Oroco Announces Favourable Court Decision

Oroco Announces Favourable Court Decision

VANCOUVER

,

May 7, 2019

/CNW/ - Oroco Resource Corp. (

TSX-V: OCO

) ("

Oroco

" or "

the

Company

") is pleased to announce that it has been advised by its Mexican legal counsel that the

Mexican Federal Appeal Court has rendered an oral decision which materially affects the status of

the

Santo Tomas

concessions (the "Concessions"). The decision will nullify a 2016 judgement (the

"Judgement") which had resulted from an unwarranted claim to the Concessions by Aztec Copper

Inc. ("Aztec") and its Mexican subsidiary.

The Company is waiting for written confirmation of the

appeal court decision prior to the resumption of trading.

The existence of the Judgment, and in particular its related annotation recorded in the Mexican

Mining Registry, was an impediment to the registration of the Concession titles to Xochipala Gold

S.A. de C.V., a subsidiary of Altamura Copper Corp. ("Altamura"). Oroco currently owns 13.0

percent of Altamura and holds an irrevocable option to acquire the balance of Altamura (refer to the

Company's news release of

October 9

, 2018). Once written confirmation of the appeal court

decision has been received, the Company will proceed to register the Concessions in the name of

Xochipala Gold S.A. de C.V.

The Company also reports that a criminal complaint against Aztec and

Ron Arnold

, the President of

Aztec, for procedural fraud, in relation to the trial which resulted in the Judgement, has been filed

with the Procuraduría General de Justicia de la

Ciudad de Mexico

.

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.

Cautionary Note Regarding Forward Looking Information

This news release includes certain "forward-looking information" and "forward-looking

statements" (collectively "forward-looking statements") within the meaning of applicable

Canadian securities legislation. All statements, other than statements of historical fact

included herein, including without limitation, statements relating to future events or

achievements of the Company, are forward-looking statements. There can be no assurance

that such forward-looking statements will prove to be accurate, and actual results and future

events could differ materially from those anticipated or implied in such statements. Many

factors, both known and unknown, could cause actual results, performance or achievements

to be materially different from the results, performance or achievements that are or may be

expressed or implied by such forward-looking statements. Readers should not place undue

reliance on the forward-looking statements and information contained in this news release

concerning these matters. Oroco does not assume any obligation to update the forward-

looking statements should they change, except as required by law.

SOURCE

Oroco Resource Corp.

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For further information:

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

688-6200, www.orocoresourcecorp.com

CO: Oroco Resource Corp.

CNW 10:28e 07-MAY-19