Oroco Issues Incentive Stock Options
May 3, 2022 NEWS RELEASE
OROCO ISSUES INCENTIVE STOCK OPTIONS
VANCOUVER, British Columbia – (May 3, 2022) Oroco Resource Corp. ( TSX-V: OCO, OTC: ORRCF )
(“Oroco” or “the Company” ) announces that pursuant to the Company's Stock Option Plan and subject to
approval by the TSX Venture Exchange, the Company has issued a total of 6,850,000 incentive stock options
at an exercise price of $2.05 per share with a term of three years. Of that tota l, 3,425,000 incentive options
have been issued to officers and directors of the Company. In addition, the Company is cancelling 4,475,000
incentive options, leaving the Company with 11,757,000 incentive options issued and outstanding, that being
57% of the number allowed by TSX-V policies and the Company’s Stock Option Plan.
ABOUT OROCO:
The Company holds a net 73.2% interest in the collec tive 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 peri od from 1968 to 1994. During that time, the property
was tested by over 100 diamond and reverse circulati on drill holes, totalling appr oximately 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 160 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 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, Executive Chairman
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) accept responsibility for the adequacy or accuracy of this release.
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