DLP Resources Intersects 130m of 0.50% CuEq* within a 927.45m Interval of 0.31% CuEq*, on the Aurora Project

The October 22, 2025 news release provides the first drill results from the 2025 exploration program at the company's flagship Aurora Copper-Molybdenum-Silver Project in Peru. The results are from the first two holes (A25-023 and A25-024) of the program, totaling 1,838.3 meters.

Key intercepts include: - Hole A25-023: 927.45 meters grading 0.31% Copper Equivalent (CuEq), which contained a higher-grade interval of 130 meters of 0.50% CuEq. - Hole A25-024: 899.65 meters of mineralized material.

The company states that these holes successfully extended the known mineralization to the southwest and southeast. Both holes ended in high-grade molybdenum mineralization. The release also confirms that a Preliminary Economic Assessment (PEA) is underway and is planned for release in Q1 2026.

This news is materially positive as it successfully delivers on the stated objectives of the current drill program and confirms the continued expansion of the Aurora deposit.

Reviewing the historical news provides critical context: - February 2025: DLP announced a massive maiden inferred resource of over 1 billion tonnes at 0.44% CuEq for Aurora. This established the project as having world-class scale and was a major de-risking event. The stock price reacted positively, rising from the low $0.20s to a high of $0.54 in early April. - June 2025: The company successfully raised $7.52 million in a private placement at $0.30 per unit. The stated use of proceeds was to fund exploration at Aurora (resource expansion and infill drilling) and complete a PEA. - July 2025: Drilling commenced on a 7-hole, 6,000-7,000 meter program. The goal was to test for extensions and provide infill data. The initial PEA completion was targeted for December 2025, but the CEO's quote revised this to Q1 2026.

The current drill results are the first from this fully-funded program. They are positive for several reasons: 1. Execution on Strategy: The results confirm that management is effectively deploying the capital raised in June to execute its stated plan of expanding the resource. 2. Geological Confirmation: The long, continuous intercepts are consistent with previous drilling and confirm the geological model of a large, bulk-tonnage porphyry system. Successfully extending mineralization to the southwest and southeast demonstrates that the deposit remains open. 3. De-risking: Positive drill results incrementally de-risk the project by increasing confidence in the resource's potential to grow. This is a crucial step ahead of the PEA.

While the grades (0.31% CuEq over ~900m) are not spectacular, they are typical for large-scale porphyry systems and are economically significant over such long intervals. The higher-grade sub-zone of 0.50% CuEq is encouraging.

From a critical standpoint, these results are an extension of what is already known rather than a new discovery. The market was likely anticipating positive results, so this news meets, rather than dramatically exceeds, expectations. It should provide solid support for the stock price but may not be enough to trigger a major re-rating on its own. The confirmation of the PEA timeline to Q1 2026 solidifies the next major catalyst.

DLP Resources Inc. is a Canadian-based mineral exploration company focused on base metals. Its flagship asset is the Aurora Project, an advanced-stage porphyry copper-molybdenum-silver deposit located in southern Peru. In February 2025, the company announced a maiden NI 43-101 inferred mineral resource of over one billion tonnes. The current corporate strategy is to expand this resource through drilling and advance the project through economic studies, starting with a PEA. The Aurora property has a 1.5% NSR royalty, which the company can purchase for a total of US$1.5 million.