Koryx Copper Announces Further Drill Results at the Haib Copper Project in Southern Namibia

Highlights 

• Assay results reported for 15 drill holes comprising 6,825m of infill and expansion drilling.
• Consistent, wide intercepts incl. 318m @ 0.49% CuEq (162 – 480m) and 220m @ 0.40% CuEq (32-252m) with higher grades across multiple holes (incl. 12m @ 2.55% CuEq (from surface), 10m @ 1.78% CuEq and 32m @ 1.06% (from 224m)) - among the best grades drilled at Haib to date.
• Best 6 of 15 drill hole assay intersections as follows:

	• HM178:		669m @ 0.33% CuEq (53ppm Mo, 0.027g/t Au) (0 – 669m)
		incl.	318m @ 0.49% CuEq (162 – 480m)
	• HM180:		732m @ 0.30% CuEq (84ppm Mo, 0.023g/t Au) (0 – 732m)
		incl.	286m @ 0.37% CuEq (446 – 732m)
		and	10m @ 0.45% CuEq (48 – 58m)
		and	20m @ 0.42% CuEq (96 – 116m)
		and	26m @ 0.61% CuEq (136 – 162m)
	• HMRC009:		642m @ 0.30% CuEq (96ppm Mo, 0.018g/t Au) (0 – 642m)
		incl.	108m @ 0.40% CuEq (302 – 410m)
		and	49m @ 0.42% CuEq (249 – 298m)
	• HMRC008:		558m @ 0.29% CuEq (22ppm Mo, 0.024g/t Au) (0 – 558m)
		incl.	14m @ 0.59% CuEq (246 – 260m)
	• HM158:		609m @ 0.29% CuEq (61ppm Mo, 0.009g/t Au) (0 – 609m)
		incl.	374m @ 0.34% CuEq (0 – 374m)
	• HM179:		261m @ 0.27% CuEq (16ppm Mo, 0.040g/t Au) (0 – 261m)
		incl.	32m @ 1.06% CuEq (224 – 256m)

                      

LUXEMBOURG, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Koryx Copper S.A. (TSX:KRY.V) (NSX:KYX) (OTCQX:KRYXF) (“Koryx” or the "Company") is pleased to announce assay results from 15 drill holes (6,825m) received as part of the ongoing infill and expansion drill program on the wholly-owned Haib Copper Project (“Haib” or the “Project”) in southern Namibia.

Haib is a massive, disseminated porphyry Cu/Mo/Au deposit and is envisaged to produce a Cu and Mo concentrate via large-scale open pit mining and conventional sulphide milling and flotation.

Heye Daun, Koryx Copper’s President & CEO commented: “We continue to receive excellent drill assay results from our PFS infill drill program which has recently concluded. Once again, most of the drill results display very wide intercepts, including some high grades from surface. Whilst drilling has completed, assay results are still coming in and further results are expected in the next few weeks. The geological modelling and estimation for the updated MRE and PFS has commenced and we are on track to publish an MRE update and PFS study results before the end of 2026. We are very excited about how the PFS technical work is unfolding and we expect the PFS to describe a significantly optimized and improved project scope with corresponding improvements in the technical and economic metrics of the Haib copper project.”

Infill and Expansion Drill Results

Target Area 2:

Figure 1: Plan view indicating recent drill hole locations. Results indicated in black are shown on the long section below

Figure 2. Long section showing fifteen drillhole intersections relative to the model for CuEq% Intercepts

Target Area 1

HM176 was drilled in the southeast of Target 1, outside the main mineralisation. While generally a lower-tenor hole, it delivered a near-surface hit of 18m @ 0.44% Cu from 38m, including 4m @ 0.87% Cu. This correlates with HM154 (previously reported), showing further eastward extension of this mineralisation. Mo grades are low, as is typical of this area.

