Mr. Richard Lock reports

OROCO ENGAGES WHITTLE CONSULTING LTD.

Oroco Resource Corp. has retained Whittle Consulting Ltd., based in Melbourne, Australia, to undertake a strategic option study for Oroco's Santo Tomas porphyry copper project in northwestern Mexico.

Strategic option study overview

Whittle will collaborate with Oroco's team to evaluate innovative operating strategies and technologies that have the potential to enhance the project's value. Utilizing Whittle's integrated strategic planning methodology, the study will employ advanced cost modelling and system constraint analysis to optimize all facets of the Santo Tomas mining process, including an expanded North zone mine plan. Key areas of focus will include:

• Alternative power sources;
• Mining fleet electrification;
• Processing technologies;
• Tailings storage options.

These analyses will refine pit size, stripping ratios and cut-off grades, providing critical guidance for the coming prefeasibility study by identifying optimal operational structures and technologies for further evaluation.

Data and expertise

The study will leverage the existing mineral resource estimate from Oroco's third quarter 2024 preliminary economic assessment and the company's project database, requiring no additional data collection. Whittle's proven record, with over 120 enterprise optimization studies, demonstrates its ability to significantly improve project economics through its proprietary Prober-F software. This advanced tool integrates linear programming with a sophisticated search algorithm, utilizing over 300 computer cores to tackle complex, multivariable mining challenges.

Whittle's team of industry experts brings extensive experience in geology, mining engineering, metallurgy, finance and operational modelling, ensuring a comprehensive and practical approach to optimization.

Payment structure

Whittle will receive 60 per cent of its consulting fee in Oroco common shares to be issued in alignment with the company's next equity financing, expected in 2025. The issuance is subject to TSX Venture Exchange approval.

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 mineral resource estimate and an updated 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 km 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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