An Opportunity For Discovery DLP TSXV - DLP Resources Inc

DLP TSXVwww.dlpresourcesinc.com

An Opportunity For Discovery

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Cautionary Statement

Certain information contained in this document may be forward-looking statements or forward-looking information (referred to as “forward-looking statements”). Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. Examples of such forward-looking statements in this document include, but are not limited to, financial and business prospects, geological success, field geology results and financial outlooks. The forward-looking statements are based on certain assumptions, which include, amongst other things, whether DLP Resources Inc. (“DLP”) has sufficient capital to effect its objectives, whether the objectives will produce the results intended by DLP, and whether the markets will react and perform in a manner consistent with the business objectives. Although DLP believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from third parties is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, changes in general economic and market conditions and other risk factors. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this document and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes. Any forward-looking statements contained in this document are expressly qualified, in their entirety, by this cautionary statement. Any forward-looking statements contained in this document are made as of the date hereof and the DLP does not undertake to update or revise them, except as may be required by applicable securities law.

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Overview

• A mineral exploration Company exploring for base metalsin South Eastern, B.C.

• 4 Key properties with over 14,391 Ha of claims:➢ Hungry Creek : Copper & Cobalt➢ Redburn Creek : Copper & Cobalt➢ Aldridge 1 & 2: Silver, Lead & Zinc

• 1 Property of 2,404 Ha under option from PJX ResourcesInc:➢ DD project: Silver, Lead & Zinc

• Corporate strategy is based on a culmination of Geologist,David Leo Pighin’s, 50 years of exploration work with Teck-Cominco and other exploration companies primarily inSouth Eastern, B.C Region

• Experienced Board & Management noted in the Appendix

3David Pighin & Crew

Vision

To design, implement and manage cost effective andsuccessful exploration programs with the objective of buildingshareholder value through mineral discoveries in the prolificPurcell Basin Belt, one of the world’s foremost geological andmining jurisdictions.

• Exceptional exploration opportunity with exposure to,Copper, Lead, Zinc, Silver Gold, Cobalt and Silver in anunder explored mineralized belt. Exploring in known“elephant” country, strong exploration upside in districtwide potential.

• Company has significant land package in one of mosthistorical mining districts in the world.

• Under the guidance of David Pighin, all of DLP ResourcesInc. properties have been acquired by staking.

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Silver, Lead & Zinc Project Geology Sedex Style Sullivan Deposits

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Distribution of Belt/PurcellSupergroup rocks in B.C and U.S.A, showing Proterozoic tectonic elements

and location of major deposits or camps (after Lydon, 2001; Höy et al., 2001)

The deposit lies within the lower part of the Purcell Supergroup and mineralization occurred about 1470 million years ago during the late Precambrian (Mesoproterozoic).

The deposit was discovered in 1892 and the mine was the largest lead and zinc operation in the world during the early 20th century. The deposit was acquired in 1909 by the CPR-owned Consolidated Mining and Smelting Company of Canada (later Cominco Ltd. and Teck Cominco). The mine's economic success resulted largely from Sullivan's 1916 development of the differential flotation process that allowed separate recovery of lead and zinc concentrates in the milling process. This technology, developed by Trail operations at Sullivan,[3] has been used worldwide for various types of ore bodies. In its lifetime, the mine produced over 160 million tons of ore containing 8 million tons of lead, 7 million tons of zinc, and 285 million troy ounces (8.9×109 g) of silver, which were together worth more than $20 billion. After 92 years of active production, the Sullivan Mine was closed in 2001. Since then Teck Cominco has been undertaking an extensive decommissioning and reclamation process at the site (Wikipedia extract)

Silver, Lead & Zinc Project Geology Sedex Style Sullivan Deposits

Over its 100-year lifetime, the Sullivan mine produced approximately 160 million tonnes of ore including three million ounces of silver, eight million tonnes of zinc and nine million tonnes of Lead—worth over $30-billion at current metal prices.

