16:52:29 EDT Tue 05 May 2026
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or Name
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Camino Minerals Corp (3)
Symbol COR
Shares Issued 89,266,367
Close 2026-05-04 C$ 0.49
Market Cap C$ 43,740,520
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Camino appoints team to work on Puquios build

2026-05-05 12:01 ET - News Release

Mr. Jay Chmelauskas reports

CAMINO APPOINTMENTS SENIOR MANAGEMENT TO BUILD AND OPERATE THE PUQUIOS COPPER MINE IN CHILE AND FOR CORPORATE DEVELOPMENT

Camino Minerals Corp. has made key appointments to its management and operational team to support the advancement of the Puquios copper project in Chile toward construction and for corporate development. These appointments will further strengthen the company's operational, financial and strategic capabilities as it transitions toward development and production in Chile and corporate growth.

The company along with its partner Nittetsu Mining Co. Ltd. has appointed Marcelo Bruna as chief executive officer of Cuprum SpA, the established Chilean company to advance the development of the Puquios copper mine, a 50/50 joint venture with Nittetsu. Based in Santiago, Mr. Bruna will manage the Chilean operations. Mr. Bruna is a senior mining executive with over 30 years of experience in project development and operations. He has overseen more than $2.5-billion (U.S.) in mining investments and brings strong expertise in delivering large-scale copper projects through construction and operations.

In addition, Camino has established a new finance team based in Santiago, Chile, to support the company's operations. The team will play a key role in advancing project-level financial planning, supporting debt financing initiatives and general joint venture accounting functions as the company moves toward the planned commencement of construction of the Puquios copper mine in mid 2026. A finance package with a Japanese lender is expected in mid-year 2026 to begin construction of the copper mine.

The company has also engaged Darryl Steane as a corporate development consultant. Mr. Steane will support Camino's strategic initiatives, including supporting technology development and potential expansion of Puquios copper mine, and continue to build the company's portfolio of copper assets. Mr. Steane is a mining executive with over 20 years of global experience in corporate development, project financing, and M&A (mergers and acquisitions). He has held senior roles at BHP and South32, and served as the inaugural president and chief executive officer of Ambler Metals copper project in Alaska and advancing large-scale resource development initiatives in North America.

"Marcelo knows the Puquios mine, having worked with Denham Capital, and has very deep experience constructing and operating mines; he has most recently operated an SXEW copper mine in Chile, similar to the Puquios mine process. Camino and its partner Nittetsu Mining met with our potential lender in Japan in April, and our financial package is on track to target the summer for initial drawdown," said Jay Chmelauskas, chief executive officer of Camino. "We have further bolstered our finance and human resources team in Chile with additional hires in our offices in Santiago. In April, the Puquios project was visited by senior Camino and Nittetsu management to inspect progress of early works and to plan for mine construction. We are also pleased to have Darryl join our Vancouver-based team to support management with his extensive copper mining background and recent commercial experience with new leaching technologies, for the next phase of growth at Camino."

Corporate update

Camino granted 500,000 stock options, 545,000 restricted share units and 125,000 deferred share units to certain directors, officers, consultants and employees to purchase up to a total of 1.17 million common shares. The stock options have a term of five years at an exercise price of 50 cents per share and will vest over a 36-month period, with 25 per cent vesting immediately upon grant and an additional 25 per cent vesting on each anniversary thereafter. The restricted units will vest annually over a three-year period and the deferred share units are redeemed upon retirement from the company.

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 Co. Ltd. to advance the construction-ready Puquios copper project in Chile toward development and production. Camino is 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.

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