Mr. Richard Lock reports

OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT

Oroco Resource Corp. has closed a non-brokered private placement, raising gross proceeds of $2,303,555.75 through the sale of 9,214,223 units at a price of 25 cents per unit. Each unit consists of one share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one share at the price of 40 cents per share for a period of 24 months from closing.

ATM Mining Corp., a company controlled by Craig Dalziel, executive chairman of the company, Stephen Leahy, director, and Kelly Vanry, wife of Steve Vanry, chief financial officer and director of the company, participated in the offering and purchased an aggregate of 3.85 million units. The participation of the insiders in the private placement is exempt from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101, as the fair market value of their respective participation is less than 25 per cent of the market capitalization of the company.

The company will pay $900 and issue 3,600 share purchase warrants as finders' fees in connection with the private placement. Each finder's warrant entitles the holder to purchase one common share at the price of 25 cents for a period of 24 months.

The company will use the proceeds of the private placement 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 shares and any shares issued pursuant to the exercise of the warrants are subject to a hold period expiring June 29, 2025. The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by 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.

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