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DLP Silver, Lead & Zinc Projects;

• Aldridge 1

• Aldridge 2

The Sullivan ore body is a complex sedimentaryexhalative (SedEx) deposit that consistsprimarily of silver, zinc, lead, and ironsapphires. It is hosted in the sedimentary rocksof the Aldridge Formation in the lower part ofthe Purcell Supergroup. These ore deposits areinterpreted to have been formed by release ofore-bearing hydrothermal fluids into a waterreservoir (usually the ocean), resulting in theprecipitation of stratiform rich ore.

Aldridge 1 & 2: Silver, Lead & Zinc Projects

• Aldridge 1 & 2 are in close proximity to each other andpart of the Leadville Creek Corridor, near Cranbrook,B.C.

• Aldridge 1 is 29.14 sq km and Aldridge 2 is 18.55 sq kmand were acquired by staking.

• The Leadville Creek Corridor is similar to the North Star-Sullivan Corridor which is the feeder system to theSullivan deposit.

• 32.8 Line/km of ground geophysics - Titan 24 MT byQuantec has been completed over Aldridge 1 & 2 (seenews release dated March 23, 2020)

• Targets identified from the MT geophysical survey andmapping done by Dave Pighin will now be tested bydrilling (see Figures below).

• The exploration pursuit of these two properties ispredicated on the evaluation of the most likelystratigraphic site for Sedex Mineralization and thereforemineral deposits at the Lower to Middle Aldridgecontact.

7Map shows the Leadville Corridor and its similar geological characteristics as the paralleling North Star-Sullivan Corridor.

Aldridge 1: Proposed Drill Targets

8Proposed DDH

Aldridge 1 : Titan 24 MT -400m Depth

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Proposed DDH

Aldridge 1 : Titan 24 MT Section L2400N

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350m

500m

Proposed DDH_ALD1_001


Aldridge 1 : Titan 24 MT Section L0800N

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1600m

900m

Aldridge 2: Proposed Drill Targets

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0 400m

Proposed DDH

(see Titan 24 MT sections below)

L0400N

L0000N

L0800N

L1200N

L1600N

L2000N

Aldridge 2: Titan 24 MT Section L0400 N

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470m

Aldridge 2: Titan 24 MT Section L0800N

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350m

Aldridge 2: Titan 24 MT Section L0000N

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500m

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On July 13, 2020, DLP and PJX Resources Inc. (“PJX”)signed the definitive Option Agreement in relation tothe DD Property. DLP can earn a 50% undividedinterest in the DD Property with terms as follows:1. Spending $4 million in exploration expenditures

and making a total of $250,000 cash payments toPJX over 48 months of the effective date of theagreement.

2. DLP would have the right to earn an additionalundivided 25% interest (75% total) by delivering abankable commercial feasibility study on theproperty within 96 months of the effective date ofthe agreement.

3. Upon DLP's exercise of the Option and acquisitionof a 50% or 75% interest in the Property, asapplicable, the parties will enter into a jointventure agreement for the further development ofthe Property.

DD Property: Option with PJX Resources Silver, Lead & Zinc Project

Map and information taken from PJX webpage: https://pjxresources.com/projects/dd-property

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• The DD Property totals 2404.156 Ha andoccurs within a sedimentary basin called thePanda Basin that is geologically similar to theSullivan Basin hosting the Sullivan depositlocated about 45 km to the north

• DD has the potential for hosting a Sullivantype (Sedex) zinc-lead-silver deposit.

The Sullivan Deposit occurs at a geologicalhorizon called the LMC (Lower-Middle AldridgeContact). No holes have tested the LMC horizonon the DD Property.

DD Property: Silver, Lead & Zinc Project

Map and information taken from PJX webpage: https://pjxresources.com/projects/dd-property

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• Six historic holes drilled to test the LMChorizon in vicinity of the DD Property haveencountered geology that supports thepotential for a Sullivan Type Deposit.

• The thickness, alteration and anomalous zinc-lead mineralization of the LMC horizonprogressively increases in intensity the closerholes are drilled to the DD Property (see crosssections of the Panda Basin Geology adjacentto DD Property).

