Cerro de Pasco Resources Inc. Appoints Lara Smith to Board of Directors

Rhea-AI Summary

Cerro de Pasco Resources (OTCMKTS: GPPRF; TSXV: CDPR) appointed Lara Smith to its Board of Directors on Feb 3, 2026. Ms. Smith brings nearly two decades of experience in financial evaluation, project economics and risk assessment across mining and industrial projects.

The Corporation granted 200,000 stock options to Ms. Smith under its Stock Option Plan; all options vest on grant at an exercise price of $0.90 and expire five years from January 29, 2026.

MONTREAL, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCMKTS: GPPRF) (BVL: CDPR) (the “Corporation”) announces the appointment of Ms. Lara Smith to its Board of Directors.

An internationally recognized expert in the field of financial evaluation, project economics and risk assessment, Ms. Lara Smith has almost two decades of experience on a variety of global projects across the mining and industrial sectors.

With a Bachelor of Science in Chemistry, Statistics and Economics and a B.Comm Honours in Financial Analysis and Portfolio Management from the University of Cape Town, Ms. Smith has advised management teams on economic and market strategies for an array of commodities including base metals, bulk commodities, critical metals and rare earths in the sustainable energy transition.

“Lara’s technical and valuation experience complements the Board’s existing skill set and governance oversight at a very appropriate time as development options, capital allocation, and commercial framework are being considered, commented Steven Zadka, Executive Chairman of CDPR. We are pleased to welcome Lara to the Board of Directors and look forward to her contributions.”

The Corporation has granted 200,000 options to Ms. Smith. These options are granted in accordance with the terms of CDPR’S Stock Option Plan. All options vest on their date of grant and each option entitles the holder thereof to purchase one common share of the Corporation at a price of $0.90 for a period of five years from January 29, 2026.

About Cerro de Pasco Resources Inc.

Cerro de Pasco Resources Inc. is focused on the development of the El Metalurgista mining concession, including mineral rights covering part of the Quiulacocha Tailings Storage Facility in central Peru.

For further information, please contact:

Donna Yoshimatsu, Senior Strategic Advisor / Investor Relations
Mobile: +1 416-722-2456
Email : dyoshi@pascoresources.com

Website: www.pascoresoures.com

FAQ

Who is Lara Smith and why was she appointed to Cerro de Pasco Resources (GPPRF) Board on Feb 3, 2026?

She is an expert in financial evaluation, project economics and risk assessment with nearly two decades' experience. According to the company, her background spans mining and industrial projects and complements the Board's skills for development and capital-allocation decisions.

What are the terms of the stock options granted to Lara Smith by GPPRF?

Ms. Smith received 200,000 options that vest immediately at grant. According to the company, each option is exercisable at $0.90 and expires five years from January 29, 2026.

How might Lara Smith's appointment affect Cerro de Pasco Resources (GPPRF) governance and strategy?

Her appointment adds technical valuation and project-economics expertise to the Board. According to the company, this supports oversight during consideration of development options, capital allocation and commercial frameworks.

When do Lara Smith's options granted by GPPRF become exercisable and what is the exercise window?

All options vest immediately on the date of grant and become exercisable at vesting. According to the company, the options are exercisable at $0.90 for five years from January 29, 2026.

Does the GPPRF press release state Lara Smith's professional qualifications and sector experience?

Yes; she holds degrees in chemistry, statistics, economics and a B.Comm honours in financial analysis and portfolio management. According to the company, she has advised on commodities including base metals, critical metals and rare earths.