Oroco Announces Private Placement Oversubscribed

March 15, 2022 NEWS RELEASE

OROCO ANNOUNCES PRIVATE PLACEMENT OVERSUBSCRIBED

VANCOUVER, British Columbia – (March 15, 2022) Oroco Resource Corp. (TSX-V: OCO, OTC:

ORRCF) (“Oroco” or “the Company”) is pleased to announce that the private placement offering

announced March 10, 2022 has been oversubscribed and the Company is no longer accepting new

subscriptions.

ABOUT OROCO:

The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo

Tomas Project in NW Mexico and may increase that majority interest up to an 85.5% interest with a

project investment of up to CAD$30 million. Th e Company also holds a 77.5% interest in 7,807.9

ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total project area

of 22,192 acres). The Project is situated within the Santo Tomas District, which extends from Santo

Tomas up to the Jinchuan Group’s Bahuerachi project, approximately 14 km to the north-east. Santo

Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period

from 1968 to 1994. During that time, the propert y was tested by over 100 diamond and reverse

circulation drill holes, totaling approximately 30,000 meters. Based on data generated by these drill

programs, a historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.

The Santo Tomas Project is loca ted within 160km of the Pacific deep-water port at Topolobampo

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

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

a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.

For further information, please contact:

Mr. Craig Dalziel, CEO

Oroco Resource Corp.

Tel: 604-688-6200

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) 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. Reader s should not place undue reliance on the forward-looking

statements and information contained in this news releas e concerning these matters. Oroco does not assume any

obligation to update the forward-looking statements should they change, except as required by law.

OROCO RESOURCE CORP.

1201-1166 Alberni Street, Vancouver, BV V6E 3Z3

T: 604.688.6200 F: 604.688.6260

www.orocoresourcecorp.com