Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES $6 MILLION BROKERED PRIVATE PLACEMENT

DLP Resources Inc. has entered into an agreement with Paradigm Capital Inc. as lead agent and sole book runner, on behalf of a syndicate of agents (together with the lead agent, the agents), in connection with a brokered private placement to raise up to $6-million through the sale of up to 15 million units at an issue price of 40 cents per unit on a commercially reasonable efforts basis. Each unit shall consist of one common share in the capital of the company and one share purchase warrant. Each warrant shall entitle the holder thereof to purchase one share at a price of 54 cents for a period of 36 months from the closing date (as defined herein).

The gross proceeds of the offering will be used for exploration and development, and general working capital purposes.

The company has granted the agents an option to sell up to 2.25 million additional units at the issue price, exercisable in whole or in part, at any time up to 48 hours prior to the closing date.

The units to be issued under the offering will be offered by way of private placement in each of the provinces and territories of Canada, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and in jurisdictions outside of Canada and the United States mutually agreed by the company and the lead agent provided it is understood that no prospectus filing, registration or comparable obligation arises in such other jurisdiction.

The offering is expected to close on or around May 3, 2024, or such other date as agreed upon between the company and the agents and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the offering will have a hold period of four months and one day from the closing date.

About DLP Resources Inc.

DLP Resources is a mineral exploration company operating in Peru and southeastern British Columbia exploring for base metals and cobalt.

We seek Safe Harbor.