• This increase in alteration and anomalous Znmineralization towards the DD property isvery favourable for targeting further drillholes for testing the potential for the PandaBasin to host a Sullivan Type deposit.


Section and information taken from PJX webpage: https://pjxresources.com/projects/dd-property

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From 2016 to November 2019, Teck Resources Limited (Teck) had an option to acquire an interest in the DD property and drilled a partially completed hole in 2018 before relinquishing their option.

• One 1425 metre long sub-vertical hole (Pan-18-01), drilled on the DD Property in 2018, stopped short of the LMC horizon, in a gabbro sill rock unit (see drill section).

• The hole is accessible and needs to be extended and drilled through the gabbro sill to test the potential for a Sullivan type deposit at the LMC horizon.

• Albite-silica-sericite-garnet alteration is ubiquitous throughout hole Pan-18-01. Strong pervasive and fracture-controlled quartz-albite-white mica alteration occurs from 1262-1361m, proximal to the upper contact of the lowermost gabbro sill.

• These types of alteration are consistent with a geological environment that could host a Sullivan type deposit.


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• The geology and Sullivan type deposit potential make the DD Property very attractive. • No holes have tested the LMC horizon on the Property and the historic holes drilled to test the LMC horizon in vicinity of

the DD Property have encountered geology that supports the potential for a Sullivan Type Deposit. • The thickness, alteration, and mineralization of the LMC horizon increases and is strongest in historic holes drilled closest

to the DD Property. • This points to the DD Property as the location with the best potential to host a Sullivan Type deposit in the Panda

geological basin• PJX and DLP believe there is an opportunity to drill this hole to a greater depth and locate the LMC zone and potential

Sullivan style mineralization


Summary

Copper Projects Geology

Recent and previous work by DLP Resources Inc. has identified a sediment hosted stratabound Copperoccurrence in the Purcell Basin within the Creston Formation in South Eastern British Columbia. Three depositsin Montana (Troy-Spar Lake, Montanore and Rock Creek) are all hosted with the quartzites of that formation.These three deposits host 500 million ounces of silver and 5 billion pounds of copper.

Stratabound Copper Cobalt Targets Area in South Eastern British Columbia

Taken & modified from: Morton et. al., 1974 Taken & modified from: White et. al., 2014

Sediment hosted stratabound Copper deposits are the second most important source of Copper afterporphyry Copper deposits in total resource. Occurrences of stratabound Copper deposits have beendiscovered in the Purcell Basin within the Creston Formation in South Eastern British Columbia. 21

DLP Copper Projects;

• Hungry Creek

• Redburn Creek

Hungry Creek Copper Project

• The Hungry Creek property is 43.24 sq. km and is located 35 kmwest of Kimberley, B.C. Access is by good logging roads that are4 km of the project.

• Past and recent prospecting in the stream bed of Hungry Creekhas discovered numerous boulders of massive sulfides rangingin size from 30cm x 30cm to larger than one cubic meter.

• Prospecting traced these boulders chain over a 4 km lengthand mineralization is composed of chalcopyrite and bornite(Copper) & Pyrrhotite (Cobalt). Assays from a couple of thelarge sulphide rich boulders ran between 1.66% to 2.96%Copper and 0.078% to 0.1613% Cobalt.

• Ohmmeter tests show that the massive sulphide is highlyconductive and mineralization is sediment hosted characteristicof other large mineral deposits in the Belt.

• Current exploration consists of prospecting, VLF geophysics andsoil geochemistry.

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Grab Samples From Hungry Creek

• Redburn Creek property is 53.6 sq km. near Golden,B.C.

• In the Redburn Creek drainage, twenty-five streamswere tested via heavy mineral sampling, with elevenbeing moderately to strongly anomalous in copper,cobalt and lead. Five of the most anomalous streamsare adjacent to one another, forming a belt three kmlong. Heavy mineral assays from these five creeksaveraged copper 1,107.6 ppm, cobalt 240 ppm, lead2,395 ppm.

