Aloro Announces Cancellation of Private Placement

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MINING CORP.

April 21, 2020 TSX.V Symbol AORO

FRANKFURT Symbol 4LPP

ALORO ANNOUNCES CANCELLATION OF PRIVATE PLACEMENT

ALORO MINING CORP. - (the “Company”) announces that, due to the COVID-19

pandemic and the market conditions, it will not be proceeding with the non-brokered private

placement announced on April 6, 2020.

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.

1085 - 555 Burrard Street Tel: (604) 689-5722

P.O. Box 201 Fax: (604) 685-9182

Vancouver, BC V7X 1M8 Email: [email protected]

Canada