Mr. Ian Gendall reports

DLP RESOURCES INC. ANNOUNCES UP TO $10 MILLION PRIVATE PLACEMENT FINANCING

DLP Resources Inc. has entered into an agreement with Paradigm Capital Inc. to act as agent and sole bookrunner, in connection with a proposed commercially reasonable efforts private placement financing for total proceeds of up to $6-million, consisting of up to 20 million units of the company at a price of 30 cents per unit.

Each unit shall comprise one common share of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable from time to time for a period of three years from the closing date (as defined herein) to purchase one common share at an exercise price of 45 cents per warrant share.

In addition, the company granted the agents an option to sell up to three million additional units at the issue price for additional proceeds of up to $900,000, exercisable up to 48 hours prior to the closing date.

Concurrently with the brokered offering, the company intends to complete a non-brokered private placement of up to 13,333,334 units at the issue price for gross proceeds of up to $4-million.

The net proceeds from the offering will be used for exploration and the completion of a National Instrument 43-101-compliant preliminary economic assessment report for the company's Aurora property, general working capital, and corporate purposes, each as detailed in the disclosure document (as defined herein).

The company has agreed to pay the agent a cash commission equal to 6 per cent of the gross proceeds raised under the brokered offering, which shall be reduced to 1 per cent for subscribers on a president list designated by the company. The company will also issue the agent broker warrants entitling the agent, for a period of two years from the closing of the brokered offering, to purchase that number of common shares at the issue price as is equal to 6 per cent of the number of units issued in the brokered offering, other than in respect of any units issued to subscribers on the president list.

The units will be offered to purchasers resident in each of the provinces in Canada (excluding Quebec) by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and in such other jurisdictions as may be mutually agreed upon by the lead agent and the company. The company will file a Form 45-106F19 (the disclosure document) in accordance with the requirements of the listed issuer financing exemption. The units may be offered to investors in the United States and any sale of units in the United States will be made to accredited investors pursuant to Rule 506 of Regulation D (including qualified institutional buyers as defined in Rule 144A that are also accredited investors) adopted by the U.S. Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended.

There is an offering document related to this offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The offering is expected to close on or about June 24, 2025, and will be subject to regulatory approvals and customary closing conditions, including approval for listing of the common shares, warrant shares and broker shares on the TSX Venture Exchange.

About DLP Resources Inc.

DLP Resources is a mineral exploration company operating in southern Peru and southeastern British Columbia, exploring for copper and base metals. DLP is listed on the TSX-V (under the trading symbol DLP) and on the OTCQB (under the trading symbol DLPRF).

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