Mr. Jay Chmelauskas reports

NITTETSU MINING PROVIDES $1.5 MILLION FIFTH EARN-IN PAYMENT FOR CAMINO'S LOS CHAPITOS PROJECT

Camino Minerals Corp. has received $1.5-million from exploration partner Nittetsu Mining Co. Ltd. to fully finance the coming exploration and drilling campaign at Camino's Los Chapitos copper project in Peru.

The funds constitute the fifth option to earn-in payment by Nittetsu under the terms of the earn-in agreement that Camino entered into with Nittetsu in 2023 (see news release dated June 14, 2023). Under the terms of the agreement, Nittetsu can secure a 35-per-cent project interest in Los Chapitos once it completes a total investment of $10-million, contributed over three years. To date, Nittetsu has invested a total of $8.5-million into the Los Chapitos copper project.

The exploration and drilling campaign will run from June 1, 2025, until Nov. 30, 2025, and has been approved by the Camino-Nittetsu joint technical committee. The funds will be used to advance and drill Camino's next high-priority targets, including the Katty prospect on the Diva trend, where mineralization associated with copper oxide, sulphides and copper wad has been identified at surface and previously drilled at depth. The campaign will also cover the newly identified Sombrero Blanco target, along the La Estancia fault, where a broad and continuous zone of copper oxide mineralization has been identified and which remains a key target within Camino's strategic exploration at the Los Chapitos copper and silver exploration project in southern Peru.

Camino and Nittetsu are also working with consultants to model and investigate copper mineralization at depth. Historical drilling intercepts have demonstrated high-grade copper at depth, including 4.5 metres at 5.01 per cent copper from 245.5 metres in drill hole DCH-012 (see news release dated May 26, 2020, for full details of the drill hole and corresponding drill program). Additional results of trenching and targeting will be released in the coming weeks as the company identifies its best drilling targets for 2025.

"Our relationship with Nittetsu has recently deepened with the joint acquisition of the advanced Puquios copper project in Chile (see news release dated April 17, 2025) which we are aiming to bring to production, with its primary RCA permit to start construction already in place. That relationship began at our Los Chapitos project in Peru, and we are thankful for the continued investment from Nittetsu in what we believe has the potential to become our next copper mine following Puquios. Nittetsu's continued commitment underscores our joint belief in Los Chapitos's potential to become a significant copper producer in Peru."

Community participation

On Friday, May 23, 2025, Camino held the public participation workshop for the second-amendment EIA (environmental impact assessment) for Los Chapitos. This step in the permitting process included active co-ordination with local authorities, community leaders and residents from the project's direct area. The workshop was supported by a comprehensive communication plan to encourage broad community engagement both in person and on-line that facilitated feedback from community members and reinforced Camino's commitment to public participation.

About Camino Minerals Corp.

Camino is a discovery- and development-stage copper exploration company. Camino is focused on developing copper-producing assets such as Puquios, a construction-ready copper mine in Chile, and advancing its IOCG (iron oxide copper-gold) Los Chapitos copper project located in Peru through to resource delineation and development and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for exploration discovery drilling to add to its National Instrument 43-101 resources. 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) (No. 227922), a qualified person as defined by NI 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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