Announcement • Jul 24

Fitzroy Minerals Intersects 111.9 M At 0.97% Cu from 21.1 M, Including 18.0 M At 1.59% Cu from 84.0 M At the Buen Retiro Copper Project, Chile

Fitzroy Minerals Inc. provided an update on drilling at the Buen Retiro Copper Project, Copiapó, Chile ("Buen Retiro" or the "Project"). Drilling is ongoing with three diamond drill ("DD") rigs at site and a Reverse Circulation ("RC") rig. The 1.7 km trend of copper mineralization to the southwest of the historical Manto Negro open pit has been renamed "Tenorita". Results from 15 drill holes in the Tenorita area are reported here. Highlights: Drill hole BRT-DDH072 returned 111.9 m @ 0.97% Cu from 21.1 m, including 18.0 m @ 1.59% Cu from 84.0 metres. Drill hole BRT-DDH070 returned 147.7 m @ 0.41% Cu from 26.3 m, including 47.0 m @ 0.88% Cu from 113.0 metres. Fitzroy has completed 78 diamond drill holes for a total of 13,036 metres since the start of February 2026. Drilling with four drill rigs at the Project is ongoing. Currently one DD rig is drilling shallow sulphides north of the historical Manto Negro pit ("Manto Negro") in an area that has been renamed "Ortuzar", another DD rig is testing the southern extension of the Manto Negro pit in an area that has been renamed "Nativo", the third DD rig is drilling the northeast extension of the Tenorita area, and the RC rig is drilling regional exploration targets. Fitzroy will complete a further 9,000 m of drilling in 2026 with three key objectives. One aim is to advance the Tenorita area to Measured, Indicated, and Inferred resource categories adequate to support a robust mine-life for inclusion in the Pre-Feasibility Study. A second aim of the drilling plan is to define Inferred resources elsewhere on the Buen Retiro Property. The third aim of the drilling plan is to test new exploration targets at Buen Retiro.Drill hole 72 returned 111.9 metres at 0.97% Cu from 21.1 metres depth, including three sub- intervals of note: 19 metres at 1.50% Cu from 32 metres, 18 metres at 1.59% Cu from 84 metres, and 18 metres at 1.91% Cu from 111 metres. Drill hole 70 returned 147.7 metres at 0.41% Cu from 26.3 metres depth, including 47 metres at 0.88% Cu from 113 metres, and 27 metres at 1.20% Cu from 133 metres.

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Fitzroy Minerals Intersects 111.9 M At 0.97% Cu from 21.1 M, Including 18.0 M At 1.59% Cu from 84.0 M At the Buen Retiro Copper Project, Chile

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