the Company.

“Closing this financing with such momentum puts us in an excellent position to pursue aggressive exploration and drilling programs with the objective of delivering for all stakeholders.”

Each Unit comprises one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable by the holder thereof to acquire one additional Share (each, a “Warrant Share”, and together with the Units, Shares and Warrants, the “Securities") at an exercise price of $0.30 if exercised within the first 12 months following the Closing Date and $0.40 if exercised within the subsequent 12-month period, for a total exercise period of 24 months from the Closing Date; provided that: (i) the Warrants shall not be exercisable within the initial 60-day period following the Closing Date, and (ii) the Company will have the right to accelerate the expiry of the Warrants in the event the Shares trade on the TSX Venture Exchange (the “TSXV”) (or any such other stock exchange in Canada as the Shares may trade at the applicable time) at a volume weighted average trading price ("VWAP") of $0.50 or more per Share for a ten (10) consecutive trading day period.

The Units issued under the Offering were offered to purchasers pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption and therefore the Securities issued under the Offering are not subject to a hold period pursuant to applicable Canadian securities laws. There is an amended and restated offering document (the “Offering Document”) related to this Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.tribecaresources.com.

The proceeds from the Offering will be primarily used to advance the Company’s La Higuera IOCG project (the “La Higuera Project”), with additional funds allocated to the planned initial exploration and drilling activities at the exciting new Jiguata Project. The Jiguata Purchase Option (as defined below) remains under review by the TSXV and there is no certainty that the Company will obtain the necessary regulatory approvals, including approval of the TSXV, in respect of the Jiguata Purchase Option.

Tribeca Resources intends to use the net proceeds from the Offering as follows:

Description of intended use of

available funds

Estimated allocation of funds
Expenditures relating to exploration activities at the La Higuera Project(1) $1,868,000
Exploration activities at the Jiguata project (the “Jiguata Project”)(2) $1,573,000
Reserved for results-dependent follow-up drilling at the La Higuera Project / the Jiguata Project(2) $1,331,000
Business development $181,000
General and administrative $894,000
Unallocated working capital $382,000
TOTAL: $6,229,000

(1) The Company does not currently intend to use the available funds to complete its option to acquire the Gaby target, as more fully described in the Offering Document (the “Gaby Acquisition”). Any decision to pursue the Gaby Acquisition is at the Company’s sole discretion and will require the Company to make a final one-time payment of US$1,550,000.00 on September 15, 2026 (the “Gaby Option Payment Date”) subject to (i) any further negotiation between the Company and the vendor party participating in the Gaby Acquisition (the “Vendor”) for the purpose of extending the Gaby Option Payment Date; and (ii) the Company obtaining additional financing (in addition to the Offering) to complete the Gaby Acquisition. The Vendor is not an insider, associate or affiliate of the Company.

(2) The Company only intends to use the part of the available funds as detailed above for exploration activities at the Jiguata Project if it obtains the necessary regulatory approvals, including approval of the TSXV, to enter into the option to purchase 100% of the Jiguata Project (the “Jiguata Purchase Option”), as more particularly set forth in the Offering Document. In the event that the Company does not obtain all necessary regulatory approvals or approval from the TSXV, the Company will use certain proceeds currently contemplated for the Jiguata Project for other purposes as set out herein and in the Offering Document. The Jiguata Purchase Option remains under review by the TSXV and there is no certainty that the Company will obtain the necessary regulatory approvals, including approval of the TSXV, in respect of the Jiguata Purchase Option. The Company confirms that it has obtained and retained all required consents from purchasers in the Offering in respect of the Jiguata Purchase Option.

In connection with the Offering, the Company paid an aggregate of approximately $248,694 and issued finder’s warrants to acquire up to an aggregate of 1,184,257 Shares (the “Finder’s Warrants”) as finder's fees to certain eligible finders in consideration for introducing certain purchasers to the Company. Each Finder’s Warrant entitles the holder to acquire one Share at a price of $0.21 per Share for a period of twenty-four months. The Finder’s Warrants, and Shares issuable upon exercise of the Finder’s Warrants, are subject to a statutory four-month hold period pursuant to applicable Canadian securities laws.

The Offering remains subject to the final approval of the TSXV.

Related Party Disclosure

Certain insiders of the Company subscribed for approximately $936,046 worth of Units in the Offering. This participation by insiders constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions (“MI 61-101”). The Company has relied on applicable exemptions from the formal valuation and minority approval requirements in Sections 5.5(a), 5.5(b) and 5.7(1)(a), respectively, of MI 61-101. No new insiders were created, nor has there been any change of control, as a result of the Offering. The Company did not file a material change report with respect to the insiders’ participation more than 21 days before the expected closing of the Offering, as the details and amounts of the insider participation were not finalized until closer to the closing and the Company wished to close the Offering as soon as practicable for sound business reasons.

Wildeboer Dellelce LLP acted as legal counsel to Tribeca in connection with the Offering.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing copper assets in northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading copper expertise including a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia, and porphyry-copper project and business development experience in Papua New Guinea, the Philippines, Peru, Argentina and Chile.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR+ on October 24, 2022.

