” Sonoro GOLD Announces Closing of Oversubscribed $3.1 Million Private Placement

“THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION

TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES”

SONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $3.1 MILLION PRIVATE

PLACEMENT

VANCOUVER, Canada, April 20, 2021 – Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP)

(“Sonoro” or the “Company”) is pleased to announce the closing of its oversubscribed non-brokered

private placement of 17,283,586 units, at $0.18 per unit, for total gross proceeds of $3,111,045. The

private placement was initially announced on March 29, 2021 for $2,000,000 (11,111,111 Units) and

was increased, as announced on April 9, 2021, to $2,600,000 (14,444,444 Units), and increased again,

as announced on April 13, 2021, to $3,000,000 (16,666,667 Units).

Each Unit consists of one Sonoro Common Share and one Share Purchase Warrant. Each warrant

entitles the holder to purchase one additional Sonoro Common share for a period of two years from

the closing date at an exercise price of $0.30 per share. All securities issued and issuable in connection

with the Offering will be subject to a 4-month hold period ending August 21, 2021. The Offering has

received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final

approval from the TSX Venture Exchange.

In connection with the Offering, the Company entered into finder’s fee agreements with Haywood

Securities Inc. (“Haywood”), Echelon Wealth Partners Inc. (“Echelon”), Couloir Capital Securities Ltd.

(“Couloir”), Canaccord Genuity Corp. (“Canaccord”), and National Securities Corp. (“National

Securities”), (collectively, the “Finders” and each, a “Finder”) pursuant to which the Company paid to

each Finder:

i. at the election of the Finder, either a cash finder’s fee or Units equal to a maximum 7% of the

gross proceeds raised from subscribers introduced to the Company by the Finder, and

ii. non-transferable finder’s warrants (the “Finder’s Warrants”) equal in number to 7% of the

gross proceeds raised from subscribers introduced to the Company by the Finder. Each

Finder’s Warrant entitles the Finder to purchase one common share in the capital of the

Company at a price of $0.30 for a period of two years following the closing of the Offering.

In total the company paid $80,110 in Finder’s fees, 9,722 in Finder’s units and 167,922 in non-

transferable Finder’s Warrants.

Directors and officers of the Company participated in the Offering by subscribing for 2,449,999 Units,

constituting a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral

Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

The Company relied on section 5.5(a) of MI 61-101 for an exemption from the formal valuation

requirement and section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder

approval requirement of MI 61-101 as the fair market value of the transaction did not exceed 25% of

the Company’s market capitalization.

The net proceeds from the Offering will be used principally to fund Sonoro’s ongoing development

plans at its Cerro Caliche Gold Project located in Sonora, Mexico, including completion of metallurgical

testing, preparation of a 43-101 resource update, a Preliminary Economic Assessment, in addition to

property maintenance payments, and secondarily for corporate and general administrative expenses.

Sonoro’s President and CEO, Kenneth MacLeod stated, “In light of the determination of Sonoro’s

management to maintain a strong percentage ownership in the Company, we are pleased to report

that members of the senior executive team contributed to 14% of the private placement financing. In

addition, all members of the technical and management teams have demonstrated their commitment

to the Company’s exploration and development plans for the Cerro Caliche project.”

Sonoro’s Chairman John Darch added, “Since the completion of our $8 million financing in September

2020, exceptional drilling results support the Company’s conceptual plan to develop a heap leach

mining operation (“HLMO”) having a capacity of between 15,000 to 20,000 tons per day. The reception

to this current financing, which continued to be oversubscribed despite being increased in size twice,

reflects investors' confidence in the Company’s plans. We expect that the funds raised will sustain our

operations beyond the completion of a 43-101 resource update and a Preliminary Economic

Assessment, both expected by this July. On behalf of the Sonoro executive team, I would like to

emphasize our confidence that these independent reports will reflect both a material increase and

upgrade in our current inferred resource1, together with robust economics for the conceptual heap

leach mining operation, which we anticipate will enable us to raise debt financing to construct the

HLMO with the objective to commence production in early 2022."

Readers are cautioned that, until the Preliminary Economic Assessment's completion, no definitive

conclusions can be made as to the technical or economic viability of the proposed HLPO.

About Sonoro Gold Corp.

Sonoro Gold Corp. is a publicly listed exploration and development company with a portfolio of

exploration-stage precious metal properties in Sonora State, Mexico. The Company has highly

experienced operational and management teams with proven track records for the discovery and

development of natural resource deposits.

On behalf of the Board of SONORO GOLD CORP.

Per: “Kenneth MacLeod”

Kenneth MacLeod

President & CEO

For further information, please contact:

Sonoro Gold Corp. - Tel: (604) 632-1764

Email: [email protected]

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation,

relating to, among other things the intended use of the proceeds of the Offering and the Company’s intention to proceed with

the execution of its exploration and development plans for its Cerro Caliche Project, including the development of a heap

leach pilot operation; and statements regarding the timing for completion and anticipated results of a new independent

resource estimate and PEA, a proposed target date for production and future debt financing. Although the Company believes

that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will

prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not

always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims,"

"potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may,"

"can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions

that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date

the statements are made and they involve a number of risks and uncertainties, including the risks that the Company will not

be able to secure sufficient future financing necessary to fund all of its proposed exploration and development of its Cerro

Caliche Project, or to fund its other project exploration and development business; future exploration, assaying, analysis and

engineering results will be unfavourable and will not support the proposed plan to build a heap leach pilot operation or justify

further exploration efforts; equipment failures, accidents, or external problems (e.g. civil unrest, public health emergencies)

may materially increase the Company’s business expenses or delay (or prevent altogether) the execution of the Company’s

business plans; and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s mineral

exploration programs and development plans for its projects, at present, all of which are located in Mexico, may prevent the

Company from carrying out some or all of its business plans.

1 NI 43-101 Technical Report on the Cerro Caliche Property, July 26, 2019, Strickland, D., Sim, R.C. prepared for Sonoro

Metals; 11,5 Mt at avg 0.5 g/t Au + 4.3 g/t Ag containing 200,000 oz at 0.545 g/t AuEq.

“This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in

the United States. The securities referred to herein have not been and will not be registered under the Securities Act of

1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the

United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or

benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant

to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.”

Neither the 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.