Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES COMMENCEMENT OF DRILLING ON THE NZOU CRITICAL METALS PROJECT - SULLIVAN-TYPE ZN-PB-AG TARGET IN SE BRITISH COLUMBIA

DLP Resources Inc. has commenced drilling on the NZOU critical metals project in southeastern British Columbia, Canada.

NZOU project (Sullivan-type zinc-lead-silver target)

A one-hole drill program of approximately 1,700 metres in NZ23-001 is planned for the Sullivan-type zinc-lead-silver target on the NZOU project. As highlighted in the DLP press release of Nov. 9, 2021, the extension of the well-developed MT (magnetotelluric) geophysical anomalies to the northeast of hole DD21-02 indicated well-developed conductive bodies extending over 5,000 metres by 500 metres. These conductive zones are proposed to be associated with pyrrhotite (iron sulphide) associated with the extension of the Sullivan horizon intersected in DD21-02. Both geophysical and geological data support the fact that a significant mineralized Sullivan-type zinc-lead-silver system may be encountered in this phase of drilling approximately 3.7 kilometres northeast of DD21-02. A low-resistivity (strong conductive) anomaly extending from approximately 700 metres to beyond the targeted depth of 1,500 metres to 1,700 metres is well developed on this drill section.

Ian Gendall, president and chief executive officer of DLP, commented: "We are very excited to be targeting a potential significant critical metals Sullivan-type zinc system on the NZOU property. Previous drilling in 2020, 2021 and 2022 has continued to vector us from the southwest to the northeastern end of this extensive 5,000-metre MT geophysical trend."

Summary of vectoring toward a Sullivan-type zinc-lead-silver target along the five-kilometre magnetotelluric geophysical trend:

• In 2020, DLP extended the original PAN18-01 hole, renamed PAN18-01-Ex, drilled by Teck from 1,425 metres to 1,711 metres and intersected the Sullivan horizon with weak zinc mineralization and good chlorite and sericite alteration.
• In 2021, drill hole DD21-02 was drilled on the chargeability anomaly approximately 1.2 kilometres to the northeast of PAN18-01-EX. Hole DD21-02, like PAN18-01-EX, was drilled on the PJX's DD property and intersected an extensive thickness (168 metres) of fragmentals, part of the Sullivan horizon, from 1,705 metres with abundant pyrrhotite with hydrothermal alteration of secondary biotite and sericite plus chlorite visible throughout. Finely laminated Sullivan horizon siltstone/argillite was intersected at the base of the fragmentals from 1,861.24 metres to the top of Lower Aldridge banded siltstones at 1,873.31 metres. A 7.6-metre interval of the Sullivan siltstones/argillites with fine-grained disseminated sphalerite (zinc-iron sulphide) and wispy bands of pyrrhotite (iron sulphide) was observed from 1,861.24 metres to 1,873.31 metres. Within this section, there was a 2.92-metre interval with 0.16 per cent zinc and 0.06 per cent lead from 1,861.26 metres to 1,864.18 metres. The highest values in this interval were 0.27 per cent zinc, 0.11 per cent lead and 2.5 parts million silver (see DLP's press release dated Nov. 9, 2021).
• In 2022, DLP drilled MD22-01 on the Moby Dick property and hit a major fault at around 1,200 metres. A redrill off a downhole wedge placed at 1,150 metres also had to be abandoned at 1,305 metres due to poor drilling conditions. The hole ended in Middle Aldridge sediments with weak pyrrhotite mineralization and intense sericite alteration with trace tourmaline within the fault zone.

A review of the data obtained from the aforementioned three holes, historic drilling of IR07-01 and IRISH-07, and updated geological maps, DLP is now targeting the Sullivan-type zinc-lead-silver system at the end of the MT anomalous zone with a very well-developed chargeability zone at 1,500-metre depth.

The historic Sullivan mine, which was one of the largest sedimentary exhalative zinc-lead-silver deposits in the world, is located approximately 52 kilometres to the north of the company's NZOU drilling. The Sullivan mine was in active production for 92 years with a reported 160 million tons of ore containing eight million tons of lead, seven million tons of zinc and 285 million ounces of silver, worth approximately $40-billion at today's metal prices.

Qualified person

David L. Pighin, consulting geologist and co-founder of DLP Resources, is the qualified person of the company as defined by National Instrument 43-101. Mr. Pighin has reviewed and approved the technical contents of this news release.

About DLP Resources Inc.

DLP Resources is a mineral exploration company operating in southeastern British Columbia and Peru, exploring for base metals and cobalt. DLP is listed on the TSX Venture Exchange under the trading symbol DLP and on the OTCQB under the trading symbol DLPRF.

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