In line with the current model, HM184 returned several stacked mineralised zones over 452m, headlined by 28m @ 0.44% Cu from 288m and 6m @ 1.12% Cu from 442m. Molybdenum grades are low but increase with depth. Tungsten is present sporadically, with one 2m interval returning 0.375% W.

HM187 is positioned on the eastern edge of Target 1 and returned only narrow, modest-grade zones, the best being 6m @ 0.36% Cu from 130m. Molybdenum is low-grade throughout.

HMRC004 is located in the north of Target 1 and correlates with the existing copper model, starting in high-grade material with 6m @ 1.27% Cu from 0m, followed by a broader 66m @ 0.31% Cu from 62m. Molybdenum is largely absent, while gold is evident, with two samples returning 0.216g/t and 0.156g/t over 2m respectively.

HMRC007 returned consistent, moderate-grade mineralisation in multiple zones from surface to depth, the widest being 52m @ 0.29% Cu from 232m, including 6m @ 0.54% Cu from 276m. As this is an infill hole, results are largely in line with expectations, although the 26m @ 0.29% Cu from 434m is some 70m vertically below the limit of the current Cu model and represents, to some extent, new mineralisation. Mo is absent, while Au is present at slightly elevated levels deeper in the borehole, providing support to the CuEq grade at depth.

HMRC008 is an infill hole showing excellent Cu mineralisation from surface, with 12m @ 2.39% Cu from surface, including 2m @ 8.01% Cu (the highest grade returned yet at Haib) from 4m. Deeper, multiple Cu zones are reported, the widest of which are 94m @ 0.32% Cu from 16m and 22m @ 0.42% Cu. W is present sporadically, the best of which is 6m @ 0.064% W.

Target Area 2

HM158 was drilled northwards from the centre of Target 2 and returned 374m @ 0.30% Cu from surface. Multiple higher-grade intervals (≥0.37% Cu) are present, varying in thickness from 4m to 14m. Results for Cu are largely as expected. Mo starts relatively low but is well developed between 60m and 300m, providing significant support to the CuEq value here.

HM178 is one of the standout holes, with a broad 318m @ 0.44% Cu from 162m, including 10m @ 0.92% Cu from 214m and 8m @ 1.06% Cu from 240m. Averaging 0.29% Cu over its full 669m, molybdenum is well developed from 160m down the hole, providing good support for the CuEq. Gold is also present, with two 4m intervals returning >0.1g/t Au. Tungsten occurs sporadically in multiple narrow zones, with grades between 0.012% and 0.022% W.

HM179 was drilled in the south of Target 2 and delivered high-grade copper only at the base of the hole: 32m @ 0.96% Cu from 224m, including 10m @ 1.65% Cu from 234m. This zone is also associated with gold, returning two 4m intervals at 0.10g/t and 0.13g/t Au, as well as 10m @ 0.18g/t Au. This is one of the highest-grade Cu and Au intersections returned yet at Haib, and its location, some 70m south of the current Cu model, points to an as-yet-undetected lobe of high-grade mineralisation, though its impact on mineral resources still needs to be determined. Mo is absent for the entire hole.

HM180 is an infill hole that was oriented to intersect the deepest parts of known Target 2 mineralisation, which it has done, correlating well with the existing copper model. Within the first 160m, Cu grades are high, with multiple zones at about 0.4% Cu and higher, the best of which is 26m @ 0.55% Cu. The widest intersection, 286m @ 0.31% Cu from 446m, is associated with high-grade molybdenum (starting at ~160m), which materially enhances the CuEq grade. Tungsten is present throughout, with the best interval being 8m @ 0.211% W.

HM188 was drilled south of known mineralisation to better define the margin of mineralisation and returned no significant intersections of copper, molybdenum, or gold. However, between 150m and 200m, tungsten is quite common, with the best return being 8m @ 0.116% W.

