DLP.V · 2024-11-29 12:00:00

DLP Resources Announces Non-Brokered Private Placement

Financings

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE

Cranbrook, British Columbia, (Newsfile Corp. – November 29, 2024) – DLP Resources Inc. (“DLP”

or the “Company”) (TSXV:DLP) is pleased to announce that it intends to complete a non -brokered

private placement offering up to 10,000,000 units of the Company (“Units”) at a price of $0.21 per

Unit, for gross proceeds of up to $2,100,000 (the “Private Placement”).

Each Unit will consist of one common share of the Company (a “Share”) and one common share

purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional

Share of the Company at a price of $0.40 per Share for a period of twenty-four (24) months from

the date of closing.

The Company may pay finder's fees in connection with the Private Placement to certain eligible

finders in the form of: (i) a cash commission of 7.0% of the gross proceeds raised under the Private

Placement from investors introduced to the Company by the finder; and (ii) the issuance of such

number of non -transferable common share purchase warrants of the Company (the “ Finder’s

Warrants”) equal to 7.0% of the Units issued under the Private Placement from investors introduced

to the Company by the finder.

The proceeds of the Private Placement will be used for funding the Peru projects and general office

and administration requirements. There may be circumstances, however, where, for sound business

reasons, a reallocation of funds may be necessary.

The Private Placement is subject to the receipt of all applicable regulatory approvals, including the

approval of the TSX Venture Exchange (the “ Exchange”), and all securities issued pursuant to the

Private Placement will be subject to a four-month hold period under applicable Canadian securities

laws.

The securities being offered have not been and will not be registered under the U.S. Securities Act

and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S.

persons or persons in the United States, absent registrat ion or an applicable exemption from the

registration requirements. This press release shall not constitute an offer to sell or the solicitation

of an offer to buy nor shall there be any sale of the securities in any State in which such offer,

solicitation or sale would be unlawful.

About DLP Resources Inc.

DLP Resources Inc. is a mineral exploration company operating in Southern Peru and Southeastern

British Columbia, exploring for Copper, Base Metals and Cobalt. DLP is listed on the TSX -V, trading

symbol DLP and on the OTCQB, trading symbol DLPRF . Please refer to our web

site www.dlpresourcesinc.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT:

DLP RESOURCES INC.

Ian Gendall, CEO & President

Jim Stypula, Executive Chairman

Robin Sudo, Corporate Secretary and Land Manager

Maxwell Reinhart, Investor Relations

Telephone: 250-426-7808

Email: [email protected]

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This release includes certain statements and information that may constitute forward -looking

information within the meaning of applicable Canadian securities laws. Forward-looking statements

relate to future events or future performance and reflect the expectations or beliefs of management

of the Company regarding future events. Generally, forward-looking statements and information can

be identified by the use of forward -looking terminology such as “intends” or “anticipates”, or

variations of such words and phrases or statements that certain actions, events or results “may”,

“could”, “should”, “would” or “occur”. This information and these statements, referred to here in as

"forward‐looking statements", are not historical facts, are made as of the date of this news release

and include without limitation, statements regarding discussions of future plans, estimates and

forecasts and statements as to management's expectati ons and intentions with respect to, among

other things , the expected completion of the Private Placement and receipt of the necessary

regulatory approvals, the anticipated total proceeds to be raised under the Private Placement , and

the intended use of any proceeds raised under the Private Placement

These forward‐looking statements involve numerous risks and uncertainties and actual results might

differ materially from results suggested in any forward -looking statements. These risks and

uncertainties include, among other things, delays in obtaining or failure to obtain required regulatory

approvals for the Private Placement; market uncertainty; and the inability of the Company to raise

the anticipated proceeds under the Private Placement.

In making the forward looking statements in this news release, the Company has applied several

material assumptions, including without limitation, that the Company will obtain the required

regulatory approvals for the Private Placement; the Company will be able to raise the anticipated

proceeds under the Private Placement; and the Company will be able to use the proceeds of the

Private Placement as currently anticipated.

Although management of the Company has attempted to identify important factors that could cause

actual results to differ materially from those contained in forward -looking statements or forward -

looking information, there may be other factors that cause results not to be as anticipated, estimated

or intended. There can be no assurance that such statements will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements.

Accordingly, readers shou ld not place undue reliance on forward -looking statements and forward -

looking information. Readers are cautioned that reliance on such information may not be appropriate

for other purposes. The Company does not undertake to update any forward -looking statement,

forward-looking information or financial outlook that are incorporated by reference herein, except in

accordance with applicable securities laws. We seek safe harbor.

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