On behalf of Tribeca Resources Corporation


Paul Gow
 
Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316


Cautionary Note

Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Securities issued pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information contained in this press release may include, but are not limited to, the approval of the Offering by the TSXV, the ability of the Company to obtain the necessary regulatory approvals, including TSXV approval, to enter into the Jiguata Purchase Option, and the planned use of proceeds for the Offering.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the ability to obtain regulatory approval for the Offering, the ability to obtain the necessary regulatory approvals, including TSXV approval, to enter into the Jiguata Purchase Option, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Additional risks and uncertainties regarding the Company are described in its publicly-available disclosure documents, filed by the Company on SEDAR+ at www.sedarplus.com.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Cautionary Statement Regarding Forward-Looking Information” in the Company’s Offering Document dated as of October 15, 2025, which is available for view on SEDAR+ at www.sedarplus.com.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

15 OCTOBER, 2025 | VANCOUVER, BC

Tribeca Resources Upsizes Previously Announced Non-Brokered Private Placement to C$6.5 Million and Provides Clarification Regarding Prior Announcement

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources” or the “Company”) is pleased to announce that, due to strong investor demand, it has upsized its previously announced non-brokered private placement from up to 23,809,523 units of the Company (“Units”) for aggregate gross proceeds of up to $5,000,000, to up to 30,952,380 Units for aggregate gross proceeds of up to $6,500,000, at a price of $0.21 per Unit (the “Offering”). The Offering remains subject to a minimum aggregate subscription amount of $2,000,000 (the “Minimum Offering Amount”).

Each Unit will be comprised of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable by the holder thereof to acquire one additional Share (each, a “Warrant Share”, and together with the Units, Shares and Warrants, the “Securities") at an exercise price of $0.30 if exercised within the first 12 months following the Closing Date (as defined below) and $0.40 if exercised within the subsequent 12-month period, for a total exercise period of 24 months from the Closing Date; provided that: (i) the Warrants shall not be exercisable within the initial 60-day period following the Closing Date and (ii) the Company will have the right to accelerate the expiry of the Warrants in the event the Shares trade on the TSX Venture Exchange (the “TSXV”) (or any such other stock exchange in Canada as the Shares may trade at the applicable time) at a volume weighted average trading price ("VWAP") of C$0.50 or more per Share for a ten (10) consecutive trading day period.

Subject to compliance with applicable regulatory requirements, the Offering is being completed pursuant to the listed issuer financing exemption (“LIFE”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Securities issued under the Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an amended and restated offering document (the “Amended Offering Document”) related to this Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.tribecaresources.com. Prospective investors should read this Amended Offering Document before making an investment decision.

The Company previously announced that it intended to use some of the gross proceeds of the Offering for exploration activities at the Company’s La Higuera project (the “La Higuera Project”) and the Jiguata Project (as defined below), and for general working capital purposes. The Company wishes to clarify that the gross proceeds of the Offering will only be used for exploration activities at the Jiguata Project if it: (i) raises more than the Minimum Offering Amount; and (ii) obtains the necessary regulatory approvals, including approval of the TSXV, to enter into the option to purchase 100% of the Jiguata Project. In the event that the Company does not obtain all necessary regulatory approvals or approval from the TSXV, the Company will use certain proceeds currently contemplated for the Jiguata Project for other purposes as further set out in the Amended Offering Document. There is no certainty that the Company will raise the Minimum Offering Amount or that it will obtain the necessary regulatory approvals, including approval of the TSXV, to enter into the option to purchase 100% of the Jiguata Project.

In connection with the Offering, the Company may, at its sole discretion, pay finder's fees consisting of: (i) Shares or cash in an amount equal to up to 6% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company; and (ii) finder’s warrants in an amount equal to up to 6% of the number of Shares issued pursuant to this Offering from subscribers introduced by such finders to the Company in accordance with applicable securities laws and the policies of the TSXV.

The closing of the Offering may be completed in one or more tranches and is expected to close by October 29, 2025 (the “Closing Date”). The closing of the Offering is subject to certain closing conditions, including the approval of the TSXV.

It is anticipated that certain directors and management of the Company (“Insiders”) will participate in the Offering. The participation of any insiders may be considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a), 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the specified exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the Securities to be distributed to the insiders will not exceed 25% of the Company's market capitalization.

Jiguata Project Definitive Agreement and Due Diligence Period

As previously announced in the Tribeca Resources news releases dated June 19, 2025 and October 7, 2025, the Company signed a letter of intent (the “LOI”) to enter into an option to purchase a 100% interest in the Jiguata project, a 10,000 hectare exploration property located 120 km north of the Collahuasi copper-molybdenum mine in northern Chile (the “Jiguata Project”).  The LOI was amended on August 5, 2025, and September 30, 2025, to extend the Company’s due diligence period and the deadline to execute a definitive purchase option agreement by 15 days and 30 days, respectively, resulting in a new deadline of October 31, 2025, for the Company to execute a definitive purchase option agreement. The Company is continuing to work towards finalizing a definitive purchase option agreement in respect of the Jiguata Project, which it expects to complete on or before October 31, 2025; however, there is no guarantee that the Company will enter into a definitive purchase option agreement on the terms currently contemplated by the Company, or at all. The Company’s entry into the option to purchase a 100% interest in the Jiguata Project has not been approved by the TSXV as of the date hereof.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing copper assets in northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading copper expertise including a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia, and porphyry-copper project and business development experience in Papua New Guinea, the Philippines, Peru, Argentina and Chile.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR+ on October 24, 2022.

