Oroco Closes Non-Brokered Private Placement

Oroco Closes Non-Brokered Private Placement

VANCOUVER

,

April 26, 2018

/CNW/ - Oroco Resource Corp. (

TSX-V: OCO

) ("

Oroco

" or "

the Company

") is pleased to announce that it

has closed the non-brokered private placement financing (the "

Financing

") previously announced by news releases dated

April 11, 2018

and

April 16, 2018

. The Company has raised gross proceeds of

$900,000

through the sale of a total of 9,000,000 units at a price of

$0.10

per unit.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be

exercisable into one additional common share for a period of 18 months from closing at a price of

$0.16

per share. The exercise period for the

warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, the volume-weighted trading average

of the Company's shares over a period of 20 consecutive trading days exceeds

$0.35

.

The shares and any shares issued pursuant to the exercise of the warrants are subject to a hold period expiring

August 27, 2018

.

The Company paid a total of

$12,250

in finder's fees to

Luis Zapata

in connection with the Private Placement.

The proceeds of the financing will be used for exploration expenditures, payment of concession duties, costs associated with intended acquisitions

and general and administrative expenses.

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.

View original content:

http://www.prnewswire.com/news-releases/oroco-closes-non-brokered-private-placement-300637413.html

SOURCE

Oroco Resource Corp.

View original content: http://www.newswire.ca/en/releases/archive/April2018/26/c2414.html

%SEDAR: 00026117E

For further information:

please contact: Mr. Craig Dalziel, President and CEO, Oroco Resource Corp., Tel: 604-688-6200,

www.orocoresourcecorp.com

CO: Oroco Resource Corp.

CNW 12:30e 26-APR-18