Mr. Craig Dalziel reports

OROCO RESOURCE CORP. APPOINTS NEW CEO

Oroco Resource Corp. has appointed Charles Cryer as chief executive officer and as a director of the company, effective June 16, 2026.

Mr. Cryer brings more than 30 years of global capital market experience encompassing both natural resource and emerging market investment banking, together with earlier experience as an exploration and field engineer. He provides Oroco with both the financial expertise and technical depth to lead the company as it advances its flagship Santo Tomas copper project.

"Several members of the Oroco management team know Charlie and hold him in high regard. We are genuinely excited to welcome him to the company," said Craig Dalziel, executive chairman of Oroco. "Charlie's engineering background and his exceptional track record advising and raising capital for natural resource companies internationally make him ideally suited to lead Oroco at this pivotal stage of the Santo Tomas project."

Mr. Cryer most recently worked as an independent consultant on the strategic development of mineral deposits for an east Asian client. Prior to that, he spent over nine years with RFC Ambrian, a leading Australian advisory firm, serving as its head of London for six years. He previously held the positions of executive director and co-head of global emerging market sales at Nomura International, and was a director of EEMEA equity sales at Bank of America Merrill Lynch. His capital market career began after he worked as a field engineer on North Sea oil rigs for Schlumberger and as a geophysical exploration engineer for Western Mining Corp. in Western Australia. Mr. Cryer holds a bachelor of engineering degree (mining engineering) from the University of Leeds and a postgraduate master's diploma in environmental pollution science, legislation and management from Brunel University.

Mr. Cryer commented: "Santo Tomas is a genuinely rare asset with scale, infrastructure and a clear development pathway in one of the world's premier copper belts. I look forward to working with the Oroco team to deliver value for all of the project's stakeholders."

In connection with Mr. Cryer's appointment and subject to TSX Venture Exchange acceptance, the company has granted to him an option, exercisable for three years, to purchase up to 900,000 common shares of the company at an exercise price of 65 cents per share. The option vests in five equal instalments of 180,000 shares commencing on June 16, 2026, with additional instalments vesting every three months thereafter until fully vested.

About Oroco Resource Corp.

Oroco, founded in 2006, is a Canadian mineral exploration company focused on the Santo Tomas copper project in northwestern Mexico.

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