Mr. Alex Bugden reports

SORRENTO RESOURCES ACQUIRES ADDITIONAL RODGERS COVE CLAIMS, NEWFOUNDLAND

Sorrento Resources Ltd. has entered into a mineral property purchase agreement dated Aug. 26, 2025, whereby the company may acquire a 100-per-cent undivided interest in the seven minerals licences, adding to its newly acquired Rodgers Cove project (see news releases dated June 4, 2025, and June 24, 2025), located in the province of Newfoundland and Labrador.

Pursuant to the agreement, the company has agreed to acquire the additional claims in consideration of: (i) the payment $5,000 in cash; (ii) the issuance of 150,000 common shares of the company; and (iii) the grant of a 2-per-cent net smelter return (NSR) royalty on the additional claims, of which the company may purchase a 1.5-per-cent royalty for a total of $1-million.

The vendor of the licences forming the additional claims deal with the company at arm's length. Closing of the transaction remains subject to, without limitation, receiving all necessary consents and approvals, as well as the satisfaction of customary closing conditions. No finders' fees are payable in connection with the transaction. All securities issued pursuant to the transaction will be subject to a statutory hold period of four months and one day from issuance.

The additional claims consists of seven individual mineral licenses made up of 52 individual claims for an area of approximately 1,300 hectares. The combined project now consists of 11 individual mineral licences made up of 151 individual claims for an area of approximately 3,775 hectares.

Geology of the Rodgers Cove gold project

Rodgers Cove is situated on the eastern edge of the Dunnage zone within the Exploits subzone, an area that forms the central Newfoundland gold belt (CNGB). The property straddles both the JBP fault and the Appleton fault, which are associated with hydrothermal epigenetic gold veining at high-grade discoveries in the Exploits subzone. In line with these discoveries is the presence of altered granodiorite-hosted mineralization linked to quartz veining and abundant arsenopyrite.

The central part of the property is intruded by an exposed granitoid. This altered granite area is about 0.5 kilometre north of significant Au-Ag (gold-silver) mineralization recently discovered in high-grade grab samples along a northeastern trend. The unit features a high degree of disseminated sulphide-mineralized quartz veining, coinciding with the strongest gold anomaly.

To the north, the property surrounds multiple historical showings that follow a granitoid intrusive contact into the Rodge's Cove claims and target No. 2. A common feature throughout these showings is granodiorite-hosted massive and semi-massive pyrite-arsenopyrite-rich quartz vein style gold mineralization. The intensity of altered rock was found to have a positive correlation with arsenopyrite levels and gold values.

About the Rodgers Cove project

The Rodgers Cove project is located in Gander Bay in Newfoundland and Labrador, near the town of Rodgers Cove and less than 50 kilometres north of Gander, a town with a skilled work force and an international airport. The property is located in a strategic position, as it is on tidewater and is accessible via forest access roads. There is also a nearby transmission line.

Limited exploration has been undertaken on the property. It has never seen a diamond drill and very limited geophysical methods have been completed. The most recent exploration, a limited trenching program, yielded very encouraging results (115.6 grams per tonne (g/t) gold (Au) over one metre), which were never followed up on.

Qualified person

Alex Bugden, PGeo, a qualified person in accordance with National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Sorrento Resources Ltd.

Sorrento Resources is engaged in acquisition, exploration and development of mineral property assets in Canada. The company's objective is to locate and develop economic precious and base metal properties of merit, including the Rodgers Cove, Wing Pond, Lord Baron projects, the PEG lithium project, and the Harmsworth (VMS (volcanic massive sulphide)) project, all located in Newfoundland.

We seek Safe Harbor.