• A grab sample from outcrop assayed 9.34% copperand 3.39 ppm silver. The float boulder consists ofchalcopyrite, malachite and azurite in limestonebreccia which assayed 4.9% copper and 2.39 ppmsilver.

• The Redburn Creek claims are within an anomaloushorizon at the top of the Cambrian Chancellorformation shales. This horizon has been traced fromElkford, B.C. to north of Golden, B.C. which hosts amassive sulfide deposit at Cummings Creek and theKicking Horse Monarch Mine* at Field, B.C.

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Redburn Creek Copper Project

Grab Samples From Redburn CreekDuring the main phase of mining from 1929 to 1948, 773,445 tons of ore were milled yielding 697,208 ounces of silver, 129,747,211 pounds of zinc, and 84,310,179 pounds of lead. The mines have been inactive since 1952, and were acquired by Parks Canada in 1976.

Summary

• DLP Resources Inc. is a newly formed company thatprovides an exceptional exploration opportunity forCopper-Cobalt and Silver, Lead & Zinc discoveriesin a geological setting that has potential to hostlarge scale and high value deposits.

• Previous geological work has yielded high gradevalues and current exploration consisting ofgeophysics and prospecting shows the potential foradvanced drill targets.

• The Company is led by an experiencedmanagement and technical team that has 50 yearsof experience in Sedex and other deposit types.

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Capital Structure & Private Placement

• Lead by junior mining specialists, Haywood Securities

• Shares commenced trading on TSXV:DLP – Nov.22/2019

• Shares – 9,800,000 @ $0.10 plus ½ warrant @ $0.15 for 2 years

• Flow Through Shares – 1,323,131 @ $0.13

• Gross Proceeds - C$1,152,007

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Private placement: C $1.15 M Oct. 2019

Total Issued & Outstanding : 50,695,631 shares Warrants Outstanding @ $0.10 : 525,000Warrants Outstanding @ $0.13: 49,042Warrants Outstanding @ $0.15: 4,875,000Options Outstanding @ 0.15: 1,000,000Fully Diluted : 57,144,673 shares

Commenced trading : November 22, 2019

High Low C $ 0.10 to 0.26

Sedar Name : MG Capital Corporation*

* At next AGM (early Sept/2020) MG Capital Corporation’s name to be changed to DLP Resources Inc.

Capital Structure as at July 02/2020

Appendix

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Property Maps

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Aldridge 1, 2 & Hungry Creek + DD Property (under option with PJX)

Redburn Creek

Property Maps

28Hungry Creek

Experienced Management

James Stypula, CEO & Director

Mr. James (Jim) Stypula is a businessman with over 30 years of experience and a former investment advisor and financier of mineral exploration anddevelopment companies in North and South America. Mr. Stypula is currently a director of Ascot Resources Ltd. Mr. Stypula was the formerChairman of the board of directors of Magellan Minerals Ltd. after its merger with Chapleau Resources Ltd. where he served as CEO and director. Mr.Stypula was also one of the founding directors of Far West Mining Ltd. Mr. Stypula has acted on numerous board committees and has a wealth ofbusiness experience related to the mining industry, especially with respect to the small cap gold sector.

Ian Gendall, President

Ian Gendall is an Exploration Geologist with a M.Sc. Exploration Geology degree from Rhodes University in South Africa. He has over 30 years’experience in mineral exploration in South Africa, South America, Canada, Mexico and the USA. Ian has led and managed exploration teams andevaluated copper and gold projects for previous companies such as Gencor, Billiton, Anglo American, Antofagasta and more recently OceanaGold.Ian and the Billiton Exploration team were credited with the major porphyry copper discoveries in SE Ecuador which was “farmed out” to CorrienteResources Inc., who were subsequently taken over by CRCC-Tongguan Investment Co., Ltd. for $679 million in 2010.

