Cerro de Pasco Resources Strengthens Social License with the Community of Quiulacocha
PRESS RELEASE
Cerro de Pasco Resources Strengthens Social License with the
Community of Quiulacocha
Montréal, Québec, Canada – December 15, 2025 – Cerro de Pasco Resources Inc. (TSXV: CDPR)
(OTCQB: GPPRF) (FRA: N8HP) (BVL:CDPR) (“CDPR” or the “Company”) is pleased to announce
the formalization of its surface use agreement with the Community of Quiulacocha. The
agreement was signed on December 11, 2025. This agreement reinforces CDPR’s long standing
collaborative framework with the community and strengthens the company’s social license to
operate, underscoring the constructive relationship that has supported the Quiulacocha Tailings
Project over time.
The agreement was approved by the Community Assembly and formalized before a public notary,
providing a clear framework for the coordinated use of designated surface areas associated with
the Quiulacocha Tailings Project. It encompasses a range of ongoing and planned technical
activities, including drilling, geotechnical and hydrogeological work, environmental baseline and
monitoring programs, engineering studies, and related field support activities. These activities
form part of CDPR’s established project development program and proceed alongside the
company’s broader technical and regulatory initiatives.
This agreement also confirms the alignment between CDPR and the Community of Quiulacocha
regarding the objectives of the Quiulacocha Tailings Project and reflects continued local support
for its responsible development. The agreement has a two -year, renewable term and includes
provisions related to community engagement, communication, local participation, and social
responsibility, reflecting the shared interest of the company and the community in advancing the
project in a transparent and collaborative manner.
Guy Goulet, CEO of Cerro de Pasco Resources, commented:
“We are fortunate to enjoy a highly collaborative relationship with the Community of
Quiulacocha, who have a long historic attachment to the mineral business and a clear
understanding of the environmental, social, and economic merits of our project. This agreement
responds to the needs of the Community and provides long term stability as we advance our
technical and engineering programs. It is the result of open dialogue and a collaborative
relationship that we value greatly. ”
The Quiulacocha Tailings Reprocessing Project continues to be recognized at the national level
for its importance to Peru and remains included in the Ministry of Economy and Finance’s
Specialized Priority Projects List. The project was first included in Ma rch 2023, reflecting its
potential to deliver meaningful environmental remediation, economic development, and social
benefits. This ongoing recognition underscores the project’s role in addressing a historic
environmental challenge while generating long term value for the region and the country.
This collaborative framework is consistent with established best practices for social engagement
and supports the broader environmental management and permitting processes applicable to
tailings reprocessing projects in Peru.
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About Cerro de Pasco Resources
Cerro de Pasco Resources is focused on the development of its one hundred percent owned El
Metalurgista mining concession in central Peru. The concession hosts silver -rich tailings and
stockpiles accumulated over more than a century of mining. The Company’s strategy is to
reprocess and remediate historic mining waste, unlocking value while supporting sustai nable
development.
CDPR is committed to advancing Quiulacocha as a model for responsible tailings reprocessing,
environmental remediation, and sustainable value creation in Peru.
For more information, please visit www.pascoresources.com.
Further Information
Guy Goulet, CEO
Telephone: +1 579 476 7000
Mobile: +1 514 294 7000
Email: [email protected]
Donna Yoshimatsu, Senior Strategic Advisor / Investor Relations
Mobile: +1 416-722-2456
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