Sonoran Desert Copper Corporaton

SONORAN DESERT COPPER CORPORATON

Suite 920 – 1112 WEST PENDER STREET

VANCOUVER, BC, V6E 2S1

http://primemeridianresources.com/

March 22, 2023 News Release TSXV: SDCU.V

SONORAN DESERT COPPER CORPORATION

CLOSES FIRST TRANCHE OF FINANCING

Vancouver, B.C.: Sonoran Desert Copper Corporation (“SDCU'' or the “Company”) (TSXV: SDCU.V) is

pleased to announce that, further to its March 2, 2023 news release, it has received conditional approval

from the TSX Venture Exchange to close the first tranche of its $0.05 unit private placement financing (the

“Financing”) for gross proceeds of $385,800. The Company will now issue 7,716,000 Units, each Unit

consisting of 1 common share of the Company and 1 common share purchase warrant, each warrant being

exercisable at $0.10 for 36 months, subject to the right of the Company to accelerate the exercise period

to 30 days if, after the expiry of the 4 month hold, shares of the Company close at or above $0.50 for 10

consecutive trading days.

Nexvu Capital Corp., a company beneficially owned by insiders of the Company, has subscribed for

1,200,000 Units, or $60,000, that portion of the Financing a “related party transaction” as such term is

defined under MI 61-101 – Protection of Minority Security Holders in Special Transactions. The Company

is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and

(b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it

involves the interested party, is not more than 25% of the Company’s market capitalization.

Cash finders fees totalling $5,800 will be paid and 116,000 non-transferable broker warrants exercisable

at $0.10 for 36 months will be issued to 2 finders in this first tranche close.

All securities issued pursuant to the Financing are be subject to a four-month hold.

Proceeds raised from the financing will be used for current project payments and holding costs,

exploration expenditures, and working capital expenditures. The Company intends to close the balance

of the Financing by April 30, 2023.

On behalf of the Board of Directors of

SONORAN DESERT COPPER CORPORATION

"Brian Leeners"

Brian Leeners, CEO & Director

[email protected] / +1 604-862-4184 (WhatsApp)

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."