Mr. Alex Bugden reports

SORRENTO RESOURCES ANNOUNCES VISIBLE GOLD INTERSECTED IN THE FIRST DRILL HOLE AT THE RODGERS COVE GOLD PROJECT

Visible gold has been intersected in the first drill hole completed at Sorrento Resources Ltd.'s Rodgers Cove gold project.

Visible gold was observed in drill hole RC26-001, the first hole ever completed on the Rodgers Cove property. The gold occurs as fine-grained to medium-grained particles hosted within quartz diorite. It was intersected at a downhole depth of 66.77 metres (m). The drill hole also intersected abundant sulphide mineralization (approximately 1 to 10 per cent), including arsenopyrite, pyrite, boulangerite, chalcopyrite and pyrrhotite.

Drilling is progressing as planned, with the second drill hole expected to be completed by Thursday morning.

The presence of visible gold in drill core is considered encouraging; however, it should not be considered a definitive indicator of gold grade or continuity of mineralization. Visible gold observations are qualitative in nature, and may not be representative of overall gold distribution within the drill hole or across the property. Analytical assay results are required to determine the actual gold content of the sampled intervals.

Management commentary

"Intersecting visible gold in the first drill hole at Rodgers Cove represents a significant milestone for Sorrento," said Alex Bugden, president and chief executive officer of Sorrento Resources. "These early observations reinforce our belief that Rodgers Cove has the potential to host a meaningful gold system. We are eager to build on this initial success as drilling continues and we work toward defining the extent of mineralization across the property."

About the Rodgers Cove project

The Rodgers Cove project is located in Gander Bay, Nfld., near the town of Rodgers Cove and less than 50 kilometres (km) 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.

It has 12 mineral licences totalling 6,500 hectares (260 claims) in the Central Newfoundland gold belt (CNGB), an area known for hosting multiple gold discoveries along major deformation zones. Located within the Exploits subzone, along the Appleton and JBP faults, key structural corridors associated with major gold systems.

Correction to private placement closing

Further to the company's news release dated March 2, 2026, whereby the company announced the closing of a non-brokered private placement of 7.5 million units of the company at a price of 25 cents per unit for gross proceeds of $1,875,000, the company wishes to correct the amount of finders' fees paid pursuant to the offering.

Pursuant to the offering, the company has paid finders' fees totalling $45,000 and issued 180,000 non-transferable broker warrants. Each broker warrant is exercisable to acquire one common share of the company at an exercise price of 35 cents per share for a period of 24 months, expiring March 2, 2028.

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 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, the Rodgers Cove gold project and the Harmsworth (VMS (volcanogenic massive sulphide)) project, all located in Newfoundland.

We seek Safe Harbor.