On behalf of Tribeca Resources Corporation

Paul Gow   Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316


Cautionary Note

Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information contained in this press release may include, but are not limited to, the terms and completion of the Offering, the ability to raise the minimum and maximum amounts of the Offering, the payment of finder’s fees and issuance of finder’s securities, the anticipated Closing Date and the planned use of proceeds for the Offering.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the ability to obtain regulatory approval for the Offering, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Additional risks and uncertainties regarding the Company are described in its publicly-available disclosure documents, filed by the Company on SEDAR+ at www.sedarplus.com.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Cautionary Statement Regarding Forward-Looking Information” in the Company’s Amended Offering Document dated as of the date hereof, which is available for view on SEDAR+ at www.sedarplus.com.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

7 OCTOBER, 2025 | VANCOUVER, BC

Tribeca Resources Announces Non-Brokered Private Placement of up to C$5M

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 23,809,523 units of the Company (“Units”) at a price of $0.21 per Unit, for aggregate gross proceeds of up to $5,000,000 (the “Offering”). The Offering is subject to a minimum aggregate subscription amount of $2,000,000.

Each Unit will be comprised of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable by the holder thereof to acquire one additional Share (each, a “Warrant Share”, and together with the Units, Shares and Warrants, the “Securities") at an exercise price of $0.30 if exercised within the first 12 months following the Closing Date (as defined below) and $0.40 if exercised within the subsequent 12-month period, for a total exercise period of 24 months from the Closing Date; provided that: (i) the Warrants shall not be exercisable within the initial 60-day period following the Closing Date and (ii) the Company will have the right to accelerate the expiry of the Warrants in the event the Shares trade on the TSX Venture Exchange (the “TSXV”) (or any such other stock exchange in Canada as the Shares may trade at the applicable time) at a volume weighted average trading price ("VWAP") of C$0.50 or more per Share for a ten (10) consecutive trading day period.

Subject to compliance with applicable regulatory requirements, the Offering is being completed pursuant to the listed issuer financing exemption (“LIFE”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Securities issued under the Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the “Offering Document”) related to this Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.tribecaresources.com. Prospective investors should read this Offering Document before making an investment decision.

The Company intends to use the gross proceeds of the Offering for exploration activities at the Company’s La Higuera project (the “La Higuera Project”) and the Jiguata Project (as defined below), and for general working capital purposes, all as more particularly set forth in the Offering Document.

In connection with the Offering, the Company may, at its sole discretion, pay finder's fees consisting of: (i) Shares or cash in an amount equal to up to 6% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company; and (ii) finder’s warrants in an amount equal to up to 6% of the number of Shares issued pursuant to this Offering from subscribers introduced by such finders to the Company in accordance with applicable securities laws and the policies of the TSXV.

The closing of the Offering is expected to occur on or about October 29, 2025 (the “Closing Date”). The closing of the Offering is subject to certain closing conditions, including the approval of the TSXV.

It is anticipated that certain directors and management of the Company (“Insiders”) will participate in the Offering. The participation of any insiders may be considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a), 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the specified exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the Securities to be distributed to the insiders will not exceed 25% of the Company's market capitalization.

Jiguata Project Definitive Agreement and Due Diligence Period

As announced in the Tribeca Resources news release of June 19, 2025, the Company entered into a letter of intent (“LOI”) to acquire 100% of the Jiguata porphyry copper project (the “Jiguata Project”) located in Chile. The deadline for entering into a definitive agreement for the acquisition has been extended to October 31, 2025.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing copper assets in northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading copper expertise including a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia, and porphyry-copper project and business development experience in Papua New Guinea, the Philippines, Peru, Argentina and Chile.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR+ on October 24, 2022.

On behalf of Tribeca Resources Corporation

 

Paul Gow   Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316


Cautionary Note

Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information contained in this press release may include, but are not limited to, the terms and completion of the Offering, the ability to raise the minimum and maximum amounts of the Offering, the payment of finder’s fees and issuance of finder’s securities, the anticipated Closing Date and the planned use of proceeds for the Offering.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the ability to obtain regulatory approval for the Offering, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Additional risks and uncertainties regarding the Company are described in its publicly-available disclosure documents, filed by the Company on SEDAR+ at www.sedarplus.com.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Cautionary Statement Regarding Forward-Looking Information” in the Company’s Offering Document dated as of the date hereof, which is available for view on SEDAR+ at www.sedarplus.com.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

19 JUNE, 2025 | VANCOUVER, BC

Tribeca Resources to Acquire Option Over Jiguata Porphyry Copper Project in Chile

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce it has entered into a letter of intent (“the LOI”) with private vendors (the “Project Vendors”) to acquire a 100% interest in a 10,000 hectare property (the “Jiguata Property”) over a period of 5 years. The Jiguata property, located in northern Chile, 120km north of the major mining company controlled Collahuasi and Quebrada Blanca mines (Figure 1), will be progressed in parallel with the Company’s two existing projects: La Higuera and Chiricuto.

Highlights:

Tribeca Resources CEO, Dr. Paul Gow commented:

“We are delighted to be acquiring this significant landholding of 10,000 hectares, which hosts two near drill-ready targets, and extensive blue sky potential that has only been lightly explored. This is an extensive alteration system in northern Chile, a district that hosts truly world-class porphyry copper deposits. The system is exposed through an erosional window in the thin overlying younger Miocene volcanics, whose presence is part of the reason, we believe, that this part of the northern extension of the Chilean Eocene-Oligocene Belt has not been adequately explored. While the project is at an altitude of approximately 4400m, the excellent access and infrastructure and the relatively benign winter at this far northern latitude makes for exploration access much of the year.”

“The pre-existing geoscience database at the project fits with the Tribeca strategy of seeking projects with recognised indications of a potential mineralized system and a well populated database so that drill targets can be firmed up in short order. We look forward to working from this LOI to complete the acquisition over the coming months and commence fieldwork.”

 

Figure 1. Location of the Jiguata Property (10,000 hectares) in the Eocene-Oligocene metallogenic belt of northern Chile, where it is overprinted by the younger Miocene belt.

