Mr. Ian Gendall reports

DLP EARNS 100% OWNERSHIP OF AURORA PROJECT AND SECURES SIX-YEAR COMMUNITY LAND USE AGREEMENT

DLP Resources Inc. has obtained two significant milestones for its Aurora porphyry copper-molybdenum-silver project, located in southern Peru, including securing 100-per-cent ownership of Aurora as well as a six-year land use extension with the Parobamba community.

DLP achieves 100-per-cent ownership of the Aurora project

DLP has successfully fulfilled all commitments under the SMRL Parobamba II (SP II) option agreement (see DLP news release dated May 18, 2021), exercising its option to earn 100 per cent of the Aurora project. DLP's decision to exercise its option and assume full ownership reflects the company's conviction in the project's long-term value. This milestone eliminates any remaining interest dilution and positions DLP as the sole owner of the 10-billion-plus-pound copper equivalent inferred resource base at Aurora (see DLP news release dated Feb. 27, 2025).

Parobamba community approves six-year land use extension

On June 14, 2026, the Parobamba community, where the Aurora project is located and operates, voted to approve a six-year extension of the land use and exploration agreement. This demonstrates the strong, collaborative relationship DLP has built with the local community, and provides the company with the long-term access and social licence required to advance the project through its next stages of development. The agreement will formally be registered with the Public Registry Office in Cusco within the next month.

Mr. Gendall, president and chief executive officer, commented: "Reaching 100-per-cent ownership of Aurora, combined with the Parobamba community's six-year land use extension represents an important moment for DLP. We now have full control of a 1.05-billion-tonne inferred resource and the community partnership to advance it. Once environmental permits are secured, we will be ready to move forward with infill drilling and continue unlocking Aurora's potential. Aurora's scale, grade and favourable metallurgy underpin a project with strong, long-term optionality."

Preliminary economic assessment (PEA) update

Aurora's PEA, being conducted by three engineering firms including Global Resource Engineering, SRK and Ausenco, is expected to be completed in Q3 2026. The scope of the study involves evaluating combined open pit and underground mining scenarios alongside optimal infrastructure layouts, with the objective of identifying the best long-term economic outcome. Aurora's unique geometry presents the potential to access high-grade molybdenum resources in the early years of production alongside large-scale open pit copper; a combination management believes will significantly strengthen the project's economic profile.

About DLP Resources Inc.

DLP Resources is a mineral exploration company focused on its Aurora porphyry copper-molybdenum-silver project and Esperanza porphyry copper-gold project in Southern Peru. In February, 2025, DLP announced a 1.05-billion-tonne inferred maiden resource grading 0.44 per cent CuEq (copper equivalent) (0.20 per cent Cu (copper), 0.05 per cent Mo (molybdenum), 2.4 g/t Ag (silver)) prepared by AMC Consultants Pty Ltd. At Esperanza, the company is progressing toward a maiden drill program in 2026, following up on the high-grade trench-panel sampling results corresponding with a 3.0-kilometre-by-2.5-kilometre magnetic anomaly. DLP is listed on the TSX Venture Exchange (DLP), on the OTCQB (DLPRF) and on the Frankfurt Stock Exchange (J8C).

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