Mr. Jay Chmelauskas reports

CAMINO GRANTED ADDITIONAL DRILLING PERMITS AT THE LOS CHAPITOS PROJECT, PERU; EXPANDS PERMITTED AREA TO 6,012 HECTARES

Camino Minerals Corp. has received approval of the evaluation of the environmental impact study (EIA) for the Los Chapitos copper project. The project area has been expanded to 6,012.50 hectares with the approval of the modified environmental impact study (MEIA), allowing Camino to target exploration drilling at the Lagunillas, Diva and part of the Atajo copper mineralized structural trends that cumulatively extend over 20 kilometres. The expanded permit allows for significant copper exploration over new areas of known copper mineralization with exploration partner Nittetsu Mining (see news release dated June 14, 2023).

Highlights:

• Expanded EIA now includes three copper-mineralized fault trends -- Lagunillas, Diva and Atajo, which cumulatively extend over 20 kilometres;
• New Diana prospect with surface channel samples of 1.05 per cent oxidized copper over 56 metres permitted for inaugural drilling;
• Exploration work to commence under Nittetsu Mining partnership consisting of surface mapping, geophysics and road building to access new drilling targets.

"Through a comprehensive EIA expansion process, we have opened up three copper-mineralized trends to explore with our new partner, Nittetsu, at our Los Chapitos copper discovery," said Jay Chmelauskas, chief executive officer of Camino. "Our goal is to connect new discoveries of oxide mineralization to add to our inventory at the Adriana zone (see news release dated Jan. 19, 2021) and Lourdes zone (see news release dated Sept. 7, 2022). We are now permitted to diamond drill the Diana outcrop with 1.05 per cent copper over 56 metres at surface and explore for additional buried copper mantos that connect to the same copper-mineralized trends."

The extension of the EIA allows Camino to focus exploration strategies in the new structural trends of Lagunillas and Atajo, which form a fault system parallel to the Diva trend that host the Adriana and Lourdes copper discoveries. New targets, such as Diana (see news release dated Feb. 8, 2023), Lagunillas and Higos, have been identified in the Lagunillas trend. In the Atajo trend, previous diamond drilling has intercepted broad zones of copper mineralization (see news release dated Dec. 6, 2017), and geochemical copper anomalies of greater than 1 per cent copper at surface provide geological potential for further discoveries.

About Camino Corp.

Camino is a discovery and development-stage copper exploration company. The company is focused on advancing its high-grade Los Chapitos copper project located in Peru through to resource delineation and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for a planned exploration drilling program. In addition, the company has increased its land position at its Plata Dorada copper and silver project. The company seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper-intensive global economy.

Jose A. Bassan, MAusIMM (CP) 227922, MSc, geologist, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this document. Mr. Bassan has reviewed and verified relevant data supporting the technical information, including sampling and analytical test data.

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