Cerro de Pasco Resources Provides Operational Review, Project Progress and Corporate Update

Core Insights - Cerro de Pasco Resources Inc. (CDPR) has provided an operational review and corporate update regarding the Quiulacocha Tailings Project, indicating progress towards the next stage of project execution [1] Project Positioning Update - In 2025, the company completed key technical, environmental, and regulatory workstreams to advance the Quiulacocha Project, reducing execution risk and strengthening the permitting foundation [3] - A comprehensive pathway for tailings reprocessing and environmental remediation has been established [3] Technical Readiness Established - Integrated Phase 1 technical programs were completed, including studies on mineralogy, metallurgy, rheology, geotechnical and hydrogeological assessments, and validation of resource modeling methodologies [4] - Multi-laboratory metallurgical characterization programs were advanced, providing a technical basis for scale-up testing and flowsheet optimization [4] Logistics and Infrastructure Evaluated - Preliminary logistics and transportation studies were completed, evaluating concentrate handling and regional transport alternatives, which informed downstream engineering studies [5] Environmental and Baseline Framework Completed - Environmental-geochemical baseline programs were conducted at over sixty locations, enabling stability modeling and risk assessment for the Phase 2 drilling program [6] Permitting and Site Control Progressed - The company closed the Declaración de Impacto Ambiental for Phase 1 drilling and submitted a new declaration for Phase 2 drilling activities [7] - A surface use agreement was executed with the Community of Quiulacocha, ensuring access for ongoing technical activities [7] Tailings Reprocessing Application - The groundwork for the Tailings Reprocessing Application has been completed, bringing the project to a late stage of readiness for comprehensive tailings reprocessing and environmental remediation [8] Completion of Phase 1 Bulk Sampling Program - From December 16 to 19, 2025, CDPR completed Phase 1 bulk sampling, collecting approximately 12.3 tonnes of raw bulk material for laboratory analysis [9][10] - This sampling is crucial for validating metallurgical performance and supporting future technical development [11] Corporate Update - The company granted 10,600,000 stock options to directors, officers, employees, and consultants, exercisable at CAD 0.68 per share [12] - A consultancy agreement was established with 1473632 BC Ltd. for strategic advisory services, with fees totaling CAD 100,000 for the initial term [14][15] About Cerro de Pasco Resources - CDPR focuses on developing its 100% owned El Metalurgista mining concession in Peru, aiming to reprocess and remediate historic mining waste while promoting environmental sustainability [17]