DLP Resources Reports 550 g/t Silver and 4.548% Copper in Surface Rock Chip Samples, and Defines Two New Priority Target Areas at Esperanza, Peru

Rhea-AI Summary

DLP Resources (OTCQB: DLPRF) reported new rock chip results from its 100%-owned Esperanza copper-gold-molybdenum project in southern Peru, including a polymetallic vein sample grading 550 g/t silver, 4.548% copper and 141.43 ppm molybdenum over a 0.1 m x 7 m exposure, the highest silver result at the project so far.

The company highlighted 21 of 55 select samples above 1% Cu and 12 above 2% Cu, with copper values up to 4.558% Cu. Two new priority target areas were defined: the ~1 km x 1 km Esperanza East Domain 3.7 km ESE of the main target, and a Northeast Vein Corridor 6.5 km NE with multiple polymetallic veins and the 550 g/t Ag sample. Elevated average Sr/Y of 89.12 at the main target is described by the company as consistent with fertile porphyry systems in southern Peru. Permitting is advancing for a 3,000 m maiden diamond drill program planned for late Q3 2026 on the 22,500-hectare land package.

Positive

• Rock chip highlight: 550 g/t Ag, 4.548% Cu, 141.43 ppm Mo vein
• High-grade copper at surface: 21 of 55 select samples >1% Cu, 12 >2% Cu
• Multiple copper highs: select samples up to 4.558% Cu, 4.548% Cu, 4.493% Cu
• Two new target areas defined 3.7 km ESE and 6.5 km NE of main anomaly
• Fertility indicator: main target averages Sr/Y of 89.12, within southern Peru porphyry range
• 3,000 m maiden drill program planned for late Q3 2026 at Esperanza

Negative

• None.

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Highlights

• High-grade polymetallic vein discovery: sample Y411477 returned 550 g/t Ag, 4.548% Cu and 141.43 ppm Mo over a 0.1 m x 7 m vein exposure, with highly anomalous bismuth, lead, antimony, arsenic, zinc and tellurium - a classic high-temperature porphyry-related epithermal signature.

• High-grade gold in veins: 7.795 g/t Au with 27.7 g/t Ag and 0.780% Cu (Y409918), plus 2.353 g/t Au (Y411456) and 2.099 g/t Au (Y409989); a further vein returned 82.00 g/t Ag with 0.370 g/t Au and 67.15 ppm Mo (A-N° 000433) (see news releases dated March 13, 2024, and June 25, 2026).

• Two new priority areas:

  • Esperanza East Domain: a 1 km x 1 km target located 3.7 km ESE of the main Cu-Au-Mo target and open to the east and southeast - interpreted as a potential intrusive centre or an extension of the mineralised system.

  • Northeast Vein Corridor: multiple polymetallic veins spaced 50-100 m apart identified 6.5 km northeast of the main target and coincident with a discrete geophysical anomaly, defining a previously untested structural corridor. The high-grade 550 g/t Ag vein was returned from the first vein sampled in this corridor.

• Widespread high-grade copper at surface: 21 of 55 select samples collected to date have returned greater than 1% Cu, including 4.558%, 4.548%, 4.493% and 3.941% Cu, with 12 samples exceeding 2% Cu.

• Classic porphyry zonation confirmed: precious-metal-rich veins ring the central copper-molybdenum zone - the concentric geometry characteristic of large-scale copper-gold porphyry systems.

• Maiden 3,000-metre drill program in Q3 2026: permitting is advancing, with drilling expected to commence in Q3 2026.

Cranbrook, British Columbia--(Newsfile Corp. - July 28, 2026) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) ("DLP" or the "Company") is pleased to announce results from an additional 94 surface rock chip samples at its 100%-owned Esperanza copper-gold-molybdenum Project ("Esperanza" or the "Project") in southern Peru - headlined by 550 g/t silver, 4.548% copper and 141.43 ppm molybdenum from a single polymetallic vein, the highest-grade silver result returned at Esperanza to date. The new sampling has also defined two new priority target areas, each several kilometres from, and independent of, the previously expanded 5.0 km x 2.5 km magnetic anomaly at the core of the Project (Figure 1, Figure 2).