HMRC001 is located in the centre of Target 2 and intersected mineralisation from surface, with 12m @ 0.74% Cu from near surface, including 4m @ 0.98% Cu. The widest intersection, 220m @ 0.35% Cu from 32m, contains multiple intervals at ~0.4% Cu and higher, along with relatively high molybdenum grades. Overall, copper results correlate well with the existing model. Tungsten is present sporadically throughout, with the best interval returned being 12m @ 0.017% W.

HMRC003 is an infill hole located near the northern boundary of Target 2. It opened with 76m @ 0.33% Cu from surface, including 10m @ 0.58% Cu from 36m. Overall, results are in line with the current model.

HMRC009 is a centrally located borehole that intersected multiple broad zones over its length, the widest of which were 108m @ 0.34% Cu from 302m and 49m @ 0.37% Cu, including 4m @ 1.08% Cu. Molybdenum is well developed throughout, bolstering the CuEq grade.

HMRC011 is located south of the known Target 2 mineralisation. Results show this hole to be weakly mineralised with respect to Cu. The intersection of 8m @ 0.41% Cu from 324m (with Mo @ 221ppm) is still well south of Target 2 and may represent a peripheral, mineralised, cross-cutting structure.

Table of Significant Intersections

Hole#	Zone	From (m)	To (m)	Width (m)1	Cu (%)	Mo (ppm)	Au (g/t)	CuEq (%)2
HM158	X: 781666, Y 6822670, Z: 429, Azimuth: 015, Dip: -61, Depth 610
HM158	Entire Hole	0	609	609	0.26	61	0.009	0.29
	Main	0	374	374	0.30	88	0.009	0.34
	Including	12	18	6	0.48	43	0.004	0.49
	Including	58	68	10	0.39	202	0.005	0.46
	Including	116	124	8	0.43	62	0.018	0.46
	Including	146	152	6	0.48	28	0.020	0.51
	Including	188	196	8	0.47	101	0.015	0.52
	Including	212	216	4	0.34	842	0.016	0.65
	Including	286	300	14	0.37	373	0.016	0.51
	Including	324	330	6	0.71	40	0.018	0.74
	Main	416	428	12	0.30	3	0.011	0.31
	Main	464	482	18	0.33	25	0.019	0.36
HM176	X: 782220, Y 6821988, Z: 572, Azimuth: 013, Dip: -80, Depth 204
HM176	Entire Hole	0	204	204	0.12	11	0.018	0.13
	Main	38	56	18	0.44	20	0.053	0.49
	Including	46	50	4	0.87	64	0.076	0.95
HM178	X: 781637, Y 6822490, Z: 489, Azimuth: 023, Dip: -59, Depth 669
HM178	Entire Hole	0	669	669	0.29	53	0.027	0.33
	Main	30	58	28	0.32	22	0.025	0.34
	Including	34	40	6	0.55	27	0.034	0.58
	Main	114	120	6	0.36	35	0.031	0.39
	Main	138	148	10	0.40	4	0.035	0.42
	Main	162	480	318	0.44	89	0.032	0.49
	Including	214	224	10	0.92	401	0.114	1.15
	Including	224	240	16	0.68	55	0.059	0.75
	Including	240	248	8	1.06	125	0.068	1.15
	Including	254	264	10	0.47	248	0.039	0.59
