Mr. Alex Bugden reports

SORRENTO RESOURCES PROVIDES UPDATE ON DRILLING AT THE RODGERS COVE GOLD PROJECT

Sorrento Resources Ltd. has provided an update on continuing drilling activities at its 100-per-cent-owned Rodgers Cove gold project in Newfoundland and Labrador.

Drilling at Rodgers Cove is progressing as planned, with a total of six drill holes completed for 1,048 metres on the SG1 soil anomaly, as previously reported in the company's March 4, 2026, news release. Four of these holes have been logged and sampled, with shipment to the assay laboratory anticipated in the coming days.

Visible gold has been observed in drill hole RC26-001 (previously reported) and in drill hole RC26-004 at a depth of 72.41 metres. In addition, all four logged holes contain intervals of significant sulphide mineralization (estimated 1 to 10 per cent), including chalcopyrite, pyrite, sphalerite, arsenopyrite, pyrrhotite and boulangerite.

The company has mobilized the drill rig to the NG soil anomaly, located approximately 1.25 kilometres northeast of SG1, where drilling of hole RC26-007 has commenced. A total of seven holes are planned at NG. As a result of encouraging early observations, the company has expanded the current drill program from 1,500 metres to approximately 2,500 metres.

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.

Bottom Brook update

The company also reports that a total of 377 core samples, including quality assurance/quality control samples, from four of 10 completed drill holes at its Bottom Brook project, have been submitted to Activation Laboratories Ltd. in Ancaster, Ont., for analysis. Additional samples will be submitted as core processing is completed. Assay results are expected within four to six weeks.

All core samples were saw-cut at the Bugden exploration facility in Gander, Nfld., and securely bagged and sealed prior to shipment through Midland Transport to the laboratory.

The company maintains a rigorous quality assurance and quality control program, including the regular insertion of certified reference materials, blanks and duplicate samples at a rate of approximately one QA/QC sample per 10 core samples.

Analytical methods include lithium metaborate/tetraborate fusion followed by ICP and ICP-MS analysis. Mass balance checks are employed as an additional quality control measure. Fluorine analysis is conducted using fusion techniques and ion selective electrode methods.

Management commentary

"We are very encouraged by the continued presence of visible gold and consistent sulphide mineralization encountered in our initial drill holes at Rodgers Cove. Expanding the program to 2,500 metres and advancing drilling at a second target area reflects our growing confidence in the project's potential. We look forward to receiving assay results in the coming weeks, which will provide further insight into the scale and grade of mineralization."

About the Rodgers Cove project

The Rodgers Cove project is located in Gander Bay, Nfld., near the town of Rodgers Cove and fewer 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 by forest access roads. There is also a nearby transmission line.

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

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

We seek Safe Harbor.