Ian Gendall, President and CEO of DLP, commented: "A 550 gram-per-tonne silver vein with 4.5 percent copper, from the very first vein we sampled in a corridor 6.5 kilometres from our main target, tells you a lot about the scale of the system we are working with at Esperanza. We now have three separate priority areas - the 5 by 2.5-kilometre magnetic anomaly we are about to drill, a new domain to the east that is still open, and a new polymetallic vein corridor to the northeast - plus exotic copper pointing to a source we have not yet found. This is exactly the pattern we want to see in an emerging porphyry district, and the upcoming 3,000-metre drill program is just the start of what will be a very active period of target follow-up at Esperanza."

High-Grade Silver, Gold and Copper Results

To date a total of 503 rock chip samples have been collected systematically across Esperanza and analysed for gold, silver, copper, molybdenum and a full suite of indicator elements, with all analyses completed at an accredited independent laboratory. Select samples from the surface sampling to date are highlighted in (Table 1).

The headline result of 550 g/t Ag, 4.548% Cu and 141.43 ppm Mo is the highest silver value returned at Esperanza to date and materially elevates the Project's profile as a precious metals as well as a copper target. It is supported by a suite of further high-grade vein results, including 7.795 g/t Au, 27.7 g/t Ag and 0.780% Cu; 2.353 g/t Au; 2.099 g/t Au; and 82.00 g/t Ag with 0.370 g/t Au.

Copper mineralisation at surface is both high-grade and widespread: 21 of the 55 select samples reported in Table 1 returned greater than 1% Cu and 12 exceeded 2% Cu, with the highest values reaching 4.558% Cu, 4.548% Cu and 4.493% Cu. Molybdenum values of up to 151.97 ppm Mo further reinforce the porphyry signature.

Critically, the spatial arrangement of these results follows the classic architecture of a large copper-gold porphyry system: multiple silver-, gold- and copper-bearing veins are concentrated around the margins of the central copper-molybdenum zone, with precious metals on the outside and base metals toward the centre. This concentric zonation is one of the most reliable indicators that a fertile porphyry centre lies at the core of the system.

Two New Priority Target Areas Expand Esperanza to District Scale

The latest sampling has materially expanded the footprint of the Esperanza system. In addition to the previously expanded 5.0 km x 2.5 km magnetic anomaly that will be the focus of the maiden drill program, the Company has now defined two discrete new target areas:

1. Esperanza East Domain (3.7 km ESE). An approximately 1 km x 1 km domain of high magmatic fertility open to the east and southeast, meaning its true extent has yet to be established. Management interprets this domain, with elevated Sr/Y ratios, as either a second, concealed intrusive centre or a significant lateral extension of the known Esperanza system (Figure 3).

2. Northeast Vein Corridor (6.5 km NE). Multiple polymetallic veins spaced 50-100 metres apart have been mapped over a corridor coinciding with a discrete geophysical anomaly. The first vein sampled in this corridor returned the headline 550 g/t Ag, 4.548% Cu and 141.43 ppm Mo, together with highly anomalous Bi, Pb, Sb, As, Zn and Te - an element suite indicative of a high-temperature magmatic-hydrothermal source at depth. The density and spacing of the veins suggest a substantial structural corridor that has never been systematically explored.

Taken together with the exotic copper documented in agglomerates across the Project, which records copper transport and re-deposition from an as-yet-unidentified primary source, these results significantly expand Esperanza's exploration potential and support a district-scale interpretation of the 22,500-hectare land package.

Elevated Sr/Y Ratio

The Sr/Y ratio is a widely used industry benchmark for assessing whether a magmatic system was capable of generating a large porphyry deposit, with values above 35 generally considered copper fertile¹. The magmatic system that built southern Peru's giant porphyry deposits, including Quellaveco, Cuajone and Toquepala, averages a Sr/Y ratio of 104.4². Esperanza's main target, averaging 89.12 is firmly within the range of southern Peru's established porphyry districts³.

