Mr. Alex Bugden reports

SORRENTO RESOURCES ANNOUNCES MOBILIZATION OF DRILL CREWS AND DIAMOND DRILL AT THE BOTTOM BROOK PROJECT

Drill crews and a diamond drill rig have been successfully mobilized to Sorrento Resources Ltd.'s Bottom Brook project.

This program represents Sorrento Resources' inaugural drill campaign and marks a significant milestone in the company's growth. The initial phase of drilling will consist of nine diamond drill holes totalling approximately 1,300 metres. Drilling will focus on the U3 prospect, a target area with historical drilling and known rare-earth element (REE) mineralization.

The drill program has been designed to expand known mineralization along strike as well as up dip and down dip from historic intercepts. Two drill holes are planned to twin historical holes LP-07-09 (5.03 metres grading 4.37 per cent TREO (total rare-earth oxide), including 1.05 metres of 11.02 per cent TREO) and LP-08-17 (15.3 metres grading 1.16 per cent TREO and 7.5 metres of 1.27 per cent TREO). Drill core from these twin holes will be utilized for metallurgical testwork, an important step in evaluating the project's development potential.

Drilling will be conducted on a 24-hour basis, with completion of the first drill hole anticipated during the first week of February.

Management commentary

"Mobilizing our first-ever drill program is a major milestone for Sorrento and an exciting moment for our shareholders," said Alex Bugden, chief executive officer of Sorrento Resources. "The Bottom Brook project hosts compelling historical REE results, and this program is designed to build on that work by expanding mineralization and generating fresh data, including material for metallurgical testing. We believe this drill campaign has the potential to significantly advance the project and further establish Sorrento as a serious participant in the Atlantic Canada critical minerals space."

Technical services agreement

The company further announces that it has entered into technical services agreement dated Jan. 20, 2026, with Bugden Exploration Inc. pursuant to which Bugden will provide geological consulting services to the company until Dec. 31, 2026, at a daily rate, ranging from $375 to $650 per day. Alex Bugden, chief executive officer and a director of the company, is a significant shareholder and an officer and director of Bugden. Neal Blackmore, a director of the company, is additionally a significant shareholder of Bugden. The transaction constitutes a significant transaction, in accordance with the policies of the Canadian Securities Exchange, as it is a series of transactions with related persons with an aggregate value potentially greater than $100,000.

About the Bottom Brook project

The Bottom Brook project is made up of 16 mineral licences which have a combined 606 individual claims for a total area of 15,150 hectares. It is located approximately 40 kilometres south of the city of Corner Brook, which has a deepwater port, skilled work force and many service providers. The property is accessible via a network of secondary roads immediately adjacent to the Trans-Canada Highway. There is a transmission line which also runs through the western portion of the property

Historically drilled high-grade total rare-earth oxide intercepts include:

• 4.37 per cent over five m;
• 4.47 per cent over 5.6 m;
• 8.19 per cent over 2.00 m;
• 15 per cent over 0.5 m;
• 11.02 per cent over 1.05 m;
• 1.269 per cent over 7.5 m.

The REE mineralization in Bottom Brook is characterized by monazite-enriched horizons. The distribution of rare-earth oxides in a high-grade core sample from Bottom Brook is almost identical to the giant carbonatite Bayan Obo deposit -- a major REE reserve estimated at more than 57.4 million metric tons grading at 6 per cent and accounts for nearly half of global REE production. The Bottom Brook REE mineralization has also been compared with the Steenkampskraal monazite deposit in South Africa by Dr. Derek Wilton in 2024. Which is one of the highest-grade REE deposit globally with a current mineral resource estimate of 665,000 tonnes at an average grade of 14.5 per cent TREO.

The historical drill intercepts were compiled from publicly available assessment data files. The company has not independently verified this data and it is not known if the data complies with current National Instrument 43-101 standards. However, the company believes the results are reliable and provide a strong indication of the exploration potential of the property.

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 press release.

About Sorrento Resources Ltd.

Sorrento is engaged in acquisition, exploration and development of mineral property assets in Canada. Sorrento's objective is to locate and develop economic precious and rare-earth element, gold and base metal properties of merit including the Bottom Brook project, Rodgers Cove gold and Harmsworth (VMS) project all lo,cated in Newfoundland.

We seek Safe Harbor.