General Copper Gold Corp. Announces Increase To Proposed Financing

May 21, 2026 8:00 AM EDT | Source: General Copper Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - General Copper Gold Corp. (CSE: GGLD) (OTC Pink: GNRGF) (FSE: 7S50) (the "Company") announces that the proposed private placement, previously announced on May 5, 2026, has been oversubscribed. The Company proposed to complete a private placement of units of the Company at a price of CDN$0.05 per unit for gross proceeds of not less than CDN$1,500,000. Each unit shall be comprised of one common share in the capital of the Company and one-half of one common share purchase warrant. Each whole common share purchase warrant shall entitle the holder thereof to acquire a common share in the capital of the Company at a price of CDN$0.10 per share for a period of 12 months.

As a result of the oversubscription, the Company has increased the size of the offering to up to CDN$1,750,000. Other than the increase in the size of the offering, the terms and conditions of the private placement have not been amended. The proposed private placement remains subject to Canadian Securities Exchange (" CSE ") approval.

All of the securities to be issued under the private placement will be subject to a four month resale restriction. The Company may pay a cash finder's fee on a portion of the private placement to eligible persons seeking subscribers to the offering, all in accordance with applicable securities laws and the policies of the CSE.

The net proceeds from the private placement will be used for the purposes of exercising the option under an option agreement dated May 4, 2026 (the " Agreement ") with Frantier Mining Namibia (Proprietary) Limited pursuant to which the Company has been granted the sole, exclusive and irrevocable option to acquire an eighty percent (80%) undivided interest in an application for an exclusive prospecting license covering approximately 48,500 hectares of land situated in Namibia, to advance exploration on the Company's Topley Richfield copper-gold property in British Columbia and for general corporate purposes. If the Company is not able to complete the private placement and obtain all necessary approvals, then it will not be able to satisfy its obligations under the Agreement and the Company will not be able to exercise the option under the Agreement.

About General Copper Gold Corp.

General Copper Gold Corp. is an independent mineral exploration company based in Vancouver, British Columbia that is engaged in the business of exploring for and evaluating mineral properties.

General Copper Gold is currently exploring the 2,313 hectare Topley Richfield copper-gold property in British Columbia. Topley Richfield is a historic mining area with previous work carried out in 2008, 2015 as well as geophysical surveys in 2021. There are significant historical drilling intercepts and the 2021 geophysics has highlighted further key highly prospective areas that have yet to be explored. Multiple drill targets have already been identified by the Company.

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