Camino Minerals Corporation announced that it has commenced road building and drilling pad construction at its wholly-owned Maria Cecilia copper porphyry project in Peru. Activities started at the end of March, with drilling to commence by the end of April 2024. Approximately 6 kilometers of roads will be constructed to connect to the existing road network in the area.

The Maria Cecilia project is located in the Cordillera Negra mountain range in the Andes at an elevation of 4,300 metres; approximately a 3 hour drive from the nearest mining-supported town of Caraz. The Maria Cecilia complex is a mineralized system of intrusives that extends for over 5 km and hosts the mineral resources of Toropunto, Emmanuel, and the undrilled central porphyry target, Maria Cecilia. The Maria Cecilia target, exhibits the largest magnetic anomaly in the porphyry complex.

Camino intends to drill up to two 750 meter holes to intercept a significant magnetic anomaly with the potential to host a robust mineralized porphyry system. Molybdenum has been encountered during previous exploration immediately adjacent to Maria Cecilia, that zonation models indicate potential proximity to a copper source. The proposed drilling program aims to discover ore-grade copper mineralization and associated minerals within the host rocks.

Maria Cecilia is in the center of the Northwest-Southeast belt between Toropunto, a copper-molybdenum-gold high-sulphidation epithermal system and the Emmanuel porphyry copper-molybdenUM mineralization, hosted in a package of sandstones and limestones of the Goyllarisquizga group. This approximately 20-million-year-old Formation, hosts andesitic porphyry and granodiorite intrusions that could host large-scale concentrations of copper mineralization in the Cordillera NegRA belt. At Maria Cecilia there is a 2.0 km Northeast-Southwestzonation, from unaltered calcareous rocks, grading to skarns of brown garnets, green garnets, and pyroxenes with the presence of sulfides, sandstones and hornfels with a stockwork of quartz veinlets, intruded by a porphyritic stock with copper oxides sampled at surface.

The drill holes at Maria Cecilia will seek to define copper mineralization and to estimate the correspondingzonation in the porphyry stock for further follow up drilling. The Company relied upon the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 under sections 5.5(b) and 5.7(1)(a) of MI 61-101 as the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the aggregate of the total dollar amount of the severance payment exceeded 25% of the Company's market capitalization.