Mr. Craig Dalziel reports

OROCO CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Oroco Resource Corp. has closed the second tranche of its non-brokered private placement, issuing an additional 2.5 million units at a price of 20 U.S. cents per unit, for gross proceeds of $500,000.00 (U.S.). Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one share of the company for 30 U.S. cents for a period of 24 months from closing. Together with the first tranche, the company has issued an aggregate of 10,154,995 units for gross proceeds of $2,030,999 (U.S.).

commenting on the private placement, Oroco chairman Craig Dalziel stated: "It is important for Oroco supporters to understand that this financing is only the first step in an overall funding initiative intended to support the commencement of the phase 2 drill program at Santo Tomas in early 2026. This funding stage was intentionally limited to a handful of local Mexican investors who the company sees as integral to the project's advancement. We sincerely appreciate the local interest that their investment represents."

The proceeds will be used to advance the Santo Tomas project toward its planned prefeasibility study and for general corporate purposes. The closing is carried out pursuant to prospectus exemptions of applicable securities law and is subject to final acceptance by the TSX Venture Exchange. The shares, and any shares issued on the exercise of warrants, are subject to a hold period expiring on March 14, 2026.

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 km 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 and an updated PEA 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 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-kilometre access road originally built to service Goldcorp's El Sauzal mine in Chihuahua state.

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