Mr. Brayden Sutton reports

SORRENTO RESOURCES COMPLETES ACQUISITION OF THE COPPER-GOLD LORD BARON PROJECT, NEWFOUNDLAND

Further to the press release dated June 12, 2024, Sorrento Resources Ltd. has completed the acquisition of a 100-per-cent undivided interest in the mineral licences collectively representing the Lord Baron project, located in the province of Newfoundland and Labrador.

The transaction was completed pursuant to three separate purchase agreements for aggregate consideration of $47,500 in cash and the issuance of an aggregate of 4.3 million common shares of the company, as well as the grant of 2-per-cent net smelter return royalties to the underlying vendors of the various mineral licences representing the project. All of the common shares issuable pursuant to the transaction are subject to a statutory hold period expiring on Nov. 11, 2024.

No finders' fees are payable in connection with the transaction.

The project consists of 13 individual mineral licences made up of 226 individual claims for an area of 5,650 hectares.

Management commentary

Alex Bugden, PGeo, director and qualified person of Sorrento, commented: "This is a transformational acquisition for Sorrento Resources. Since the start of 2024, we worked diligently to consolidate the Lord Baron project. To see it completed is an exciting milestone for the company. With this acquisition, Sorrento Resources, Firefly Metals and Vulcan Minerals are now the dominant players in control of the historic mining district which is the Springdale peninsula."

About Sorrento Resources Ltd.

Sorrento is engaged in the acquisition, exploration and development of mineral property assets in Canada. The company's objective is to locate and develop economic precious and base metal properties of merit, including the Wing Pond, Tom Joe and Lord Baron project, the PEG lithium project, and the Harmsworth (volcanogenic massive sulphide) project, all located in Newfoundland.

We seek Safe Harbor.