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SOMA Files Ni 43-101 Technical Report ON Its El Bagre and Nechí Projects IN Colombia

Resource Estimates Technical Reports (NI 43-101)

SOMA FILES NI 43-101 TECHNICAL REPORT

ON ITS EL BAGRE AND NECHí PROJECTS IN

COLOMBIA

VANCOUVER, BC

,

Feb. 16, 2023

/CNW/ -

Soma Gold Corp.

(TSXV: SOMA) (WKN: A2P4DU)

(OTC: SMAGF) (the "

Company

" or "

Soma

") is pleased to announce that it has filed a technical

report titled "Technical Report on the El Bagre Gold Mining Complex and Nechí Project, Department

of Antioquia Colombia, Report for NI 43-101" (the "Technical Report"). The Technical Report is

available on the Company's website at

www.somagoldcorp.com

and on Soma's issuer profile on

SEDAR at

www.sedar.com

.

The independent Technical Report was prepared by SLR Consulting (

Canada

) Ltd. and has an

effective date of

December 31, 2022

. This filing follows the Company's News Release dated

January 5, 2023

(titled:

Soma Announces a Positive Preliminary Economic Assessment and

Updated Mineral Resource

) which outlined key results from the Technical Report.

ABOUT SOMA GOLD

Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold production and exploration.

The Company owns two adjacent mining properties in Antioquia,

Colombia

with a combined milling

capacity of 675 tpd. (permitted for 1,400 tpd). The El Bagre Mill is currently operating and

producing. Internally generated funds are being used to finance a regional exploration program.

The Company also owns an exploration property near Tucuma, Para State,

Brazil

that is currently

under option to Ero Copper Corp.

On behalf of the Board of Directors

"Javier Cordova Unda"

Chief Executive Officer and President

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 release.

All statements, analysis and other information contained in this press release about anticipated

future events or results constitute forward-looking statements. Forward-looking statements are

often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan",

"estimate", "expect" and "intend" and statements that an event or result "may", "will", "should",

"could" or "might" occur or be achieved and other similar expressions. Forward-looking statements

are subject to business and economic risks and uncertainties and other factors that could cause

actual results of operations to differ materially from those contained in the forward-looking

statements. Forward-looking statements are based on estimates and opinions of management at the

date the statements are made. The Company does not undertake any obligation to update forward-

looking statements even if circumstances or management's estimates or opinions should change

except as required by applicable laws. Investors should not place undue reliance on forward-looking

statements.

SOURCE

Soma Gold Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/February2023/16/c1358.html

%SEDAR: 00030511E

For further information:

please contact Andrea Laird, telephone: +1-604-259-0302

CO: Soma Gold Corp.

CNW 18:59e 16-FEB-23