Mr. Kenneth MacLeod reports

SONORO GOLD ANNOUNCES CLOSING OF FIRST TRANCHE OF $1 MILLION NON-BROKERED PRIVATE PLACEMENT

Sonoro Gold Corp. has closed the first tranche of its previously announced $1-million non-brokered private placement by issuing 11,028,429 units at a price of five cents per unit, for gross proceeds of $551,421.

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 three years from the closing of the private placement at an exercise price of seven cents per share.

The net proceeds from the offering will be used to finance the continuing development of the company's Cerro Caliche gold project in Sonora, Mexico.

All securities issued and issuable in connection with the first tranche are subject to a four-month-plus-one-day hold period ending June 17, 2024. The offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final acceptance from the TSX Venture Exchange.

In connection with the first tranche, the company paid $3,500 in finders' fees and issued 70,000 in non-transferable finders' warrants.

Directors and officers of the company participated in the offering by subscribing for 4,281,763 units for gross proceeds of $214,088, 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). 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 per cent of the company's market capitalization.

About Sonoro Gold Corp.

Sonoro Gold is a publicly listed exploration and development company holding the 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 records for the discovery and development of natural resource deposits.

We seek Safe Harbor.