Oroco Affiliate Acquires Share Option

Oroco Affiliate Acquires Share Option

VANCOUVER

,

April 10, 2019

/CNW/ - Oroco Resource Corp. (

TSX-V: OCO

) ("

Oroco

" or "

the

Company

") is pleased to announce that its affiliate, Altamura Copper Corp. ("Altamura"), has

acquired an option to purchase 40,000,000 shares (the "

Aztec Shares

") of Aztec Copper Corp.

("

Aztec

") held by Fierce Investments Ltd. ("

Fierce

"). At the time of their issuance, the Aztec Shares

represented in excess of 90 percent ownership of Aztec. Along with its Mexican subsidiary, Prime

Aztec Mexicana, S.A. de C.V., Aztec is a plaintiff in the Mexican judgement which is currently

impeding the registration of the transfer of the Santo Tomas Concessions to an Altamura subsidiary,

Xochipala Gold, S.A. de C.V. The Aztec Shares constitute the primary consideration paid by Aztec

in the transaction which was the basis of the claim that resulted in the Mexican judgement. Aztec

has subsequently denied the existence of the Aztec Shares and therefore Fierce is currently taking

the necessary steps to secure its ownership rights in the Aztec Shares.

Altamura is the subject of an irrevocable share purchase option held by Oroco which, upon exercise,

would give Oroco 100 percent ownership of Altamura. Through its Mexican subsidiaries, Altamura

controls a 50 percent interest in the seven core

Santo Tomas

mineral concessions and also holds an

option to acquire the other 50 percent interest in those concessions. (See the Company's most

recent MD&A for details.)

Further to its news release of

February 23, 2018

, wherein the Company announced its acquisition of

a 77.5% interest in the Amp. Santo Tomas Reduccion 1 ("Red. 1") concession, the Company is

pleased to announce that the appeal of the cancellation of the Red. 1 concession has been

successful and that the concession has been reinstated to good standing. Red. 1 is an important

component in Oroco's land assembly on the periphery of the

Santo Tomas

core concessions, holding

ground along strike over exploration targets to the north and south of the Santo Tomas Cu-Mo-Au-

Ag porphyry deposit. In addition, locations for a possible mill site and supporting infrastructure are

covered by the 6,660 ha. Red. 1 mineral concession.

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.

Certain statements contained in this press release constitute forward-looking information

within the meaning of applicable securities laws. These forward-looking statements relate to

the Company's intentions related to future acquisitions and financings. The Company

believes that the expectations reflected in such forward looking information are reasonable,

but no assurance can be given that these expectations will prove to be correct and such

forward-looking information should not be unduly relied upon. These statements speak

onlyas of the date of this press release. Forward-looking information involves risks and

uncertainties which may cause actual results to be materially different from those expressed

or implied by such forward-looking information. The Company does not intend, and does not

assume any obligation, to update any forward-looking information except as required by law.

SOURCE

Oroco Resource Corp.

View original content:

http://www.newswire.ca/en/releases/archive/April2019/10/c9868.html

%SEDAR: 00026117E

For further information:

Mr. Craig Dalziel, President and CEO, Oroco Resource Corp., Tel: 604-

688-6200

CO: Oroco Resource Corp.

CNW 17:30e 10-APR-19