Mr. Javier Cordova reports

SOMA GOLD PRODUCES 3,031 OUNCES IN JULY - A 47% INCREASE FROM THE PRIOR YEAR

Soma Gold Corp. produced 3,031 gold equivalent ounces in July, which represents a significant 47-per-cent increase compared with the 2,061 gold equivalent ounces produced in July, 2022. As of July 31, 2023, the company has produced 18,723 gold equivalent ounces year to date and continues to be in line with its planned production target of 18,562 gold equivalent ounces for the same period.

Javier Cordova, Soma's president and chief executive officer, stated: "Although the team in Colombia faced a development phase with grades slightly below the projected yearly average, they continued to deliver on our operational goals. We anticipate an improvement in the average grade over the remainder of the year and are confident in our ability to continue to meet our aggressive production forecast."

About Soma Gold Corp.

Soma Gold is a mining company focused on gold production and exploration. The company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tonnes per day (permitted for 1,400 tonnes per day). The El Bagre mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program.

The company also owns an exploration property near Tucuma, Para state, Brazil, that is currently under option to Ero Copper Corp.

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