Mr. Jay Chmelauskas reports

CAMINO AND NITTETSU LAUNCH NEXT PHASE OF DETAILED ENGINEERING FOR THE PUQUIOS COPPER PROJECT IN CHILE WITH AUSENCO

Following the successful completion of the critical engineering phase study with Ausenco, Camino Minerals Corp. has officially held the kickoff meeting to launch the next phase of detailed engineering services with Ausenco Chile Ltda. for the Puquios copper project.

This transition into detailed engineering represents a major step forward in advancing the project, locking in technical specifications and preparing the Puquios project for the construction phase.

Marcelo Bruna, chief executive officer of the Puquios joint venture, said, "With the commencement of detailed engineering, the executive team remains focused on strict milestone tracking and cost control as we progress towards breaking ground."

Jay Chmelauskas, chief executive officer of Camino, further commented: "We are working closely with Nittetsu to finalize agreements to source a potential Japanese debt facility to start construction, and the next phase of detailed engineering keeps the project on track. Ausenco is a top-tier engineering and consulting firm that has completed previous engineering studies for the Puquios project and is well positioned to take the project into construction."

The detailed engineering phase will operate under the following parameters:

• Total engineering: estimated at 85,000 specialized engineering work hours;
• Phase duration: scheduled over a 12-month timeline, to keep the project on track during construction;
• Capital allocation: valued at $6.2-million (U.S.), allocated and optimized within the project's capital expenditure budget;
• Value generation: to deliver precise data to streamline procurement and minimize field rework using advanced 2-D and 3-D modelling and constructability optimization.

About Camino Minerals Corp.

Camino is a discovery- and development-stage copper exploration company. Through Cuprum Resources Chile SpA, a 50/50 joint venture with Nittetsu Mining Co. Ltd., Camino is advancing the construction-ready Puquios copper project in Chile toward development and production. Camino is advancing its IOCG (iron oxide copper-gold) Costa de Cobre copper project located in Peru, a joint venture with Nittetsu Mining that Camino owns 65 per cent, through to resource delineation and development and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for exploration discovery drilling to add to its National Instrument 43-101 resources. In addition, Camino has increased its land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper-intensive global economy.

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