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TERMS OF USE

By accessing the www.calistocobre.com website (the "website"), you are agreeing to be bound by these website terms of use ("Terms of Use"), all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, do not use this website.

Calisto Cobre Resources Corp. ("Calisto Cobre") may revise these Terms of Use at any time without notice. By using this website you are agreeing to be bound by the then current version of these Terms of Use.

LICENCE GRANT AND OWNERSHIP BY CALISTO COBRE

  1. Licence. Subject to the terms and conditions of the Terms of Use, Calisto Cobre grants you a non-exclusive, non-transferable, limited licence to view or print the information and documents appearing on this website without alterations, for personal, non-commercial use only.
  2. Ownership. All information, documents, materials, graphics, designs, logos, layouts and computer codes (collectively, "Content")of this website is (and shall continue to be) owned exclusively by Calisto Cobre, and is protected under applicable copyrights, patents, trade-marks, trade dress and/or other proprietary intellectual property rights. The copying, redistribution, use or publication by you of any such Content or any part of this website is prohibited, except where specifically provided in the licence above. Under no circumstances will you acquire any ownership rights or other interest in any Content by or through your use of this website.

DISCLAIMER

THE INFORMATION AND MATERIALS CONTAINED IN THIS WEBSITE ARE PROVIDED FOR USERS' GENERAL INFORMATION AND ARE PROVIDED 'AS IS' WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL CALISTO COBRE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) OR DUE TO THE USE OF OR INABILITY TO USE THE MATERIALS.

In using this website, you agree that Calisto Cobre shall not be liable for any damages whatsoever (including indirect, direct, incidental, special, punitive or consequential damages and loss of profits, opportunities or information) arising from (a) your use of or reliance on information contained on this website; (b) any inaccuracy or omission in such information or failure to keep the information current; (c) use of any third party websites linked or referred to in this website; (d) any delays, inaccuracies or errors in, or in the transmission of, any stock price quotes or historical price data; (e) any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website, and (f) any other matter connected with this website; even if Calisto Cobre is made aware of the possibility of such claims, damages or losses.

Although considerable care has been taken in preparing and maintaining the information and materials contained on this website, they are provided on an "as is" basis, without warranty of any kind, either express or implied, with respect to the accuracy or completeness of the information. This website may contain bugs, errors or other problems, although Calisto Cobre has taken steps to avoid such problems. Unless otherwise indicated, all information posted on this website is current only as of the date of the document that contains the information, if indicated, or the date on which the document is posted, whichever is earlier. Calisto Cobre may at any time make changes to the information on this website without prior notice. You should always ensure that you are referring to the most current information available on this website. Furthermore, the information in no way should be construed or interpreted as – or as part of – an offering or solicitation of securities. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Calisto Cobre to that effect.

The materials appearing on this website could include technical, typographical or photographic errors. Calisto Cobre does not warrant that any of the materials on this website are accurate, complete or current. Calisto Cobre reserves the right in its sole discretion to edit or delete any documents, information or other content appearing on this website without notice.

In this website, Calisto Cobre may provide links and references to several other websites. Calisto Cobre has no control over information at websites hyperlinked or referred to in this website. These links and references would be provided for the convenience of the users of this website and Calisto Cobre does not endorse and is not responsible or liable for the content, nature or reliability of any linked or referenced website or any link contained in a linked or referenced website. Calisto Cobre takes no responsibility for monitoring, updating, supplementing or correcting any information on any linked or referenced website and makes no representation or warranties regarding such information. Please be aware that in linking or going to these outside websites, you are leaving the Calisto Cobre website and that Calisto Cobre is not responsible for the content of any other website.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This website contains "forward-looking information" (also referred to herein as "forward-looking statements") under the provisions of applicable Canadian securities legislation regarding Calisto Cobre. Generally, these forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking statements include, but are not limited to, those in respect of: expectations, project development, permits and licenses; the current and planned initiatives and objectives in respect of the mineral properties of Calisto Cobre located in Perú (the "Antilla Project"); Calisto Cobre's capitalization, liquidity, capital resources and expenditures; mineral resource expansion potential and other growth opportunities; development timelines; business development strategies and outlook; planned capital expenditures planned work programs and targets, drilling programs and other initiatives in respect of the Antilla Project and economic performance, financial conditions and expectations.

