Cerro de Pasco Resources Announces Clarifications to its NI 43-101 Compliance Disclosure
PRESS RELEASE
Cerro de Pasco Resources Announces Clarifications to its
NI 43-101 Compliance Disclosure
Montreal, Québec, April 13, 2026 – Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQB: GPPRF)
(Frankfurt: N8HP) (BVL: CDPR) (the “Company”) announce s that it has undertaken additional
measures to ensure that its ongoing disclosure fully complies with National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”).
In particular, the se additional measures include references to disclosure relating to quantity,
grade or metal content , which heretofore may have included elements such as projected
operational or financial parameters . W hen presented individually, such information could be
considered as having economic connotations prohibit ive to NI 43 -101. Moreover, the use of
historical data that could be interpreted as current mineral resources and requires the support of
a compliant technical report, at this time, has not been fulfilled due to insufficient drilling.
The aforenoted material has now been amended and replaced in the Company’s corporate
presentation and website material and will be update d when the NI 43-101 compliant report is
completed.
Accordingly, pursuant to the news release dated March 26, 2026 wherein CDPR announced the
strategic collaboration with AMSAC, a Peruvian state -owned entity responsible for the
remediation of legacy mining environmental liabilities, CDPR is now pleased to announce that it
has obtained access across the full tailings footprint - enabling a comprehensive development
approach - involving surface access, operational coordination and drilling activities
complementing its existing concession rights over said tailings area.
The Company therefore expects to commence drilling activities shortly , with initial programs
targeted for June 2026.
The Company is committed to full compliance with applicable scientific and technical disclosure
requirements and is implementing enhanced internal processes to ensure the accuracy and
compliance of its future public disclosure.
Technical Information
Mr. Alfonso Palacio Castilla, MIMMM/Chartered Engineer (CEng) and Senior Project Manager for
the Company, has reviewed and approved the scientific and technical information contained in
this news release. Mr. Palacio is a Qualified Person for the purposes of reporting in compliance
with NI 43-101.
About Cerro de Pasco Resources
Cerro de Pasco Resources Inc. is focused on the development of its principal 100%-owned asset,
the El Metalurgista mining concession, which includes the Quiulacocha tailings in central Peru.
The Company’s approach integrates metals recovery with environmental remediation, targeting
the reprocessing of one of the world largest mineral assets.
For more information, please visit www.pascoresources.com.
For further Information
Guy Goulet, CEO
T elephone: +1 579 476 7000
Mobile: +1 514 294 7000
Donna Yoshimatsu, Senior Strategic Advisor / Investor Relations
Mobile: +1 416-722-2456
Forward Looking Statements
Certain information contained herein may constitute “forward -looking information” under
Canadian securities legislation. Generally, forward -looking information can be identified using
forward-looking terminology such as “plans” , “seeks” , “expects”, “estima tes” , “intends” ,
“anticipates” , “believes” , “could” , “might”, “likely” , “scheduled” or variations of such words or
statements that certain actions, events or results “may” , “will” , “could” , “would” , “might” , “will be
taken” , “occur” , “be achieved” or other similar expressions. The Company has not established a
mineral resource for the Quiulacocha tailings in accordance with NI 43 -101. Ongoing drilling,
assay, metallurgical and related technical work are intended to support a first mineral resource
estimate and future technical studies. Forward-looking statements, including the expectations of
CDPR’s management regarding the advancement, timing, scope and completion of work
programs at the Quiulacocha Tailings Reprocessing Project; the anticipated timing, content and
results of metallurgical, mineralogical, environmental, hydrogeological and geotechnical test
work and studies; the expected timing for completion of the integrated metallurgical program,
hydrogeological and geotechnical models and other technical datasets required for
feasibility-level engineering and mine planning; the preparation, timing and potential results of
the first Mineral Resource Estimate for the Quiulacocha tailings; and the expected benefits of
tailings reprocessing; the timing, outcome and impact of permitting and regulatory processes, are
based on CDPR’s estimates and are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of CDPR
to be materially different from those expressed or implied by such forward-looking statements or
forward-looking information. Forward-looking statements are subject to business and economic
factors and uncertainties and other factors, that could cause actual res ults to differ materially
from these forward-looking statements, including the relevant assumptions and risk factors set
out in CDPR’s public documents, available on SEDAR+ at www.sedarplus.ca. There can be no
assurance that such statements will prove to b e accurate, as actual results and future events
could differ materially from those anticipated in such statements. Although CDPR believes that
the assumptions and factors used in preparing the forward -looking statements are reasonable,
undue reliance shoul d not be placed on these statements and forward -looking information.
Except where required by applicable law, CDPR disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new information, future event s or
otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.