Mr. Ian Gendall reports

DLP RESOURCES EXPANDS COPPER AND MOLYBDENUM ZONE ON THE 100 % OWNED ESPERANZA PROJECT WITH AN ADDITIONAL 53 ROCK SAMPLES RETURNING UP TO 3.46 % CU, 130.5PPM MO, 7930PPM ZN AND 245PPM CO

DLP Resources Inc. has received the second phase of rock sampling results from the Esperanza porphyry copper-molybdenum project immediately south of the Chapi mine in southern Peru.

Results for the additional 53 rock samples taken in the initial reconnaissance sampling and mapping of the northwestern part of the project have returned highly anomalous copper, molybdenum, cobalt and zinc in mapped intrusive stocks and polymictic breccias within the overlying volcanics.

Highlights:

1. Fifteen of the 53 rock chip samples returned values between 0.3 per cent Cu and 3.46 per cent Cu. These samples were taken from outcropping quartz diorite and polymictic breccias with visible copper-oxides, iron oxides and tourmaline in fractures.
2. Rock chip samples with high copper grades included:
   • Sample 1208 -- 0.69 per cent Cu, 130.50 parts per million (ppm) Mo, 7,930 ppm Zn and 42.30 ppm Co;
   • Sample 1226 -- 1.84 per cent Cu, 1.38 ppm Mo, 1,115 ppm Zn and 42.50 ppm Co;
   • Sample 1227 -- 1.71 per cent Cu, 5.56 ppm Mo, 2,490 ppm Zn and 176.50 ppm Co;
   • Sample 1229 -- 3.46 per cent Cu, 16.15 ppm Mo, 1,480 ppm Zn and 185 ppm Co;
   • Sample 1231 -- 1.26 per cent Cu, 2.43 ppm Mo, 1,050 ppm Zn and 39.60 ppm Co;
   • Sample 1232 -- 0.70 per cent Cu, 3.75 ppm Mo, 487 ppm Zn and 22.50 ppm Co;
   • Sample 1237 -- 1.54 per cent Cu, 6.34 ppm Mo, 774 ppm Zn and 57.20 ppm Co;
   • Sample 1240 -- 0.82 per cent Cu, 4.10 ppm Mo, 410 ppm Zn and 17.10 ppm Co.

Ian Gendall, president and chief executive officer, commented: "With two phases of rock sampling and mapping completed on the Esperanza project, an area of 3.5 kilometres by 1.5 kilometres has now been identified with anomalous copper and molybdenum in rock samples. These anomalous copper-molybdenum values coupled with other porphyry copper indicators are very encouraging for locating a mineralized system at depth in this porphyry copper belt immediately south of the Chapi copper mine."

Quality assurance and quality control

DLP Resources Peru SAC, a subsidiary of DLP Resources, supervises sampling and carries out surface sampling and mapping of outcrop at the Esperanza project. Rock chip sampling was done within a maximum area of two metres by two metres and descriptions were carried out by a geologist. Samples are bagged and sealed on site before transportation to the ALS Peru SAC sample preparation facility in Arequipa by company vehicles and staff. Rocks are crushed with 70 per cent passing less than two millimetres. Sample is split with riffle splitter and 250 grams pulverized to 85 per cent less than 75 micrometres. Prepared samples are sent to Lima by ALS Peru for analysis. ALS Peru is an independent laboratory. Samples are analyzed for 48 elements using a four-acid digestion and inductively coupled plasma mass spectrometry analysis (ME-MS61). Overlimit samples for copper and silver were reanalyzed by four-acid digestion and inductively coupled plasma atomic emission spectroscopy (ME-OG62). In addition, sequential copper analyses are done 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 QA/QC through a program that includes the insertion of certified reference materials.

Esperanza project

The Esperanza Cu-Mo project is an early-stage exploration project in southern Peru consisting of 4,600 hectares of claims which are 100 per cent owned by DLP. Esperanza is located approximately 35 km southwest of the Cerro Verde mine in Arequipa and immediately south of the Chapi copper mine.

Copper-molybdenum mineralization was initially observed in an early reconnaissance program undertaken in 2022. Subsequently, DLP has completed a satellite alteration mapping program over the project and identified alteration consistent with porphyry copper-molybdenum systems. Follow-up of alteration and subsequent sampling and mapping commenced in early 2024.

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, trading symbol DLP, and on the OTCQB, trading symbol DLPRF.

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