Freeport Resources Launches China Roadshow

(TSXV:FRI, OTCQB:FEERF, FSE:4XH) Freeport Resources Inc. has announced the launch of a China roadshow for its wholly-owned Yandera Copper Project, to be held November 9-13, 2026. The Yandera Copper Project is located 95 kilometres southwest of the northern seaport of Madang in Papua New Guinea and is one of the largest undeveloped copper projects in Asia. The project is at the prefeasibility stage and is situated in the PNG Orogenic Belt, which hosts several of the world's largest gold and copper deposits. The roadshow will include meetings with interested financial institutions, mining companies, and infrastructure companies in China, reflecting significant interest from Chinese mining companies who have reviewed the project. Freeport Resources is prioritizing engagement with key copper consumers and refiners in China to leverage potential joint venture and strategic partners, as well as investors needed to advance Yandera to feasibility study and final investment decision. Exploration License 1335, which is pending renewal, covers a 245.5 square kilometer tenement comprising the Yandera Copper Project. Since 2005, approximately US$225 million in exploration and development expenditures have been spent on EL 1335. Work completed includes approximately 154,600 meters of exploration drilling, scoping studies, engineering studies, environmental studies, a 2017 Pre-Feasibility Study, related infrastructure studies, and recently completed optimization studies. The 2017 Pre-Feasibility Study, prepared by Worley Parsons, estimated a historical open-pit, Measured and Indicated Resource of 728 million tonnes grading 0.39% copper equivalent. The company notes that these are historical estimates and are not being treated as current. Renewal of EL 1335 and securing project financing will allow Freeport Resources to commence work on a Definitive Feasibility Study to advance the project toward a Final Investment Decision. The company is continuing discussions with key international strategic investors and prospective partners for the development of the Yandera Copper Project. The Definitive Feasibility Study will also build on earlier work with local and regional communities to achieve mutually beneficial partnerships and sustainable long-term social benefits. Dr. Nathan Chutas, PhD, CPG, Senior Vice-President of Operations for Freeport Resources, is the qualified person who has reviewed and approved the technical content in this announcement. Gord Friesen is the Chief Executive Officer of Freeport Resources Inc.