Cerro de Pasco Resources Inc. Appoints Lara Smith to Board of Directors

Cerro de Pasco Resources Inc. (TSXV: CDPR), a mining corporation focused on the El Metalurgista concession in central Peru, has announced the appointment of Lara Smith to its Board of Directors as of February 3, 2026. Smith brings nearly two decades of specialized experience in financial evaluation, project economics, and risk assessment in the mining and industrial sectors. She holds a Bachelor of Science in Chemistry, Statistics, and Economics, along with a B.Comm Honours in Financial Analysis and Portfolio Management from the University of Cape Town.

Smith's diverse expertise includes advising on economic and market strategies across various commodity sectors such as base metals, bulk commodities, critical metals, and rare earths, which are integral to the sustainable energy transition. Her appointment is seen as a timely enhancement to the board’s collective skill set, particularly as the Corporation explores development options, capital allocation, and commercial frameworks for its projects.

Steven Zadka, Executive Chairman of Cerro de Pasco Resources, expressed enthusiasm about Smith's addition, emphasizing her technical and valuation experience as a significant asset. As part of her onboarding, the Corporation has granted her 200,000 stock options, all of which vest immediately and provide the right to purchase shares at $0.90 each, valid for five years from January 29, 2026.

This strategic move reflects Cerro de Pasco's commitment to strengthening its governance and operational capabilities at a crucial juncture, as it advances the development of its mineral rights and addresses vital resource opportunities in Peru. For further inquiries, investors can reach out to Donna Yoshimatsu, Senior Strategic Advisor/Investor Relations.

Cerro de Pasco Resources Inc. (TSXV: CDPR) has recently appointed Ms. Lara Smith to its Board of Directors, a strategic move that could have significant implications for the company’s market positioning and operational direction. With her extensive experience in financial evaluation and risk assessment within the mining sector, her appointment comes at a crucial time as Cerro de Pasco navigates developmental and capital allocation choices concerning its El Metalurgista mining concession.

Ms. Smith’s background, which combines both technical knowledge and financial acumen, is expected to enhance the Board’s capabilities in addressing the challenges and opportunities inherent in the mining and commodities markets. Given the increasing complexity surrounding project financing and sustainable resource extraction, her expertise in commodities relevant to the clean energy transition positions Cerro de Pasco favorably to capitalize on emerging market trends.

From a market perspective, investors may view this appointment as a signal of the company’s commitment to strengthening its governance and operational framework. The issuance of 200,000 stock options to Ms. Smith at a strike price of $0.90 per share not only indicates the Board's confidence in her ability to create shareholder value but also aligns her interests with those of other shareholders.

Furthermore, as global demand for critical metals continues to rise, particularly in the context of sustainable energy initiatives, Cerro de Pasco’s focus on the Quiulacocha Tailings Storage Facility could become increasingly relevant. Given these factors, investors should monitor potential developments in project financing or partnerships that may arise from this enhanced governance structure.

Overall, while market dynamics can be unpredictable, Cerro de Pasco’s strategic positioning and enhanced Board capabilities create potential for future value creation, making it a company worth watching for investors interested in the mining sector.