Mr. Guy Goulet reports

CERRO DE PASCO RESOURCES ANNOUNCES GRANT OF OPTIONS

Cerro de Pasco Resources Inc. has granted 4.9 million options to directors, officers, employees and consultants of the corporation. These options are granted in accordance with the terms of the Cerro de Pasco stock option plan. All options vest on their date of grant and each option entitles the holder thereof to purchase one common share of the corporation at a price of 20 cents for periods of two or five years from Sept. 5, 2023.

About Cerro de Pasco Resources

Cerro de Pasco Resources is a mining and resource management company, with the goal of becoming the next mid-tier producer of base metals in Peru. Cerro is currently engaged in mining, developing and exploring its wholly owned 6,000-hectare Santander mine in the highly prospective Antamina-Yauricocha skarn corridor, located 215 kilometres from Lima. Cerro is also focused on the development of its principal 100-per-cent-owned asset, the El Metalurgista mining concession, comprising mineral tailings and stockpiles extracted from the Cerro de Pasco open-pit mine in central Peru. The company's approach at El Metalurgista entails the reprocessing and environmental remediation of mining waste and the creation of numerous opportunities in a circular economy. Cerro is founded on clear objectives, to engender long-term economic sustainability and benefit for the local population, from an economic, social and health point of view.

We seek Safe Harbor.