Maiden Drill Program

DLP is advancing permitting for a maiden 3,000-metre diamond drill program at Esperanza, with drilling expected to commence in late Q3 2026. The program will test the interpreted copper-gold core along the flanks of the magnetic anomaly and at depth, directly informed by the coincident geochemical, geophysical and alteration anomalies. The two new priority areas announced today will be advanced in parallel through detailed mapping, additional geochemistry and geophysical interpretation, building a pipeline of drill targets for follow-up programs.

Table 1. Summary of select rock chip results for the Esperanza Project with latest samples highlighted in grey

Sample ID	Au  (g/t)	Ag  (g/t)	Cu  (%)	Mo  (ppm)	Lithology	Sample Area  (m)
Y411477	0.045	550.00	4.548	141.43	Vein	0.1 x 7
Y411475	<0.006	0.16	3.164	2.03	Agglomerate	5 x 5
Y411474	<0.005	0.16	1.446	4.18	Agglomerate	5 x 5
Y411476	<0.007	0.14	0.012	1.02	Agglomerate	5 x 5
A-N° 000340	<0.005	0.22	3.847	2.12	Agglomerate	2 x2
A-N° 000341	<0.005	0.18	2.870	2.35	Agglomerate	2 x2
A-N° 000342	0.005	0.18	3.296	2.44	Agglomerate	2 x2
A-N° 000343	<0.005	0.19	3.821	1.85	Agglomerate	2 x2
A-N° 000344	0.006	0.18	3.068	1.82	Agglomerate	2 x2
A-N° 000346	0.050	0.13	1.111	1.8	Agglomerate	2 x2
A-N° 000350	0.013	0.27	4.493	2.11	Agglomerate	2 x2
A-N° 000351	0.005	0.17	4.558	2.32	Agglomerate	2 x2
A-N° 000353	0.017	0.2	1.461	1.67	Agglomerate	2 x2
A-N° 000381	0.006	0.07	0.001	21.62	Diorite	2 x2
A-N° 000383	0.011	0.13	0.001	37.96	Diorite	2 x2
A-N° 000385	0.014	0.23	0.001	34.58	Diorite	2 x2
A-N° 000386	0.027	0.10	0.003	39.04	Diorite	2 x2
A-N° 000389	0.008	0.11	0.001	39.91	Diorite	2 x2
A-N° 000405	<0.005	0.19	1.905	1.97	Agglomerate	2x2
A-N° 000406	0.008	0.36	1.778	6.48	Agglomerate	3 x5
A-N° 000408	0.016	0.49	3.941	16.94	Agglomerate	2 x2
A-N° 000410	0.005	0.13	1.441	3.33	Agglomerate	5 x5
A-N° 000416	0.027	0.34	1.584	7.5	Agglomerate	5 x 5
A-N° 000426	0.008	0.09	0.001	23.18	Diorite	2 x 2
A-N° 000430	0.006	0.33	0.001	25.79	Breccia	5 x 2
A-N° 000433	0.370	82.00	0.037	67.15	Vein	5 x 2
Y409718	0.051	5.96	0.005	8.52	Vein	0.1 x 2
Y409732	0.094	6.41	0.009	15.64	Hydrothermal Bx	40 x 40
Y409737	0.043	6.17	0.004	8.96	Conglomerate	25 x 25
Y409768	0.069	1.56	0.007	43.17	Vein	0.6 x 2
Y409794	0.073	2.90	0.007	4.32	Vein	0.07 x 3
Y409808	0.460	3.09	0.046	36.73	Vein	5 x 3
Y409810	0.197	1.36	0.020	151.97	Andesite	40 x 20
Y409811	0.332	2.48	0.033	14.81	Vein	0.1 x 2
Y409817	0.006	0.11	0.001	21.55	Andesite	30 x 30
Y409818	<0.005	0.14	0.030	42.5	Andesite	30 x 30
Y409847	0.086	0.10	0.009	42.57	Dacite	5 x 5
Y409876	0.007	0.13	0.001	29.98	Andesite	6 x 5
Y409877	0.009	0.20	0.001	63.75	Andesite	5 x 5
Y409895	0.776	3.97	0.078	16.86	Vein	0.20 x 2
Y409912	0.243	18.5	0.024	39.64	Vein	0.30 x 2
Y409917	0.024	0.40	0.002	19.55	Vein	0.2 x 2.5
Y409918	7.795	27.7	0.780	5.96	Vein	0.3 x 2
Y409930	0.039	0.07	0.004	25.37	Andesite	5 x 3
Y409951	0.027	0.23	0.003	47.51	Veinlets	5 x 3
Y409957	0.011	2.97	0.001	2.77	Veinlets	20 x 15
Y409989	2.099	0.69	0.210	2.82	Veinlets	10 x 20
Y410045	0.074	2.22	0.007	6.12	Vein	1 x 2.5
Y411452	0.016	0.19	3.156	23.35	Agglomerate	0.6 x 4
Y411453	0.091	0.21	0.498	42.56	Agglomerate	2 x 3
Y411456	2.353	8.81	0.015	8.3	Vein	0,1 x 2
Y411458	0.008	0.20	1.144	7.76	Agglomerate	5 x 5
Y411469	0.016	0.09	0.013	61.34	Agglomerate	2 x 4
Y411471	0.011	0.10	1.164	3.7	Agglomerate	20 x 20
Y411472	0.007	0.21	2.396	4.65	Agglomerate	5 x 5

