Mr. Jay Chmelauskas reports

CAMINO RECEIVES START OF ACTIVITIES AUTHORIZATION FOR THE NEXT DRILLING TARGETS AT THE LOS CHAPITOS COPPER PROJECT IN PERU

Camino Minerals Corp. has received the first phase of its start of activities authorizations from the General Directorate of Mining (DGM) of the Ministry of Energy and Mines to begin earth-moving activities at the company's Los Chapitos copper project in Peru. This authorization coincides with the environmental impact study (EIA) expansion that was received in June, 2023, which allows the company to explore over an area of 6,012 hectares (see news release dated June 20, 2023).

The first phase covers approximately half of the EIA area; it is expected that the second phase will receive authorization in several months once a cultural review has been completed. The permit will enable Camino to commence road construction and preparations for its next exploration drilling campaign. Recent geological fieldwork has identified new drilling targets over broad zones of potential mineralization to the south of Camino's main Adriana zone and also to the north at the Lourdes zone. Lourdes is a new copper discovery made in 2022 with broad intercepts of oxidized copper mineralization, including 55 metres at 0.93 per cent copper from surface (see news release dated Sept. 7, 2022). The target zones are modelled around new interpretations and fault controls similar to geological features found in the copper-rich Candelaria district of Chile, where the company's partner, Nittetsu Mining Co. Ltd., operates the Atacama Kozan mine. Drilling will target near-surface oxidized copper and will likely commence as early as December, 2023.

"Recent geological mapping with our partner Nittetsu has identified broad areas to target new near-surface oxide copper. Nittetsu operates the Atacama Kozan mine in the prolific copper district of Candelaria and our work over the summer included mapping with Chilean geologists who offer new ideas and bring their experience in the Candelaria district to our copper project in Peru," said Jay Chmelauskas, chief executive officer of Camino. "We are currently prioritizing drill targets for our next drilling campaign at our Los Chapitos copper project that we plan to launch as early as December."

About Camino Minerals Corp.

Camino is a discovery-stage and development-stage copper exploration company. Camino 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, Camino has increased its land position at its copper and silver Plata Dorada project. Camino 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, MSc, an independent geologist, FAusIMM (CP) 227922, 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 disclosure, including sampling and analytical test data.

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