DLP.V · 2022-10-12 12:00:00

DLP Resources Inc. Announces Issuance of Performance Shares

Corporate Updates

Cranbrook, British Columbia, (Newsfile Corp. – October 12, 2022) DLP Resources Inc. (“DLP” or the

“Company”) (TSXV: DLP) (OTCQB: DLPRF) announces that, further to its news release dated August

12, 2022, the Company has completed the issuance of 300,000 common shares of the Company (the

“Performance Shares”) at a deemed price of $0.20 per share to Ian Gendall, President and CEO of

the Company pursuant to a performance shares agreement dated December 14, 2021 in

consideration for certain exploration, supervisory and geological services provided to the Company

(the “Debt”).

The TSX Venture Exchange has approved the issuance of the Performance Shares and by issuing the

Performance Shares, the Debt has been definitively extinguished. The Performance Shares are

subject to a hold period of four months from the date of issuance in accordance with the policies of

the TSX Venture Exchange.

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

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, President and Chief Executive Officer

Jim Stypula, Executive Chairman

Robin Sudo, Chief Financial Officer and Corporate Secretary

Maxwell Reinhart, Investor Relations

Telephone: 250-426-7808

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.