Mr. Jay Chmelauskas reports

CAMINO ANNOUNCES C$5.6 MILLION INVESTMENT WITH STRATEGIC INVESTORS

Camino Minerals Corp. is arranging a non-brokered private placement to raise total gross proceeds of approximately $5.6-million. The financing will consist of the issuance of 15,554,666 common shares of the company at a price per share of 36 cents.

Participants in the financing will include two significant new shareholders, EMX Royalty Corp. and Continental General Insurance Company (CGIC).

Based in Austin, Tex., CGIC is one of the largest shareholders of Camino's partner, Nittetsu Mining. CGIC is a life and health insurance company founded in 1961, and is an active investor in producing and development-stage mining assets globally.

EMX Royalty, based in Vancouver, Canada, has also purchased in a separate transaction with a company owned by a fund advised by Denham Capital Management LP, an existing 1.25-per-cent NSR (net smelter return) royalty over Camino and Nittetsu's Puquios copper and gold claims in Chile for cash payments totalling $8-million (U.S.) (see EMX news release dated Nov. 12, 2025). EMX has a portfolio of over 130 royalties and is completing a merger with Elemental Altus Royalties Corp. supported by a $100-million (U.S.) investment by Tether Investments SA de CV. Denham Capital is a leading natural resources investor with approximately $2-billion (U.S.) under management in the mining sector and, via the funds it manages, is Camino's largest shareholder. Following closing of the placement and the issue of the additional vendor shares (as defined and described below), Denham Capital will own approximately 41 per cent of Camino.

"The strategic funding from CGIC and EMX along with continued support from our existing partners Denham Capital and Nittetsu Mining, sets Camino on the path to first copper production at our Puquios project in Chile," said Jay Chmelauskas, chief executive officer of Camino. "These strategic investors in Camino have a track record of strong performance in the mining sector aligning with Camino's value creation strategy for achieving a rerating of our Puquios copper development in Chile, and for the ongoing copper exploration drilling under way in Peru."

Camino and Nittetsu are progressing development of the Puquios copper mine in Chile, with the objective of making a production decision in the spring of 2026, and are in discussions with Japanese lenders for a project development loan. The net proceeds from the financing will be allocated toward corporate working capital, legal expenses, engineering studies, project financing costs, general administrative expenses and other expenses. All securities issued and sold under the financing will be subject to a hold period expiring four months and one day from their date of issuance, in accordance with applicable Canadian securities laws.

Completion of the financing remains subject to the receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. Subject to the receipt of all necessary regulatory approvals, the financing will close on or about Nov. 14, 2025.

Separately, the company also announces that it intends to issue an aggregate of 5,833,334 shares to Santiago Metals Investment Holdings II SLU and Santiago Metals Investment Holdings II-A LLC on the closing date, subject to the completion of the financing. The shares will be issued in accordance with the terms of, and in furtherance of the company's outstanding obligations under, the previously entered into share purchase agreement dated Oct. 4, 2024, as amended, among Nittetsu Mining Co., Ltd., the vendors, the company and Camino-Nittetsu Mining Chile SPA, at a deemed issue price of 36 cents per share. The issuance of the additional vendor shares remains subject to the acceptance of the TSX Venture Exchange.

TSX-V Policy 5.9 and MI 61-101

Insiders of the Camino (being, Christopher Adams, chair of the board of directors of the company, Ziad Saliba, a director of the company, and Shawn Turkington, the chief financial officer of the company) are expected to acquire an aggregate of 276,888 shares in the financing (approximately $99,680), which participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions and Policy 5.9 -- Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange (which incorporates the requirements of MI 61-101). However, such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the shares acquired by the insiders of the company, nor the consideration for the shares paid by such insiders, exceed 25 per cent of the company's market capitalization for the purposes of MI 61-101.

The exact extent of participation by insiders of the company in the financing was not determined sufficiently in advance of the anticipated closing date thereof and, accordingly, the company expects to file a material change report relating to the financing less than 21 days from closing of the financing, which is reasonable and necessary in the circumstances to meet the company's capital requirements.

About Camino Minerals Corp.

Camino is a discovery and development stage copper exploration company. Camino is focused on developing copper-producing assets such as the construction-ready Puquios copper mine in Chile, and advancing its IOCG 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.

We seek Safe Harbor.