	Including	366	374	8	0.45	108	0.026	0.51
	Including	424	432	8	0.46	130	0.027	0.53
	Including	452	462	10	0.69	53	0.031	0.73
	Main	528	552	24	0.31	18	0.031	0.34
HM179	X: 781574, Y 6822207, Z: 549, Azimuth: 195, Dip: -59, Depth 261
HM179	Entire Hole	0	261	261	0.24	16	0.040	0.27
	Main	224	256	32	0.96	49	0.115	1.06
	Including	234	244	10	1.65	7	0.177	1.78
HM180	X: 781484, Y 6822542, Z: 487, Azimuth: 023, Dip: -72, Depth 732
HM180	Entire Hole	0	732	732	0.26	84	0.023	0.30
	Main	48	58	10	0.42	32	0.031	0.45
	Main	96	116	20	0.39	30	0.030	0.42
	Main	136	162	26	0.55	62	0.050	0.61
	Including	152	156	4	0.88	74	0.086	0.97
	Main	162	188	26	0.23	172	0.019	0.30
	Main	202	218	16	0.21	302	0.018	0.33
	Main	242	266	24	0.28	46	0.034	0.32
	Including	246	248	2	0.94	344	0.087	1.13
	Main	278	294	16	0.27	62	0.018	0.31
	Main	384	410	26	0.31	88	0.027	0.36
	Including	388	394	6	0.45	86	0.038	0.51
	Main	446	732	286	0.31	108	0.024	0.37
	Including	488	494	6	0.44	319	0.040	0.59
	Including	654	664	10	0.43	281	0.026	0.55
	Including	672	678	6	0.51	77	0.025	0.56
	Including	684	690	6	0.51	231	0.035	0.62
	Including	710	718	8	0.40	162	0.029	0.48
HM184	X: 782071, Y 6822357, Z: 438, Azimuth: 191, Dip: -72, Depth 452
HM184	Entire Hole	0	452	452	0.22	42	0.018	0.25
	Main	32	46	14	0.32	49	0.033	0.36
	Main	52	64	12	0.29	40	0.027	0.32
	Main	94	110	16	0.45	20	0.029	0.48
	Main	244	272	28	0.39	41	0.020	0.42
	Including	250	252	2	0.85	75	0.035	0.90
	Including	256	258	2	1.96	48	0.093	2.04
	Main	288	316	28	0.44	81	0.035	0.50
	Including	290	296	6	0.75	67	0.050	0.81
	Main	402	410	8	0.49	197	0.036	0.58
	Including	402	406	4	0.67	187	0.043	0.77
	Main	442	448	6	1.12	142	0.046	1.21
HM187	X: 782234, Y 6822415, Z: 425, Azimuth: 191, Dip: -65, Depth 332
HM187	Entire Hole	0	332	332	0.13	18	0.015	0.14
	Main	16	22	6	0.34	24	0.021	0.36
	Main	130	136	6	0.36	11	0.030	0.38
	Main	184	194	10	0.27	85	0.030	0.32
HM188	X: 781520, Y 6822141, Z: 578, Azimuth: 192, Dip: -60, Depth 204
	Entire Hole	0	204	204	0.12	35	0.015	0.14
HMRC0013	X: 781445, Y 6822953, Z: 408, Azimuth: 038, Dip: -87, Depth 459
HMRC001 (previously reported to 243m)	Entire Hole	0	459	459	0.30	75	0.019	0.34
	Main	4	16	12	0.74	128	0.024	0.81
	Including	10	14	4	0.98	196	0.028	1.07
	Main	32	252	220	0.35	99	0.020	0.40
	Including	46	52	6	0.54	201	0.017	0.63
	Including	124	130	6	0.61	302	0.025	0.73
	Including	136	144	8	0.51	171	0.033	0.60
	Including	164	168	4	0.49	193	0.023	0.58
	Including	194	198	4	0.58	70	0.029	0.63
	Including	236	240	4	0.49	22	0.027	0.52
