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DLP Resources confirms extension of copper, silver and molybdenum mineralization to NE of Aurora drilling with values of up to 2.25% Cu and 195g/t Ag and 182ppm Mo in rock samples.

Drill Results Exploration Programs

DLP Resources confirms extension of copper, silver and molybdenum mineralization to NE of Aurora

drilling with values of up to 2.25% Cu and 195g/t Ag and 182ppm Mo in rock samples.

Cranbrook, British Columbia, (Newsfile Corp. – February 08, 2024) DLP Resources Inc. (“DLP” or the “ Company”)

(TSXV:DLP) (OTCQB:DLPRF) announces receipt of complete rock sampling results for the area immediately NE of

the current drilling at the Aurora porphyry copper-molybdenum project in southern Peru (Figure 1).

Results for 40 rock samples taken to the NE of the DLP drilling identified an area of anomalous Cu, Mo and Ag

extending over approximately 700m x 500m (See Figure s 2, 3 and 4 ). This area also overlies a similar magnetic

anomaly that underlies the main porphyry area.

Highlights

1. Rock chip sample 1062 returned 2.25% Cu and 195g/t Ag. This sample was taken from a moderately

silicified and brecciated hornfels with mineralization consist ing of pyrite-chalcopyrite-covellite-chalcocite

and copper oxides. Sampling was done over a surface area of 10m x 10m.

2. Further rock chip samples with highly anomalous Cu, Ag and/or Mo results included:

• Sample 1084 – 1.5150% Cu, 5.53g/t Ag and 1.01ppm Mo

• Sample 1060 – 0.2680% Cu, 2.09g/t Ag and 74.3ppm Mo

• Sample 1065 – 0.0527% Cu, 2.28g/t Ag and 137ppm Mo

• Sample 1067 – 0.0095% Cu, 0.79g/t Ag and 53.1ppm Mo

• Sample 1074 – 0.3440% Cu, 5.56g/t Ag and 1.78ppm Mo

• Sample 1075 – 0.1300% Cu, 0.13g/t Ag and 4.86ppm Mo

• Sample 1078 – 0.1880% Cu, 4.77g/t Ag and 5.59ppm Mo

• Sample 1086 – 0.1205% Cu, 4.61g/t Ag and 1.23ppm Mo

• Sample 1099 – 0.0077% Cu, 0.29g/t Ag and 182ppm Mo

See Table 1 for the full set of results for the rock chip samples.

Mr. Gendall, President and CEO commented: “We are very encouraged with the results from rock sampling to the

NE of the current drilling of 2023. Anomalous Cu, Mo and Ag in rocks has identified an extension of at least 700m x

500m to the NE and SE which we will expand drilling into in 2024.”

Table 1. Summary of Rock Chip Results for the NE Extension of the Aurora Project.

Aurora Rock Chip Samples

Sample Northings Eastings Elevation Sample Sample Description Ag Cu Mo

No (m) (m) (m) Type Area (m2) g/t ppm ppm

1052 8566444 190610 2821 Rock

chip

0.5 x 1.5 Structure in hornfels, 50

cm wide x 1.5 m long;

with quartz and pyrite.

0.05 28.8 0.23

1053 8566529 190722 2800 Rock

chip

20 x 20 Slate. Po (0.5%) along

foliation planes. Traces

of Cpy associated with

Po.

0.07 73.7 0.63

1054 8566619 190723 2842 Rock

chip

20 x 20 Slate. Po (0.5%) along

foliation planes. Traces

of Cpy associated with

Po.

0.07 48.8 0.74

1057 8566522 190479 2893 Rock

chip

10 x 10 Slates with sericite-

muscovite alteration.

Traces of OxCu.

0.65 125.5 10.1

Aurora Rock Chip Samples

Sample Northings Eastings Elevation Sample Sample Description Ag Cu Mo

No (m) (m) (m) Type Area (m2) g/t ppm ppm

1058 8566320 190285 2899 Rock

chip

15 x 15 Hornfels with moderate

silicification. Quartz

veinlets (NW-SE/NE) and

iron oxides

10 79.9 0.36

1059 8566395 190365 2902 Rock

chip

20 x 15 Hornfels with moderate

silicification. Quartz

veinlets (NW-SE/NE) +

iron oxides

2.04 175 0.65

1060 8566111 190280 2841 Rock

chip

15 x 15 Hornfels with moderate

silicification. Quartz

veinlets with sulphides

(Py-Cpy-Mo-Cv-Cc).

OxCu in fractures.

2.09 2680 74.3

1062 8565968 190389 2784 Rock

chip

10 x 10 Hornfels with moderate

silicification and

brecciated. The

mineralization consists

of Py-Cpy-Cv-Cc-OxCu.

195 22500 2.16

1063 8566300 190329 2845 Rock

chip

20 x 20 Hornfels with sericite

alteration. Quartz

sulphide veinlets. The

mineralization consists

of Py-(Cpy-Cv-Cc-OxCu).

