CAMINO MINERALS CORP - CAMZF STOCK NEWS

Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has announced significant progress in its Summer 2024 mapping and exploration campaign at the Los Chapitos copper project in Peru. The company, in collaboration with Nittetsu Mining CO., , has identified five new exploration targets along the La Estancia fault, which extends for approximately 12 km through Camino's claims.

Key highlights include:

• Discovery of additional copper zones at Pilar Maria along the Diva Trend
• Notable mineralization at multiple targets, with copper grades reaching up to 7.3% Cu and 54 ppm Ag at Pilar Maria
• Drilling expected to begin at prioritized targets as early as December 2024
• Ongoing exploration targeting structural controls across the 12 km La Estancia trend

The new targets at Los Chapitos show similarities to manto-type copper deposits in northern Chile and demonstrate potential for copper-silver manto and IOCG type deposits. This exploration complements Camino's recent agreement to purchase the Puquios construction-ready copper mine in Chile.

Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has entered into a definitive share purchase agreement with Nittetsu Mining Co., and Denham Capital-advised vendors to jointly acquire the Puquios Copper Project in Chile. The transaction, valued at CAD $45.5 million plus contingent payments and an NSR royalty, will be structured as a 50/50 joint venture between Camino and Nittetsu. Key highlights include:

1. Initial CAD $20.5 million payment (CAD $10 million cash from Nittetsu, CAD $10.5 million in Camino shares)
2. Five contingent payments totaling CAD $25 million
3. 1.25% NSR royalty on all sales
4. Camino to undertake a CAD $2 million private placement
5. Transaction classified as a non-arm's length Reverse Takeover

The acquisition aims to transform Camino into a mid-tier copper producer, complementing its existing exploration projects in Peru. The deal is subject to shareholder and regulatory approvals, with closing expected by December 15, 2024.

Camino Minerals (TSXV:COR, OTC PINK:CAMZF) and Nittetsu Mining Co., have extended their exclusive negotiation period for the acquisition of the Puquios Project, a construction-ready copper mine in Chile. The exclusivity period, initially set to end on August 31, 2024, has been extended by one week to September 7, 2024. This extension allows both parties additional time to finalize negotiations and documentation for the Proposed Acquisition. The Puquios Project represents a significant opportunity in the copper mining sector, with potential implications for Camino's market position and future operations in Chile.

Camino Minerals has received a CAD$1.5 million third option payment from Nittetsu Mining to support further exploration of its Los Chapitos Copper Project in Peru. This payment is part of a Definitive Agreement signed in 2023, allowing Nittetsu to secure a 35% interest in the project with a total investment of CAD$10 million over three years. To date, Nittetsu has invested CAD$5.5 million. The funds will support the next phase of exploration, focusing on near-surface green oxide copper mantos and potential large sulphide copper deposits. Upcoming exploration activities include developing a new geological model for the Adriana zone and continued geological mapping at the Diva Trend to generate new drilling zones for the Fall 2024 campaign.

Camino has announced its inaugural drilling program at the Maria Cecilia copper porphyry project in Peru, starting June 1, 2024. This program aims to discover copper mineralization and estimate zonation for further drilling. Previous drilling at nearby Toropunto and Emmanuel revealed significant copper equivalent grades, indicating potential at Maria Cecilia. Camino plans to drill two 750-meter holes at Porphyry 1 and Porphyry 2 to target a large magnetic anomaly. Geological observations and recent assay results show promising copper oxide mineralization at surface levels. The project also includes newly identified Porphyry 3, which covers 0.4 by 1 km with notable copper mineralization features.

Camino has expanded its claims at the Los Chapitos copper project in Peru by an additional 1,700 hectares, following a land auction where it outbid competitors, including Rio Tinto. This increase brings the total area of Los Chapitos to 22,571 hectares. This marks Camino's second expansion in the past year. The new claims, identified as block 59 and block 54, are strategically located to connect existing claims and follow major fault structures. Rio Tinto also secured additional claims adjacent to Camino's property.

Camino Minerals announces exploration results from step-out drilling at its Los Chapitos copper property in Peru. The drilling campaign aimed to identify new zones of copper mineralization, revealing high-grade copper mineralization at Diana and Lourdes zones. The success of the campaign highlights the potential of the copper mineralizing system at Los Chapitos, supporting resource delineation studies and mine planning strategies.

Camino Minerals announces the commencement of road building and drilling pad construction at its Maria Cecilia copper porphyry project in Peru. The drilling program aims to make a new copper discovery on the project, with over USD $28 million invested in adjacent projects. The company intends to drill up to two 750-meter holes to intercept a significant magnetic anomaly at Maria Cecilia.

Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF)(WKN:A116E1) announces the addition of Chris Adams, former head of Macquarie's mining finance business in the Americas, to the Camino Board of Directors. David Baker has stepped down as a Director and joined as Chief Financial Officer. The Company also plans to issue shares to Resource Play and former CFO Justin Bourassa.