DLP Resources Appoints New Chairman

Rhea-AI Summary

DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) has appointed Derek White as Chairman of the Board of Directors, effective immediately. White, who joined the board in January 2025, brings over 35 years of international mining industry experience to the role.

White's extensive background includes serving as President and CEO of Ascot Resources , Principal at Traxys Capital Partners LLP, and President/CEO of KGHM International , where he oversaw six mining operations and four development projects across North and South America. He previously held executive positions at BHP Billiton Plc, Billiton International Metals BV, and Impala Platinum Holdings

A Geological Engineering graduate from the University of British Columbia and Chartered Accountant, White currently serves as director of Boliden AB and Hayasa Metals Inc. The Company's co-founder, Jim Stypula, will continue as Lead Director.

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Positive

• Appointment of highly experienced Chairman with 35+ years in mining industry
• New Chairman brings extensive operational and financial expertise from major mining companies
• Recent completion of 43-101 technical report showing significant mineral resources at Aurora project

Negative

• None.

News Market Reaction – DLPRF

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On the day this news was published, DLPRF declined 5.50%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Cranbrook, British Columbia--(Newsfile Corp. - April 22, 2025) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company"), is pleased to announce the appointment of Mr. Derek White as Chairman to the Board of Directors effective immediately.

Derek recently joined the Board of the Company on January 20th, 2025, and has acted as an advisor to the Company for several years. Derek previously worked for several mining and metals focused companies on exploration, development, operations and financing. Mr. White brings over 35 years of international experience in the mining industry to this role. Mr. White is the recently retired President and CEO of Ascot Resources Ltd. Before joining Ascot, Mr. White acted as a Principal of Traxys Capital Partners LLP, a private firm specializing in the mining and materials sectors. Prior to joining Traxys, Mr. White was the President and CEO of KGHM International Ltd. from 2012 to 2015 overseeing six mining operations and four large development projects in Canada, the United States and Chile. He also held the positions of Executive Vice President, Business Development/CFO from 2004 to 2012 of Quadra FNX Mining Ltd. Mr. White has held executive positions in business development, operations and finance with BHP Billiton Plc, Billiton International Metals BV and Impala Platinum Holdings Ltd., in Vancouver, Toronto, London, The Hague, and Johannesburg. Mr. White holds an undergraduate degree in Geological Engineering from the University of British Columbia and is also a Chartered Accountant. Mr. White currently serves as a director of Boliden AB and Hayasa Metals Inc.

Derek commented "I am very pleased be involved with DLP's board and management at a pivotal time in the development of the Company's flagship Aurora project. The recent announcement of the 43-101 technical report indicating the size and scale of the Copper and Molybdenum of the maiden Mineral Resource for Aurora is very exciting".

Mr. Jim Stypula, Co-founder, will remain involved with the Company as the Lead Director.

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. Please refer to our web site www.dlpresourcesinc.com for additional information.

For further information please contact:
DLP RESOURCES INC.
Ian Gendall, President and Chief Executive Officer
Derek White, Chairman
Jim Stypula, Lead Director
Robin Sudo, Corporate Secretary and Land Manager
Maxwell Reinhart, Investor Relations
Telephone: 250-426-7808
Email: iangendall@dlpresourcesinc.com
Email: derekwhite@dlpresourcesinc.com
Email: jimstypula@dlpresourcesinc.com
Email: robinsudo@dlpresourcesinc.com
Email: maxreinhart@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/249303

FAQ

What experience does Derek White bring to DLP Resources (DLPRF) as new Chairman?

Derek White brings over 35 years of international mining industry experience, including leadership roles at Ascot Resources, KGHM International, and executive positions at BHP Billiton, with expertise in mining operations, development, and financing.

How will Derek White's appointment impact DLP Resources' Aurora project?

As Chairman, White will oversee DLP's flagship Aurora project during a important development phase, following the recent 43-101 technical report that revealed significant Copper and Molybdenum resources.

When did Derek White join DLP Resources' (DLPRF) Board of Directors?

Derek White joined DLP Resources' Board of Directors on January 20th, 2025, and has previously served as an advisor to the company for several years.

What positions has Derek White held before joining DLP Resources (DLPRF)?

White previously served as President/CEO of Ascot Resources and KGHM International, Principal at Traxys Capital Partners, and held executive positions at BHP Billiton, Billiton International Metals, and Impala Platinum Holdings.