Mr. Jay Chmelauskas reports

CAMINO CORPORATION COMMENCES DRILLING AT COSTA DE COBRE DISTRICT-SCALE IOCG COPPER DISCOVERY IN PERU

Camino Minerals Corp. has commenced a drilling campaign at its Costa de Cobre district-scale IOCG (iron oxide copper/gold) copper discovery in Peru (or Copper Coast), previously referred to as the Los Chapitos copper project. Camino has rebranded the Los Chapitos project as the Costa de Cobre (the Copper Coast) to better reflect its low-elevation coastal setting and strategic proximity to key infrastructure, including the proposed San Juan de Marcona port terminal, a major new port facility planned approximately 125 kilometres to the north at Marcona. The Costa de Cobre project is advancing to the next stage of exploration and development as the company enters into a joint venture with Nittetsu Mining Co. Ltd., under which Camino will serve as operator and hold a 65-per-cent interest, while Nittetsu will hold the remaining 35-per-cent interest. Camino is also developing the permitted Puquios copper mine in Chile in a 50/50 joint venture partnership, with Nittetsu targeting a finance package and construction commencement in mid-2026.

The district in which Costa de Cobre is located hosts one of the world's newest large-scale copper mines, Mina Justa, and includes copper exploration claims held by major mining companies (such as Rio Tinto and subsidiaries of Antofogasta PLC) and major iron ore projects (Pampa de Pongo and Marcona). The presence of nearby operating mines and exploration projects is strictly for regional context and is not necessarily indicative of mineralization on the Costa de Cobre project; production at nearby operating mines is not indicative that the company will achieve similar results.

Camino has completed over 28,000 metres of drilling at Costa de Cobre at multiple discovery locations and in recently released the results of the initial phase of the drilling campaign (see news release dated Feb. 17, 2026), including a notable intersection of 83.5 metres at 0.94 per cent copper and 10.40 grams per tonne silver, including 7.1 m at 2.13 per cent Cu and 34.36 g/t Ag, reinforcing the high-grade potential of near-surface mineralization with clear upside toward a sulphide system at depth. The drilling results referenced are from Camino's previously completed exploration programs and should not be interpreted as representative of mineral resources or mineral reserves.

Following multiple successful exploration campaigns, Camino is targeting large-scale copper mineralization along major structural corridors, including the Diva and La Estancia fault systems, which extend over eight kilometres and 12 km, respectively. These regional structures are interpreted as primary conduits for hydrothermal fluids and copper deposition, which enhance the scale of the project. Recent drilling and surface programs have confirmed the presence of extensive copper oxide mineralization associated with hydrothermal breccias and manto-style bodies.

"The current drilling campaign is expected to include approximately 1,100 metres of drilling, focused on the copper oxide in the first 100 m and sulphide at depth in Diva and La Estancia fault, and is aimed at expanding known mineralized zones and testing high-priority structural corridors. This next phase of drilling is designed to further define copper mineralization at Costa de Cobre," stated Orlando Pariona, chief geologist of Camino, Peru.

Coastal advantage and access to markets

The proposed San Juan de Marcona port represents a significant strategic advantage for Camino's Costa de Cobre copper project and the overall mining sector in southern Peru. Located approximately 125 km from Costa de Cobre, with direct access through the Panamericana Sur, the new mining-focused port is expected to improve logistics and efficiency by reducing transport distances and lowering costs for copper production exports in the area. With planned capacity of up to 47 million tonnes per year and infrastructure designed to handle bulk mineral shipments, the port may increase the economic viability of development-stage projects by improving operating margins and project net present value. The proposed port project could enable mining growth in the region, providing further investment potential and strengthening Peru's position as a globally competitive copper producer.

About Camino Minerals Corp.

Camino is a discovery and development-stage copper exploration company. The company has entered into a joint venture partnership with Nittetsu Mining to advance the construction-ready Puquios copper project in Chile toward development and production. Camino is advancing its IOCG Costa de Cobre 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 Plata Dorada copper and silver 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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