Mr. Kenneth MacLeod reports

SONORO FILES PRELIMINARY ECONOMIC ASSESSMENT

Sonoro Gold Corp. has filed a technical report titled "NI 43-101 Technical Report for the Preliminary Economic Assessment on the Cerro Caliche Project, Sonora, Mexico," with an effective date of Aug. 28, 2023.

The PEA has been prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101") by D.E.N.M. Engineering Ltd. of Burlington, Ontario ("D.E.N.M.") and Micon International Limited of Toronto, Ontario ("Micon") with confirmation of the applicable resource estimates prepared by SRK Consulting (U.S.) Inc. of Denver, Colorado ("SRK").

The PEA demonstrates the potential viability for a nine-year life of mine ("LOM"), open pit, heap leach mining operation with an initial two-year production rate of 4,000 metric tonnes per day ("mtpd") and an increase to 12,000 mtpd for the remaining LOM.

The PEA can be found under the Company's profile at www.sedarplus.ca and on Sonoro's website at www.sonorogold.com.

PEA Highlights:

• Pre-Tax net present value discounted at 5% ("NPV5") of USD $71.4 million
• Pre-Tax Internal Rate of Return ("IRR") of 59%
• After-Tax NPV5 of USD $47.7 million with an IRR of 45%
• Gold recovery of 72% and silver recovery of 27%
• 9-year LOM with 297,575 ounces ("oz") of gold equivalent ("AuEq")
• LOM annual average production of 33,000 oz AuEq at 0.45 g/t AuEq
• Initial CAPEX costs of USD $15.5 million, including USD $1.83 million in contingency
• Sustaining capital costs of USD $15.5 million
• Cash(1) operating costs of USD $1,295/oz AuEq
• AISC(2) of USD $1,395/oz AuEq
• Payback period of 2.9 years

Note: All currencies are reported in U.S. dollars. Base case parameters assume $1,800/oz gold and $23/oz silver.

(1) Cash operating costs include mining, crushing, processing, assaying and administration.

(2) All-in-Sustaining Costs include cash costs plus sustaining, refining and reclamation costs, as well as 2% royalty buyout.

Mineral Resource Estimate

The PEA utilizes the updated Mineral Resource Estimate (MRE) contained in the technical report prepared by SRK and titled "NI 43-101 Technical Report: Mineral Resource Estimate, Cerro Caliche Project, Sonora, Mexico" with an effective date of January 26, 2023 and report date of March 24, 2023. The updated MRE is based on a total 55,360 meters of drilled data, including 498 drill holes, 17 trenches and assays for 53,865 meters of the drilled data.

PEA Summary

The PEA is preliminary in nature and includes inferred resources that are considered too speculative to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty the estimates presented in the PEA will be realized.

Qualified Person Statement

David Salari, P.Eng. of D.E.N.M. Engineering Ltd., Christopher Jacobs, CEng, MIMMM, Kerrine Azougarh, P.Eng. and William Lewis, P.Geo. of Micon International Limited, and Doug Reid, P. Eng. of SRK Consulting (U.S.) Inc. are independent of the Company and are Qualified Persons as defined in NI 43-101.

Sonoro Director, Stephen Kenwood, P.Geo., is a Qualified Person within the context of NI 43-101 and has read and approved this news release.

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 project 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.