DLP Resources Commences Esperanza Copper Project Drilling

The DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) has announced the commencement of its maiden diamond drill program at the 100%-owned Esperanza copper-gold-molybdenum project in southern Peru. The first hole of the program was drilled on schedule on September 20, 2026, marking the first drilling ever undertaken at Esperanza. The drill program, comprising approximately 3,000 metres of diamond drilling in seven holes, is designed to test 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 x 2.5 km magnetic anomaly.

Drilling has commenced, with the first hole collared on September 20, 2026, following receipt of all necessary permits and the mobilization of drill rigs and supporting equipment to site. The first metres ever drilled at Esperanza have been 22,500 hectares, a 5.0 km x 2.5 km magnetic anomaly, and 503 surface rock chip samples, all of which have never been a part of a drilling program. The maiden program comprises approximately 3,000 metres of diamond drilling in seven holes, and tests these two targets sequentially.

The first 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 mineralisation from surface, including: 54 m of 1.53% Cu, including 10 m of 2.29% Cu; 86 m of 0.73% Cu, including 48 m of 1.03% Cu; 96 m of 0.54% Cu, including 58 m of 0.75% Cu; 66 m of 0.66% Cu, including 18 m of 0.98% Cu; and 82 m of 0.62% Cu, including 28 m of 1.33% 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 mineralisation below the trenched exposures, and to provide the first material for metallurgical characterisation of the oxide zone.

The 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 x 2.5 km magnetic anomaly. This area is 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 dataset comprising 503 rock chip samples collected systematically across the Project, including: 550 g/t Ag with 4.548% 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% 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% Cu, with 21 of 55 select samples exceeding 1% Cu and 12 exceeding 2% Cu; and molybdenum values of up to 151.97 ppm Mo.

Drilling Underway

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 labor 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.