The Jiguata Property

Highlights

The Jiguata Property is located in the northern extension of the Eocene-Oligocene metallogenic belt of northern Chile (Figure 1), where it has been overprinted by the Miocene magmatic belt. The prolific Eocene-Oligocene Belt hosts the giant Collahuasi, Chuquicamata and Escondida deposits, while the Miocene Belt, further to the south, hosts many of the current crop of high-profile Chilean-Argentine porphyry copper projects including Filo del Sol, Valeriano, Encierro and Altar.

The project area encompasses a large advanced argillic alteration zone (25 square km) hosted within a volcanic tuffaceous unit under a thin blanketing cover of fresh unaltered Miocene dacitic volcanic rocks dated at approximately 9-5 Ma (Figure 2). The alteration zone has been exposed via an erosional window in the overlying Miocene volcanic rocks. The age of the tuffaceous unit hosting the alteration is unknown age but likely Eocene-Oligocene or Miocene. Within the alteration zone, previously unmapped feldspar-biotite-(hornblende) bearing porphyritic units are recognised. The alteration zone is representative of a lithocap and dominated by epithermal mineralogy and textures (e.g. extensive quartz-alunite alteration and the presence of steam-heated, chalcedonic silica and quartz ledges), although porphyry-style veins are present at surface and propylitic alteration and quartz stockwork is recorded from shallow historic drilling. The historic drilling comprised two reverse circulation (RC) drill holes that were completed in 1993 to depths of 250m and 300m. The drill holes appear to have been targeted at silica ‘ledges’ within a large soil molybdenum anomaly (to 867ppm Mo in soils) in the incised valley. Highly anomalous Mo was recorded in the drill holes (e.g. 248m @ 255ppm Mo in drill hole 3546), with copper above background at 250 ppm. Various copper or molybdenum sulphide minerals have been reported from the drilling, including chalcopyrite, bornite, chalcocite and molybdenite.

Figure 2. Oblique view to the NE of the incised advanced argillic alteration system at Jiguata (pale rocks) hosting mapped porphyritic units (in red). A thin cover of Miocene volcanic rocks (dark sub-horizontal unit) cover this alteration zone. The two historic RC drill holes from Codelco (250m and 300m depth) are shown in the southern valley floor.

IP surveying was completed on six one kilometer-spaced lines over part of the project area in 2014, delineating two large chargeability anomalies which coalesce to form a zone of 1.5km x 5km at >20 mV/V (Figure 3), with associated high- and low-resistivity zones, which comprise high-priority near-term drill targets.

The project area is traversed by an existing good quality maintained road (97-B) which is partly asphalted, allowing for rapid access within 3 ½ hours (220km) from the port city of Iquique via the Collahuasi access road (highway 65). The altitude in the project area generally ranges between 4200m-4600m, but the northerly latitude of the project provides only short interruptions to access for exploration activities, with a variably short snow season in July-August and a rainy period (“Bolivian winter”) in January-February. Other companies holding exploration tenure in the general area include, Vale, Codelco, BHP, Teck, Glencore and Antofagasta Minerals.

Tribeca Resources plans to undertake further mapping, surface sampling and additional geophysics prior to proceeding with drilling at the Jiguata Property.

Figure 3. Location of IP survey lines shown relative to the large advanced argillic alteration zone at the Jiguata Project . The modelled chargeability sections are shown for lines 5000N and 6000N, which host two high chargeability drill targets. The deep purple colors on the sections represent chargeability values of approximately 30 mV/V.

Key Transaction Terms

The key terms under which Tribeca Resources has the right, but not the obligation, to acquire a 100% interest in the Jiguata Property (the "Purchase Option”) are as follows:

With the exception of the reimbursement of 2025 mining licence fees (approximately US$44,000) to the Project Vendors and the US$25,000 payment on signing of a definitive agreement, all payments and work commitments are optional; Tribeca Resources will not be obliged to make any payments or complete any work should it elect not to maintain or execute the Purchase Option.

Tribeca Resources will be the operator of the project. The transaction is subject to approval of the TSX Venture Exchange.

Chiricuto Project final drill results

Assay results were reported from the first three holes (CHR001 TO CHR003) at the Chiricuto project in the northern Atacama region on 7 May 2025, and included the intersection in CHR001 of a thick (>400m) interval of porphyry-style veining and alteration with a strong sulphide component and three 10-12m intervals of 0.10-0.12% copper with gold up to 0.53 g/t. Final assay results have now been received from the final two holes at Chiricuto (CHR004 and CHR005). The holes tested the weaker southern portion of the IP anomaly drilled by CHR001.  Both holes intersected altered andesite and monzodiorite with lesser sulphide and copper mineralization, with the best copper-bearing intervals being:

This final data is now being integrated to understand if potential for higher grade copper mineralization exists related to the porphyry-style alteration system intersected in holes CHR001,  CHR004 and CHR005.

More detailed information including drilling location maps and drill hole collar details can be found in the news release from Tribeca dated 7 May 2025.

La Higuera Project update

Tribeca intends to recommence drilling at the La Higuera Project in 2H 2025. Targets have been identified from geophysical data and historic drilling under gravel cover on the flanks of the Chirsposo Sur target system, and as follow-up drilling from the 2024 Phase 2 drill program at the Gaby IOCG discovery. Further information on these proposed programs will be released as available.

Qualified Person

All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property, the Chiricuto Property and the Jiguata Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera, Chiricuto or Jiguata Properties.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing copper assets in northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading copper expertise including a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia, and porphyry-copper project and business development experience in Papua New Guinea, the Philippines, Peru, Argentina and Chile.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.

