Mr. Terence Walker reports

SAN LORENZO GOLD ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT AND AMENDED ADVISORY ENGAGEMENT AGREEMENT

Further to its news releases dated Dec. 11, Dec. 15, Dec. 19 and Dec. 29, 2025, San Lorenzo Gold Corp. has completed the second and final closing of its previously announced private placement of units and issued 5,567,193 units for gross proceeds of $3,451,659.66, bringing the total raised under the upsized private placement to $5,999,999.78. Each unit comprises one common share of the corporation and one-half of a share purchase warrant. Each full warrant entitles the holder to acquire an additional common share at a price of 80 cents for a period of two years from the date of issuance, subject to acceleration (for further details, please see the corporation's news release dated Dec. 11, 2025). In connection with the final closing, the corporation paid cash commissions totalling $179,408.90 and issued 15,862 broker warrants. Each broker warrant entitles the holder to acquire a common share at a price of 80 cents for a period of one year from the date of issuance.

The upsized proceeds of the offering will be used to continue exploration efforts on San Lorenzo's flagship Salvadora property as well as for general working capital purposes, including the expenses of the offering. The common shares, warrants and broker warrants are subject to a four-month-and-one-day hold period, and the offering remains subject to the final acceptance of the TSX Venture Exchange.

The corporation also announces that, further to its news release dated Dec. 11, 2025, it will enter into an amended advisory engagement agreement with Argonaut Corporate Finance Ltd., pursuant to which San Lorenzo has granted one million stock options of the corporation to argonaut pursuant to the corporation's stock option plan. The options are exercisable at a price of 80 cents per share for a period of two years and were issued in place of the advisory warrants previously issuable to Argonaut as part of the compensation payable in connection with the agreement, subject to the final acceptance of the exchange.

About San Lorenzo Gold Corp.

San Lorenzo is focused on advancing its flagship Salvadora property located in Chile's megaporphyry belt with a phase 6 drilling program currently under way on two of five targets identified at Salvadora. Results obtained from prior phases of drilling -- conducted on four different targets so far -- have convinced management that several significant gold- and copper-enriched epithermal and/or porphyry-style systems are contained within the Salvadora property.

We seek Safe Harbor.