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QC Copper Receives Shareholder Approval for Cuprum Acquisition

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Toronto, Ontario--(Newsfile Corp. - December 4, 2024) - QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) ("QC Copper" or the "Company") is pleased to announce that at its special meeting of shareholders held on December 4, 2024 in Toronto, Ontario (the "Meeting") holders of common shares of QC Copper: ‎(i) approved the acquisition (the "Acquisition") of all of the issued and outstanding shares of ‎Cuprum Corp‎.; (ii) approved the Company's restricted share unit plan; and (iii) approved the Company's new stock option plan. Details of each matter are included in the Corporation's Management Information Circular dated October 25, 2024, a copy of which is available on the Corporation's profile on SEDAR+ at www.sedarplus.ca.

The vote in respect of the Acquisition was carried out by ballot, with over 99% of votes cast by disinterested shareholders being in favour of the ordinary resolution approving the Acquisition. The resolution was approved by the majority of the votes cast by shareholders of the Company, other than ‎shareholders who are a non-arm's length party to QC Copper or the Acquisition.

Ticket Symbol and Name Change

The official name change to XXIX Metal Corp. and ticker symbol change to XXIX on the TSX Venture Exchange will occur shortly after the closing of the Acquisition.

Assuming all other terms and conditions to the Acquisition are satisfied, it is expected that the Acquisition will be close on or about December 5, 2024.

About XXIX Metal Corp. (previously QC Copper and Gold Inc.)

XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The Opemiska Project, Canada's highest-grade copper resource, spans 13,000 hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. A January 2024 resource update reported a 16% increase in contained Copper Equivalent (CuEq) and a 10% grade boost, including 87.3 million tonnes at 0.93% CuEq (Measured & Indicated) and additional Out of Pit resources. The Thierry Project hosts two past-producing open pits that transitioned to underground mining—producing 5.8Mt @ 1.13% Cu, 0.14% Ni between 1976 – 1982 by UMEX Inc. Historically, copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda, QC. Significant infrastructure is already in place, with the Thierry property being accessible via all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail. With these two high-potential projects, the Company has solidified its position as a key player in the Canadian copper sector, and has established itself as one of Eastern Canada's largest copper developer.