Mr. Alex Bugden reports

SORRENTO RESOURCES ANNOUNCES LISTED ISSUER FINANCING EXEMPTION (LIFE) NON-BROKERED PRIVATE PLACEMENT

Sorrento Resources Ltd. has arranged a non-brokered private placement of up to eight million units of the company at a price of 25 cents per unit for gross proceeds of up to $2-million.

Each unit comprises one common share of the company and one common share purchase warrant of the company. Each warrant will be exercisable to acquire one common share of the company at an exercise price of 35 cents per share for a period of 24 months from the date of closing.

The offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions to the Listed Issuer Financing Exemption, to purchasers resident in each of the provinces of Canada, except Quebec. The units issued pursuant to the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There will be an offering document related to the offering that will be available under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

Pursuant to the offering, the company may: (i) pay a finder's fee equal to up to 6 per cent of the aggregate gross proceeds of the offering; and (ii) issue non-transferrable warrants of the company equal to 6 per cent of the number of units sold under the offering exercisable at any time prior to the date that is 24 months from the date of closing to acquire shares, at an exercise price of 35 cents.

The company plans to use the net proceeds of the offering for exploration expenditures, marketing and promotion, and general working capital purposes. The offering is scheduled to close on or about Feb. 27, 2026, and completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

About Sorrento Resources Ltd.

Sorrento is engaged in acquisition, exploration and development of mineral property assets in Canada. Sorrento's objective is to locate and develop economic precious and rare earth element, gold and base metal properties of merit, including the Bottom Brook project, the Rodgers Cove gold project and the Harmsworth (volcanogenic massive sulphide) project, all located in Newfoundland.

We seek Safe Harbor.