Sonoro Closes Cerro Caliche Expansion Agreement
SONORO CLOSES CERRO CALICHE EXPANSION AGREEMENT
VANCOUVER, Canada, March 20, 2018, Sonoro Metals Co rp., (“Sonoro”) (TSXV: SMO) (OTCQB: SMOFF),
announces that its Mexican subsidiary, Minera Mar D e Plata, SA de C.V. has executed a formal option ag reement
(the “Rosario Option Agreement”) with a resident of Tucson, Arizona (the “Vendor”), to acquire a 100% interest in
the 403.5 hectare Rosario group of concessions (“Ro sario”) on the terms initially disclosed in a news release dated
March 5, 2018. Rosario is located contiguous to the recently-acquired Cerro Caliche concessions in the prolific
Cucurpe Sonora Mega-district of Sonora, Mexico. The option agreement increases the land holdings under option to
Sonoro in this important gold mining district to 1,455 hectares.
The Rosario Option Agreement provides for Sonoro to acquire a 100% interest in Rosario for total consi deration to
the Vendor of US$1,600,000, payable in escalating c ash installments over 72 months. The initial first- year
installment of US$60,000 was paid on execution of the Rosario Option Agreement.
Following exercise of the Option, the Vendor will hold a 2% net smelter returns royalty (“NSR”) from the proceeds
of the sale of minerals from Rosario. Sonoro has be en granted an option to purchase the NSR at any tim e for
US$1,000,000 for each one percent of the 2 percent NSR.
The Rosario and Cerro Caliche concessions (collectively “Cerro Caliche”) were the subject of earlier drill programs
by Cambior Gold and Corex Gold Corp., with the most recent drilling occurring in 2008. Total drilling by those two
companies in the last 20 years of 10,118 meters in 101 drill holes reportedly outlined large areas of mineralized
material that may in future programs assist in defi ning a resource with significant gold mineralizatio n. A historic
non-published report completed by Corex (Flores, 2008) includes a non NI 43-101 resource estimation.
“Our Hermosillo-based exploration team, headed by n oted geologist Mel Herdrick, has commenced a surfac e
sampling program to define additional zones for a d rilling program scheduled to begin during the secon d half of
2018,” said Kenneth MacLeod, President and CEO of Sonoro. “Our aim is to verify the earlier data and expand the
scope and scale of the gold resource indicated in the Corex report.”
The Cucurpe Sonora Mega-district includes Premier Gold’s Mercedes gold mine; Goldgroup Mining’s Cerro Prieto
gold mine; Agnico Eagle’s recently purchased Santa Gertrudis gold mine; and other gold mineralized prospect areas.
Stephen Kenwood, P. Geo. is a Qualified Person within the context of National Instrument 43-101 and has read and
takes responsibility for this news release. Readers are cautioned that the presence of mineralization on properties
adjacent to or in proximity to Cerro Caliche is not necessarily indicative of mineralization on Cerro Caliche.
About Sonoro Metals Corp.
Sonoro Metals Corp. (TSXV: SMO) (OTCQB: SMOFF) is a n exploration and development company with a
portfolio of precious metals properties in Sonora, Mexico and Alaska, USA. Sonoro’s skilled exploratio n team in
Mexico is headed by Hermosillo-based geologist Melv in Herdrick, with 45 years of mine related experien ce,
including 10 years as Chief Geologist for Phelps Do dge, Mexico and 7 years as Vice President, Explorat ion for
Pediment Gold in Mexico until its takeover by Argon aut Gold in 2011. Sonoro’s Chief Geologist and Qual ifying
Person is Stephen Kenwood, with over 20 years of experience in mineral exploration and development.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
KENNETH MACLEOD
President & CEO
For further information, please contact:
Sonoro Metals Corp. - Tel: (604) 632-1764
Email: [email protected]
Forward-Looking Statement Cautions: This press release contains certain "forward-lookin g statements" within the meaning of Canadian
securities legislation, relating to, among other th ings, the Company's plans for the acquisition of th e above-described Rosario Group of
Concessions, located in the municipality of Cucurpe , Sonora, Mexico, and the Company’s future explorat ion plans for those properties.
Although the Company believes that such statements are reasonable based on current circumstances, it c an give no assurance that such
expectations will prove to be correct. Forward-look ing statements are statements that are not historic al 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 exp ressions, or that events or conditions "will," "wou ld," "may," "can," "could" or
"should" occur, or are those statements, which, by their nature, refer to future events. The Company c autions that forward-looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date th e statements are made and they
involve a number of risks and uncertainties, includ ing the possibility of unfavourable interim explora tion results, the lack of sufficient
future financing to carry out exploration plans, an d unanticipated changes in the legal, regulatory an d permitting requirements for the
Company’s exploration programs. There can be no ass urance that such statements will prove to be accura te, as actual results and future
events could differ materially from those anticipat ed in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims a ny intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future even ts or otherwise, except as required by law or the p olicies of the TSX Venture
Exchange. Readers are encouraged to review the Comp any’s complete public disclosure record on SEDAR at www.sedar.com.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR S HALL
THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN A NY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION O R SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFIC ATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
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.