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CDPR.V ·

Cerro de Pasco Resources announces Correction

Corporate Updates

CSE:CDPR

Cerro de Pasco Resources announces Correction

to Press Release issued November 8, 2021

MONTREAL, QUÉBEC , CANADA — (November 8, 20 21) Cerro de Pasco Resources Inc. (CSE:CDPR)

(Frankfurt: N8HP) (“CDPR” or the “Company“) announces a correction to its press release titled “Cerro de

Pasco Resource to Acquire Trevali’s Santander Mine ” (the “Initial Press Release”) disseminated on

November 8, 2021 at 7:01 a.m. (Eastern Standard Time).

The Initial Press Release incorrectly described conditions subject to which 10 million shares of CDPR will

be issued as consideration under the share purchase agreement (the “Agreement”) entered into with

Trevali Mining Corporation (“Trevali”) (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI).

The Initial Press Release should have mentioned that under the terms of the Agreement, t he Company

will issue 10 million shares of CDPR to Trevali, which will be release from escrow and freely tradable

according to the following schedule: (i) 10% at closing of the transaction, and (ii) 15% every six months

thereafter.

This correction does not change any other information reported in the Initial Press Release.

About Cerro de Pasco Resources Inc.

Cerro de Pasco Resources Inc. is a resource management company attuned to the most demanding

environmental, social and legal compliance required by global institutions and investors. The key strategic

strength of the Corporation is an unparalleled knowledge of the challenges and oppor tunities presented

by the mineral endowment within the city of Cerro de Pasco combined with a highly experienced and

practical team of both Peruvian and international management. The key focus of the Corporation will be

on developing the El Metalurgista m ining concession using advanced geo-resource and industrial

development solutions in order to secure long-term economic operational sustainability in harmony with

a healthy and prosperous local population.

Contact Information

Cerro de Pasco Resources Inc.

Guy Goulet, President and CEO

Tel.: 579 476-7000

Email: [email protected]