Camino Receives Approval for Waste Dump Expansion and Achieves Milestone at the Puquios Copper Project in Chile

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Camino Receives Approval for Waste Dump Expansion and Achieves

Milestone at the Puquios Copper Project in Chile

VANCOUVER, October 8, 2025 – Camino Minerals Corporation (TSXV: COR) (OTC: CAMZF)

(“Camino” or the “Company”) is pleased to announce that the Chilean authority, the

Environmental Assessment Service , has issued an exempt resolution that approves the

modification to the location and volume of a waste dump for the Puquios copper project located

in Chile (“Puquios” or the “Puquios Project”), increasing the Project’s lifespan to 15 years.

This project modification approval supports Camino and its strategic partner Nittetsu Mining

Co., Ltd.’s (“Nittetsu” or “Nittetsu Mining”) efforts to pursue a financing package to build a

copper mine at the Puquios Project . The exempt resolution confirms that no separate

Environmental Impact Assessment ( “EIA”) is required for the approved changes. Camino and

Nittetsu are pursuing a project loan facility to build the Puquios Project and are currently

exploring options with Japanese lenders which, if successful, is expected to be competitive

against other alternatives available in the mining sector.

With this milestone, Camino and Nittetsu have agreed to cause Camino-Nittetsu Mining Chile

SpA (“Camino-Nittetsu JVCO”), an entity existing under the laws of Chile in which Camino and

Nittetsu each hold a 50% ownership interest , to commence payment of the contingent

payments payable to Santiago Metals Investment Holdings II SLU and Santiago Metals

Investment Holdings II -A LLC (together, the “ Vendors”) under the share purchase agreement

dated October 4, 2024 (as subsequently amended, the “ Share Purchase Agreement ”) among

Camino, the Vendors, Nittetsu, and Camino-Nittetsu JVCO. However, the Vendors have agreed

to waive and defer receipt of 50% of each of the initial three contingent payments (representing

Camino’s portion of each such contingent payment payable by Camino-Nittetsu JVCO) to March

1, 2026, in consideration for an additional CAD$750,000 to be paid by Camino on or before

March 1, 2026 . In accordance with the terms of the Share Purchase Agreement, t he deferred

contingent payments may be made in cash or common shares of Camino (“Common Shares”),

at the election of the Vendors upon payment in March 2026.

The Vendors are private companies owned by a fund advised by Denham Capital Management

LP (“Denham Capital”). For details of the Share Purchase Agreement, please refer to the

Company’s public filings, including the Company’s news release dated October 7, 2024.

Justin Machin, Managing Director at Denham Capital, and Director at Camino commented, “The

Puquios Project is progressing positively towards a final investment decision with the recent

expansion authorization . We are pleased to work with Camino as the Company develops a

financial package to build the Puquios copper mine.”

Jay Chmelauskas, CEO of Camino added , “Puquios is the right -sized copper mine, and with

current upward trending copper prices, it’s the right time for Camino to build in Chile with our

partners, Denham Capital and Nittetsu Mining. This partnership also covers our Los Chapitos

copper project in Peru where exploration drilling will commence shortly , providing two value

drivers for investors, copper production in Chile, and copper exploration in Peru.”

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Corporate Update

Camino granted stock options to certain directors, officers, consultants, and employees to

purchase up to 2,250,000 Common Shares on or before October 7, 2030, at an exercise price of

$0.30 per share, in accordance with the Company’s amended and restated equity incentive plan.

The stock options will vest over an 18-month period, with 25% vesting immediately upon grant

and an additional 25% vesting every six months thereafter.

In addition, the Company announces that it intends to issue an aggregate of 443,250 Common

Shares (the “Finder Shares”) to Resource Play, an arm’s length third party party, at a deemed

price of $0.30 per share as a finder’s fee in connection with the earn-in agreement dated June

13, 2023 (the “Earn-In Agreement”) entered into by, inter alios, Camino and Nittetsu Mining for

its Los Chapitos copper project. The Finder Shares are proposed to be issued in relation to $3.0

million of funds contributed by Nittetsu under the Earn -In Agreement as the fourth and fifth

option to earn-in payments made by Nittetsu thereunder. The intention to pay the finder’s fee

was noted in Camino’s news reléase dated February 1, 2023, and the Finder Shares are being

issued in accordance with the terms of a finder’s fee agreement entered into by Camino and

Resource Play dated August 5, 2020, as subsequently extended . The issuance of the Finder

Shares remains subject to the acceptance of the TSX Venture Exchange. The Finder Shares to be

issued will be subject to a statutory hold period of four months and one day fro m the date of

issuance in accordance with applicable Canadian securities legislation.

About Camino

Camino is a discovery and development stage copper exploration company. On April 17, 2025,

Camino announced the completion of its acquisition (announced on Oct 7, 2024) to purchase

the construction-ready Puquios copper mine in Chile. Camino is focused on developing copper

producing assets such as Puquios, and advancing its IOCG Los Chapitos copper project located

in Peru through to resource delineation and development, and to add new discoveries. Camino

has also permitted the Maria Cec ilia copper porphyry project for exploration discovery drilling

to add to its NI43-101 resources. 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 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.

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 ba sed 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 future financing and constructio n of the Puquios Project,

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prospectivity of future exploration work at Los Chapitos, the payment of the deferred contingent

payments, the mineral properties of the Company , the payment of the finder’s fee and the

issuance of the Finder Shares. Although the Company considers the assumptions underlying such

forward-looking information to be reasonable and based on information currently available to

it, they may prove to be incorrect . The forward-looking information in this release is subject to

numerous risks, uncertainties 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 expected by management, that the Company may not realize the benefits of joint ventures

and/or strategic partnerships with respect to the Company’s properties, that the Company may

be unable to obtain or may experience delays in obtaining any required auth orizations and

approvals, the state of equity and commodity markets, and that the Company may be unable to

obtain any required regulatory or stock exchange approval. 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 forward -looking statements

whether as a result of new information, future events or otherwise, except as required by law.