Mr. Kenneth MacLeod reports

SONORO GOLD ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Sonoro Gold Corp. has closed the second tranche of its previously announced $3-million non-brokered private placement by issuing 3,007,920 units at a price of 10 cents per unit for gross proceeds of $300,792.

Pursuant to the Private Placement, the Company has issued 20,007,920 units at a price of C$0.10 per unit, in two tranches for aggregate gross proceeds of C$2,000,792, subject to approval of the TSX Venture Exchange (the "TSXV").

Each Unit consists of one Sonoro common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional Sonoro common share for a period of two years from the closing of the private placement at an exercise price of C$0.15 per share.

The net proceeds from the Offering will be used to fund the ongoing development of a proposed heap leach mining operation at the Company's Cerro Caliche gold project in Sonora, Mexico.

All securities issued and issuable in connection with the second tranche are subject to a 4-month plus one day hold period ending December 2, 2023. The Offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final acceptance from the TSX Venture Exchange.

Directors and Officers of the Company participated in the Offering by subscribing for 983,000 Units for gross proceeds of C$98,300, constituting a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101, as the fair market value of the transaction did not exceed 25% of the Company's market capitalization.

About Sonoro Gold Corp.

Sonoro Gold Corp. is a publicly listed exploration and development company holding the near development stage Cerro Caliche project and the exploration stage San Marcial properties in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.

We seek Safe Harbor.