Mr. Craig Dalziel reports

ADVANCING THE SANTO TOMAS PROJECT

This week, in Mexico City, Craig Dalziel, Oroco Resource Corp.'s chairman, and other members of Oroco's senior management team met with Dr. Luis Rosendo Gutierrez Romano, undersecretary of the Mexican economy, and other senior federal and state government officials to discuss the continued advancement of the Santo Tomas copper project in Choix, Sinaloa.

The Mexican government officials recognized the project's potential for responsible development, investment and long-term economic growth and confirmed the potential contribution of the Santo Tomas project to the future of its regional economy.

"These meetings, of both an executive and technical nature, have exceeded all our expectations regarding the support of the Mexican federal government for the advancement of the Santo Tomas project. Initiated by congressional deputy Mario Zamora, these meetings have led to the establishment of a clear dialogue with Mexico's senior economic and mine development decision makers. We could not be more pleased with the result of these meetings," stated Mr. Dalziel.

About Oroco Resource Corp.

The company holds a net 85.5-per-cent interest in those central concessions that comprise 1,173 hectares (the core concessions) 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, 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 kilometres of the Pacific deepwater port at Topolobampo and is serviced by 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.

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