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CDPR.V ·

Cerro de Pasco Resources Announces Grant of Options

Share Capital & Compensation

Cerro de Pasco Resources Announces Grant of Options

MONTRÉAL, QUÉBEC, CANADA — (September 8, 2023) Cerro de Pasco Resources Inc. (CSE: CDPR)

(OTCMKTS: GPPRF) (Frankfurt : N8HP) (“CDPR” or the ”Co mpany”) announces it has granted 4,900,000

options to directors, officers, employees and consultants of the Corporation. These options are granted

in accordance with the terms of the CDPR’S Stock Option Plan. All options vest on their date of grant and

each option entitles the holder thereof to purchase one common share of the Corporation at a price of

$0.20 for periods of two or five years from September 5, 2023.

About Cerro de Pasco Resources

Cerro de Pasco Resources Inc. (CDPR) is a mining and resource management company, with the goal to

become the next mid -tier producer of base metals in Peru. CDPR is currently engaged in mining,

developing and exploring our wholly owned 6,000 hectare Santander Mine in the highly prospe ctive

Antamina-Yauricocha Skarn Corridor, located 215 km from Lima. CDPR is also focused on the development

of its principal 100% owned asset, El Metallurgista mining concession comprising mineral tailings and

stockpiles extracted from the Cerro de Pasco o pen-pit mine in central Peru. The company’s approach at

El Metalurgista entails the reprocessing and environmental remediation of mining waste and the creation

of numerous opportunities in a circular economy. CDPR founded on clear the objectives, to engender long-

term economic sustainability and benefit for the local population, from an economic, social and health

point of view.

Forward-Looking Statements and Disclaimer

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”, “estimates”, “intends”, “anticipates”, “believes”, “could”,

“might”, “likely” 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 exp ressions.

Forward-looking statements, including the expectations of CDPR’s management regarding the completion

of the Transaction as well as the business and the expansion and growth of CDPR’s operations, are based

on CDPR’s estimates and are subject to kn own 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 results to differ materially from these forward -looking

statements, including the relevant assumptions and ri sks factors set out in CDPR’s public documents,

available on SEDAR at www.sedar.com. 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. Although CDPR believes that the assumptions and factors used in preparing the forward -

looking statements are reasonable, undue reliance should 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 events or otherwise.

Further Information

Guy Goulet, CEO

Telephone: +1-579-476-7000

Mobile: +1-514-294-7000

[email protected]