Mr. Ian Gendall reports

DLP RESOURCES ANNOUNCES EXTENSION OF THE PRELIMINARY ECONOMIC ASSESSMENT ON THE AURORA COPPER-MOLYBDENUM-SILVER PROJECT TO Q2 OF 2026

DLP Resources Inc. has extended the completion of a preliminary economic assessment (PEA) on the Aurora copper-molybdenum-silver project to Q2 2026. Since the company's release of a National Instrument 43-101 technical report dated Jan. 31, 2025, the Aurora project has been evaluated solely using open-pit mining methods. Although this method is attractive, the additional drilling and mining review has indicated the possibility of exploiting potential resources at lower project elevations below the currently designed pit limit. The company believes it is prudent to take the necessary time to fully evaluate the economic option to simultaneously mine using both underground and open-pit extraction to maximize the potential value of the Aurora project. This time, extension is required for Global Resource Engineering, which is undertaking the current preliminary economic assessment study, to evaluate and optimize the surface mining/underground mining resource potential. The revised PEA is expected to be completed in Q2 2026.

It is important to note that the depth of the pit is constrained by nearby surface water.

Ian Gendall, president and chief executive officer, commented: "I am excited about the economic potential arising from the possible scenario of mining both the underground and open-pit resources simultaneously. The additional drilling of 4,309 metres in 2025 is being used to update the mineral resource estimate for 2026 and inclusion in the PEA study as well as for the assessment of the underground mining potential. This additional study would showcase the potential extraction of some of the world's highest-grade molybdenum resources in the early years of mine life whilst simultaneously mining large-scale open-pit copper resources. The Aurora project has a unique geometry, which potentially has a very low waste-to-ore ratio and the potential to drift horizontally into large underground resources without the requirement to construct an expensive and time-consuming shaft from the top of the deposit. I believe this extra time of technical study will add value to the Aurora project."

Aurora project (porphyry copper-molybdenum-silver deposit)

On Feb. 27, 2025, DLP reported the results of an NI 43-101 technical report on the maiden mineral resources for the Aurora project. The mineral resources are effective Jan. 31, 2025, and were prepared by independent AMC Consultants Pty. Ltd. The report can be found under the company's profile on SEDAR+ and on the company's website.

Highlights of the Aurora maiden mineral resource included:

• Greater-than-one-billion-tonne inferred resource;
• The mineral resource contains 4.65 billion pounds of copper, 1.11 billion pounds of molybdenum and 80 million ounces of silver;
• A pit-constrained inferred resource of 1.05 billion tonnes grading 0.20 per cent copper, 0.05 per cent molybdenum and 2.4 grams per tonne silver (0.44 per cent copper equivalent);
• The mineral resource is divided into a copper-rich zone and a molybdenum-rich zone with consistent distribution of mineralization; initial studies indicate these zones are laterally continuous within the modelled domains;
• The mineralization remains open in many directions for further expansion of mineral resources.

Qualified persons

Mr. Gendall, chief executive officer and president of the company, is the qualified person as defined by NI 43-101. Mr. Gendall has reviewed and approved the technical contents of this news release.

The mineral resource estimates for the Aurora project were carried out by AMC under the supervision of AMC's principal geologist, Chris Harman, MAIG. Mr. Harman is a qualified person and takes responsibility for these estimates. The qualified person has reviewed and consented to this news release as it fairly and accurately represents the information in the technical report that supports the disclosure.

About DLP Resources Inc.

DLP Resources is a mineral exploration company operating in southeastern British Columbia and Peru, exploring for base metals and cobalt. DLP is listed on the TSX Venture Exchange (trading symbol: DLP), the OTCQB (trading symbol: DLPRF) and the Frankfurt Stock Exchange (trading symbol: J8C).

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