	Main	262	282	20	0.28	159	0.010	0.34
	Main	312	378	66	0.32	48	0.017	0.35
	Including	362	376	14	0.43	49	0.020	0.46
HMRC0033	X: 781538, Y 6823129, Z: 426, Azimuth: 018, Dip: -67, Depth 446
HMRC003 (previously reported to 138m)	Entire Hole	0	446	446	0.20	51	0.011	0.23
	Main	0	76	76	0.33	69	0.011	0.37
	Including	36	46	10	0.58	61	0.012	0.61
	Main	232	242	10	0.30	319	0.011	0.43
	Main	266	280	14	0.31	73	0.017	0.35
HMRC0043	X: 781974, Y 6822625, Z: 390, Azimuth: 188, Dip: -77, Depth 411
HMRC004 (previously reported to 243m)	Entire Hole	0	411	411	0.20	8	0.033	0.22
	Main	0	6	6	1.27	16	0.013	1.29
	Main	62	128	66	0.31	12	0.049	0.35
	Including	64	76	12	0.54	46	0.078	0.61
HMRC0073	X: 781876, Y 6822579, Z: 419, Azimuth: 186, Dip: -86, Depth 504
HMRC007 (previously reported to 231m)	Entire Hole	0	504	504	0.22	13	0.030	0.24
	Main	0	6	6	0.38	9	0.022	0.39
	Main	14	20	6	0.30	64	0.024	0.34
	Main	24	32	8	0.27	51	0.026	0.30
	Main	40	48	8	0.32	19	0.028	0.35
	Main	102	112	10	0.36	9	0.037	0.39
	Main	214	231	17	0.39	9	0.056	0.44
	Main	232	284	52	0.29	12	0.045	0.33
	Including	276	282	6	0.54	12	0.050	0.58
	Main	362	370	8	0.37	7	0.027	0.39
	Main	434	460	26	0.29	3	0.039	0.32
HMRC0083	X: 781833, Y 6822527, Z: 439, Azimuth: 225, Dip: -86, Depth 558
HMRC008 (previously reported to 231m)	Entire Hole	0	558	558	0.27	22	0.024	0.29
	Main	0	12	12	2.39	135	0.148	2.55
	Including	4	6	2	8.01	330	0.342	8.38
	Main	16	110	94	0.32	29	0.028	0.35
	Including	48	54	6	0.58	25	0.041	0.62
	Including	100	106	6	0.59	79	0.053	0.65
	Main	180	202	22	0.42	11	0.041	0.45
	Including	190	200	10	0.57	14	0.053	0.61
	Main	216	230	14	0.42	6	0.057	0.47
	Including	224	228	4	0.72	9	0.079	0.78
	Main	246	260	14	0.48	234	0.038	0.59
HMRC0093	X: 781525, Y 6822814, Z: 437, Azimuth: 039, Dip: -85, Depth 642
HMRC009 (previously reported to 243m)	Entire Hole	0	642	642	0.25	96	0.018	0.30
	Main	0	28	28	0.44	77	0.030	0.49
	Including	2	10	8	0.64	110	0.036	0.71
	Main	70	146	76	0.24	161	0.018	0.31
	Including	80	86	6	0.36	142	0.019	0.43
	Main	170	184	14	0.30	239	0.020	0.40
	Including	180	184	4	0.44	460	0.029	0.63
	Main	196	214	18	0.27	164	0.019	0.34
	Main	249	298	49	0.37	118	0.016	0.42
	Including	266	270	4	1.08	251	0.042	1.20
	Main	302	410	108	0.34	120	0.021	0.40
	Including	346	350	4	0.64	158	0.039	0.73
	Including	388	392	4	0.93	75	0.049	0.99
	Main	428	464	36	0.31	151	0.024	0.38
	Including	458	462	4	0.78	47	0.041	0.82
HMRC011	X: 781382, Y 6822347, Z: 573, Azimuth: 018, Dip: -80, Depth 345
HMRC011	Entire Hole	0	345	345	0.10	40	0.014	0.13
	Main	324	332	8	0.41	221	0.040	0.52

