San Lorenzo Loan Maturity Extended

SAN LORENZO LOAN MATURITY EXTENDED

Calgary, Alberta, July 2, 2021: San Lorenzo Gold Corp. (" San Lorenzo " or the "Company")

(TSXV - SLG) announces that it has entered into an agreement to amend the repayment terms

of the C$1,000,000 loan (the "Loan") that it owes to a third party, Lithium Chile Inc. (" Lithium"),

to extend the maturity date of the Loan from November 30, 2021 to November 30, 2022. As

consideration for the extension of the maturity date, subject to the acceptance of the TSX

Venture Exchange, the Company has agreed to issue 500,000 common shares in the capital of

the Company (the "Shares") to Lithium. The Shares will be subject to a hold period expiring four

months and one day from the date of their issuance.

For further information on the Company, readers are referred to the Company’s website at

www.sanlorenzogold.com and its Canadian regulatory filings on SEDAR at www.sedar.com.

About San Lorenzo Gold Corp.

San Lorenzo Gold is in the business of exploring for and advancing mineral properties. The

Company currently has two 100% owned properties in Chile: Salvadora and Nancagua. The

Salvadora property is being explored for large scale copper-gold porphyry targets and

Nancagua is a high grade epithermal gold property.

For further information, please contact: Ken Booth

Email: [email protected]

Neither the 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 news

release.

Not for distribution to United States newswire services or for release, publication, distribution or

dissemination directly, or indirectly, in whole or in part, in or into the United States

Cautionary Note Regarding Forward-Looking Information

This press release may contain forward-looking information that involves substantial known and unknown

risks and uncertainties, most of which are beyond the control of San Lorenzo. All statements included

herein other than statements of historical fact, including the statement regarding the issuance of the

Shares to Lithium, are forward-looking information. Such forward-looking information involves various

risks and uncertainties, including the risk that the TSX Venture Exchange does not accept the issuance of

the Shares. There can be no assurance that such information will prove to be accurate, and actual

results and future events could differ materially from those anticipated in such information. Any forward-

looking statements are made as of the date of this release and, other than as required by applicable

securities laws, San Lorenzo does not assume any obligation to update or revise them to reflect new

events or circumstances.