Mr. Ian Gendall reports

DLP RESOURCES INTERSECTS 365.7M OF 0.81% CUEQ* WITHIN A 970.7M INTERVAL OF 0.53% CUEQ* ON THE AURORA PROJECT IN SOUTHERN PERU

DLP Resources Inc. has released complete drill results for drill hole A23-011 on the Aurora porphyry copper-molybdenum project in southern Peru.

Results for the first ten drillholes, A22-001, A22-002, A22-003, A23-004, A23-005, A23-006, A23-007, A23-008, A23-009 and A23-010 were released on September 05, 2023 (see DLP Resources Inc., news releases of September 05, 2023 for results for A23-001 to A23-010 and Table 3 below).

Highlights

Drillhole A23-011 was drilled approximately 268m southwest of drillhole A23-010 and intersected significant copper and molybdenum mineralization throughout the hole to a depth of 1081.70m. A23-011 ended in molybdenum mineralization and the most significant mineralized intervals included:0.53% CuEq* over 970.70m (0.17% Cu, 0.0667% Mo and 1.81g/t Ag) from 111m to 1081.70m.0.54% CuEq* over 32.00m (0.44% Cu, 0.0125% Mo and 3.69g/t Ag) from 183.00m to 215.00m.0.66% CuEq* over 557.70m (0.09% Cu, 0.1078% Mo and 1.38g/t Ag) from 524.00m to 1081.70m.0.81% CuEq* over 365.70m (0.07% Cu, 0.1403% Mo and 0.66g/t Ag) from 716.00m to 1081.70m.

The complete set of results for A23-011 are summarized in Table 1 below.

Mr. Gendall, President and CEO commented: "A23-011 was drilled on a step-out of 268m to the SW of A23-010 to define the western edge of the hornfels-porphyry contact on the southeast side of Aurora. This hole now confirms a copper-molybdenum mineralized trend of at least 980m which is still open to the southeast and west. This hole ended in molybdenum mineralization at a depth of 1081.70m. Drilling is ongoing on the southeast side and A23-012 is being drilled on a step out of approximately 140m west of A23-011 to a depth of 1000m. We continue to be encouraged with the results of the first 11 drillholes and look forward to receiving results for A23-012 in early November."

Aurora Cu-Mo Project - Summary of Drill Results for A23-011

Drillhole A23-011 (Figures 2, 3 and 4) commenced on August 16, 2023 and was completed on September 16, 2023 at a depth of 1081.70m. The drillhole was drilled on an azimuth of 025 degrees with a dip of -70 degrees. Coordinates are 8,565,440mN and 189,970mE at an elevation of 2760m.0 - 3.10m: Overburden, no core recovered.3.10 - 192.15m: Hornfels with minor chalcopyrite with molybdenite. Upper 110m is partially leached.192.15 - 297.70m: Quartz-eye-feldspar-biotite porphyry (QEFBP) with moderate to strong intermediate argillic alteration and quartz-sericite alteration overprint of weak secondary biotite alteration. Mineralization includes minor amounts of disseminated chalcopyrite with trace chalcocite and covellite, moderate amounts of pyrite and trace molybdenite. Fault zone on lower contact.297.70 - 524.00m: QEFBP with moderate secondary biotite alteration and minor fluorite with moderate chalcopyrite-pyrite mineralization and minor molybdenite.524.00 - 704.70: QEFBP with moderate quartz-sericite alteration overprint on potassically altered porphyry. Minor chalcopyrite-pyrite mineralization with moderate molybdenite mineralization. 704.70 - 1081.70m: QEFBP and quartz-feldspar porphyry (QFP) with moderate to strong coarse graine muscovite and K-feldspar alteration and weak intermediate argillic overprint. Mineralization includes moderate disseminated pyrite, minor chalcopyrite with intense molybdenite both disseminated and in quartz veinlets. The hole ended in molybdenite mineralization.

