Mr. Alex Gostevskikh reports

SENDERO RESOURCES ANNOUNCES CLOSING OF $2 MILLION INSTITUTIONAL EQUITY PRIVATE PLACEMENT

Sendero Resources Corp. has closed a private placement by a single significant natural resource institutional investor. The offering has been non-brokered and results in the sale of 1,739,131 common shares of the company at $1.15 per share, for total consideration of approximately $2-million, which represents a premium to the company's previous financing. Aggregate proceeds from both financings are $6.06-million and will be used for the company's drilling and broader exploration efforts at its Penas Negras property and working capital purposes.

The purchaser will hold, after giving effect to the offering, approximately 6.7 per cent of the issued and outstanding common shares of Sendero on a non-diluted basis.

"This institutional-grade investment underscores the opportunity of Penas Negras, strengthening our balance sheet and corporate profile. Alongside our foundational investing group led by Peter Marrone, founder, chairman and CEO of Yamana Gold and Allied Gold, Pat DiCapo, founder and CEO of PowerOne Capital Markets, and Eduardo Elsztain, a prominent Argentine industrialist and investor, the company continues to see participation from recognized investors," said Alex Gostevskikh, chief executive officer of Sendero Resources.

The shares issued to the purchaser pursuant to the offering are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. No finders' fees or commissions will be paid in connection with the offering.

The proceeds of the offering will be used for exploration on the company's properties in Argentina and for general working capital purposes. Further details on the drilling and broader exploration efforts at Penas Negras are expected to be provided soon.

About Sendero Resources Corp.

The company is focused on copper-gold exploration at its 100-per-cent-owned Penas Negras project in the Vicuna belt in Argentina. The Penas Negras project has similar geological characteristics to other deposits in the Vicuna belt, and multiple porphyry and high-sulphidation epithermal targets have been identified on the project. The centre of the Penas Negras concession area is situated approximately 18 kilometres southeast of Caserones mine operated by Lundin Mining, approximately 24 km northeast of NGEx Minerals' Lunahuasi project, and about 32 km north-northeast of BHP-Lundin Mining's Filo del Sol advanced exploration and development stage project. The company also has an option to earn a 100-per-cent interest on eight additional granted mining concessions covering 91.7 square kilometres. The total project area comprises 211.77 square kilometres.

Qualified person

Steven McMullan, PGeo, supervised the preparation of and reviewed and approved the scientific and technical information pertaining to Penas Negras project contained in this news release. Mr. McMullan is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

We seek Safe Harbor.