Camino Minerals Corporation announced exploration results from step-out drilling at its Los Chapitos copper property near the coastal city of Chala in the department of Arequipa in Peru. New exploration targets at Diana, Lourdes, Koji Norte, and Koji Sur; were tested for the first time where the Company is targeting large-scale disseminated manto-type copper mineralization to support resource delineation studies at Los Chapitos and to identify new open-pit copper oxide deposits that could potentially be aggregated into a mine plan. The recently completed drill campaign aimed to expand beyond the previously identified Adriana zone, the main zone of mineralization at Los Chapitos with over 20,000 meters of drilling that is summarized in the Company's corporate presentation.

Camino and its partner Nittetsu Mining Co. Ltd. plan to commence the next phase of drilling in the second half of 2024. Drillhole DCH-112 was collared approximately 15 metres west of a trench that graded 56m of 1.05% Cu, therefore, it is possible that up to 10 metres of additional copper mineralization was missed in the wall of the drilling platform.

DCH-112 intercepted: 25.0m @ 1.34 % Cu, 13.10 g/t Ag from surface; and 5.9m @ 0.17 % Cu, 5.35 g/t Ag at 34.2 meters. Three drillholes at Diana tested targets based on geological mapping work and geochemical sampling of rocks and soils that showed both soil and trench copper and silver anomalies. It is interpreted that stratabound copper extends to drillhole DCH-098, located 100 metres from DCH-112, where stratabound intercepts of 5.5m @ 0.17 % Cu, 4.62 g/t Ag at 105.8 meters depth, and 7.3 m of 0.16% Cu in sulphide at 155.5 m. The high-grade intercept in DCH-112 of 1.34% Cu over 25 metres outcrops at surface, is open to the north and south, and at depth, to explore for a copper feeder zone.

Diana is located over 2km north of the copper mineralized Adriana zone, and 1.5 kilometers northeast of the Lourdes copper intercepts. During the 2022 exploration campaign, Camino achieved its exploration objective of discovering a new copper satellite at the Lourdes target. The results of this exploration campaign can be summarized as: 55.5m @ 0.93% Cu from surface, including 7.5m @ 2.58% Cu in DCH-97 65.2m @ 0.70% Cu from surface, including 31m @ 1.23% Cu in DCH-80 19.5m @ 1.34% Cu from 55m depth, including 7.4m @ 2.32% Cu in DCH-89 5.1m @ 1.32% Cu from 29m depth in DCH-92 22.6m @ 0.64% Cu from 73m depth in DCH-96 The second phase of exploration at the Lourdes target was carried out with five diamond drillholes, in which copper and silver stratiform bodies were intercepted and evaluated by Camino.

The program successfully extended the corridor of mineralization by over 120 metres along a new north-south corridor from the Lourdes drill intercepts in 2022, to the new Lourdes intercepts in March 2024. DCH-100 intercepted: 12.7m @ 0.79 % Cu, 3.45 g/t Ag in copper oxides at depth 20.2 meters Surface evidence and geological mapping indicate that this oxide copper mineralization may continue to extend towards the north and the south of current drilling. A) position of DCH-100 next to mapped outcrops of copper mineralization (red polygons), inferred boundary of copper mineralization (red dashed).

(B) Oxide copper "manto" outcrop is hosted in a favorable vesicular andesitic flow. The next phase of exploration and drilling plans to focus on structural controls and proximity to intrusive bodies that act as conduits for hydrothermal fluids to create mineralized copper mantos. In addition, primary permeable and secondary permeable (fractures) lithological controls add to the supergene oxidation processes and generate zoning, along with the historical water table that existed in the area.

The DCH drillholes 101, 102, 103, 81, and 97 at Lourdes demonstrate leaching zones, the enrichment of copper oxides and mineralized mantos for further follow up and vectoring, including Melissa Norte that projects to the northwest of the area based on soil studies carried out during geological mapping campaigns in October 2023.