Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES COMMENCEMENT OF 2024 DRILLING AT AURORA

DLP Resources Inc. has commenced drilling of the 14th diamond drill hole, on the Aurora porphyry copper-molybdenum project in Peru.

Aurora project (porphyry Cu-Mo target)

Aurora is a porphyry copper-molybdenum project in southern Peru with the potential to host a significant copper-molybdenum mineralized system. Drilling of 13 diamond drill holes was completed in December, 2023, and results have been released for all 13 holes (see DLP news release dated Jan. 4, 2024). A summary of results for the 2022/2023 drilling is highlighted herein.

Continued drilling along extensions of known copper-molybdenum mineralization to the northeast and southeast will be done during 2024. Diamond drill hole A24-014 commenced on April 24 on an azimuth of 050 degrees with an inclination of minus 70 degrees. A23-014 will be drilled approximately 270 metres to the northeast of A23-013 to a planned depth of 1,000 m.

Ian Gendall, president and chief executive officer, commented: "A23-014 will be drilled on the northeast limit of our 2023 drilling to expand copper and molybdenum mineralization into the northeast area. It was to the northeast in late 2023 that we encountered veined, brecciated rock samples on surface which reported anomalous copper and molybdenum mineralization in assay results received. We are extremely excited with the initiation of this 2024 drill program with a planned 10,000 m of drilling and look forward to results in early June."

Quality assurance and quality control

DLP Resources Peru SAC, a subsidiary of DLP Resources, supervises drilling and carries out sampling of HTW, NTW and BTW core. Logging and sampling are completed at a secured company facility situated on the project site. Sample intervals are nominally 1.5 to three m 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 SAC sample preparation facility in Arequipa by company vehicles and staff. 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). 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 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 all 13 drill holes.

Aurora project history

The Aurora project is an advanced-stage porphyry copper-molybdenum exploration project in the province of Calca, southeastern Peru. The Aurora project was previously permitted for drilling in 2015 but was never executed. Thirteen historical drill holes, drilled in 2001 and 2005 totalling 3,900 m, were drilled over an area of approximately 1,000 m by 800 m, and 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 13 holes tested the enriched copper zone and only one hole drilled deep enough to test the primary copper and molybdenum zone (see DLP Resources news release of May 18, 2021).

Salient historic drill hole data of the Aurora project are:

• 190 m at 0.57 per cent Cu, 0.008 per cent Mo in DDA-1 with a high-grade intercept of 20 m at 1.01 per cent Cu related to a supergene enrichment zone of secondary chalcocite;
• 142 m at 0.5 per cent Cu, 0.004 per cent Mo in DDA-3;
• 71.7 m at 0.7 per cent Cu, 0.007 per cent Mo in DDA-3A (see historical Focus Ventures Ltd. news release July 11, 2012);
• One of the historical holes ABC-6 drilled on the edge of the system intersected 78 m at 0.45 per cent Cu and 0.107 per cent Mo.

A review of the historical drilling indicates that the majority of the 13 holes were drilled in the leached and partially leached zones of the porphyry system. Ten of the 13 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 million to 463 million years) Sandia formation.

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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