Gunnison Copper Corp (GCUMF)

[Fallingknife75]

Well, this will keep the price down for a little while.

Phoenix, Arizona, May 27, 2026 – Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCU MF) (FSE: 3XS0)
(“Gunnison” or the “Company”) is pleased to announce that it has entered into an agreement with
Canaccord Genuity Corp. as sole bookrunner and on behalf of a syndicate of underwriters (collectively,
the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal”
basis, 71,430,000 common shares of the Company (the “Common Shares”) at a price of C$0.42 per
Common Share (the “Offering Price”), for aggregate gross proceeds of C$30,000,600 (the “Offering”).
In addition, the Company has granted the Underwriters an option to purchase up to an additional
10,714,500 Common Shares (the “Over-Allotment Option”) at the Offering Price for additional gross
proceeds of up to C$4,500,090 exercisable in whole or in part, at any time on or prior to the date that is
30 days following the Closing Date (as defined herein).
The Company intends to use the net proceeds from the Offering (and any proceeds received from the
Over-Allotment Option) to advance the Company’s Gunnison Copper Project in Arizona, as well as for
working capital and general corporate purposes.
Closing of the Offering is expected to occur on or about June 3, 2026

The C$0.42 is roughly $0.30 US. This actually doesn't bother me much as It is not too significant a discount to the recent share price. Plus, I have been thinking about adding a bit more but need time to raise the funds from other sales.

All the best,

Knife