OCEAN PARTNERS HOLDINGS LIMITED ACQUIRES COMMON SHARES OF DORÉ COPPER MINING CORP.

MAIDENHEAD, United Kingdom, Aug. 30, 2023 /CNW/ - Ocean Partners Holdings Limited ("Ocean Partners") announced today that it has acquired common shares ("Common Shares") in the capital of Doré Copper Mining Corp. ("Doré Copper").

On December 21, 2022, Ocean Partners, through its wholly-owned subsidiary Ocean Partners UK Ltd. ("OPUK"), acquired 2,368,000 Common Shares pursuant to a private agreement for consideration of $0.37 per Common Share and $876,160 in total (the "Transaction").

Immediately before the Transaction, Ocean Partners, through OPUK and other wholly-owned subsidiaries, owned 7,239,852 Common Shares, representing approximately 8.62% of the issued and outstanding Common Shares. Immediately after the Transaction, Ocean Partners, through OPUK and other wholly-owned subsidiaries, owned 9,607,852 Common Shares, representing approximately 11.44% of the issued and outstanding Common Shares, which was an increase of approximately 2.82% in its securityholding percentage in the Common Shares. Ocean Partners acquired ownership of and control over the 2,368,000 Common Shares.

Ocean Partners' acquisition of the Common Shares in connection with the Transaction was made for investment purposes. Since the Transaction, Ocean Partners, through OPUK, acquired beneficial ownership of and control over an additional 1,500,000 Common Shares by way of a non-brokered private placement of Doré Copper completed on June 6, 2023 (the "Private Placement"). Immediately following the closing of the Private Placement, Ocean Partners owned 11,107,852 Common Shares, representing approximately 11.35% of the issued and outstanding Common Shares.

Other than as stated above, Ocean Partners and its joint actors currently have no plans or future intentions which relate to, or would result in, any of the actions requiring disclosure under the early warning reporting provisions of applicable securities laws. However, depending on market conditions, general economic and industry conditions, trading prices of Doré Copper's securities, Doré Copper's business, financial condition and prospects and/or other relevant factors, Ocean Partners and its joint actors may develop such plans or intentions in the future and may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Common Shares or other securities of Doré Copper.

This news release is being issued under the early warning reporting provisions of applicable securities laws. An early warning report with additional information in respect of the foregoing matters will be filed and made available under the SEDAR+ profile of Doré Copper at www.sedarplus.ca. To obtain a copy of the early warning report, you may also contact Siva Pillay, Co-CEO of Ocean Partners, at [phone]. Ocean Partners' address is Third Floor, The Pearce Building, West Street, Maidenhead, Berkshire, United Kingdom, SL6 1RL. The address of the head office of Doré Copper is 130 King Street West, Suite 1800, Toronto, Ontario, M5X 1E3. 

SOURCE OCEAN PARTNERS HOLDINGS LIMITED