On behalf of Tribeca Resources Corporation

Paul Gow   Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316


Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the LOI, the transaction and the Company’s Purchase Option of the Jiguata Property, the ability of the Company to develop and define suitable drill targets at the Jiguata Property, the relationship between geophysical survey results, alteration observed at surface and in drilling and potential mineralization, the ability of the Company to raise appropriate funding to complete the work program at the Jiguata, Chiricuto and La Higuera Properties and to fund the acquisition, and other future plans and objectives of the Company, including exploration projects.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others,: the ability of the Company to obtain TSX Venture Exchange approval of the transaction, the ability of the Company to pay the purchase price as well as any other payments required by the LOI, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management,  and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

 

 

7 MAY, 2025 | VANCOUVER, BC

Tribeca Resources Maiden Drill Program Intersects Porphyry-style Mineralization with Encouraging Gold Values at the Chiricuto Property in the Atacama Region of Chile

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to report the completion of a maiden drill program at the Company’s previously undrilled Chiricuto Property (“Chiricuto”) in the Atacama region of northern Chile. Since acquiring an option to purchase a 100% interest in the property in March 2024, Tribeca systematically completed geological mapping, IP-MT geophysical surveying and soil sampling ahead of the now completed drill program.

Highlights:

The results from the drilling expand our understanding of the copper mineralization in the area. The intersection of copper-gold porphyry-style mineralization was unexpected and provides a new target style that has not previously been the focus of exploration in the area. Next steps will be determined once all drill results are received and integrated and the data from the property can be reviewed in the context of this new geological model.

Tribeca Resources CEO, Dr. Paul Gow commented:

“Drilling at Chiricuto has intersected a strong sulphide system associated with breccias and porphyry-style veins. Sulphide is present nearly all the way down the 456m of hole CHR001, and pleasingly with locally high gold values. We now await the assays from the final two holes of the program, which tested southern extensions of the IP/MT target into which hole CHR001 was drilled, to further refine our understanding of the property's mineralization potential."

Chiricuto Property drilling program

The Chiricuto Property is a 570 hectare property located in the established Mantoverde district of the Chilean Coastal Belt, 15 km and 21 km from Capstone Copper Corporation’s Mantoverde mine and Santo Domingo development project, respectively. These two deposits combined host over 1.5Bt of copper-gold mineral resources (Figure 1). The Mantoverde mine produced 35,000 tonnes of copper cathode per in 2024, with a recently completed expansion to process sulphide ores set to increase total production in 2025 to between 97,000 tonnes and 112,000 tonnes of copper.

Tribeca completed a drilling program at Chiricuto that tested two key geophysical targets for copper-gold mineralization. The program comprised five drill holes for 1,586m, with hole depths ranging from 250m to 456m.

IP/MT Target: The first target is characterized by a significant 1.2km-long gradient array Induced Polarization (IP) chargeability anomaly in the northwest of the property (Figure 2). The northern end of the target has a magneto-telluric (MT) low-resistivity anomaly (<200 ohm-m) present from close-to-surface to +500m depth. This zone is coincident with strong gold anomalism in soil (to 0.127 g/t Au) and mapped chlorite-epidote and chlorite-silica alteration at surface.

The target was tested by three 400m-spaced drillholes (CHR001 – 456m, CHR004 – 323m, CHR005 – 250m).  Assay results have been received from CHR001, with the best copper intervals provided in Table 1. CHR001 intersected significant porphyry-style veins and lesser stockwork associated with hydrothermal breccias within an andesite host rock intruded by diorite, monzonite and andesitic dikes (Figure 3a). The vein mineralogy is dominated by quartz or quartz-pyrite, locally with K-feldspar haloes. Actinolite-chlorite-silica alteration is strongly developed, and tourmaline is variably present in the hydrothermal breccias. Chalcopyrite is locally present both disseminated and in veins, commonly with carbonate (Figure 3c). The sulphide system is strong, with sulphide visible throughout much of the 456m in CHR001. Assay results indicate an average sulphide content of approximately 3.8% consistently distributed throughout the entire hole, albeit strongly pyrite-dominated. This strong sulphide system encountered in CHR001 is consistent with the MT low resistivity anomaly present in the 3D inversion in this area. Copper is present in much of the hole at levels of ~600ppm, with three zones of >0.1% Cu (Table 1). Molybdenum and cobalt are variably anomalous and not strongly correlated with copper or gold, but are locally anomalous with maximum individual 2m assay results of 96ppm Mo (from 8m) and 252ppm Co (from 44m), indicating potential for a multi-element mineralization system. Strong iron oxide alteration is not common in CHR001, with only local bands or veins of magnetite or specularite, commonly with pyrite (Figure 3b).

