DLP Resources Appoints Gautam Iyer as Vice President of Corporate Development and Investor Relations

Rhea-AI Summary

DLP Resources (OTCQB: DLPRF, TSXV: DLP) appointed Gautam Iyer as Vice President of Corporate Development and Investor Relations. Iyer has over a decade of mining and metals experience in equity research and corporate development.

DLP granted him 200,000 stock options at $0.19, vesting over one year, with a 3-year term, subject to TSX Venture Exchange approval.

Positive

• Appointment of VP Corporate Development and IR with 10+ years mining experience
• Grant of 200,000 stock options at $0.19 aligns new executive incentives with shareholders

Negative

• 200,000 stock options at $0.19 may create future share dilution
• Agreement and stock options remain subject to TSX Venture Exchange approval

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Cranbrook, British Columbia--(Newsfile Corp. - May 25, 2026) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") is pleased to announce the appointment of Gautam Iyer as Vice President of Corporate Development and Investor Relations.

Mr. Iyer brings over a decade of mining and metals experience across equity research and corporate development. He began his career at Canaccord Genuity, covering base metal and silver companies, before moving into Corporate Development at Orefinders Resources, where he worked closely with senior management to help grow what would become the Ore Group portfolio companies through M&A and corporate actions. Most recently, as Vice President, Corporate Development at Ore Group, he partnered with the CEOs of portfolio companies - playing a key role in their growth and development by advancing strategic initiatives, supporting capital markets activity, and strengthening shareholder engagement across the platform.

Mr. Iyer holds a Bachelor's and Master's degree in Geology from the University of Toronto, as well as an MBA from the Schulich School of Business.

Mr. Gendall, President and CEO commented: "Welcome to the team, Gautam! With Gautam's expertise, DLP Resources is well-positioned to expand the marketing of its advanced porphyry copper-molybdenum-silver projects in Peru to a broader range of financial markets, strategic partners and new investor groups."

The Company has granted Mr. Iyer 200,000 stock options exercisable at $0.19 for a term of 3 years (the "Stock Options"). The Stock Options will vest quarterly over one year, with 25% vesting every 3 months following the date of grant.

The agreement with Mr. Iyer is subject to the approval of the TSX Venture Exchange. Other than the Stock Options, Mr. Iyer has no present interest, directly or indirectly, in the Company or its securities or right or present intention to acquire such an interest.

About DLP Resources Inc.

DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia and Peru, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF, and on the FSE, trading symbol J8C. Please refer to our website www.dlpresourcesinc.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT:

For further information please contact:
DLP RESOURCES INC.
Ian Gendall, President and Chief Executive Officer
Bill Bennett, Chairman
Jim Stypula, Lead Director
Robin Sudo, Corporate Secretary and Land Manager
Email: iangendall@dlpresourcesinc.com
Email: billbennett@dlpresourcesinc.com
Email: jimstypula@dlpresourcesinc.com
Email: robinsudo@dlpresourcesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298705

FAQ

Who is Gautam Iyer, newly appointed VP at DLP Resources (OTCQB: DLPRF)?

Gautam Iyer is DLP Resources’ new Vice President of Corporate Development and Investor Relations. According to DLP Resources, he has over a decade of mining and metals experience across equity research and corporate development, including roles at Canaccord Genuity and Ore Group companies.

What role will Gautam Iyer have at DLP Resources (DLPRF)?

Gautam Iyer will serve as Vice President of Corporate Development and Investor Relations at DLP Resources. According to DLP Resources, he will support strategic initiatives, capital markets activities, shareholder engagement, and marketing of its porphyry copper-molybdenum-silver projects in Peru.

What stock options were granted to Gautam Iyer by DLP Resources (DLPRF)?

DLP Resources granted Gautam Iyer 200,000 stock options exercisable at $0.19 for three years. According to DLP Resources, the options vest quarterly over one year, with 25% vesting every three months from grant date, subject to TSX Venture Exchange approval.

How do the new stock options for DLP Resources’ VP affect shareholders of DLPRF?

The 200,000 options at $0.19 could modestly increase future share count if exercised. According to DLP Resources, these options are part of compensation for Gautam Iyer and are intended to align his interests with shareholder value creation.

What are Gautam Iyer’s qualifications relevant to DLP Resources (DLPRF) investors?

Gautam Iyer holds Bachelor’s and Master’s degrees in Geology and an MBA. According to DLP Resources, his academic background from the University of Toronto and Schulich School of Business supports his mining sector expertise and corporate development responsibilities.

Does Gautam Iyer currently own shares of DLP Resources (DLPRF)?

Gautam Iyer currently has no direct or indirect interest in DLP Resources’ securities beyond the granted options. According to DLP Resources, he also has no present right or intention to acquire an additional interest at this time.