Mr. Guy Goulet reports

CERRO DE PASCO RESOURCES ANNOUNCES CLARIFICATIONS TO ITS NI 43-101 COMPLIANCE DISCLOSURE

Cerro de Pasco Resources Inc. has undertaken additional measures to ensure that its continuing disclosure fully complies with National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

In particular, these additional measures include references to disclosure relating to quantity, grade or metal content, which heretofore may have included elements such as projected operational or financial amounts. When presented individually, such information could be considered as having economic connotations prohibitive to NI 43-101. Moreover, the use of historical data that could be interpreted as current mineral resources and requires the support of a compliant technical report, at this time, has not been fulfilled due to insufficient drilling.

The aforenoted material has been amended and replaced in the company's corporate presentation and website material, and will be updated when the National Instrument 43-101-compliant report is completed.

Accordingly, pursuant to the news release dated March 26, 2026, wherein Cerro de Pasco announced the strategic collaboration with AMSAC, a Peruvian state-owned entity responsible for the remediation of legacy mining environmental liabilities, Cerro de Pasco is pleased to announce that it has obtained access across the full tailings footprint -- enabling a comprehensive development approach -- involving surface access, operational co-ordination and drilling activities complementing its existing concession rights over said tailings area.

The company therefore expects to commence drilling activities shortly, with initial programs targeted for June, 2026.

The company is committed to full compliance with applicable scientific and technical disclosure requirements, and is implementing enhanced internal processes to ensure the accuracy and compliance of its future public disclosure.

Technical information

Alfonso Palacio Castilla, MIMMM/chartered engineer (CEng) and senior project manager for the company, has reviewed and approved the scientific and technical information contained in this news release. Mr. Palacio is a qualified person for the purposes of reporting in compliance with NI 43-101.

About Cerro de Pasco Resources Inc.

Cerro de Pasco is focused on the development of its principal 100-per-cent-owned asset, El Metalurgista mining concession, which includes the Quiulacocha tailings in central Peru. The company's approach integrates metal recovery with environmental remediation, targeting the reprocessing of one of the world's largest mineral assets.

We seek Safe Harbor.