0.38 979 1.14

1064 8566400 190417 2871 Rock

chip

15 x 10 Hornfels with sericite

alteration. Quartz

veinlets. The

mineralization consists

of iron oxide + py

1.21 243 0.6

1065 8566174 190185 2926 Rock

chip

15 x 15 Contact between

silicified Hornfels and

QEFBP (intermineral)

with sericite alteration.

Sporadic quartz-sulphide

veinlets which contain

Py-Cpy-Mo.

2.28 527 137

1066 8566204 190136 2916 Rock

chip

20 x 20 QEFBP (intermineral)

with sericite alteration.

Traces of Py-Cpy.

0.95 75.6 8.25

1067 8566187 190133 2918 Rock

chip

20 x 20 Hornfels with weak to

moderate silicification

and quartz veinlets. In

contact with QEFBP

(intermineral). The

mineralization consists

of iron oxides-Py-Mo.

0.79 94.5 53.1

Aurora Rock Chip Samples

Sample Northings Eastings Elevation Sample Sample Description Ag Cu Mo

No (m) (m) (m) Type Area (m2) g/t ppm ppm

1069 8566363 190686 2723 Rock

chip

15 x 15 Slate with Py-Po (1%)

disseminated along

foliation planes

0.09 41.9 1.76

1070 8566399 190636 2771 Rock

chip

15 x 15 Slate with Py-Po along

foliation planes

0.06 15.6 1.14

1072 8566336 190514 2810 Rock

chip

25 x 25 Hornfels with weak

sericite alteration.

Quartz veinlets. 15 cm

wide structure with Qz-

iron oxides-Py and traces

of OxCu.

2.97 603 0.53

1073 8566367 190493 2846 Rock

chip

20x 20 Slate with quartz

veinlets (N85/80). In

part brecciated (BXC)

1.02 169.5 0.87

1074 8566113 190388 2734 Rock

chip

10 x 10 Hornfels with weak to

moderate silicification.

Quartz veinlets with

sulphides (Py-Cpy-(Cv)

5.56 3440 1.78

1075 8566212 190417 2736 Rock

chip

10 x 10 Slate with quartz

veinlets. Contains traces

of OxCu. In part crackle

brecciation seen (BXC)

0.13 1300 4.86

1077 8566277 190497 2768 Rock

chip

15 x 15 Hornfels with crackle

breccia + moderate

silicification. Quartz

filling with OxCu in

fractures

20.8 735 2.29

Py=pyrite, Cpy=chalcopyrite, Po=pyrrhotite, Mo=molybdenite, Cc=chalcocite, Cv=covellite, OxCu=oxide copper,

BXC=crackle breccia, QEFBP=quartz-eye-feldspar-biotite porphyry

Aurora Rock Chip Samples

Sample Northings Eastings Elevation Sample Sample Description Ag Cu Mo

No (m) (m) (m) Type Area (m2) g/t ppm ppm

1078 8566326 190223 2850 Rock

chip

15 x 15 Hornfels with weak

silicification. Contains

traces of OxCu in

fractures.

4.77 1880 5.59

1079 8566235 190028 2874 Rock

chip

20 x 20 QEFBP (intermineral) with

moderate sericite

alteration. Traces of Py-

Cpy-Cv.

2.35 889 34

1080 8566369 190187 2835 Rock

chip

15 x 15 Hornfels with crackle

breccia and moderate

silicification. Quartz filling

with OxCu is shown in

fractures.

9.81 175.5 0.53

Aurora Rock Chip Samples

Sample Northings Eastings Elevation Sample Sample Description Ag Cu Mo

No (m) (m) (m) Type Area (m2) g/t ppm ppm

1082 8566337 190052 2793 Rock

chip

20 x 20 QEFBP (intermineral) with

moderate sericite

alteration. Sporadic

quartz veinlets. Traces of

Py-Cpy-Cv and OxCu in

fractures.

0.7 542 32

1083 8566455 190050 2720 Rock

chip

15 x 15 Hornfels with weak

sericite alteration.

Contains Py-Po and traces

of Cpy-OxCu.

1.32 140 1.19

1084 8566507 190218 2713 Rock

chip

15 x 15 Hornfels with crackle

breccia and moderate

silicification and quartz

filling with OxCu in

fractures.

5.53 15150 1.01

1085 8566447 190292 2837 Rock

chip

15 x 15 Crackle breccia (BXC) in

hornfels with quartz

stockwork veinlets.

16.1 146.5 0.65

1086 8566535 190062 2632 Rock

chip

15 x 15 Hornfels with weak

sericite alteration and

sporadic quartz veinlets.

4.61 1205 1.23

1087 8566535 190162 2659 Rock

chip

15 x 15 Hornfels with moderate

silicification. Contains

sporadic quartz veinlets

and traces of Py-Po.

2.59 474 1.5

1088 8566560 190262 2725 Rock

chip

15 x 15 Hornfels with moderate

silicification. Contains

sporadic quartz veinlets

with traces of Py.

0.22 183 10.1

1089 8566435 190162 2769 Rock

chip

15 x 15 Hornfels with moderate

silicification. Contains

quartz veinlets with Py

and traces of Cpy.

