SOMA GOLD Reports Q2 GOLD Production of 8,897 AuEq Ounces

SOMA GOLD REPORTS Q2 GOLD

PRODUCTION OF 8,897 AuEq OUNCES

VANCOUVER, BC

,

July 5, 2023

/CNW/ -

Soma Gold Corp.

(TSXV: SOMA) (WKN: A2P4DU) (OTC:

SMAGF) (the "

Company

" or "

Soma

") is pleased to announce that the Company produced 8,897

AuEq ounces during the second quarter ended

June 30

,

2023. Production exceeded the planned

8,450 ounces by 5%.

Javier Cordova

, Soma's President and CEO, states, "The team managing the Cordero Mine

continues to surpass planned production and expects to exceed guidance for the full year. We are

very pleased as our operations at Cordero transition from the construction phase to the optimization

phase."

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/July2023/05/c4874.html

%SEDAR: 00030511E

For further information:

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

CO: Soma Gold Corp.

CNW 06:15e 05-JUL-23