 

Quality Control and Quality Assurance

DLP Resources Peru S.A.C, a subsidiary of DLP Resources Inc., supervises sampling and carries out surface sampling and mapping of outcrop at the Esperanza project. Rock chip grid sampling was done within a maximum area of 40m x 40m and descriptions were carried out by a geologist. Samples are bagged and sealed on site before transportation to the SGS Peru S.A.C. sample preparation facility in Arequipa by Company vehicles and staff. Rocks are crushed Drying at 100°C, primary and secondary crushing to -10 mesh (up to 6K) Division and pulverizing of 250g (95% to 140 mesh) with 70% passing <2mm. Sample is split with riffle splitter and 250g pulverized to 85% less than 75um. Prepared samples are sent to Lima by SGS Peru S.A.C. for analysis. SGS Peru S.A.C. is an independent laboratory. Samples are analyzed for 50 elements using a four-acid digestion and atomic absorption spectroscopy finish. Overlimit samples for copper and silver were re-analysed by four-acid digestion and atomic absorption spectrometry finish. For gold determination, fire assay of a 30 g charge is followed by an atomic absorption spectroscopy (AAS) determination. In addition, sequential copper analyses are done and reports, soluble copper using sulphuric acid leach, soluble copper in cyanide leach, residual copper and total copper. SGS meets all requirements of International Standards with ISO/IEC 17025 accredited testing laboratories.

DLP Resources independently monitors quality control and quality assurance ("QA/QC") through a program that includes the insertion of certified reference materials.

Esperanza Project

Esperanza comprises 22,500 hectares of claims 100% owned by DLP in southern Peru, located 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 (Figure 1). The Project sits within one of the most productive copper belts on earth, with established infrastructure, power and skilled labour in the surrounding Arequipa and Moquegua regions.

Figure 1: Esperanza Project Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/306811_ae950ab8d49f68f0_001full.jpg

Note: Mineral resources and reserves from nearby properties are not necessarily indicative of the mineralization on the Esperanza property. Sources: ¹ 2025 Annual Report (10K) - Freeport McMoRan; ² ASX Announcement - September 24 2015 - Presentation - Los Calatos High Grade Development Option; ³ 2025 Ore Reserve and Mineral Resources Report - Anglo American; ⁴ 2025 Annual Report (10K) - Southern Copper; ⁵ 2025 Annual Report (10K) - Southern Copper.

Figure 2: Esperanza Project - Reduced to pole magnetic map and anomalous gold (Au), silver (Ag), copper (Cu) and molybdenum (Mo) in rock samples.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/306811_ae950ab8d49f68f0_002full.jpg

Figure 3: Esperanza Project - Reduced to pole magnetic map with La/Yb and Sr/Y ratios shown

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/306811_ae950ab8d49f68f0_003full.jpg

Qualified Person

Mr. Gendall, CEO & 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 Inc. is a mineral exploration company focused on its Aurora porphyry copper-molybdenum-silver project and Esperanza porphyry copper-gold project in Southern Peru. In February 2025, DLP announced a 1.05 billion-tonne inferred maiden resource grading 0.44% CuEq (0.20% Cu, 0.05% Mo, 2.4 g/t Ag) prepared by AMC Consultants Pty Ltd. ("AMC"). At Esperanza, the Company is progressing towards a maiden drill program in 2026, following up on the high-grade trench - panel sampling results corresponding with a 5.0km x 2.5km magnetic anomaly. DLP is listed on the TSX-V (DLP), on the OTCQB (DLPRF), and on the FSE (J8C).

