CBE Consolidates Premier Sierra Atacama Cu District Position

• Cobre acquires 100% interest in 25 mining concessions adjacent to Sierra Atacama Project
• Acquisition expands footprint along northern Chilean IOCG copper belt
• Mining Concessions cover extensions of highly mineralised Sierra Atacama structural corridor

Cobre Ltd has entered into a binding option agreement with Vision Global Investments S.A. to acquire 100% interest in 25 mining concessions totaling 6,820 hectares immediately adjacent to its Sierra Atacama Copper Project in Chile. This acquisition significantly expands Cobre's land position in the highly mineralised Sierra Atacama structural corridor, providing potential for additional copper discoveries. The agreement allows Cobre to acquire full ownership through staged payments over three years, starting with an initial payment of US$200,000 upon signing and culminating in a final payment of US$1,500,000 on the third anniversary. The mining concessions cover geological units comparable to those hosting mineralisation at Sierra Atacama, offering a compelling exploration analogue. Cobre's CEO, Adam Wooldridge, highlighted the strategic importance of this acquisition in establishing a district-scale copper platform in a premier copper-producing region.