Quality Control and Quality Assurance

DLP Resources Peru S.A.C, a subsidiary of DLP Resources Inc., supervises drilling and carries out sampling of HTW and NTW core. Logging and sampling are completed at a secured Company facility situated on the project site. Sample intervals are nominally 1.5 to 2.7m in length. Drill core is cut in half using a rotary diamond blade saw and samples are sealed on site before transportation to the ALS Peru S.A.C. sample preparation facility in Arequipa by Company vehicles and staff. Prepared samples are sent to Lima by ALS Peru S.A.C. for analysis. ALS Peru S.A.C. is an independent laboratory. Samples are analyzed for 48 elements using a four-acid digestion and ICP-MS analysis (ME-MS61). In addition, sequential copper analyses are done where secondary copper mineralization is observed and reports, soluble copper using sulphuric acid leach, soluble copper in cyanide leach, residual copper and total copper. ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures.

DLP Resources independently monitors quality control and quality assurance ("QA/QC") through a program that includes the insertion of blind certified reference materials (standards), blanks and pulp duplicate samples. The company is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data reported from 3.1m to 1081.70m in A23-011.

Aurora Project

Aurora Project is an advanced stage porphyry copper-molybdenum exploration project in the Province of Calca, SE Peru (Figure 1). The Aurora Project was previously permitted for drilling in 2015 but was never executed. Thirteen historical drillholes, drilled in 2001 and 2005 totaling 3,900m were drilled over an area of approximately 1000m by 800m, cut significant intervals of copper and molybdenum mineralization. From logging of the only three remaining holes DDA-01, DDA-3A and DDA-3 and data now available, it appears that only three of the thirteen holes tested the enriched copper zone and only one hole drilled deep enough to test the primary copper and molybdenum zone (see DLP Resources Inc. news release of May 18, 2021).

Salient historic drillhole data of the Aurora Project are:

190m @ 0.57% Cu, 0.008% Mo in DDA-1 with a high-grade intercept of 20m @ 1.01% Cu related to a supergene enrichment zone of secondary chalcocite;

142m @ 0.5% Cu, 0.004% Mo in DDA-3;

71.7m @ 0.7% Cu, 0.007% Mo in DDA-3A (see historical Focus Ventures Ltd. news release July 11, 2012); and

One of the historical holes ABC-6 drilled on the edge of the system intersected 78m @ 0.45% Cu and 0.107% Mo (Figure 2).

A review of the historical drilling indicates that the majority of the thirteen holes were drilled in the leached and partially leached zones of the porphyry system. Ten of the thirteen holes never fully tested the oxide and secondary enrichment zone and/or the primary copper zone at depth encountered in DDA-01. Copper-molybdenum mineralization is hosted by quartz-feldspar porphyries intruded into slates-hornfels and pelitic sandstones belonging to the Ordovician (439 - 463 ma) Sandia Formation.Figure 1: DLP Project areas in Peru with Aurora Project Shown.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6456/183555_882a1b1254652a45_001full.jpgFigure 2: Aurora Project - Simplified geology showing historic drilling and drilling by DLP in 2022-2023 with A23-011 and A23-012 (in progress) highlighted in red numbering.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6456/183555_882a1b1254652a45_002full.jpgFigure 3: Aurora Project - Simplified NW-SE geological section showing DLP drillholes A23-001 to A23-012. Downhole values for copper and molybdenum are shown as bar graphs for assigned intervals with Cu % on right and Mo ppm on left of drillhole.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6456/183555_882a1b1254652a45_003full.jpgFigure 4: Aurora Project - Simplified N-S geological section showing DLP and historic drillholes. Downhole values for copper (%) are shown as solid cones and molybdenum values (ppm) are shown as bar graphs on left of drillhole.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6456/183555_882a1b1254652a45_004full.jpg

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 Inc. is a mineral exploration company operating in Southeastern British Columbia and Peru, 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.

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