Mr. Jay Chmelauskas reports

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

Camino Minerals Corp. has received the sixth, and final, $1.5-million payment from its exploration partner Nittetsu Mining Co. Ltd., marking the successful completion of Nittetsu's earn-in expenditure requirements under the earn-in agreement dated June 13, 2023 (see news release dated June 14, 2023). Following the conclusion of the current drilling program at the Los Chapitos copper project in Peru, the project will be formally converted into a joint venture, with Camino retaining a 65-per-cent participating interest, operatorship of the project, and 50 per cent of the life-of-mine production offtake. Los Chapitos is the second joint venture project with Nittetsu, as Camino is currently advancing the Puquios copper mine development with Nittetsu in Chile.

At Los Chapitos, exploration drilling has commenced on the high-grade copper targets along the Diva and La Estancia trends that were identified earlier in the year, where the recent trench sampling demonstrated high-grade copper structures and copper mantos potential (see news releases dated June 17, 2025, and July 16, 2025).

Camino is currently advancing the fourth drill hole of a planned phased campaign totalling approximately 2,650 metres, and consisting of an estimated 18 drill holes. The continuing drilling program is expected to continue into the first half of 2026.

"With the joint venture structure soon in place at Los Chapitos, we will continue to drive exploration on the high-grade copper targets we've defined across the Diva, Atajo and La Estancia copper trends," said Jay Chmelauskas, chief executive officer of Camino. "Through our two joint ventures with Nittetsu, we are collaborating on two fronts, building a new copper mine in Chile at Puquios and continuing discovery drilling at Los Chapitos in Peru."

Issuance of shares

The company intends to issue an aggregate of 139,535 common shares to resource play, an arm's-length third party, at a deemed price of 43 cents per share as a finder's fee in connection with the earn-in agreement entered into by, inter alios, Camino and Nittetsu Mining for the Los Chapitos copper project. The finder shares are proposed to be issued in relation to $1.5-million of funds contributed by Nittetsu under the earn-in agreement as the sixth option to earn-in payment made by Nittetsu thereunder. The intention to pay the finder's fee was noted in Camino's news release dated Feb. 1, 2023, and the finder shares are being issued in accordance with the terms of a finder's fee agreement entered into by Camino and Resource Play dated Aug. 5, 2020, as subsequently extended. The issuance of the finder shares remains subject to the acceptance of the TSX Venture Exchange. The finder shares to be issued will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities legislation.

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), 227922, 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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