Ian has also spent time successfully doing exploration and managing projects for Junior Companies including Chapleau Resources, Magellan Mineralsand Ryan Gold through 2005 to 2010. During his time with Chapleau and Magellan, he was involved in gold exploration in the Tapajos Gold Provinceof Brazil. Ian also oversaw and managed the resource estimation and preliminary economic assessment study for the Coringa gold project in Brazilwhich is currently with Serabi Gold. While he was VP Exploration for Ryan Gold Corp. in 2011-12, he was involved in a multi-million-dollarexploration programme covering more than 5000 km2 in the Yukon Territory of Northern Canada.

Ian is registered as a Pr. Sci. Nat., a qualified person in compliance with National Instrument 43-101 and is a member of various scientificorganizations including the Society of Economic Geologists, Society for Geology Applied to Mineral Deposits and the Geological Society of America.

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Experienced Management

David L. Pighin, Project Geologist

Mr. David Pighin has dedicated his working life to mining and exploration geology and has been actively involved in the industry for 53 years. He started his career with Cominco Ltd. (now Teck) as a professional Prospector and was promoted to Geologist in 1977. In 1989 after 24 years, Mr. Pighin left Cominco. Since 1989, Mr. Pighin became a consulting geologist and has worked for numerous junior exploration companies. He has worked in BC, the Yukon, the Northwest Territories, New Brunswick as well as most of the western United States and Mexico. Mr. Pighin has planned and managed numerous exploration programs designed to find deposits of base metals, tungsten, moly, gold, diamonds and rare earth metals. During 1993, Mr. Pighin ascertained the designation of P.Geo.

Mr. Pighin has discovered the following significant exploration properties: The Fors Property (PB, Zn, Ag) ; The Cedar Property (Tungsten) ; The Vine Property (Pb, Zn, Ag, Au) ; The Streamboat Property (Pb, Zn, Ba) ; The Cross Property – discovered and recognized 4 Kimberlite pipes ;The Fen Property (Rare Earth Metals) ; The Boulder Gold Property (Au) . Mr. Pighin is a qualified person re: National Instrument 43-101.

Robin Sudo, CFO & Corporate Secretary

Ms. Leslie (Robin) Sudo has been actively involved in the mining exploration industry for 35 years, working with major and junior companies. Duringthis time Ms. Sudo has accumulated a vast knowledge of the industry as she has served in a wide variety of roles including CFO, Accounting,Corporate Secretary, Corporate Governance and Internal Controls developer, Land Manager including mineral claim management, staking andpermitting in numerous provinces and 2 territories. Ms. Sudo’s knowledge includes all aspects of Administration regarding an exploration office,managing property agreements, electronic filing of public documents (SEDAR) and has performed Human Resources work. Some of the companiesMs. Sudo has worked with are Cominco (now Teck), Chapleau Resources Ltd., Consolidated Ramrod Gold Corp., Ryan Gold Corp., StrikePoint GoldInc. and Ascot Resources Ltd.

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Experienced Board of Directors

Richard Zimmer, Director * ( Independent)

Mr. Zimmer has a degree in Mining Engineering and an MBA and has over 40 years of Canadian and international mining experience includingexploration, development and mine operations (both underground and open pit). In the past, Mr. Zimmer served as: President and CEO of Far WestMining Ltd.; VP and Project Manager for Teck's Pogo project in Alaska and General Manager of Teck's Tarmoola gold mine in Australia; Mine Managerof Teck's Afton copper-gold mine in British Columbia as well as acting in several senior mining roles throughout his career. Mr. Zimmer currentlyserves as a director of Ascot Resources Ltd., Capstone Mining Corp., and Alexco Resource Corp.

William Bennett, Director* (Independent)

Mr. William (Bill) Bennett was formerly a government MLA in British Columbia (“BC”) for 16 years in the Riding of Kootenay East. In addition toholding portfolios for Local Government and Tourism, Mr. Bennett was named BC Mines Minister three separate times over his 16 years. Mr. Bennetthas a BA from the University of Guelph and a law degree from Queen’s University. Mr. Bennett is known across Canada for his knowledge of themining industry in BC. He led the BC government’s efforts over many years to restore BC’s competitiveness for exploration investment, includinghaving improved the BC Ministry of Energy & Mines permitting process and helping to launch BC’s First Nations mine revenue sharing program.There are few people in Canada who have such a strong combined knowledge of government processes, of the mining industry and of First Nations.Mr. Bennett also sits on the board of directors of Ascot Resources Ltd., Kutcho Copper Corp. and Eagle Plains Resources Ltd.

