Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES COINCIDENT MAGNETIC ANOMALY WITH COPPER AND MOLYBDENUM ANOMALIES AT THE ESPERANZA PORPHYRY COPPER-MOLYBDENUM PROJECT IN SOUTHERN PERU

DLP Resources Inc. has completed a 280-line-kilometre aeromagnetic drone survey covering 30 square km on the Esperanza project in southern Peru. The aeromagnetic drone survey contracted to DK Mining Ltd. and Fargo Exploration was flown on a north-south grid of 200-metre line spacings and infill line spacings of 100 m. The survey defined a characteristic magnetic high surrounded by magnetic lows co-incident with mapped porphyry-related alteration, high-resolution spectral alteration mineral mapping, and anomalous copper and molybdenum anomalies. The copper and molybdenum anomalies were previously identified from rock chip geochemical sampling earlier in 2024 (see DLP Resources news releases dated March 13 and April 25, 2024).

The geochemical sampling, alteration and magnetic anomaly maps define and confirm coincident anomalies which extend over approximately four by four km.

Mr. Gendall, president and chief executive officer, commented: "The Esperanza project is a grassroots porphyry copper-molybdenum project which is in a fantastic location in southern Peru and was completely unexplored until early 2024. Initial sampling and mapping commenced in January, 2024, and field observations together with the first set of 97 rock results were very encouraging. The recent aeromagnetic drone survey has confirmed a coincident magnetic anomaly with our alteration mapping, spectral alteration mapping and ground geochemistry. This is exciting and we believe we have strong evidence for a buried porphyry copper-molybdenum system at depth. Permitting a drill program for 2026 is our next step on this encouraging project".

Quality control and quality assurance

DLP Resources Peru SAC, a subsidiary of DLP Resources, supervises sampling and carried out surface sampling and mapping of outcrop at the Esperanza project (see DLP Resources news releases dated March 13 and April 25, 2024). Rock chip sampling was done within a maximum area of two m by two m 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 g 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 ICP-MS analysis (ME-MS61). Overlimit samples for copper and silver were reanalyzed by four-acid digestion and ICP-AES (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 quality control and quality assurance (QA/QC) through a program that includes the insertion of certified reference materials.

Esperanza project

The Esperanza Cu-Mo (copper-molybdenum) project is an early stage exploration project in southern Peru consisting of 8,600 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 Minera Pampa de Cobre (Chapi) copper mine, and lies between Rio Tinto and Vale ground holdings in the district. Cerro Verde represents one of the largest copper reserves in Peru and in the world, having total mineral reserves of 4.577 billion tonnes of ore grading 0.35 per cent copper, 0.01 per cent molybdenum and 1.52 g/t silver.

Copper-molybdenum mineralization at Esperanza was initially observed in an early reconnaissance program undertaken in 2022. Subsequently we have 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.

Results for 97 rock samples taken in the initial reconnaissance sampling and mapping of the northwestern part of the project returned highly anomalous copper, molybdenum, cobalt and zinc in mapped intrusive stocks and polymictic breccias within the overlying volcanics.

Rock chip samples from this early sampling in 2024 returned up to 4.71 per cent Cu, 28.8 parts per million Mo, 3,540 ppm zinc and 383 ppm cobalt (see DLP Resources news releases dated March 13 and April 25, 2024).

Qualified person

Mr. Gendall, chief executive officer and president of the company, is the qualified person as defined by National Instrument 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-V, trading symbol DLP, and on the OTCQB, trading symbol DLPRF, and on the FSE, trading symbol J8C.

We seek Safe Harbor.