DLP Earns 100% Ownership of Aurora Project and Secures Six-Year Community Land Use Agreement

Executive Summary

• DLP Resources Inc. has exercised its option to acquire 100% ownership of the Aurora porphyry copper-molybdenum-silver project in Southern Peru, eliminating remaining interest dilution.
• The Parobamba Community approved a six-year extension of the land use and exploration agreement, securing long-term social license and operational access.
• A Preliminary Economic Assessment (PEA) is currently underway with three engineering firms and is expected to be completed in Q3 2026.

Key Details

• 100% Ownership Acquisition: DLP fulfilled all commitments under the SMRL Parobamba II ("SP II") option agreement, officially exercising its option to earn 100% of the Aurora project.
• Resource Base: Aurora hosts a +10-billion-pound copper equivalent inferred resource base.
• Community Land Use Extension: On June 14, 2026, the Parobamba Community voted to approve a six-year extension of the land use and exploration agreement.
• Legal Registration: The extension agreement will be formally registered with the Public Registry office in Cusco within the next month.
• PEA Scope & Timeline: The PEA is being conducted by Global Resource Engineering, SRK, and Ausenco, with completion expected in Q3 2026. It will evaluate combined open pit and underground mining scenarios alongside optimal infrastructure layouts to determine the best long-term economic outcome.
• Project Geology & Metallurgy: The project features a 1.05-billion-tonne inferred resource. Its unique geometry allows for early-stage high-grade molybdenum production alongside large-scale open pit copper mining.
• Future Drilling Plans: Upon securing environmental permits, DLP intends to advance infill drilling to further define the resource.
• Esperanza Project Update: The company is progressing toward a maiden drill program in 2026 at its Esperanza porphyry copper-gold project, following high-grade trench-panel sampling results linked to a 3.0km x 2.5km magnetic anomaly.
• Maiden Resource Data (Feb 2025): Aurora's inferred resource totals 1.05 billion tonnes grading 0.44% CuEq (0.20% Cu, 0.05% Mo, 2.4 g/t Ag), prepared by AMC Consultants.

Notable Quotes

• Ian Gendall, President and CEO: "Reaching 100% ownership of Aurora, combined with the Parobamba Community's six-year land use extension represents an important moment for DLP. We now have full control of a 1.05-billion-tonne inferred resource and the community partnership to advance it. Once environmental permits are secured, we will be ready to move forward with infill drilling and continue unlocking Aurora's potential. Aurora's scale, grade and favourable metallurgy underpin a project with strong, long-term optionality."