202 ALORO M approval, i up to 16,00 $400,000. E share pur c purchase o one year fr The Compa $67, $24, $162 $34, $30, $80, All securi t period exp Financing regulatory

NOT FOR DISTR RIBUTION TO UNITE ED STATES S NEWS WI IRE SERVIC CES OR FO OR DISSEM MINATION IN THE UN NITED STA ATES

April 6, 202 20 TSX.V V Symbol AORO F FRANKFU URT Symbo ol 4LPP

ALO ORO ANN NOUNCE ES PRIVA ATE PLA ACEMENT T

ALORO M MINING C

CORP. – (the “Com mpany”) a announces that, subje ect to reg gulatory n-brokered private pla approval, i it has arran nged a non acement fin nancing (th he “Financi ing”) of up to 16,00 00,000 units s (each, a “U Unit”) at a p price of $0.025 per Un nit for gross s proceeds o of up to $400,000. E Each Unit c consists of o one commo on share of t the Compa any (each, a a “Share”) a and one share purc chase warr rant (each, a “Warran nt”). One W Warrant en ntitles the holder the ereof to purchase o one additional Share o of the Com mpany at a p price of $0.05 per Sha are for a pe eriod of one year fr rom closing g of the Fina ancing. Insiders may p participate in the Fina ancing.

The Compa any intends s to use the ese proceeds as follows s (each app proximates)

):

• $67,500 in acco ounting and d audit fees;

;

• $24,500 in legal l fees;
• $162 2,500 for rep payment of f short term m loans;
• $34,500 for pro operty paym ments;
• $30,000 for rent, transfer a agent, excha ange and office expen nses; and
• $80,000 for gen neral workin ng capital.

All securit ties issued in connect tion with t the Financi ing will be e subject to

• a statutor ry hold

period exp piring four months an nd one day after closin ng of the F Financing. C Completion n of the Financing is subject t to a numbe er of condi itions, inclu uding, with hout limitat tion, receip pt of all regulatory approvals, , including approval o of the TSX V Venture Exc change.

None of th he securities s sold in co onnection w with the Fin nancing are e registered d under the United States Secu urities Act o of 1933, as a amended, a and no such h securities may be off fered or sold in the United States absen nt registrat tion or an n applicab ble exemp ption from m the regis stration requiremen nts. This ne ews release e shall not constitute an offer to

• sell or the e solicitatio on of an

offer to buy y nor shall there be an ny sale of th he securities s in any jur risdiction in n which suc ch offer, solicitation n or sale wo ould be unla awful.

1085 - 555 Burr rard Street Tel: (604)

) 689-5722 P.O. Box 201 Fax: (604)

) 685-9182 Vancouver, BC C V7X 1M8 Email l: info@aloromi ining.com Canada

About Aloro Mining Corp.

Aloro controls the 3199 -hectare Los Venados Project (LV) which is located in the central part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit of Alamos Gold Inc. to the south. The western border is shared with Agnico Eagle Mines Limited where it operates the La India open pit. The known mineralization within the Mulatos District is gold-dominant, with accessory silver and copper.

ALORO MINING CORP. http://www.aloromining.com/

Per: “Thomas A. Doyle” For further information, please Thomas A. Doyle contact:

President & CEO Thomas A. Doyle Logan Anderson Phone: (604) 689-5722 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.