Oroco Closes Final Tranche of Non-Brokered Private Placement

March 25, 2022 NEWS RELEASE

OROCO CLOSES FINAL TRANCHE OF NON-BROKERED

PRIVATE PLACEMENT

VANCOUVER, British Columbia – (March 25, 2022) Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF)

(“Oroco” or “the Company” ) is pleased to announce that it has closed the second and final tranche of the

previously announced non-brokered private placement, issuing an additional 2,653,811 units at a price of $1.70

per unit, for gross proceeds of $4,511,478.70. Each unit consists of one common share and one common share

purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share

for a period of 24 months from closing at a price of $2.40 per share. Together with the first tranche, the

Company has issued an aggregate of 10,708,696 units for gross proceeds of $18,204,783 (the “Financing”).

The proceeds of the Financing will be used, for the continued exploration of the Company’s Santo Tomas

Project, provision of a reserve for acquisitions and for general working capital purposes.

Pursuant to the policies of the TSX Venture (the “ Exchange”), all shares issued in this second tranche, and

any shares issued pursuant to the exercise of the warrants, are subject to a hold period expiring July 26, 2022.

In connection with the second tranche, finder’s fees of $182,000 cash and 25,000 common shares of the

Company are being paid to Red Cloud Securities Inc. and Vertigo Partners Ltd.

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. The 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 property

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 located within 160km 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 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

OROCO RESOURCE CORP.

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

T: 604.688.6200 F: 604.688.6260

www.orocoresourcecorp.com

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.