Mr. Richard Lock reports

OROCO ANNOUNCES FILING OF TECHNICAL REPORT FOR THE SANTO TOMAS PROJECT

Oroco Resource Corp. has filed a report titled "Santo Tomas Project NI 43-101 Technical Report Mineral Resource Estimate" prepared in accordance with National Instrument 43-101 -- Standards of Disclosure of Mineral Projects. The report is in support of the mineral resource estimate for Oroco's Santo Tomas project in Sinaloa, Mexico, previously reported in the company's news release of May 3, 2023.

This report was prepared as an NI 43-101 technical report on a mineral resource estimate for Oroco Resource by Ausenco Engineering USA South Inc., Ausenco Engineering Canada Inc., SRK Consulting (U.S.) Inc. and SRK Consulting (Canada), on the Santo Tomas project, with an effective date of April 21, 2023. The report is available on SEDAR under the company's issuer profile and on its website.

About Oroco Resource Corp.

The company holds a net 85.5-per-cent interest in the collective 1,172.9-hectare core concessions of the Santo Tomas project in northwestern Mexico. The company also holds an 80-per-cent interest in 7,861.3 hectares of mineral concessions surrounding and adjacent to the core concessions (for a total project area of 22,323.8 acres). The project is situated within the Santo Tomas district, which extends from Santo Tomas up to the Jinchuan Group's Bahuerachi project, approximately 14 kilometres to the northeast. Santo Tomas hosts significant copper porphyry mineralization defined by prior exploration spanning the period from 1968 to 1994. During that time, the property was tested by over 100 diamond and reverse circulation drill holes, totalling approximately 30,000 metres. The company has completed its 2021 to 2023 drill program (phase 1) at Santo Tomas, with a total of 48,481 metres drilled in 76 diamond drill holes.

The Santo Tomas project is located within 160 km of the Pacific deep-water 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 by a 32 km access road, part of which was originally built to service Goldcorp's El Sauzal mine in Chihuahua state.

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