RCS - Camino Minerals Corp - Nittetsu Mining Provides Fifth Earn-in Payment

Nittetsu Mining CoAnnouncement

05/06/2025 12:00

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RNS Number : 5559L  Camino Minerals Corporation  05 June 2025

Nittetsu Mining Provides $1.5 Million Fifth Earn-in Payment for Camino's Los
Chapitos Project

VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / June 5,
2025 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ("Camino" or the
"Company") is pleased to announce the receipt of CAD$1.5 million from
exploration partner Nittetsu Mining CO., Ltd. ("Nittetsu") to fully fund the
upcoming exploration and drilling campaign at Camino's Los Chapitos Copper
Project ("Los Chapitos" or the "Project") in Peru.

The funds constitute the fifth option to earn-in payment by Nittetsu under the
terms of the Earn-in Agreement ("Agreement") that Camino entered into with
Nittetsu in 2023 (see news release dated June 14, 2023
(https://pr.report/b5z0) ). Under the terms of the Agreement, Nittetsu can
secure a 35% project interest in Los Chapitos once it completes a total
investment of CAD$10 million, contributed over three years. To date, Nittetsu
has invested a total of CAD$8.5 million into the Los Chapitos copper project.

The exploration and drilling campaign will run from June 1, 2025, until
November 30, 2025, and has been approved by the Camino - Nittetsu Joint
Technical Committee. The funds will be used to advance and drill Camino's next
high-priority targets, including the Katty prospect on the Diva Trend, where
mineralization associated with copper oxide, sulfides, and copper wad have
been identified at surface and previously drilled at depth. The campaign will
also cover the newly identified Sombrero Blanco target, along the La Estancia
fault, where a broad and continuous zone of copper oxide mineralization has
been identified, and which remains a key target within Camino's strategic
exploration at the Los Chapitos copper and silver exploration project in
southern Peru.

Camino and Nittetsu are also working with consultants to model and investigate
copper mineralization at depth. Historical drilling intercepts have
demonstrated high-grade copper at depth including 4.5m @ 5.01% Cu from 245.5 m
in drillhole DCH-012 (see news release dated May 26, 2020
(https://pr.report/b5z1) for full details of the drill hole and corresponding
drill program). Additional results of trenching and targeting will be released
in the coming weeks, as the Company identifies its best drilling targets for
2025.

"Our relationship with Nittetsu has recently deepened with the joint
acquisition of the advanced Puquios copper project in Chile (see news release
dated April 17, 2025 (https://pr.report/b5z2) ) which we are aiming to bring
to production, with its primary RCA permit to start construction already in
place. That relationship began at our Los Chapitos project in Peru, and we are
thankful for the continued investment from Nittetsu in what we believe has the
potential to become our next copper mine following Puquios. Nittetsu's
continued commitment underscores our joint belief in Los Chapitos' potential
to become a significant copper producer in Peru."

 

Figure 1. Geological mapping at the Los Chapitos copper project in May 2025.
(https://app.accessnewswire.com/imagelibrary/26055115-e8ca-4e69-b7ae-892e89037aa0/1035847/camino-img1-05062025.jpg)

Community Participation

On Friday, May 23, Camino held the Public Participation Workshop for the
Second Amendment EIA for Los Chapitos. This step in the permitting process
included active coordination with local authorities, community leaders, and
residents from the Project's direct area. The workshop was supported by a
comprehensive communication plan to encourage broad community engagement both
in-person and online that facilitated feedback from community members, and
reinforced Camino's commitment to public participation.

Figure 2. Camino representatives hosting the community participation workshop.
(https://app.accessnewswire.com/imagelibrary/533137c9-876a-4f08-b9d3-31841e5d89b1/1035847/camino-img2-05062025.jpg)

About Camino

Camino is a discovery and development stage copper exploration company. Camino
is focused on developing copper producing assets such as Puquios, a
construction-ready copper mine in Chile, and advancing its IOCG Los Chapitos
copper project located in Peru through to resource delineation and
development, and to add new discoveries. Camino has also permitted the Maria
Cecilia copper porphyry project for exploration discovery drilling to add to
its NI 43-101 resources. In addition, Camino has increased its land position
at its copper and silver Plata Dorada project. Camino seeks to acquire a
portfolio of advanced copper assets that have the potential to deliver copper
into an electrifying copper intensive global economy. For more information,
please refer to Camino's website at www.caminocorp.com
(https://pr.report/b5z3) .

Jose A. Bassan, MSc. Geologist, an independent geologist FAusIMM (CP) 227922,
a qualified person as defined by National Instrument 43-101 - Standards of
Disclosure for Mineral Projects, has reviewed and approved the technical
contents of this document. Mr. Bassan has reviewed and verified relevant data
supporting the technical disclosure, including sampling and analytical test
data.

 ON BEHALF OF THE BOARD  For further information, please contact:

Camino Investor Relations

/S/ "Jay Chmelauskas"
info@caminocorp.com

President and CEO
Tel: (604) 493-2058

Neither 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 Statements: Certain disclosures in
this release constitute forward-looking information. In making the
forward-looking disclosures in this release, the Company has applied certain
factors and assumptions that are based on the Company's current beliefs as
well as assumptions made by and information currently available to the
Company. Forward-looking information in the release includes the prospectivity
of future exploration work at Los Chapitos, future planned drilling programs,
prospectivity for copper exploration in new targets; expectations for
completion of earn-in expenditures under the Agreement with Nittetsu;
potential for development of the Puquios Project and Los Chapitos Project into
operating mining properties and the receipt of necessary authorizations and
approvals. Although the Company considers these assumptions to be reasonable
based on information currently available to it, they may prove to be
incorrect, and the forward-looking information in this release is subject to
numerous risks, uncertainties and other factors that may cause future results
to differ materially from those expressed or implied in such forward-looking
information. Such risk factors include, among others, that actual results of
the Company's exploration activities may be different than those expected by
management, that the Company may not realize the benefits of joint ventures
and/or strategic partnerships with respect to the Company's properties, that
the Company may be unable to obtain or may experience delays in obtaining any
required authorizations and approvals and the state of equity and commodity
markets, as well as other risks and assumptions set forth in our continuous
disclosure filings. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and expressly
disclaims any intention or obligation to, update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as required by law.

SOURCE: Camino Minerals Corp

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