Please refer to our web site 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
iangendall@dlpresourcesinc.com

Gautam Iyer, VP Corporate Development & Investor Relations
gautamiyer@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.

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to further sampling, mapping and advancement of the Esperanza Project in Peru.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things rock chip results expected from the Esperanza Project in Peru.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Additional information relating to the Company, including DLP Resources Inc. Annual Information Form, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, and on the Company's website at www.dlpresourcesinc.com

---

¹ Loucks, R.R. (2014), Distinctive composition of copper-ore-forming arc magmas, Australian Journal of Earth Sciences 61(1), 5-16
² Chen, N. et al. (2023), Arc magmatic evolution and porphyry copper deposit formation under compressional regime: A geochemical perspective from the Toquepala arc in Southern Peru, Earth-Science Reviews
³ The Sr/Y ratio is not a measure of mineralization, grade or tonnage, and a fertile signature does not guarantee the presence of an economic deposit. Geochemical characteristics and mineral resources of other properties are not necessarily indicative of the mineralization at Esperanza.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306811

FAQ

What high-grade silver and copper results did DLP Resources (OTCQB: DLPRF) report at Esperanza on July 28, 2026?

DLP Resources reported a surface vein sample grading 550 g/t silver, 4.548% copper and 141.43 ppm molybdenum. According to DLP Resources, this is the highest silver value returned at the Esperanza project to date and is associated with a polymetallic, porphyry-related vein.

How many high-grade copper rock chip samples did DLP Resources (DLPRF) collect at Esperanza in the latest program?

DLP Resources reported that 21 of 55 select rock chip samples returned more than 1% copper and 12 exceeded 2% copper. The highest select copper grades in these samples reached 4.558%, 4.548% and 4.493% Cu, supporting a widespread copper signature at surface.

What new priority target areas did DLP Resources (DLPRF) define at the Esperanza project in Peru?

DLP Resources defined the Esperanza East Domain, about 1 km by 1 km and 3.7 km ESE of the main target, and a Northeast Vein Corridor 6.5 km NE. According to the company, both areas coincide with geophysical or geochemical anomalies and remain untested by drilling.

When is the maiden drill program at DLP Resources’ Esperanza project (DLPRF) scheduled to start and how large is it?

DLP Resources plans a maiden 3,000-metre diamond drill program at Esperanza, expected to commence in late Q3 2026. According to the company, drilling will test the interpreted copper-gold core around the main magnetic anomaly and at depth, guided by coincident geochemical and geophysical data.

How does the Sr/Y ratio at DLP Resources’ Esperanza main target (DLPRF) compare with major southern Peru porphyry districts?

DLP Resources reports an average Sr/Y ratio of 89.12 at the Esperanza main target. According to the company, this lies within the range of southern Peru’s established porphyry districts, where the magmatic system hosting large deposits averages an Sr/Y ratio of 104.42.

Where is DLP Resources’ Esperanza project (ticker DLPRF) located and how large is the land package?

The Esperanza project covers 22,500 hectares in southern Peru, about 35 km southwest of Freeport-McMoRan’s Cerro Verde mine and just south of the Chapi copper mine. According to DLP Resources, it lies within a major Andean copper belt with existing regional infrastructure.

How many total rock chip samples has DLP Resources (DLPRF) collected at Esperanza and how were they analyzed?

DLP Resources has collected 503 rock chip samples across Esperanza to date. According to the company, samples were prepared by SGS Peru and analyzed in Lima for gold, silver, copper, molybdenum and 50 elements using four-acid digestion, atomic absorption spectroscopy and fire assay QA/QC protocols.