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Corcel Exploration Inc. (CSE: CRCL,OTC:CRLEF) (OTCQB: CRLEF) (the ‘Company’ or ‘Corcel’) today announced the closing of its previously announced non-brokered private placement (the ‘Offering’) issuing 11,681,798 units (the ‘Units’) at a price of $0.18 per Unit for gross proceeds of CAD$2,102,723.64

Each Unit consists of one common share of the Company (each, a ‘Share’) and one-half of one common share purchase warrant (each whole common share purchase warrant, a ‘Warrant’). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a ‘Warrant Share’) at a price of $0.30 per Warrant Share until the date which is 24 months following the Closing Date (as defined below), subject to an acceleration clause. If the ten-day weighted average closing price of the Shares as quoted on the Canadian Securities Exchange (the ‘CSE‘) is equal to or greater than $0.40, then the Company may, at its option, accelerate the expiry date of the Warrant by issuing a press release (a ‘Warrant Acceleration Press Release‘) announcing that the expiry date of the Warrants will be deemed to be on the 30th day following the issuance of the Warrant Acceleration Press Release (the ‘Accelerated Expiry Date‘). All Warrants that remain unexercised following the Accelerated Expiry Date will immediately expire and all rights of holders of such Warrants will be terminated without any compensation to such holder.

The Company intends to use the net proceeds of the Offering for exploration at its Yuma King Project in Arizona and for working capital purposes.

In connection with the Offering, the Company paid the finders fees of $67,459.56 cash and issued 374,775 finders warrants of the Company (the ‘Finders Warrants‘). Each Finders Warrant entitles the finder to purchase one Common Share at a price of $0.30 per Common Share until December 2, 2027.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring April 3, 2026.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction

APPOINTMENT OF CORPORATE SECRETARY

The Company is pleased to welcome Rosana Batista as Corporate Secretary, with immediate effect. A seasoned business administrator with over 20 years of experience, Rosana holds a bachelor’s degree in business administration and has built her career in the information technology department, working for international public companies. Her expertise spans governance, demand management, process review, and budget control. Since 2012, she has focused her career on governance, developing deep specialization in the field.

For the past nine years, she served as Corporate Secretary for Orogen Royalties Inc., a Canadian publicly listed venture company. Rosana is a Chartered Governance Professional and an Associate of the Chartered Governance Institute of Canada

ABOUT Corcel Exploration

Corcel Exploration is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The Company has entered a long-term lease agreement to acquire the Yuma King Copper-Gold project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth Mining District; including the past-producing Yuma Mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. The Company also holds an option to acquire a 100% undivided right, title, and interest in and to the Peak gold exploration project and holds a 100% interest in the Willow copper project. For more information, please visit our website at https://corcelexploration.com/.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities laws (collectively, ‘forward-looking information’). Forward-looking information in this news release includes, without limitation, statements with respect to: the Company’s plans to conduct additional drilling and other exploration work on the Property; the anticipated timing, scope, costs and objectives of such work; the expected receipt and interpretation of additional assay results; the potential for the expansion of known mineralized zones; the potential discovery of new zones; the Company’s plans to update mineral resource estimates and advance technical studies; the potential for future development decisions; the timing of future news flow; the ability to secure permits, approvals, community support and financing on acceptable terms; and the potential for the Property to host an economic mining operation in the future.

Forward-looking information is based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are inherently subject to significant business, economic, competitive, operational and regulatory uncertainties and contingencies. These assumptions include, without limitation: future commodity prices and exchange rates; availability of financing on reasonable terms; availability of equipment, personnel and infrastructure; maintenance of title and access to properties; obtaining all required regulatory, surface and community approvals on expected terms and within expected timelines; accuracy of current technical information; and the absence of material adverse changes in applicable laws, political conditions, taxation, or capital markets.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. Such risks include, without limitation: commodity price volatility; exploration, development, metallurgical and geological risk; permitting, environmental and regulatory risk; title and access risk; financing and liquidity risk; reliance on contractors and third parties; community, ESG and social licence risk; political and security risk in foreign jurisdictions; operational disruptions, accidents and labour matters; changes in laws and taxation; dilution and capital markets risk; and the other risks more fully described under ‘Risk Factors’ in the Company’s continuous disclosure filings available under its profile at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276773

Jennifer Newstead to join Apple as senior vice president, will become general counsel in March 2026

Kate Adams to retire late next year

Lisa Jackson to retire

Apple® today announced that Jennifer Newstead will become Apple’s general counsel on March 1, 2026, following a transition of duties from Kate Adams, who has served as Apple’s general counsel since 2017. She will join Apple as senior vice president in January, reporting to CEO Tim Cook and serving on Apple’s executive team.

