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CDPR.V ·

Cerro de Pasco Resources Announces Application to list on the Toronto Stock Exchange

Corporate Updates

Cerro de Pasco Resources Announces Application

to list on the Toronto Stock Exchange

MONTREAL, QUEBEC, CANADA - (August 29, 2022) Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS:

GPPRF) (Frankfurt: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that it has applied to list

its common shares ("Common Shares") on the Toronto Stock Exchange ("TSX") with the view of increasing

access to capital markets.

Listing is subject to the approval of the TSX in accordance with its original l isting requirements. The TSX

has not conditionally approved CDPR's listing application and there is no assurance that the TSX will

approve the listing application or that CDPR will complete the proposed listing.

Guy Goulet, Chief Executive Officer of CDPR, stated: "Listing our shares to the TSX will mark a valuable

milestone that will highlight CDPR's impact. This is a crucial step in our growth that will significantly

increase our brand recognition and could lead to enhanced trading activity. By listing on the TSX, we seek

to further enhance the Co rporation's visibility and accessibility to domestic, international and global

investors."

TSX Application Details

Listing of the Common Shares on the TSX remains subject to the review and approval from the TSX of the

Corporation's listing application and the satisfaction of all other applicable listing and regulatory

requirements. To be considered for trading on the TSX, the Co rporation must demonstrate that it meets

certain financial conditions.

About Cerro de Pasco Resources

Cerro de Pasco Resources Inc. is a mining and resource management company applying the most

demanding environmental, social and governance standards required by global institutions and investors.

The key strategic strength of the Corporation is an unparalleled knowledge of the challenges and

opportunities presented by the mineral endowment in and around the city of Cerro de Pasco combined

with a highly experienced and practical team of both Peruvian and international management. Th e key

focus of growth for the Corporation will be on developing the El Metalurgista mining concession using

world class geo-resource and industrial development solutions to secure long-term economic operational

sustainability in harmony with a healthy and prosperous local population. The Corporation, currently

operating the Santander Mine, is also keen on acquiring and operating mines suited for the Corporation’s

strategic growth plan.

Forward-Looking Statements and Disclaimer

Certain information contained herein may constitute “forward-looking information” or “forward-looking

statements” under Canadian securities legislation. Generally, forward -looking information can be

identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “could”, “will”, “budget”,

“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations including negative

variations thereof of such words and phrases that refer to certain actions, events or results that may, occur

or be taken or achieved. Such forward-looking statements, including but not limited to statements relating

to the expected timing of the revocation of the MCTO, statements with respect to future events or future

performance, the realization of the anticipated benefits deriving from CDPR’s investments, including from

its investment in green hydrogen research and development, the general performance of the assets of the

Corporation, and the results of exploration, development and production activities as well as expansions

projects relating to the properties of the Corporation, involve risks, uncertainties and other factors which

may cause the actual results to be materially different from those expressed or implied by such forward -

looking statements or forward -looking information. Such factors include, among others, risks related to

the exploration, development and mining operations; impacts of macroeconomic developments as well as

the impact of the COVID -19 pandemic; and any material adverse effect on the business, properties and

assets of the Corporation. There can be no assurance that such statements will prove to be accurate, as

actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking

information. The Corporation will not update any forward -looking statements or forward -looking

information included herein, except as required by applicable securities laws.

Contact Information

Cerro de Pasco Resources Inc.

Guy Goulet, CEO

Tel.: 579-476-7000

Email: [email protected]