Mr. Jay Chmelauskas reports

NITTETSU MINING APPROVES $1.5 MILLION SECOND OPTION PAYMENT FOR CAMINO'S LOS CHAPITOS PROJECT; CAMINO TO COMMENCE DRILLING AT LOS CHAPITOS IN DECEMBER

Camino Minerals Corp. has received confirmation from exploration partner Nittetsu Mining Co. Ltd. that it will contribute its second option payment of $1.5-million to support the next phase of exploration of Camino's Los Chapitos copper project in Peru.

The exploration program that commenced in June, 2023, focused on mapping, trenching and sampling at Los Chapitos to identify the most prospective sites for the coming drilling program. Following an evaluation of the results by the joint Camino-Nittetsu technical committee, the next phase of the exploration program was approved, and the exploration drilling program is expected to commence around the third week of December, 2023.

The funds constitute the second option payment by Nittetsu under the terms of the definitive agreement that Camino entered into with Nittetsu earlier this year (see news release dated June 14, 2023). Under the agreement, Nittetsu can secure a 35-per-cent project interest in Los Chapitos for a total of $10-million, invested over three years.

"We are now funded by our partner Nittetsu to start drilling additional copper oxide targets at our Los Chapitos copper property in Peru," said Jay Chmelauskas, president and chief executive officer of Camino. "Drilling is expected to commence around the third week of December."

About Camino Minerals Corp.

Camino is a discovery- 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, geologist, an independent geologist FAusIMM (CP) 227922 and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this document. Mr. Bassan has reviewed and verified relevant data supporting the technical disclosure, including sampling and analytical test data.

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