Mr. Richard Lock reports

OROCO ANNOUNCES PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$1.5 MILLION

Oroco Resource Corp. has arranged a non-brokered private placement of up to five million units of the company at a price of 30 cents per unit for gross proceeds of up to $1.5-million. Red Cloud Securities Inc. will be acting as a finder in connection with the offering.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of 45 cents at any time on or before that date which is 24 months after the issue date of the unit.

The company intends to use the proceeds from the offering for the advancement of the Santo Tomas project, located in northwestern Mexico, as well as working capital and other general corporate purposes.

The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the TSX Venture Exchange. Finders' fees will be payable, in accordance with the policies of the TSX-V. The securities issued under the offering will be subject to a hold period ending on the date that is four months plus one day following the date of issue, in accordance with applicable securities laws.

About Oroco Resource Corp.

The company holds a net 85.5-per-cent interest in those central concessions that comprise 1,173 hectares of the Santo Tomas project, located in northwestern Mexico. The company also holds an 80-per-cent interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the core concessions (for a total project area of 9,034 hectares, or 22,324 acres). The project is situated within the Santo Tomas district, which extends up to the Jinchuan Group's Bahuerachi project, approximately 14 kilometres to the northeast. The project hosts significant copper porphyry mineralization, initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the project area was tested by over 100 diamond and reverse circulation drill holes, totalling approximately 30,000 metres. Commencing in 2021, Oroco conducted a drill program (phase 1) at Santo Tomas, with a resulting total of 48,481 metres drilled in 76 diamond drill holes.

The drilling and subsequent resource estimates and engineering studies led to a revised mineral resource estimate and an updated preliminary economic assessment being published and filed in August, 2024, which studies are available at the company's website and by reviewing the company's profile on SEDAR+.

The Santo Tomas project is located within 170 km of the Pacific deepwater port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km access road originally built to service Goldcorp's El Sauzal mine in Chihuahua state.

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