Forward-looking statements also include, but are not limited to, factors and assumptions in respect of: the ultimate determination of mineral resources and mineral reserves, if any; the availability and final receipt of required approvals, licenses and permits; sufficient working capital to explore, develop and operate any proposed mineral projects; access to adequate services and supplies; economic and political conditions in the local jurisdiction where the proposed mineral project is located, including the Antilla Project; commodity prices; foreign currency exchange rates; interest rates; access to capital and debt markets and associated costs of funds; availability of a qualified work force; the ultimate ability to mine, process and sell mineral products on economically favorable terms; and the effects of global events, including COVID-19 and the military conflict in Ukraine;  and the operations of Calisto Cobre. 

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Calisto Cobre and/or the Antilla Project to be materially different from those expressed or implied by such forward-looking statements, including but not limited to, those in respect of: Calisto Cobre may fail to comply with the law or may fail to obtain or renew necessary permits and licenses; high risk, speculative nature of investment, and potential loss of entire investment; dependence on management; limited business history, no assurance of revenues; mining requires substantial capital, resulting in significant financing risks and shareholder dilution; global financial conditions may impact Calisto Cobre's ability to raise additional funds; the COVID-19 pandemic is impacting mining operations and the global economy; estimating mineral reserves and mineral resources is risky; exploration and development is speculative and may not result in profitable mining operations; the future price of copper is uncertain and may be lower than expected; fluctuating mineral prices and currency risk; commercial viability may not be achieved even with an acceptable copper price; mining operations are very risky; operations during mining cycle peaks are more expensive; infrastructure may be inadequate; Calisto Cobre's insurance coverage may be inadequate and result in losses; climate change may make mining operations more expensive; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; geological, hydrological and climatic events could suspend mining operations or increase costs; there is no established market and liquidity concerns may develop; price volatility of publicly traded securities; Calisto Cobre's rights in its mineral properties could be lost; Calisto Cobre's rights in its mineral properties could be subject to challenges and claims; foreign investments and operations; conflicts of interest may result in the interests of other issuers or shareholders being preferred to the Calisto Cobre Shareholders; influence of third-party stakeholders; taxes; competition for resources; legal proceedings; compliance with laws is costly and may result in unexpected liabilities; and negative operating cash flows are expected to continue and will need to be funded.

Although Calisto Cobre has attempted to identify important factors, assumptions and risks that could cause actual results to differ materially from those contained in forward-looking statements, there may be others that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of Calisto Cobre's operating environment. Calisto Cobre does not intend or undertake to publicly update any forward-looking statements that are included on this website, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. 

TECHNICAL DISCLOSURE

Scientific and technical information regarding the Antilla Project contained in this website is derived from the technical report entitled "Calisto Cobre Technical Report Update – Antilla Copper Project, Apurimac Region, Peru" with an effective date of May 10, 2022, prepared by Paul Daigle, P.Geo, Oscar Retto, MAIG, and Andy Holloway, P.Eng, of AGP Mining Consultants Inc., each of whom is a "qualified person" as defined by NI 43-101. The Technical Report contains details of the data verification undertaken with respect to the scientific and technical information on the Antilla Project and additional details regarding the exploration information herein including locations, types, the QA/QC employed, and interpretations. Additional scientific and technical information contained on this website with respect to the Antilla Project was reviewed and approved by Dr. Stuart Smith, PhD, SVP Mineral Resources of Calisto Cobre and a "qualified person" as defined NI 43-101. Dr. Smith is not independent of Calisto Cobre as he is an officer and shareholder of Calisto Cobre. 

Mineral resources are not mineral reserves, and do not have demonstrated economic viability. Measured and indicated resources have reasonable prospects for economic extraction. They are sufficiently well defined to allow geological and grade continuity to be reasonably assumed and permit the application of technical and economic parameters in assessing the economic viability of the resource. Inferred resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. There is no certainty that mineral resources can be upgraded to mineral reserves of any category through continued exploration.

The information presented herein was approved by management of Calisto Cobre on August 1, 2023.

JURISDICTION

Any claim relating to this website shall be governed by the laws of the Province of British Columbia without regard to its conflict of law provisions.