Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

DLP Resources Inc. intends to complete a non-brokered private placement offering up to 3.75 million flow-through common shares at a price of 40 cents per FT share, for gross proceeds of up to $1.5-million.

DLP intends to pay finders' fees in connection with the private placement to certain eligible finders in the form of: (i) a cash commission of 7.0 per cent of the gross proceeds raised under the private placement from investors introduced to DLP by the finder; and (ii) the issuance of such number of common share purchase warrants of DLP equal to 7.0 per cent of the FT shares issued under the private placement from investors introduced to DLP by the finder. Each finder's warrant will be exercisable to purchase one common share of DLP at a price of 40 cents per common share for a period of 24 months from the date of closing.

The private placement will be made available to subscribers pursuant to the accredited investor and friends, family and business associate exemptions provided under sections 2.3(1) and 2.5 of National Instrument 45-106 -- Prospectus Exemptions. The private placement will also be made available to existing shareholders of the company who, as of the close of business on March 22, 2023, held common shares of the company (and who continue to hold such common shares as of the closing date), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 - Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the company receives subscriptions from investors relying on the existing shareholder exemption exceeding the maximum amount of the private placement, the company intends to adjust the subscriptions received on a pro rata basis.

The proceeds of the private placement will be used for drilling on its Copper Creek project, follow-up sampling, prospecting and evaluation of the Hungry Creek and Redburn projects, and drilling on the Moby Dick and NZOU projects.

The company intends to spend the funds available to it as stated in this news release. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary.

The private placement is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

About DLP Resources Inc.

DLP Resources is a mineral exploration company operating in southeastern British Columbia, exploring for base metals and cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF.

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