Frankfurt Symbol 4LPP Aloro Cancels Quitovac Option

August 25, 2023 TSX.V Symbol AORO

FRANKFURT Symbol 4LPP

ALORO CANCELS QUITOVAC OPTION

ALORO MINING CORP. – (the “Company” or “Aloro”) announces that it will not be

proceeding with option to purchase agreement for the Quitovac Mine Project as

announced January 31, 2023 and May 08, 2023.

After conducting further due diligence and considering the newly proposed changes to

the Mining Law by the current Government of Mexico and the difficulties in obtaining a

surface use agreement from the Quitovac Comu nidad, Aloro feels that it is not in the

Company’s best interest to proceed.

By mutual agreement, Aloro, through its Mexican subsidiary, Exploraciones Aloro, S.A.

DE CV and Cuesta Del Cobre, S. De R.L. De C.V. have agreed to cancel the option.The

formal documentation that was filed with the Registro Público de Mineria, Mining

Public Registry will be recalled.

Aloro will continue to search for other potential acquisitions in different jurisdictions. 

About Aloro Mining Corp.

Aloro controls the 3,199- hectare Los Venado s Project, which is located in the central

part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit

mine of Alamos Gold Inc. The Los Venado s is under US $5,000,000 Option agreement

to Alamos Gold Inc.

ALORO MINING CORP.

Per: “Thomas A. Doyle”

Thomas A. Doyle

President & CEO

http://www.aloromining.com/

For further information, please

contact:

Thomas A. Doyle

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.