Camino and Nittetsu Extend Again by One Additional Week Exclusive Rights to Negotiate Copper Mine Acquisition in Chile
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Camino and Nittetsu Extend Again by One Additional Week
Exclusive Rights to Negotiate Copper Mine Acquisition in Chile
Vancouver, September 6, 2024 – Camino Minerals Corporation (TSXV: COR) (OTC: CAMZF) (WKN:
A116E1) (“Camino” or the “Company”) and Nittetsu Mining Co., Ltd. ("Nittetsu") announce a one-
week extension to their exclusive rights to finalize negotiations and documentation for the
acquisition of the Puquios Project (the “Proposed Acquisition”), a construction-ready copper mine
located in Chile (see news release dated June 27, 2024). The exclusivity period has been extended
to September 14, 2024.
About Nittetsu Mining CO., Ltd.:
Nittetsu is a Japanese corporation listed on the Tokyo Stock Exchange with an 85-year history as a
mining and trading company. Nittetsu is the operator of the Atacama Kozan mine located in the
prolific Candelaria-Punta del Cobre copper district which is known to host iron-oxide-copper-gold
type ore deposits. In addition, Nittetsu has made a decision to start construction of its 80% owned
Arqueros copper mine in Chile. Nittetsu has expertise in processing, distributing, importing, and
exporting copper and other mineral products. Other businesses include: purchasing and distributing
coal and petroleum products; developing and distributing equipment, machinery and environment-
related products; real estate; power generation using renewable energy; the supply and sale of
electricity; and mining and distributing industrial minerals including limestone.
About Camino Minerals Corporation:
Camino is a discovery and development stage copper exploration company. Camino is focused on
advancing its high -grade Los Chapitos copper project located in Peru through to resource
delineation and to add new discoveries. Camino has also permitted the Maria Cecilia copper
porphyry project for a n exploration drilling program which is currently underway . In addition,
Camino has increased its land position at its copper and silver Plata Dorada project. Camino seeks
to acquire a portfolio of advanced copper ass ets that have the potential to deliver copper into an
electrifying, copper intensive global economy. For more information, please refer to Camino’s
website at www.caminocorp.com.
ON BEHALF OF THE BOARD For further information, please contact:
/S/ “Jay Chmelauskas” Camino Investor Relations
President and CEO [email protected]
Tel: (604) 493-2058
Completion of the Proposed Acquisition is subject to a number of conditions, including but not limited
to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the
Proposed Acquisition cannot close until the required shareholder approval is obtained. There can be
no assurance that the Proposed Acquisition will be completed as proposed or at all. Investors are
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
cautioned that, except as disclosed in the management information circular or filing statement to be
prepared in connection with the Proposed Acquisition, any information released or received with
respect to the Proposed Acquisition may not be accurate or complete and should not be relied upon.
Trading in the securities of Camino should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Proposed Acquisition
and has neither approved nor disapproved the contents of this news release.
Cautionary Note Regarding Forward Looking Statements : Certain disclosures in this release
constitute forward-looking information. In making the forward -looking disclosures in this release,
the Company has applied certain factors and assumptions that are based on the Company’s current
beliefs as well as assump tions made by and information currently available to the
Company. Forward-looking information in the release includes statements with respect to the
entering into of the definitive agreements in respect of the Proposed Acquisition and acquisition of
the Puquios Project. Although the Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect, and the forward -looking
information in this release is subject to numerous risks, uncertainties and other fa ctors that may
cause future results to differ materially from those expressed or implied in such forward -looking
information. Such risk factors include, among others, risk that the Proposed Acquisition will not be
completed as anticipated, or at all; risk that the Company will not be able to complete its due
diligence and negotiate definitive documentation by September 14, 2024 in respect of the Proposed
Acquisition; risk that the Company will not receive requisite regulatory and shareholder approvals or
satisfy the customary conditions in respect of the Proposed Acquisition as anticipated, or at all; risk
that the Company and Nittetsu will not be able to establish a 50:50 joint venture in re spect of the
Puquios Project and the sharing of copper off -take for the Puquios Project as anticipated, or at all;
risk that the consideration payable by Nittetsu and Camino, respectively, in respect of the Proposed
Acquisition will not be as anticipated; risk that the anticipated synergies between Nittetsu and
Camino in respect of th e Puquios Project will not be realized as contemplated, or at all; risk that
actual results of the Company’s exploration activities may be different than those expected by
management; risk that the Company may be unable to obtain or will experience delays in obtaining
any required authorizations and approvals; and risks related to the state of equity and commodity
markets. Readers are cautioned not to place undue reliance on for ward-looking statements. The
Company does not intend, and expressly disclaims any intention or obligation to, update or revise
any forward-looking statements whether as a result of new information, future events or otherwise,
except as required by law.