Table 1. Summary of significant copper mineralized intersections in drill hole CHR001

HoleID From (m) To (m) Downhole
Interval (m)
Copper
(%)
Gold
(g/t)
CuEq
(%)
Cobalt
(ppm)
Molybdenum
(ppm)
CHR001 76 86 10 0.12 0.47 0.46 55 16
CHR001 244 260 16 0.10 0.03 0.12 19 15
CHR001 434 446 12 0.11 0.53 0.50 30 <1

Note: Intervals compiled at an approximate 0.1% Cu cut-off. Copper equivalent (“CuEq”) values are calculated using metals reported in situ (100% basis) and only including copper and gold values. Assumptions include metals prices of US$4.00/lb for copper and US$2000/oz for gold. No metallurgical data is available so there are no discounts for recovery. The formula used is as follows: CuEq% = Cu% + 0.72 x Au g/t

Magnetic Target: The second target comprises a large (800m by 400m) and intense (3500nT) ground magnetic anomaly interpreted as sourced by a magnetite alteration system (Figure 2). Two holes (CHR002 and CHR003) were drilled to depths of 260m and 296m, respectively, to test this system. Both holes intersected significant magnetite-actinolite-albite alteration. Copper sulphide (chalcopyrite) is present at trace levels in CHR002 and CHR003, most commonly within, and as haloes to, carbonate veins. Specularite is also locally present in these veins. The highest individual copper assay was 0.16% Cu in a 2-metre sample from 272m in CHR003, with the maximum iron assay for an individual 2-metre sample being 38.3% Fe within an interval of 18m @ 26.1% Fe from 102m in CHR003 (Figure 3d), demonstrating notable iron mineralization.

The collar information for all five holes is provided in Table 2.

Plans for 2025

Tribeca is actively finalizing plans for a Phase 3 drill program at its cornerstone La Higuera IOCG Project, demonstrating its commitment to advancing its key assets.  Concurrently, the company is aggressively pursuing business development initiatives, both near its existing two projects and in Chile more broadly. The company is currently evaluating all available data from the Chiricuto program to determine the best path forward for the property, including potential partnerships and alternative exploration strategies. This comprehensive approach is intended to ensure that Tribeca maximizes the value of its assets while maintaining a disciplined and strategic focus.

Figure 1. Location of the Chiricuto Property. Mineral Resource details for surrounding deposits are shown and sourced as follows: Mantoverde and Santo Domingo - Capstone Copper Estimated Mineral Resources statement dated 31 December 2022 (Measured and Indicated); Sierra Norte – Capstone Copper news release dated 31 July 2024 (Historical Resource - Measured, Indicated and Inferred); Inca de Oro – PanAust Analyst site visit presentation dated 8-10 June 2011 (Measured, Indicated and Inferred).

 

Figure 2. Location of the drill holes reported here in relation to the geological mapping and geophysical data.
Figure 3. Selected core samples from the first three holes at the Chiricuto property. a) Strong veining and stockwork of quartz-pyrite, amphibole-pyrite-tourmaline in monzonite with intense K-feldspar alteration (CHR001 346m), b) Thin 20cm breccia band of IOCG-style alteration comprising amphibole-magnetite-pyrite within andesite. Fine-grained pyrite-chalcopyrite is present in the main vein with coarser euhedral pyrite in the wall rock. (CHR001 433.5m), c) Coarse-grained quartz-carbonate-chalcopyrite vein (CHR001 444m), d) Semi-massive to massive magnetite replacement of andesite, with associated amphibole alteration and significant coarse-grained euhedral pyrite in a partially brecciated host rock (CHR003 119.5m).

 

Table 2. Details of the drill collars from the Chiricuto drill program. Collar coordinates provided using datum/projection WGS84 Zone 19S.

HoleID Easting Northing Elevation Azimuth (mag) Dip Total Depth
CHR001 383950 7061600 1192 90 -70 456.30
CHR002 383800 7060025 1245 90 -60 260.50
CHR003 384280 7060138 1199 270 -65 296.50
CHR004 384105 7061194 1204 270 -60 323.00
CHR005 384415 7060850 1189 270 -60 250.00

 

Notes on sampling and assaying

Analytical samples were produced using ½ HQ core and sent to the Activation Geological Services (AGS) Lab in La Serena, Chile. Preparation included crushing the core samples to 70% < 2.5mm and pulverizing 500g of crushed material to better than 95% < 105 microns. All samples are assayed using 30g nominal weight fire assay with AAS finish (Au-FA30) and a multi-element four acid digest ICP-OES method (OES-TD36). The QA/QC procedure for this drilling program utilizes field duplicates, standards and blanks that comprise approximately 10% of the total samples submitted.

Qualified Person

All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property and the Chiricuto Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera Project and the Chiricuto Property.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.

On behalf of Tribeca Resources Corporation

Paul Gow   Thomas Schmidt
CEO and Director   President and Director
admin@tribecaresources.com   admin@tribecaresources.com
+1 604 685 9316   +1 604 685 9316

Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the relationship between geophysical and geochemical survey results and potential mineralization, the relationship between a pyrite-dominant mineralized system and potential associated copper-gold mineralization, and the operations of the Company.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the ability of the Company to pay the purchase price as well as any other payments required by the Chiricuto Option Agreement, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management,  and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

27 FEBRUARY, 2025 | VANCOUVER, BC

Tribeca Resources to Exhibit and Present at 2025 PDAC Convention in Toronto

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to advise that it will be exhibiting at the annual 2025 Prospectors & Development Association of Canada (PDAC) Convention, the world's premier mineral exploration & mining event.

To learn more about Tribeca Resources’ copper-gold discovery at the La Higuera Project and the strategy behind on-going drilling at the Chiricuto property, we invite you to visit the team at Booth # 3131 in the Investors Exchange, Level 800, at the Metro Toronto Convention Centre, South Building on Sunday March 2nd through Wednesday March 5th.

Further, Tribeca Resources CEO, Paul Gow, will be presenting at the “Chile at PDAC” event, jointly organised by CESCO and Latin Rocks. Details for the event, which will include a presentation from Chile’s Minister of Mining Aurora Williams, are available at https://www.latinrocks.cl/chile-en-pdac-2025. The Tribeca presentation will take place at 10:30am on Monday March 3rd, with no prior registration required.

