Camino Corporation Commences Drilling at Costa de Cobre District-Scale IOCG Copper Discovery in Peru
(1) All previously disclosed technical and scientific information in respect of the Los Chapitos copper
project remains applicable to the Costa de Cobre Project.
Camino Corporation Commences Drilling at Costa de Cobre District-Scale
IOCG Copper Discovery in Peru
VANCOUVER, April 16, 202 6 – Camino Minerals Corporation (TSXV: COR) (OTC: CAMZF)
(“Camino” or the “ Company”) is pleased to announc e the commencement of a drilling
campaign at its Costa de Cobre district-scale IOCG copper discovery in Peru (“Costa de
Cobre” or “Copper Coast”), previously referred to as the Los Chapitos copper project(1).
Camino has rebranded the Los Chapitos project as the Costa de Cobre , the Copper Coast, to
better reflect its low -elevation coastal setting and strategic proximity to key infrastructure,
including the proposed San Juan de Marcona Port Terminal , a major new port facility planned
approximately 125 km to the north at Marcona. The Costa de Cobre project is advancing to the
next stage of exploration and development as the Company enters into a joint venture with
Nittetsu Mining Co., Ltd. (“Nittetsu”), under which Camino will serve as operator and hold a 65%
interest, while Nittetsu will hold the remaining 35% interest. Camino is also developing the
permitted Puquios copper mine in Chile in a 50/50 Joint Venture partnership with Nittetsu
targeting a finance package and construction commencement in mid-2026.
The district in which Costa de Cobre is located hosts one of the world’s newest large scale copper
mines, Mina Justa, and includes copper exploration claims held by major mining companies,
such as Rio Tinto and subsidiaries of Antofogasta PLC , and major iron ore projects, Pampa de
Pongo and Marcona. The presence of nearby operating mines and exploration projects is strictly
for regional context and is not necessarily indicative of mineralization on the Costa de Cobre
Project; production at nearby operating mines is not indicative that the Company will achieve
similar results.
Photo 1. Drilling commences at the Mirador target at the Costa de Cobre copper project.
Camino has completed over 28,000 metres of drilling at Costa de Cobre at multiple discovery
locations and in recently released the results of the initial phase of the drilling campaign (see
news release dated February 17, 2026) including a notable intersection of 83.5 m @ 0.94% Cu &
10.40 g/t Ag, including 7.1 m @ 2.13% Cu and 34.36 g/t Ag, reinforcing the high-grade potential
of near-surface mineralization with clear upside towards a sulphide system at depth. The drilling
results referenced are from Camino’s previously completed exploration programs and should
not be interpreted as representative of mineral resources or mineral reserves.
Following multiple successful exploration campaigns, Camino is targeting large -scale copper
mineralization along major structural corridors, including the Diva and La Estancia fault systems,
which extend over 8 km and 12 km , respectively. These regional structures are interpreted as
primary conduits for hydrothermal fluids and copper deposition, which enhance the scale of the
project. Recent drilling and surface programs have confirmed the presence of extensive copper
oxide mineralization associated with hydrothermal breccias and manto-style bodies.
“The current drilling campaign is expected to include approximately 1,100 meters of drilling ,
focused on the copper oxide in the first 100 m and sulphide at depth in Diva and La Estancia
fault, and is aimed at expanding known mineralized zones and testing high -priority structural
corridors. This next phase of drilling is designed to further define copper mineralization at Costa
de Cobre,” stated Orlando Pariona, Chief Geologist of Camino, Peru.
Figure 1. Location of the claims at Costa de Cobre 2026 and neighbours.
Coastal Advantage and Access to Markets
The proposed San Juan de Marcona Port represents a significant strategic advantage for
Camino’s Costa de Cobre copper project and the overall mining sector in southern Peru. Located
approximately 125 km from Costa de Cobre, with direct access via the Panamericana Sur, the
new mining-focused port is expected to improve logistics and efficiency by reducing transport
distances and lowering costs for copper production exports in the area. With planned capacity
of up to 47 million tonnes per year and infrastructure designed to h andle bulk mineral
shipments, the port may increase the economic viability of development -stage projects by
improving operating margins and project NPV. The proposed port project could enable mining
growth in the region, providing further investment potential and strengthening Peru’s position
as a globally competitive copper producer.
About Camino
Camino is a discovery and development stage copper exploration company. The Company has
entered into a joint venture partnership with Nittetsu Mining Co., Ltd. To advance the
construction-ready Puquios copper project in Chile toward development and production.
Camino is advancing its IOCG Costa de Cobre copper project located in Peru through to resource
delineation and development, and to add new discoveries. Camino has also permitted the Maria
Cecilia copper porphyry project for exploration discovery drilling to add to its NI43 -101
resources. In addition, Camino has increased its land position at its cop per and silver Plata
Dorada project. Camino seeks to acquire a portfolio of advanced copper assets 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.
Jose A. Bassan, MSc. Geologist, an independent geologist FAusIMM (CP) 227922, a qualified
person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects,
has reviewed and approved the technical contents of this document. Mr. Bassan has reviewed
and verified relevant data supporting the technical disclosure, including sampling and analytical
test data.
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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
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 assumptions made by and information currently available to the
Company. Forward-looking information in the release includes, without limitation, statements with
respect to the prospectivity of future explorat ion work at Costa de Cobre , future planned drilling
programs, the interpretation of geological models, the potential continuity and extent of mineralized
systems, the continuation of drilling with future campaigns, and the prospectivity for copper
exploration in new targets. 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, uncertai nties and other factors that
may cause future results to differ materially from those expressed or implied in such forward-looking
information. Such risk factors include, among others, that actual results of the Company’s exploration
activities may be different than those anticipated by management; that geological interpretations,
including the continuity or extent of mineralized bodies, may change with additional drilling; that the
Company may not realize the benefits of joint ventures and/or strategic partnerships; that the
Company may be unable to obtain or may experience delays in obtaining
required permits, authorizations and appr ovals; operational and technical risks inherent in
exploration; risks related to third -party infrastructure development and timing, including the
proposed San Juan de Marcona Port; and risks related to the state of equity and commodity markets.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does
not intend, and expressly disclaims any intention or obligation to, update or revise any forw ard-
looking statements whether as a result of new information, future events or otherwise, except as
required by law.