Camino Announces up to CAD$2.0 Million Private Placement; Proceeds to be Used to Advance Exploration Drilling at the Maria Cecilia Copper Project in Peru - Seite 2

All securities issued and sold under the Financing will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Financing remain subject to the receipt of all necessary regulatory approvals, including the approval of the Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

The Maria Cecilia Porphyry Complex

The Maria Cecilia porphyry complex is a mineralized system of several intrusives that extends for over 5 km and hosts the mineral resources of Toropunto and Emmanuel, that have been prepared in accordance with National Instrument 43-101 standards. The central intrusive of Maria Cecilia has never been drilled and exhibits the largest magnetic anomaly in the porphyry complex. Drilling at adjacent deposits demonstrates cross-cutting mineralization indicating multiple intrusive pulses of copper, gold, zinc, and molybdenum mineralization adjacent to Maria Cecilia.

In addition, anomalous molybdenum has been encountered immediately next to Maria Cecilia indicating zoning proximity to a copper source and the potential for a robust porphyry. The Company proposes to drill from surface two porphyry outcrops with test pit grades up to 0.5 and 0.9% Cu, respectively, and drill to a potential quartz magnetite high-grade copper mineralized body within the magnetic anomaly.

In September 2022, Camino was granted the Declaration of Environmental Impact permit to drill up to 23,000 meters at Maria Cecilia (see news release dated September 12, 2022).

About Camino

Camino is a discovery and development stage copper exploration company. Camino is focused on advancing its high-grade Los Chapitos copper project located in Peru through to resource delineation and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for a planned exploration drilling program. 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.