An updated version of our Corporate Presentation is now available on the Company’s website: http://tribecaresources.com/investors/presentation/

About PDAC

PDAC 2025: The World’s Premier Mineral Exploration & Mining Convention is the leading event for people, companies and organizations connected to mineral exploration. This annual convention in Toronto, Canada is known for attracting up to 30,000 attendees from over 130+ countries for its educational programming, networking events, outstanding business opportunities.

Since it began in 1932, the PDAC Convention has grown in size, stature and influence. Today, it is the event of choice for the world’s mineral industry hosting more than 1,100 exhibitors and 2,500 investors. Visit PDAC’s website for registration and ticketing information

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.

On behalf of Tribeca Resources Corporation

Paul Gow Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316

 

Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

6 FEBRUARY, 2025 | VANCOUVER, BC

Tribeca Resources Commences Maiden Drill Program at Chiricuto Property in Atacama Region of Chile

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to report that drilling has commenced on the Company’s Chiricuto Property (“Chiricuto”) in the Atacama region of northern Chile. This follows systematic completion of geological mapping, geophysics and soil sampling since Tribeca Resources acquired an option to purchase a 100% interest in the property in March 2024.

Highlights:

Drilling activities at the Chiricuto Property will be undertaken in parallel with preparation for further drilling at the Company’s flagship La Higuera Project.

Tribeca Resources CEO, Dr. Paul Gow commented:

“Since Tribeca Resources’ acquisition of a 100% purchase option over the Chiricuto Property ten months ago, our team has worked to systematically complete three streams of pre-drilling activities and has successfully advanced the Chiricuto Property towards this significant milestone.  We are excited to now test these exciting combined geophysical-geochemical targets in this growing copper district that is dominated by Capstone Copper’s significant copper-gold projects.“

Chiricuto Property drilling program

The Chiricuto Property is a 570 hectare property located in the established Mantoverde district of the Chilean Coastal Belt, 15 km and 21 km from Capstone Copper Corporation’s Mantoverde mine and Santo Domingo development project, respectively. These two deposits combined host over 1.5Bt of copper-gold mineral resources (Figure 1). The Mantoverde mine currently produces 35,000 tonnes of copper cathode per annum, with a recently completed expansion to process sulphide ores set to increase total production in 2025 to between 97,000 tonnes and 112,000 tonnes of copper.

Geochemical-geophysical targets, coincident with mapped alteration, at the Chiricuto Property will be tested by an approximate 1,500m diamond drilling program expected to include five drill holes, the first of which has been collared. The objective of this maiden drill programme is to test for significant iron oxide copper-gold (IOCG) mineralization associated with one of the few remaining large iron oxide alteration systems in the district yet to be drill tested.

The two key targets to be tested for copper-gold mineralization comprise i) a large magnetic anomaly in the west of the property, which is expected to be associated with magnetite alteration, and ii) a significant IP chargeability anomaly in the northwest of the property that is generally non-magnetic and is interpreted as potentially associated with hematite alteration.

Figure 1. Location of the Chiricuto Property. Mineral Resource details for surrounding deposits are shown and sourced as follows: Mantoverde and Santo Domingo - Capstone Copper Estimated Mineral Resources statement dated 31 December 2022 (Measured and Indicated); Sierra Norte – Capstone Copper news release dated 31 July 2024 (Historical Resource - Measured, Indicated and Inferred); Inca de Oro – PanAust Analyst site visit presentation dated 8-10 June 2011 (Measured, Indicated and Inferred).

Pre-drilling activities completed at Chiricuto

The pre-drilling activities undertaken during 2024, to identify these targets at Chiricuto, included:

Figure 2. Summary soil geochemistry copper/gold results. The key gradient array IP anomaly in the northwest of the property displays coincident copper and gold anomalism in the soil data. Copper anomalism (to 935 ppm Cu) is also coincident with the strong magnetic anomaly in the central-west area.

Qualified Person

All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property and the Chiricuto Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera Project and the Chiricuto Property.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.

On behalf of Tribeca Resources Corporation

Paul Gow   Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316


Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the relationship between geophysical and geochemical survey results and potential mineralization, the size and timing of the maiden drill program that has commenced, and the operations of the Company.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the ability of the Company to pay the purchase price as well as any other payments required by the Chiricuto Option Agreement, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management,  and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

15 JANUARY, 2025 | VANCOUVER, BC

Tribeca Resources announces encouraging soil geochemistry results coincident with geophysical targets ahead of drilling at Chiricuto

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”) is pleased to announce results from a systematic soil geochemical survey over the geophysical targets at the Chiricuto IOCG Property ("Chiricuto Property") in the Atacama region of northern Chile. Strong copper and gold soil anomalism is present and is associated with Induced Polarization (IP) and ground magnetic targets that are proposed for drilling in the coming months.

Highlights:

Drilling activities at the Chiricuto Property will be undertaken in parallel with preparation for further drilling at the Company’s flagship La Higuera Project.

Tribeca Resources CEO, Dr. Paul Gow commented:

“Integration of the new soil geochemistry data with our recently reported geophysical survey results reinforces our proposed drill targets at Chiricuto. These now represent exciting combined geophysical-geochemical targets in this growing copper district, dominated by Capstone Copper Corp. The very strong gold soil results accompanying the anomalous copper are highly encouraging, and consistent with the metals commonly present in IOCG systems. We look forward to commencing drilling at Chiricuto in the coming month.”

Chiricuto Project overview

The Chiricuto Property is a 570 hectare property located in the established Mantoverde district of the Chilean Coastal Belt, 15 km and 21 km from Capstone Copper Corporation’s Mantoverde mine and Santo Domingo development project, respectively (Figure 1).

