Mr. Jay Chmelauskas reports

CAMINO COMMENCES DRILL PAD CONSTRUCTION AHEAD OF DISCOVERY DRILLING AT THE MARIA CECILIA PORPHYRY IN PERU

Camino Minerals Corp. has commenced road building and drilling pad construction at its wholly owned Maria Cecilia copper porphyry project in Peru. Activities started at the end of March, with drilling to commence by the end of April, 2024. Approximately six kilometres of roads will be constructed to connect to the existing road network in the area. The Maria Cecilia project is located in the Cordillera Negra mountain range in the Andes at an elevation of 4,300 metres -- approximately a three-hour drive from the nearest mining-supported town of Caraz.

Please see the company's Maria Cecilia site visit video on YouTube, entitled "Maria Cecilia project -- where does copper come from?" by Jay Chmelauskas, Camino's chief executive officer.

"The drilling program that starts in April at Maria Cecilia provides a chance to make a new copper discovery on a project that has seen over 30,000 metres of historical drilling. Over $28-million (U.S.) has been invested in the adjacent projects, defining resources of copper and gold mineralization, but the central porphyry target on our project has never been drilled," said Jay Chmelauskas, Camino's CEO. "It is a bold drilling strategy, but one where multiple pulses of mineralization provide a sizeable, rare and quality opportunity to make a copper discovery."

The Maria Cecilia complex is a mineralized system of intrusives that extends for over five km and hosts the mineral resources of Toropunto, Emmanuel and the undrilled central porphyry target, Maria Cecilia. The Maria Cecilia target, exhibits the largest magnetic anomaly in the porphyry complex. Camino intends to drill up to two 750-metre holes to intercept a significant magnetic anomaly with the potential to host a robust mineralized porphyry system. Molybdenum has been encountered during previous exploration immediately adjacent to Maria Cecilia, that zonation models indicate potential proximity to a copper source. The proposed drilling program aims to discover ore-grade copper mineralization and associated minerals within the host rocks. This package of rocks is believed to have the potential to host significant mineral deposits characteristic of large-scale porphyry-style mineralization.

Maria Cecilia is in the centre of the northwest-southeast belt between Toropunto, a copper-molybdenum-gold high-sulphidation epithermal system, and the Emmanuel porphyry copper-molybdenum mineralization, hosted in a package of sandstones and limestones of the Goyllarisquizga group. This approximately 20-million-year-old formation hosts andesitic porphyry and granodiorite intrusions that could host large-scale concentrations of copper mineralization in the Cordillera Negra belt. At Maria Cecilia, there is a two-kilometre northeast-southwest zonation, from unaltered calcareous rocks, grading to skarns of brown garnets, green garnets and pyroxenes with the presence of sulphides, sandstones and hornfels with a stockwork of quartz veinlets, intruded by a porphyritic stock with copper oxides sampled at surface.

The drill holes at Maria Cecilia will seek to define copper mineralization and to estimate the corresponding zonation in the porphyry stock for further follow-up drilling.

The company is also pleased to announce the TSX Venture Exchange has accepted for filing documentation related to the company's earn-in agreement with Nittetsu Mining Co. Ltd. Following its acceptance, the TSX-V has provided conditional acceptance for the issuance of 2,235,295 common shares to a non-related third party, Resource Play (the finder) as finder's fees in connection with the earn-in agreement. The TSX-V has also provided conditional approval for the issuance of a further 882,352 common shares to the finder if Nittetsu exercises its right under the agreement to contribute its third option instalment payment of $1.5-million to Camino in May, 2024. The finder's fee agreement was previously announced on Feb. 1, 2023, and June 14, 2023, and the issue of stock to satisfy the finder's fee was announced on Jan. 10, 2023.

Further to the Jan. 10, 2024, news release, the company wishes to advise that the TSX-V has also provided conditional acceptance for the issuance of 352,942 common shares issued to Justin Bourassa, former chief financial officer. This issuance constitutes a related-party transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company relied upon the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 under sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the aggregate of the total dollar amount of the severance payment exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

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, FAusIMM (CP) 227922, MSc geologist, an independent geologist 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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