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VANCOUVER, British Columbia, Sept. 08, 2026 (GLOBE NEWSWIRE) — King Copper Discovery Corp. (“King Copper” or the “Company”) (TSX-V: KCP, OTCQB: TBXXF, FSE: 3RIO) has completed site visits and the required technical reviews with the selected drilling contractors bidding on the Company’s fully-funded diamond drilling program at its Colquemayo Copper Project (“Colquemayo” or the “Project”) in Moquegua, southern Peru. The completion of the contractor selection process will position the Company to proceed toward the commencement of a fully-funded drill program. The Company recently announced the approval of its Declaración de Impacto Ambiental (“DIA”) permit that allows for 36,000 metres of diamond drilling from 40 drill platforms across 59 drill holes.

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  • Fully-funded 36,000m diamond drilling program
  • Drilling contractors identified and competitive evaluation process well advanced following the completion of site visits and detailed technical and logistical planning
  • Priority porphyry targets defined across the approximately 12-kilometre by 4-kilometre Colquemayo system, including the Amata-Cairani, Coripuquio and Yanarico targets, following extensive relogging and reinterpretation of approximately 20,000 metres of historical drilling and other geological data.

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The drilling contractors, all of whom have immediate drill rig availability, were identified and selected to bid on the program based on their technical capabilities, experience drilling to similar depths, and their established track records. The process included site visits, technical evaluations and detailed planning related to site conditions, drilling requirements, equipment and logistics.

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In accordance with King Copper’s sustainable development policies and commitments, bidders are being evaluated on their proposals for local employment and procurement of goods and services from local suppliers. These aspects will be addressed through a Social Management Plan, submitted as part of each bidder’s proposal.

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Each bidder has also been required to provide details of its proposed approach to community engagement, including how it intends to interact with local communities during the execution of the drilling campaign.

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With the contractor selection process well advanced, King Copper continues to complete the remaining pre-mobilization requirements to commence drilling.

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Jonathan Richards, Chief Executive Officer, commented: “The Company continues to advance towards our inaugural 36,000-metre drill program at Colquemayo. This program represents our first opportunity to systematically test the broader potential of a large mineralized system that has already demonstrated significant high-grade copper mineralization through historical drilling. Over the past year, our technical team has defined the initial priority porphyry targets that warrant comprehensive testing. With the drill program fully funded and the DIA permit achieved, we are completing the remaining pre-mobilization requirements to commence drilling. This next phase of work is targeted to be transformational for King Copper and we are excited to be entering this period in such a strong position.”