25.2 223 0.25

1090 8566535 190362 2797 Rock

chip

15 x 15 Hornfels with moderate

silicification. Contains

quartz-iron oxide veinlets.

0.4 25.7 0.32

1092 8566235 190761 2604 Rock

chip

15 x 15 Slate with disseminated

pyrrhotite.

0.23 106.5 3.39

1093 8566135 190762 2556 Rock

chip

15 x 15 Slate with disseminated

pyrrhotite.

0.18 51.2 3.17

1094 8566135 190662 2585 Rock

chip

15 x 15 Slate with disseminated

pyrrhotite.

0.13 38.5 1.08

1095 8566234 190662 2666 Rock

chip

15 x 15 Slate with disseminated

pyrrhotite.

0.83 48.7 0.91

1097 8566135 190562 2641 Rock

chip

15 x 15 Hornfels with weak

sericite alteration.

Contains traces of Py-Po.

0.45 229 1.17

Aurora Rock Chip Samples

Sample Northings Eastings Elevation Sample Sample Description Ag Cu Mo

No (m) (m) (m) Type Area (m2) g/t ppm ppm

1098 8566235 190562 2667 Rock

chip

15 x 15 Slate with disseminated

pyrrhotite.

0.91 228 1.08

1099 8566135 190162 2934 Rock

chip

15 x 15 Hornfels with sericite

alteration. Contains

traces of Py-Po.

0.29 77.2 182

1100 8566626 190530 2818 Rock

chip

0.5 x 1.5 Structure in hornfels, 50

cm wide x 1.5 m long.

2.01 54.4 0.56

Py=pyrite, Cpy=chalcopyrite, Po=pyrrhotite, Mo=molybdenite, Cc=chalcocite, Cv=covellite, OxCu=oxide copper,

BXC=crackle breccia, QEFBP=quartz-eye-feldspar-biotite porphyry

Quality Control and Quality Assurance

DLP Resources Peru S.A.C, a subsidiary of DLP Resources Inc. , supervises sampling and carries out surface sampling and

mapping of outcrop at the Aurora project. Rock chip sampling was done within a maximum area of 25m x 25m and

descriptions were carried out by a geologist. S amples are bagged and sealed on site before transportation to the ALS

Peru S.A.C. sample preparation facility in Arequipa by Company vehicles and staff. Rocks are crushed with 70% passing

<2mm. Sample is split with riffle splitter and 25 0g pulverized to 85% less than 75um. Prepared samples are sent to Lima

by ALS Peru S.A.C. for analysis. ALS Peru S.A.C. is an independent laboratory. Samples are analyzed for 51 elements using

aqua regia digestion and analyzed by ICP-MS + ICPAES analysis (ME-MS41). Overlimit samples for copper and silver were

re-analysed by four-acid digestion and ICP -AES (ME-OG62). ALS meets all requirements of International Standards

ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures.

DLP Resources independently monitors quality control and quality assurance (“QA/QC”) through a program that includes

the insertion of blind certified reference materials (standards), blanks and pulp duplicate samples.

Aurora Project

Aurora Project is an advanced stage porphyry copper-molybdenum exploration project in the Province of Calca, SE Peru

(Figure 1). The Aurora Project was previously permitted for drilling in 2015 but was never executed. Thirteen historical

drillholes, drilled in 2001 and 2005 totaling 3,900m were drilled over an area of approximately 1000m by 800m, cut

significant intervals of copper and molybdenum mineralization. From logging of the only three remaining holes DDA-01,

DDA-3A and DDA-3 and data now available, it appears that only three of the thirteen holes tested the enriched copper

zone and only one hole drilled deep enough to test the primary copper and molybdenum zone (see DLP Resources Inc.

news release of May 18, 2021).

Salient historic drillhole data of the Aurora Project are:

• 190m @ 0.57% Cu, 0.008% Mo in DDA-1 with a high-grade intercept of 20m @ 1.01% Cu related to a supergene

enrichment zone of secondary chalcocite;

• 142m @ 0.5% Cu, 0.004% Mo in DDA-3;

• 71.7m @ 0.7% Cu, 0.007% Mo in DDA-3A (see historical Focus Ventures Ltd. news release July 11, 2012); and

• One of the historical holes ABC-6 drilled on the edge of the system intersected 78m @ 0.45% Cu and 0.107% Mo

(Figure 2).

A review of the historical drilling indicates that the majority of the thirteen holes were drilled in the leached and partially

leached zones of the porphyry system. Ten of the thirteen holes never fully tested the oxide and secondary enrichment

zone and/or the primary copper zone at depth encountered in DDA-01. Copper-molybdenum mineralization is hosted by

quartz-feldspar porphyries intruded into slates-hornfels and pelitic sandstones belonging to the Ordovician (439 - 463

ma) Sandia Formation.

Figure 1: DLP Project areas in Peru with Aurora Project Shown.

Figure 2: Aurora Project – Magnetic analytic signal data with drillholes shown and anomalous copper in rock samples in

NE sector.

Figure 3: Aurora Project – Magnetic analytic signal data with drillholes shown and anomalous molybdenum in rock

samples in NE sector.