Mr. Craig Dalziel reports

OROCO ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING LED BY CANACCORD GENUITY

As a result of strong investor demand, Oroco Resource Corp. has amended its agreement with Canaccord Genuity Corp. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, to increase the size of its previously announced bought deal public offering to aggregate gross proceeds of approximately $20.0-million. The offering (as defined herein) shall consist of 52,631,600 units of the company at a price of 38 cents per unit.

Each unit will be composed of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 53 cents for a period of 36 months from the closing date of the offering.

The company has granted the underwriters an overallotment option to purchase up to an additional 7,894,740 (15 per cent) of the units sold pursuant to the offering, on the same terms and conditions, exercisable in whole or in part for a period of 30 days following the closing of the offering. If exercised in full, the overallotment offering will result in additional gross proceeds of up to approximately $3.0-million, for total gross proceeds of up to approximately $23.0-million.

The offering will be completed by way of a prospectus supplement to the company's short form base shelf prospectus dated April 23, 2025, filed in all provinces of Canada, other than Quebec. The units may also be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended, and to accredited investors pursuant to Rule 506(b) of Regulation D under the 1933 act and in certain offshore jurisdictions, in each case in accordance with applicable securities laws.

The company intends to use the net proceeds from the offering to finance commencement of prefeasibility study drilling at the Santo Tomas copper project, to advance baseline environmental and permitting work, and for general corporate working capital.

Closing of the offering is expected to occur on or about Jan. 14, 2026, or such other date as agreed between the company and Canaccord Genuity, and is subject to customary closing conditions, including receipt of all required regulatory approvals, including 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, 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 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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