*Member of the Audit Committee

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Experienced Board of Directors (cont.)

James Stypula, CEO & Director

Mr. James (Jim) Stypula is a businessman with over 30 years of experience and a former investment advisor and financier of mineral exploration and development companies in North and South America. Mr. Stypula is currently a director of Ascot Resources Ltd. Mr. Stypula was the former Chairman of the board of directors of Magellan Minerals Ltd. after its merger with Chapleau Resources Ltd. where he served as CEO and director. Mr. Stypula was also one of the founding directors of Far West Mining Ltd. Mr. Stypula has acted on numerous board committees and has a wealth of business experience related to the mining industry, especially with respect to the small cap gold sector.

Carol Li, Financial AdvisorMs. Carol Li is a Canadian Chartered Professional Accountant with over 20 years of financial and executive management experience, of which 14years in mining. Ms. Li was appointed as Chief Financial Officer of Ascot Resources Ltd. on November 2, 2017. Ms. Li was formerly Vice President,Finance for KGHM International Ltd. from 2012 to 2017 and Corporate Controller for Quadra/QuadraFNX Mining Ltd. from 2004 to 2012. Ms. Libecame a director of Strikepoint Gold Inc. on June 3, 2019 as a representative for Ascot Resources as one of Strikepoint’s largest shareholders.

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Experienced Advisory Board

Derek White, Advisory Board

Mr. Derek White brings over 30 years of international experience in the mining industry to this role. Mr. White is currently President and CEO of Ascot Resources Ltd. He is an ICSA Accredited Director and has served on a number of precious metal boards throughout his career. Mr. White holds an undergraduate degree in Geological Engineering from the University of British Columbia and is also a Chartered Accountant. Mr. White also currently serves as a director of MAG Silver Corp. and Orca Gold Inc.

Mark D. Kucher, Advisory Board

Mr. Kucher brings over 35 years of mining investment banking, company creation and shareholder wealth creation. He is currently the Managing Director and Chief Investment Officer of the Bank of Nevis International. While at British Swiss Investment Corp., Mr. Kucher created three gold royalty companies that were sold to Couer Mines, Anglo Gold Ashanti and Royal Gold at attractive multiples to the original investment. Mr. Kucherwas also involved in the restructuring of Aurex Resources where it was merged with Cobre Mining and ultimately sold to Phelps Dodge Mining Company. Mr. Kucher served as the CFO of Princeton Mining during its restructuring and merger and build out of the Huckleberry Mine. Prior to creating British Swiss Investment Corp., Mr. Kucher worked in investment banking with Sprott Securities, Alfred Bunting and Company and Burns Fry Ltd. Mr. Kucher has an MBA from the University of Western Ontario and a B. Comm (Hons) from the University of Manitoba.

Luke Alexander, Advisory BoardIn 2018, Mr. Alexander founded Park Road Capital, a capital markets advisory group focused on the global Natural Resource sector. Prior to Park RoadCapital, Mr. Alexander was a managing director at GMP Securities based in Vancouver. Before relocating to Vancouver, Mr. Alexander spent 12 yearsin London, UK, covering the Natural Resource sector. During his time in London he was a senior partner at GMP Securities Europe, Vice President atNational Bank Financial where he helped establish their first equity trading desk in London, and an equity sales trader at TD Securities. Mr. Alexanderbegan his career working in the private client group at BMO Nesbitt Burns.

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For More Information Contact:DLP RESOURCES INC.MG Capital Corporation#201 – 135 – 10th Ave. S.,Cranbrook, BC V1C 2N1Phone: 250-426-7808Ian Gendall [email protected] Stypula [email protected] Sudo [email protected]

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An Opportunity For Discovery DLP TSXV - DLP Resources Inc