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DLP Resources Announces Appointment of New CEO

Management Changes

DLP Resources Announces Appointment of New CEO

Cranbrook, British Columbia, (Newsfile Corp. – January 18 , 2022 ) DLP Resources Inc. (the

“Company”) (TSXV: DLP) (OTCQB: DLPRF) is pleased to announce that Ian Gendall, President of the

Company, has been promoted to Chief Executive Officer, with Jim Stypula voluntarily stepping into

the role of Executive Chairman. Mr. Gendall will continue to act as President of the Company and

Mr. Stypula will continue to serve on the Company’s board of directors.

Ian Gendall is an Exploration Geologist with a M.Sc. Exploration Geology degree from Rhodes

University in South Africa. He has over 3 1 years’ experience in mineral exploration in South Africa,

South America, Canada, Mexico and the USA, and has led and managed exploration teams and

evaluated copper and gold projects for previous companies such as Gencor, Billiton, Anglo

American, Antofagasta and OceanaGold.

Ian and the Billiton Exploration team were credited with the major porphyry copper discoveries in

SE Ecuador which was “farmed out” to Corriente Resources Inc., who were subsequently taken over

by CRCC-Tongguan Investment Co., Ltd. for $679 million in 2010.

In 2005, Ian joined Chapleau Resources Ltd., (“Chapleau”) a nd was President and Director of

Chapleau until the merger with Magellan Minerals Ltd. (“Magellan”), in September 2009, when he

became Chief Operating Officer and Director. During his time with Chapleau and Magellan, he was

involved in gold exploration in the Tapajos Gold Province of Brazil and oversaw and managed the

resource estimation and preliminary economic assessment study for the Coringa gold project which

is currently with Serabi Gold.

Following his departure from Magellan in 2010, Ian was involved in a multi- million-dollar

exploration program covering more than 5,000 km2 in the Yukon Territory of Northern Canada, for

Ryan Gold Corp. More recently in 2017, Ian was Chief Geologist for Antofagasta Minerals, and was

responsible for identifying and evaluating copper-gold projects in Canada, Mexico and the USA.

In 2019, Ian joined OceanaGold as Project Generation Manager for North America and was

responsible for generating gold targets, identifying and evaluating gold projects in Canada, with the

purpose of entering into a JV or acquisition of projects of merit.

In 2020 , Ian joined DLP Resources as President and has overseen exploration in the search for

Sedex-type Zn-Pb-Ag and sedimentary hosted copper deposits in SE British Columbia. In 2021 Ian

identified a n advanced porphyry copper project, Aurora, in southern Peru which is a significant

asset for DLP.

Ian Gendall is registered as a Pr. Sci. Nat., a qualified person in compliance with National Instrument

43-101, and is a member of various scientific or ganizations including the Society of Economic

Geologists, Society for Geology Applied to Mineral Deposits and the Geological Society of America.

Not for distribution to U.S. news wire services or dissemination in the United States.

About DLP Resources Inc.

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DLP Resources Inc. is a mineral exploration company operating i n Southeastern British Columbia

and Peru exploring for Base Metals, Cobalt and Molybdenum. DLP is listed on the TSX -V, trading

symbol DLP and on the OTCQB, trading symbol DLPRF . Please refer t o our web site

www.dlpresourcesinc.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT: DLP Resources Inc.

Ian Gendall, President and Chief Executive Officer

Jim Stypula, Executive Chairman

Robin Sudo, Chief Financial Officer and Corporate Secretary

Telephone: 250-426-7808

Email: [email protected]

Email: [email protected]

Email: [email protected]

Neither the 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.