Mr. Craig Dalziel reports

OROCO ANNOUNCES UPSIZING OF PRIVATE PLACEMENT

Oroco Resource Corp., further to its news release dated Feb. 12, 2025, has received $2,303,555.75 in gross proceeds for its oversubscribed private placement of 9,214,223 units of the company at a price of 25 cents per unit. Each unit comprises one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 40 cents for 24 months following the closing date of the offering. The offering is subject to the approval of the TSX Venture Exchange.

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

The company may pay finders' fees to certain arm's-length finders in connection with the offering. All securities issued pursuant to the offering will be subject to a four-month hold period 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 MRE (mineral resource estimate) and an updated PEA (preliminary economic assessment) being published and filed in August of 2024, which studies are available at the company's website and by reviewing the company profile on SEDAR+.

The Santo Tomas project is located within 170 kilometres 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-kilometre access road originally built to service Goldcorp's El Sauzal mine in Chihuahua state.

We seek Safe Harbor.