Nittetsu Mining Provides $1.5 Million Third Option Payment for Camino's Los Chapitos Project

Vancouver, BC - June 5, 2024 - Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF)(WKN:A116E1) has received CAD$1.5 million from Nittetsu Mining CO., Ltd. The funds are part of a Definitive Agreement that allows Nittetsu to secure a 35% interest in Camino's Los Chapitos Copper Project in Peru, with a total investment of CAD$10 million over three years. To date, Nittetsu has invested CAD$5.5 million.

Felix Cornelio, Head of Exploration at Camino, highlighted the significance of Los Chapitos in attracting major mining companies like Rio Tinto. The company aims to identify new drilling targets with the help of geologists from Japan, Chile, and Peru, focusing on near-surface green oxide copper mantos and potential large sulphide copper deposits along deep-seated faults.

The exploration program will include a reconnaissance geological mapping campaign at La Estancia. The effort will cover a 12-kilometer corridor to identify new stratabound copper-silver and IOCG type mineralized bodies for future drilling.

This summer and fall, Camino and Nittetsu plan to develop a new geological model for the Adriana zone. The Diva Trend satellite exploration program will also continue, targeting the intersections of Diva Trend and Hunarpo faults with the Rumi Puka deep-seated fault to identify new drilling zones for the fall 2024 campaign.