The project is located within the andesite-dominated lower unit of the Middle-Upper Jurassic La Negra Formation, which is the same rock unit that hosts the Mantoverde deposit (approximately 1 Billion tonnes of oxide and sulphide copper resource, Capstone Copper MRE dated 31 December 2022 - Measured and Indicated categories). The rocks are in the hanging-wall to a major east-vergent thrust, parallel to, but located between, the regional Atacama and Chivato Fault Systems.

Much of the Chiricuto Property area is located under interpreted thin alluvial or colluvial gravel cover, however outcrop is locally present and hosts several small copper or iron workings and pits.

Figure 1. Location of the Chiricuto Property. Mineral Resource details for surrounding deposits are shown and sourced as follows: Mantoverde and Santo Domingo - Capstone Copper Estimated Mineral Resources statement dated 31 December 2022 (Measured and Indicated); Sierra Norte – Capstone Copper news release dated 31 July 2024 (Historical Resource - Measured, Indicated and Inferred)

The Chiricuto soil sampling program

A systematic 200m x 200m spaced grid soil sampling program was completed over the previously announced geophysical targets at the Chiricuto Property (see Tribeca’s news release dated 29 October, 2024). The objective of the soil survey was to delineate zones of higher copper-gold within the extensive geophysical target area in order to prioritize and refine drill targets for the upcoming drill program. The survey spanned approximately 2.5km x 200m-1,000m of outcropping to sub-cropping area in the northwest of the property (Figure 2). The sampling comprised collection of a 200 gram sample of material finer than 180 microns (-80#) from 30 cm depth. The samples were analyzed at ALS laboratories for a multi-element package plus super-trace gold (ALS code AuME-ST43).

The maximum gold and copper values returned were 935 ppm Cu and 0.127 g/t Au. The maximum copper value was returned from over the intense >3,000 nT magnetic anomaly in the central-west of the property. The second highest copper anomaly was returned from the northwest of the property coincident with a prominent gradient array chargeability anomaly and magneto-telluric (MT) low-resistivity anomaly (Figure 2). Importantly, this zone of copper anomalism also hosts a 400m x 300m zone of gold in soil of >50 ppb Au (0.05 g/t Au), with two samples above 0.1 g/t Au.

Upcoming drilling program

These coincident geochemical-geophysical targets at the Chiricuto Property are planned to be tested by an approximate 1,500m diamond drilling program expected to commence in February. The requisite documentation has been submitted to the appropriate authority (Sernageomin) and the drilling contractor has been appointed.

Figure 2. Summary soil geochemistry copper results. The key gradient array IP anomaly in the northwest of the property displays coincident copper and gold anomalism in the soil data. Copper anomalism (to 935 ppm Cu) is also coincident with the strong magnetic anomaly in the central-west area.

Qualified Person

All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera Property and the Chiricuto Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera Project and the Chiricuto Property.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The Company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca Resources’ flagship property is the La Higuera Project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.

On behalf of Tribeca Resources Corporation

Paul Gow   Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316

Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include statements regarding the relationship between geophysical and geochemical survey results and potential mineralization, the size and timing of the proposed maiden drill program which shall commence in early 2025, and the operations of the Company.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others,: the ability of the Company to obtain TSX Venture Exchange approval of the Agreement, the ability of the Company to pay the purchase price as well as any other payments required by the Agreement, risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management,  and the risk that new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Company’s projects.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

DECEMBER 5, 2024 | VANCOUVER, BC

Tribeca Resources Announces Results of AGM

Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“Tribeca Resources”, the “Company”), is pleased to announce the voting results from its Annual General Meeting of shareholders (the "Meeting") held on December 4, 2024. Shareholders holding 22,366,250 shares or 33.62% of the outstanding shares of the Company were represented in person or by proxy at the Meeting.

The shareholders re-elected Paul Gow, Thomas Schmidt, Nick DeMare, Luis Tondo and Derrick Weyrauch as directors of the Company.

The shareholders also voted in favour of all matters brought before the Meeting including the re-appointment of D&H Group LLP as auditor of the Company for the ensuing year and the continuation of the Company’s rolling 10% equity incentive plan (the "Incentive Plan").  Pursuant to the Incentive Plan, the Company is entitled to grant stock options, restricted share units, performance share units or deferred share units to eligible persons under the Incentive Plan, with the number of common shares issuable thereunder, together with the number of common shares issuable under any other security-based compensation arrangements of the Company, not to exceed 10% of the total number of common shares outstanding from time to time.

Following the Meeting, the directors appointed Paul Gow as Chief Executive Officer of the Company, Thomas Schmidt as President and Nick DeMare as Chief Financial Officer and Corporate Secretary. The Board also appointed Luis Tondo, Derrick Weyrauch and Thomas Schmidt to the audit committee.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information about the La Higuera Project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022. Further, Tribeca holds an option to acquire a 100% interest in the Chiricuto Property.  Chiricuto hosts a rare undrilled iron oxide alteration system in the Mantoverde – Santo Domingo district, located in the Atacama Region within the Chilean Coastal IOCG Belt.

For more information, please contact:

Paul Gow   Thomas Schmidt
CEO and Director President and Director
admin@tribecaresources.com admin@tribecaresources.com
+1 604 685 9316 +1 604 685 9316

Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Tribeca Resources Corporation is a Chile focussed copper explorer developing and growing a portfolio of exploration projects in the Chilean IOCG Belt
Tribeca Resources Corporation
1305 - 1090 West Georgia Street
Vancouver, BC V6E 3V7 Canada
© Tribeca Resources Corporation 2025
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