Mr. Ian Gendall reports

DLP RESOURCES COMMENCES FIRST-EVER DRILL PROGRAM AT ESPERANZA; DRILLING UNDERWAY ON NEAR-SURFACE COPPER OXIDE ZONE AND MAIN PORPHYRY COPPER-GOLD-MOLYBDENUM TARGET

Diamond drilling has commenced at DLP Resources Inc.'s 100-per-cent-owned Esperanza copper-gold-molybdenum project in southern Peru. The first hole was collared on Sept. 20, 2026, following receipt of all necessary permits and the mobilization of drill rigs and supporting equipment to site (see news release dated Sept. 10, 2026), marking the first drilling ever undertaken at Esperanza.

Highlights

• Drilling has commenced -- The first hole of DLP's maiden diamond drill program at the 100-per-cent-owned Esperanza copper-gold-molybdenum project in southern Peru was collared on Sept. 20, 2026, on schedule.
• The first metres ever drilled at Esperanza -- A total of 22,500 hectares, a 5.0-kilometre-by-2.5-kilometre magnetic anomaly and 503 surface rock chip samples, and until this now not a single metre of drilling. Seven holes totalling approximately 3,000 metres are now being drilled into that target.
• Shallow copper oxide holes turning first -- The four shallow holes testing the 300 m by 700 m near-surface copper oxide zone are being drilled first, to a maximum of 150 metres each.
• Deep porphyry holes to follow -- Three holes of 800 metres each will then test the interpreted porphyry copper-gold-molybdenum core beneath the 5.0 km by 2.5 km magnetic anomaly.

The maiden program comprises approximately 3,000 metres of diamond drilling in seven holes and tests two distinct and complementary targets within the same system in a single campaign: the near-surface copper oxide zone defined by high-grade trenching from surface, and the main porphyry copper-gold-molybdenum target interpreted at depth beneath the 5.0 km by 2.5 km magnetic anomaly. Drilling is being carried out sequentially, with the four shallow oxide holes being completed first and the three 800-metre porphyry holes to follow.

Ian Gendall, president and chief executive officer of DLP, commented: "The rig is turning at Esperanza. After the work our team has put into this project, including the mapping, the trenching, the geochemistry, the geophysics and the permitting, we are finally putting a drill bit into a 22,500-hectare land package that has never been drilled. We are testing the shallow copper oxide zone first and then we move the program to depth and drill the porphyry target itself. Assays will be released as they come in from the laboratory."

Drilling under way

Drill rigs and supporting equipment were mobilized to site following receipt of all necessary permits and authorizations. Site preparation, drill platforms and access were completed in advance of mobilization, and the program is now operating continuously.

Esperanza benefits from established regional infrastructure, road access, power and a skilled labour pool across the Arequipa and Moquegua regions, the same infrastructure that supports the district's producing mines, which allowed the company to mobilize quickly and supports continuous operation of the program.

The first results are expected to come from the four shallow copper oxide holes, with results from the three deep porphyry holes to follow. Laboratory turnaround times are outside the company's control and can vary with laboratory capacity and sample volumes; accordingly, the company is not providing a specific date for the receipt or release of assay results and will report them as they become available. The company will also provide updates on drilling progress as the program advances.

Drill program design -- two targets, one program

The maiden program has been designed to test both the shallow, potentially near-term copper oxide mineralization and the large-scale porphyry system interpreted at depth. All hole locations are directly informed by the coincident geophysical, geochemical and alteration data sets that converge on the Esperanza target area.

Target 1 -- near-surface copper oxide zone (four holes, maximum 150 metres each)

Four shallow holes, each to a maximum depth of 150 metres, will test the near-surface copper oxide zone. This zone extends over an area of approximately 300 metres by 700 metres and has been defined by systematic trenching and channel sampling, which returned broad, continuous intervals of copper oxide mineralization from surface, including:

• 54 metres of 1.53 per cent Cu, including 10 m of 2.29 per cent Cu (see news releases dated March 9, 2026, and March 16, 2026);
• 86 m of 0.73 per cent Cu, including 48 m of 1.03 per cent Cu;
• 96 m of 0.54 per cent Cu, including 58 m of 0.75 per cent Cu;
• 66 m of 0.66 per cent Cu, including 18 m of 0.98 per cent Cu;
• 82 m of 0.62 per cent Cu, including 28 m of 1.33 per cent Cu.

