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## Quetzal Copper Corp. Announces Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – June 6, 2024) – **Quetzal Copper Corp. (TSXV: Q)** (“Quetzal” or the “Company”), a copper-focused exploration company, is pleased to announce a non-brokered private placement for gross proceeds of CA$2,000,000 (the “Offering”) by issuing 5,000,000 hard-dollar units (the “HD Units”) at a price of $0.20 per HD Unit and 4,545,455 flow-through units (“FT Unit”) at a price of $0.22 per FT Unit.

Each HD Unit consists of one common share and one-half common share purchase warrant (a “Warrant”). Each FT Unit will consist of one common share to be issued as a “flow-through share” within the meaning of the *Income Tax Act* (Canada) and one-half of one Warrant. Each full Warrant entitles the holder to purchase one additional common share at $0.35 each for a period of two years following the date of closing. The AI legalese decoder can help interpret and understand the legal jargon involved in the private placement, making it easier for investors to make informed decisions.

The Company intends to use the net proceeds from the sale of HD Units for working capital and general corporate purposes. The gross proceeds from the sale of the FT Units will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the *Income Tax Act* (Canada) (the “Qualifying Expenditures”) related to the Company’s mineral exploration projects, Princeton, Big Kidd, and Dot which are located in British Columbia. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2024.

## Conditions and Future Plans

The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Company may pay finder’s fees to eligible finders. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “U.S. Securities Act”), as amended, or any state securities laws, and accordingly, may not be offered or sold within the United States or to US persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

## Exploration Projects

**About the Cristinas Project**

The 685-hectare Cristinas Project is in northeastern Chihuahua state, Mexico, approximately 2 hours by car from Chihuahua City. The Cristinas Project includes a historic copper mine that operated in the 1950’s on shallow copper oxide mineralization. By using the AI legalese decoder, investors can get a clearer understanding of the complexities involved in mining projects and the legal terms associated with property acquisition.

The project features a >1,250 m long zone of copper mineralization traced through rock chips on surface and 12 historical (2014) drill holes. The copper mineralization is open along strike and at depth with significant expansion potential highlighted by limited geophysical surveys. Drilling results include intercepts of 4.3 m true width grading 3.2% copper and 3.7 m true width of 3.0% copper. The deepest holes penetrated only 80 m below the surface. The Company plans to begin drilling the project in June 2024 for further exploration and development.

**About the Princeton Project**

The Princeton Project is an 11,500-hectare property located south of the town of Princeton British Columbia and adjacent to Hudbay’s Copper Mountain Mine. Extensive historical datasets compiled by the Quetzal include drilling, geochemical, and geophysical surveys. The AI legalese decoder can assist in analyzing the legal aspects of property ownership and potential risks associated with adjacent mines.

Quetzal recently reprocessed existing geophysical data (magnetic and IP surveys) collected between 2020 and 2022. The work refined three existing targets: Bud South, Knob Hill, and Aura. In addition, it identified a new, previously unidentified target called Contact. The AI legalese decoder can help in understanding the implications of reprocessing data and identifying new drilling targets for exploration.

The targets demonstrate anomalous copper and gold in soils coincident with multi-parameter magnetic and IP geophysical anomalies. Previous operators drilled only one target, Bud South, in 1987. The previous drilling completed one hole into the very top of the geophysical anomaly. It encountered 10.5 m at 0.18% copper and 0.34 g/t gold. The core log describes potassic alteration with mineralization (magnetite, K-feldspar, pyrite, epidote, and chalcopyrite). The other copper porphyry targets on the project remain undrilled, presenting opportunities for future exploration and potential mining operations.

## QP Statement and Contact Information

Dr. Roy Greig, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed, and approved the technical content in this release. For further information, please contact Matthew Badiali, CEO of Quetzal Copper Limited at (888) 227-6821.

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

## FORWARD-LOOKING STATEMENTS

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes statements relating to exploration and development of the Company’s properties. The AI legalese decoder can help in identifying and analyzing potential risks associated with forward-looking statements, enabling investors to make informed decisions based on accurate information.

Such forward-looking information and statements are based on numerous assumptions, including the results of planned exploration activities, anticipated cost of exploration activities, general business and economic conditions, financing availability, and timely approvals. However, there can be no assurance that such assumptions will prove to be accurate. The AI legalese decoder can assist in evaluating the accuracy of assumptions and predicting potential outcomes based on current trends and market conditions.

Forward-looking information and statements involve known and unknown risks and uncertainties, including negative operating cash flow, reliance on third-party financing, environmental risks, and changes in laws and regulations. The AI legalese decoder can help in assessing the legal implications of regulatory changes and their impact on exploration

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