Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES COMMENCEMENT OF 2025 DRILLING ON THE AURORA PORPHYRY COPPER-MOLYBDENUM-SILVER PROJECT IN SOUTHERN PERU

DLP Resources Inc. has commenced drilling of A25-023 on the Aurora porphyry copper-molybdenum-silver deposit in southern Peru.

Aurora project (porphyry copper-molybdenum-silver deposit)

On Feb. 27, 2025, DLP reported the results of a National Instrument 43-101 technical report on the maiden mineral resources for the Aurora project. The mineral resources are effective Jan. 31, 2025, and were prepared by independent AMC Consultants Pty. Ltd. The report can be found under the company's profile on SEDAR+ and on the company's website.

Highlights of the Aurora maiden mineral resource included:

• Greater-than-one-billion-tonne inferred resource;
• The mineral resource contains 4.65 billion pounds of copper, 1.11 billion pounds of molybdenum and 80 million ounces of silver;
• A pit-constrained inferred resource of 1.05 billion tonnes grading 0.20 per cent copper, 0.05 per cent molybdenum and 2.4 grams per tonne silver (0.44 per cent copper equivalent);
• The mineral resource is divided into a copper-rich zone and a molybdenum-rich zone with consistent distribution of mineralization; initial studies indicate these zones are laterally continuous within the modelled domains;
• The mineralization remains open in many directions for further expansion of the mineral resources.

Aurora 2025 drill program and preliminary economic assessment

Continued drilling along extensions of known copper-molybdenum-silver mineralization to the west and southeast will be done during 2025. A drill program of between 6,000 metres and 7,000 metres in seven drill holes will include both extension and infill drilling. The first diamond drill hole, A25-023, commenced on July 16 on an azimuth of 215 degrees with an inclination of minus 70 degrees to a planned depth of 1,000 metres. This hole is planned to both extend and infill mineralization on the southwestern side. Within the next week, a second drill hole will commence in the southeast.

Further to the drilling, a preliminary economic assessment (PEA) is planned to commence in August, 2025, with expected completion date to be December, 2025.

Ian Gendall, president and chief executive officer, commented: "We are excited to be starting the next phase of expansion and infill drilling at Aurora combined with the PEA, which will commence in August. Within the next week, we will have a second rig drilling an expansion hole in the southeast. This is an important year for evaluating the economic viability of Aurora and having the PEA published in Q1 of 2026."

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 metres were drilled over an area of approximately 1,000 metres by 800 metres 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 metres at 0.57 per cent Cu and 0.008 per cent Mo in DDA-1, with a high-grade intercept of 20 metres at 1.01 per cent Cu related to a supergene enrichment zone of secondary chalcocite;
• 142 metres at 0.5 per cent Cu and 0.004 per cent Mo in DDA-3;
• 71.7 metres at 0.7 per cent Cu and 0.007 per cent Mo in DDA-3A (see historical Focus Ventures Ltd. news release dated July 11, 2012);
• One of the historical holes (ABC-6) drilled on the edge of the system intersected 78 metres 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 old) Sandia formation.

In addition to the historic drilling, a mineral resource has been defined on the 400 hectares at the Aurora project. The mineral resource is based on 24 diamond drill holes of DLP, with a total drill metreage of 18,400 metres. The mineral resources are effective Jan. 31, 2025, and were prepared by independent AMC Consultants. The report can be found under the company's profile on SEDAR+ and on the company's website.

Qualified person

Mr. Gendall, chief executive officer and president of the company, is the qualified person as defined by NI 43-101. Mr. Gendall 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 under the trading symbol DLP and on the OTCQB under the trading symbol DLPRF.

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