Mr. Craig Dalziel reports

OROCO PRIVATE PLACEMENT OVERSUBSCRIBED

Oroco Resource Corp.'s non-brokered private placement financing announced by the company on Feb. 5, 2025, is now oversubscribed due to strong investor demand. As a result, the company is no longer accepting new subscriptions and now intends to close the offering, subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

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.

We seek Safe Harbor.