DLP Resources Announces Name Change and Vertical Amalgamation with Its Subsidiary

Cranbrook, British Columbia--(Newsfile Corp. - January 21, 2021) -  DLP Resources (2020) Limited (TSXV: DLP) (the "Company") is pleased to announce it is changing the name of the Company (the "Name Change") to "DLP Resources Inc.". The Name Change will become effective at the opening of market trading on January 26, 2021. The symbol "DLP" remains unchanged and the CUSIP number is 23291X107. The Name Change is a necessary prerequisite to the completion of a vertical amalgamation with the Company's wholly-owned subsidiary, which is expected to be completed on or about January 26, 2021. The amalgamation will streamline the Company's mining exploration activities under a single corporate entity and reduce corporate and operational expenses.

About DLP Resources Inc.

DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia, exploring for Base Metals and Cobalt. Please refer to our web site www.dlpresourcesinc.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT:

DLP Resources Inc.
Ian Gendall, President
Jim Stypula, Chief Executive Officer
Robin Sudo, Chief Financial Officer and Corporate Secretary
Telephone: 250-426-7808
Email:iangendall@dlpresourcesinc.com
Email:jimstypula@dlpresourcesinc.com
Email:robinsudo@dlpresourcesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

NOT FOR DISSEMINATION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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