Mr. Craig Dalziel reports

OROCO FILES PROSPECTUS SUPPLEMENT IN CONNECTION WITH BOUGHT DEAL PUBLIC OFFERING

In connection with a previously announced bought deal public offering, Oroco Resource Corp. has filed a prospectus supplement dated Jan. 9, 2026, to the company's base shelf prospectus dated April 23, 2025, to qualify the distribution of 52,631,600 units of the company at a price of 38 cents per unit for approximate gross proceeds of $20.0-million.

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 offering is being conducted through a syndicate of underwriters led by Canaccord Genuity Corp. The company has granted the underwriters an option to purchase up to an additional 7,894,740 units on the same terms and exercisable at any time up to 30 days following the closing of the offering, the particulars of which are further described in the prospectus supplement.

Closing of the offering is expected on or about Jan. 14, 2026, and is subject to regulatory approval, including that of the TSX Venture Exchange.

Access to the prospectus supplement, the base shelf and any amendment is provided in Canada in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The prospectus is accessible on SEDAR+. An electronic or paper copy of the prospectus supplement, the base shelf and any amendment may be obtained, without charge, from Canaccord Genuity by e-mail at ecm@cgf.com by providing the contact with an e-mail address or address, as applicable. The prospectus contains important detailed information about the company and the offering. Prospective investors should read the prospectus and the other documents the company has filed on SEDAR+ before making an investment decision.

About Oroco Resource Corp.

The company holds a net 87.0-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). Following an assessment of one of the non-core concessions, the company filed an application to reduce the area of that concession, with the result that the additional concessions will total 4,948.24 hectares, for a total project area of 6,121.11 hectares or 15,124.47 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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