Oroco Announces Private Placement FOR Gross Proceeds of up to C$1.5 Million

January 27, 2025 NEWS RELEASE

OROCO ANNOUNCES PRIVATE PLACEMENT

FOR GROSS PROCEEDS OF UP TO C$1.5 MILLION

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia – (January 27, 2025) Oroco Resource Corp. (TSX -V: OCO,

OTC: ORRCF) (“Oroco” or the “Company”) is pleased to announce a non- brokered private

placement (the “Offering”) of up to 5,000,000 units of the Company (each, a “Unit”) at a price of

C$0.30 per Unit for gross proceeds of up to C$1,500,000. Red Cloud Securities Inc. will be acting

as a finder in connection with the Offering.

Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one half

of one common share purchase warrant (each whole warrant, a “ Warrant”). Each Warrant shall

entitle the holder to purchase one common share of the Company (each, a “Warrant Share”) at a

price of C$0.45 at any time on or before that date which is 24 months after the issue date of the

Unit.

The Company intends to use the proceeds from the Offering for the advancement of the Santo

Tomás Project located in northwestern Mexico as well as working capital and other general

corporate purposes.

The closing of the Offering is subject to receipt of all necessary regulatory approvals including the

TSX Venture Exchange (the “ TSX-V”). Finder’s fees will be payable in accordance with the

policies of the TSX -V. The securities issued under the Offering will be subject to a hold period

ending on the date that is four months plus one day following the date of issue in accordance with

applicable securities laws.

The securities described herein have not been, and will not be, registered under the United States

Securities Act of 1933 (the " U.S. Securities Act"), as amended, or any state securities laws, and

accordingly, may not be offered or sold within the United States or to US persons except in

compliance with the registration requirements of the U.S. Securities Act and applicable state

securities requirements or pursuant to exemptions therefrom. This press release does not constitute

an offer to sell or a solicitation to buy any securities in any jurisdiction.

ABOUT OROCO

The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares

“the Core Concessions” of The Santo Tomas Project, located in northwestern Mexico. The

Company also holds an 80% interest in an additional 7,861 hectares of mi neral concessions

surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or

22,324 acres). The Project is situated within the Santo Tomas District, which extends up to the

Jinchuan Group’s Bahuerachi Project, approximately 14 km to the northeast. The Project hosts

significant copper porphyry mineralization initially defined by prior exploration spanning the

period from 1968 to 1994. During that time, the Project area was tested by over 100 diamond and

reverse circulation drill holes, totalling approximately 30,000 meters. Commencing in 2021, Oroco

conducted a drill program (Phase 1) at Santo Tomas, with a resulting total of 48,481 meters drilled

in 76 diamond drill holes.

The drilling and subsequent resource estimates and engineering studies led to a revised MRE and

an updated PEA being published and filed in August of 2024, which studies are available at the

Company’s website www.orocoresourcecorp.com and by reviewing the Company profile on

SEDAR at www.sedarplus.ca..

The Santo Tomas Project is located within 170 km of the Pacific deep-water port at Topolobampo

and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and

natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached,

in part, by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua

State.

Additional information about Oroco can be found on its website and by reviewing its profile on

SEDAR at www.sedarplus.ca.

For more information, please contact:

Richard Lock, CEO

Oroco Resource Corp.

Tel: 604-688-6200

Email: [email protected]

www.orocoresourcecorp.com

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

policies of the TSX Venture Exchange) accept 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 histor ical fact included

herein, including, without limitation, statements relating to future events or achievements of the

Company, the timing of closing of the Offering, proceeds received and use of funds of the Offering,

are forward- looking statements. There is no assurance that (i) the Company will be able to

complete the Offering on the terms set out above, or at all, or (ii) that the proceeds of the Offering

will be expended as contemplated. 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.