Legend:	%Cu	Mo(ppm)	Au (g/t)	%CuEq
	<0.4	<100	<0.10	<0.4
	0.4 - 0.5	100 - 200	≥ 0.10	0.4 - 0.5
	0.5 - 0.7	200 - 1,000		0.5 - 0.7
	0.7 - 1.0	≥ 1,000		0.7 - 1.0
	1.0 - 3.0			1.0 - 3.0
	≥ 3.0			≥ 3.0

1. True widths are unknown. Widths are interval widths and not true widths. The reported intervals are calculated using the following parameters:
   1. Only CuEq (%) was used to determine the intervals.
   2. The target composite grade is ≥0.30% CuEq.
   3. Composites start and end with samples ≥0.30% CuEq.
   4. Grades between 0.20% and 0.30% are included in interval but generally constitute <40% of the interval.
   5. Consecutive samples between 0.20% and 0.30% should be fewer than 5 samples (10m).
   6. Grades below 0.20% are included but generally constitute <20% of the interval.
   7. Consecutive grades <0.2% should be fewer than 2 samples (4m).
2. Mineral Resource (MRE) copper equivalent (CuEq%) values have been calculated using commodity type and price considering the relevant recovery rate. The following metal prices were used Cu US$4.54/lb; Mo US$22.68/lb; Au US$4,000/oz along with the following recoveries indicated from test work, Cu 89%; Mo 65% and Au 50%. The CuEq was then calculated using CuEq = [(Cu grade/100 * 0.89 Cu recovery * 2204.62 * $4.54 Cu price/lb) + (Mo ppm/1000000 * 0.65 Mo recovery * 2204.62 * $22.68 Mo price/lb) + (Au grade * 0.50 Au recovery * 4000 Au price/oz / 31.1035)] / [0.89 Cu Recovery * 2204.62 * $4.54 Cu price/lb]
3. Partial results previously reported. 

Quality Assurance / Quality Control

All drill core is HQ sized at collar and reduced to NQ size in fresh rock. The core was all logged, photographed, and cut in half with a diamond saw. Half of the core was bagged and sent to ALS Laboratories Ltd. in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory, No. T0387) and ActLabs in Canada, while the other half was quartered with one quarter archived and stored on site for verification and reference purposes while the other quarter will be used for metallurgical test work. 33 elements are analyzed by Inductively Coupled Plasma (ICP) utilizing a 4-acid digestion and gold is assayed for using a 30g fire assay method. Duplicate samples, blanks, and certified standards are included with every batch and are actively used to ensure proper quality assurance and quality control (“QA/QC”) The QA/QC frequency is 1 in 20 for each of blanks, duplicates and standards. 

Qualified Persons

Mr. Dean Richards, BSc. (Hons) Geology, Pr.Sci.Nat., MGSSA – is the Qualified Person for the Haib Copper Project and has reviewed and approved the scientific and technical information in this news release and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr.Sci.Nat. No. 400190/08). Mr. Richards is independent of the Company and its mineral properties and is a Qualified Person for the purposes of National Instrument 43-101.

About Koryx Copper S.A.

Koryx Copper S.A. is a Luxembourg domiciled copper development Company focused on advancing its 100% owned Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large copper porphyry deposit in southern Namibia with significant gold and molybdenum credits and a long history of exploration and project development by multiple operators.

More than 155,000m of drilling has been conducted at Haib since the 1970’s with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975), Teck (2014) and Koryx Copper (2021-2026). Extensive further drilling, metallurgical testing and various technical studies have been completed at Haib. Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide milling and flotation copper project with additional heap leach potential.

Mineralisation at Haib is typical of a porphyry copper deposit and is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary copper minerals at surface due to the arid environment. Haib is one of only a few examples of a Paleoproterozoic porphyry copper deposit in the world. Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but still retains many of the classic mineralisation and alteration features typical of these deposits.

Further details of the Haib Copper Project are available in the technical report titled “March 2026 Mineral Resource Estimate Haib Copper Project, Namibia, National Instrument 43-101 Technical Report” dated effective March 16, 2026. The report and other information are available on the Company's website at www.koryxcopper.com and under the Company's profile on SEDAR+ at www.sedarplus.ca.

Additional information is also available by contacting the Company:

Aideen McDermott
Investor Relations
amcdermott@koryxcopper.com
+1-416-837-7680

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the future or prospects of the Haib project or the Company, including prospective production rates and life-of-mine, the timing of publishing a PFS, the commencement of trading of the Shares under the new Company name, and the effective date of the new CUSIP and ISIN assigned to the Shares. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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