Mr. Kenneth MacLeod reports

SONORO GOLD ANNOUNCES FULLY-COMMITTED $11 MILLION PRIVATE PLACEMENT & 50,000 METER DRILLING PROGRAM

Sonoro Gold Corp. has arranged a fully committed non-brokered private placement offering consisting of 45,833,333 units at a price of 24 cents per unit, for gross proceeds of $11-million.

Each unit will be composed of one Sonoro common share and one common share purchase warrant. Each warrant will entitle 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 32 cents per share.

Proceeds of the offering will be used to complete a two phase 50,000-metre drilling program at the company's flagship Cerro Caliche gold project in Sonora, Mexico.

Sonoro president and chief executive officer Kenneth MacLeod commented: "This financing will not only strengthen our balance sheet but will also fund the potential expansion of the Cerro Caliche epithermal vein structure into the recently acquired north and south extensions. Our primary objective remains advancing Cerro Caliche into production, and we are excited to start growing the project's known mineralized system with a targeted drilling campaign."

The offering is expected to close on or about April 30, 2026, and no finders' fees will be paid in connection with the offering.

All securities issued and issuable in connection with the offering will be subject to a four-month-plus-one-day hold period in Canada from the closing date. The offering is subject to TSX Venture Exchange acceptance.

Insiders of the company will participate in the offering by subscribing for 15,833,333 units for gross proceeds of $3.8-million, 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.

Drilling program

The drilling campaign will focus on infill drilling at the western mineralized zones where the company plans to commence operations, and prior drilling demonstrated multiple high-grade ore shoots within larger intervals of high-grade gold mineralization. Expansion drilling is also planned in the northern mineralized zones where the newly acquired extension may host a structural continuity of the project's northwest trending mineralized corridors.

The 50,000-metre reverse circulation drilling campaign will proceed alongside the proposed development of an open-pit, heap leach mining operation currently in the permitting phase for an initial 10-year production at a projected capacity of up to 16,000 tonnes per day.

Qualified person statement

Stephen Kenwood, PGeo, a director of Sonoro, is a qualified person within the context of National Instrument 43-101 and has read and approved this news release.

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.