MetalQuest Mining Comments On Positive Financing Milestone On Its Strategic Copper Investment In The Murray Brook Project, New Brunswick, Canada

April 16, 2026 – TheNewswire – Rockport, Ontario – MetalQuest Mining Inc. (TSXV: MQM | OTCQB: MQMIF) (“MetalQuest” or the “Company”) is pleased to comment on the positive financing announcement made today by Canadian Copper Inc. (“CCI”), which announced that it has secured up to C$96 million in project development capital from OR Royalties Inc. and Ocean Partners to advance development of its 100%-owned Murray Brook Project and Caribou Process Plant in the Bathurst Mining Camp of New Brunswick. MetalQuest currently holds ~1.1 million common shares of CCI, 2.5 million warrants, and also retains two net smelter return royalties (“NSR”) totaling 1.0% on the Murray Brook Project. As a result, Management believes this financing milestone is a highly positive development for our shareholders, as it may enhance the value of the Company's strategic exposure to a project that is now moving further along the development curve.