Mr. Terence Walker reports

SAN LORENZO GOLD ANNOUNCES CLOSING OF $20 MILLION PRIVATE PLACEMENTS

Further to the news releases dated Feb. 19 and Feb. 23, 2026, San Lorenzo Gold Corp. has completed its previously announced private placements for aggregate gross proceeds of $19,999,997.41.

The private placements consisted of: (i) 5,976,095 units at a price of $2.51 per unit for gross proceeds of $14,999,998.45; and (ii) 1,893,939 units at a price of $2.64 per unit, for additional gross proceeds of $4,999,998.96.

Each unit is composed of 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 $3.50 for a period of one year from the date of issuance.

In connection with the initial offering, the corporation will pay cash compensation totalling $709,199.87 and has issued 282,549 broker warrants. Each initial offering broker warrant entitles the holder to acquire a common share at a price of $2.51 for a period of one year from the date of issuance. In connection with the additional offering, the corporation will pay cash compensation totalling $236,399.96 and has issued 89,545 broker warrants. Each additional offering broker warrant entitles the holder to acquire a common share at a price of $2.64 for a period of one year from the date of issuance.

The proceeds 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 offerings. The common shares, warrants and broker warrants are subject to a four-month-and-one-day hold period, and the offerings remain subject to the final acceptance of the TSX Venture 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.