In addition, Lisa Jackson, vice president for Environment, Policy, and Social Initiatives, will retire in late January 2026. The Government Affairs organization will transition to Adams, who will oversee the team until her retirement late next year, after which it will be led by Newstead. Newstead’s title will become senior vice president, General Counsel and Government Affairs, reflecting the combining of the two organizations. The Environment and Social Initiatives teams will report to Apple chief operating officer Sabih Khan.

‘Kate has been an integral part of the company for the better part of a decade, having provided critical advice while always advocating on behalf of our customers’ right to privacy and protecting Apple’s right to innovate,’ said Tim Cook, Apple’s CEO. ‘I am incredibly grateful to her for the leadership she has provided, for her remarkable determination across a myriad of highly complex issues, and above all, for her thoughtfulness, her deeply strategic mind, and her sound counsel.’

‘I am deeply appreciative of Lisa’s contributions. She has been instrumental in helping us reduce our global greenhouse emissions by more than 60 percent compared to 2015 levels,’ said Cook. ‘She has also been a critical strategic partner in engaging governments around the world, advocating for the best interests of our users on a myriad of topics, as well as advancing our values, from education and accessibility to privacy and security.’

‘We couldn’t be more pleased to have Jennifer join our team,’ said Cook. ‘She brings an extraordinary depth of experience and skill to the role, and will advance Apple’s important work all over the world. We are also pleased that Jennifer will be overseeing both the Legal and Government Affairs organizations, given the increasing overlap between the work of both teams and her substantial background in international affairs. I know she will be an excellent leader going forward.’

‘I have long admired Apple’s deep focus on innovation and strong commitment to its values, its customers, and to making the world a better place,’ said Newstead. ‘I am honored to join the company and to lead an extraordinary team who are dedicated each and every day to doing what’s in the best interest of Apple’s users.’

‘It has been one of the great privileges of my life to be a part of Apple, where our work has always been about standing up for the values that are the foundation of this great company,’ said Adams. ‘I am proud of the good our wonderful team has done over the past eight years, and I am filled with gratitude for the chance to have made a difference. Jennifer is an exceptional talent and I am confident that I am leaving the team in the very best hands, and I’m really looking forward to working more closely with the Government Affairs team.’

‘Apple is a remarkable company and it has been a true honor to lead such important work here,’ said Jackson. ‘I have been lucky to work with leaders who understand that reducing our environmental impact is not just good for the environment, but good for business, and that we can do well by doing good. And I am incredibly grateful to the teams I’ve had the privilege to lead at Apple, for the innovations they’ve helped create and inspire, and for the advocacy they’ve led on behalf of our users with governments around the world. I have every confidence that Apple will continue to have a profoundly positive impact on the planet and its people.’

Newstead was most recently chief legal officer at Meta and previously served as the legal adviser of the U.S. Department of State, where she led the legal team responsible for advising the Secretary of State on legal issues affecting the conduct of U.S. foreign relations. She held a range of other positions in government earlier in her career as well, including as general counsel of the White House Office of Management and Budget, as a principal deputy assistant attorney general of the Office of Legal Policy at the Department of Justice, as associate White House counsel, and as a law clerk to Justice Stephen Breyer of the U.S. Supreme Court. She also spent a dozen years as partner at Davis Polk & Wardwell LLP, where she advised global corporations on a wide variety of issues. Newstead holds an AB from Harvard University and a JD from Yale Law School.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .

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View source version on businesswire.com: https://www.businesswire.com/news/home/20251204848925/en/

Josh Rosenstock
Apple
jrosenstock@apple.com