These trench intervals begin at surface and remain open at depth. The four shallow holes are designed to confirm the vertical continuity, thickness and grade of the copper oxide mineralization below the trenched exposures, and to provide the first material for metallurgical characterization of the oxide zone. No metallurgical testwork has been completed to date, and no assumption should be made regarding the metallurgical response or economic potential of the copper oxide mineralization.

Target 2 -- main porphyry copper-gold-molybdenum target (three holes, 800 metres each)

Three deep holes, each to a planned depth of 800 metres, will test the main porphyry copper-gold-molybdenum target along the flanks of, and at depth beneath, the 5.0 km by 2.5 km magnetic anomaly, an area of approximately 12.5 square kilometres and one of the largest untested copper-gold footprints in southern Peru.

The porphyry target is supported by an extensive surface geochemical data set comprising 503 rock chip samples collected systematically across the project, including:

• 550 g/t Ag with 4.548 per cent Cu and 141.43 ppm Mo from a single polymetallic vein -- the highest-grade silver result returned at Esperanza to date;
• 7.795 g/t Au with 27.7 g/t Ag and 0.780 per cent Cu from a vein sample, together with 2.353 g/t Au and 2.099 g/t Au;
• Copper values of up to 4.558 per cent Cu, with 21 of 55 select samples exceeding 1 per cent Cu and 12 exceeding 2 per cent Cu;
• Molybdenum values of up to 151.97 ppm Mo.

A strategic position in a multibillion-tonne copper district

Esperanza is strategically located within one of the most productive copper belts in southern Peru, an area that hosts several multibillion-tonne copper deposits. The project lies approximately 35 km southwest of Freeport-McMoRan's Cerro Verde mine, one of the largest copper deposits in the world, and immediately south of the Chapi copper mine. The broader southern Peru belt also hosts Anglo American's Quellaveco, Southern Copper's Cuajone and Toquepala mines, and the Los Calatos project. Esperanza's proximity to these major copper mines and development projects, combined with its own coincident geochemical and geophysical anomalies, and surface veining and brecciation characteristic of porphyry copper and epithermal gold-silver systems, makes a compelling case for this maiden drill program.

Qualified person

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

About DLP Resources Inc.

DLP Resources is a copper-focused development company advancing two 100-per-cent-owned projects in southern Peru: Aurora and Esperanza.

Aurora is a large-scale porphyry copper-molybdenum-silver deposit containing a combined open pit and underground indicated resource of 614.84 million tonnes at 0.19 per cent Cu, 0.06 per cent Mo and 2.09 g/t Ag, and an inferred resource of 1,118.80 million tonnes at 0.18 per cent Cu, 0.07 per cent Mo and 1.95 g/t Ag. An independent preliminary economic assessment completed in September, 2026, established an after-tax NPV 8 per cent (net present value, 8-per-cent discount rate) of $2,703-million (U.S.) and an IRR (internal rate of return) of 18.5 per cent, based on a 17.5-year mine life utilizing open pit and underground mining methods. Aurora's robust production profile contemplates payable production of 90.5 million pounds per year of copper, 37.4 million pounds per year of molybdenum and 1.21 million ounces per year of silver.

Esperanza is an emerging district-scale copper-gold discovery located 35 kilometres from Cerro Verde, one of the world's largest copper mines. A 5.0 km by 2.5 km magnetic anomaly is supported by high-grade surface and trench sampling results, with a maiden drill program commencing on Sept. 20, 2026.

DLP is listed on the TSX Venture Exchange (DLP), on the OTCQB (DLPRF) and on the Frankfurt Stock Exchange (J8C).

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