Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS

DLP Resources Inc. has closed its previously announced non-brokered private placement, whereby the company has completed the issuance of 5,203,814 units at a price of 27 cents per unit for gross proceeds of $1,405,029.78.

Each Unit consists of one common share in the capital of the Company (a "Share") and one common share purchase warrant of the Company (a "Warrant"). Each Warrant entitles the holder to purchase one common share in the capital of the Company (a "Warrant Share") for a period of two (2) years from the date of issue at an exercise price of $0.40 per Warrant Share, subject to acceleration in the event that the trading price of the Shares equals or exceeds $0.50 for a period of 10 consecutive days.

In connection with the Private Placement, the Company issued 261,835 finder's warrants (the "Finder's Warrants") and paid commissions of $70,695.45. Each Finder's Warrant entitles the holder, on exercise thereof, to acquire one additional Share at a price of $0.27 per Share for a period of two (2) years from the date of issuance.

The securities offered in the Private Placement are subject to a four month and a day transfer restriction from the date of issuance expiring on June 7, 2023, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The Company intends to use the proceeds of the Private Placement for funding the Company's Peru projects and general office and administration requirements.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Not for distribution to U.S. news wire services or dissemination in the United States.

About DLP Resources Inc.

DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF. Please refer to our web site www.dlpresourcesinc.com for additional information.

We seek Safe Harbor.