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SRS.CN ·

Sorrento Resources Receives Analytical Results FOR TOM Joe Property

Corporate Updates

SORRENTO RESOURCES RECEIVES ANALYTICAL RESULTS FOR TOM

JOE PROPERTY

VANCOUVER, BRITISH COLUMBIA, November 29, 2023–SORRENTO RESOURCES LTD. (the

“Company”) (CSE: “SRS”, OCTQB: “SRSLF”) is pleased to announce that it has received analytical

results from the prospecting and soil sampling program completed on the Tom Joe Property (the

“Property”) in Central Newfoundland.

In total 77 soil samples and 18 grab samples were collected and sent for analysis. The soil samples were

collected over an approximately 400m x 400m spaced grid over the Property, while grab samples were

collected where outcrop or float was present. The objective of the work program was to investigate the

prospectivity of the fold hinges and structures identified in previous work and their potential to host gold

mineralization. Four (4) soil samples returned value above background levels of gold in proximity to the

fold hinge on claim 031300M (Figure 1). Grab samples returned no significant gold results, it should be

noted that outcrop in the area was sparse.

“The results from the soil sampling program on the Tom Joe Property are a starting point for an area

which has seen very little exploration and indicate that the structures identified previously may be

prospective for gold mineralization.” Stated Brayden Sutton, CEO.

All samples were analyzed at AGAT Laboratories in Thunder Bay, ON using Fire Assay (50g) with ICP-

OES finish (202-522) and a multi-element 4 Acid Digest with ICP-OES finish (201-070). AGAT

Laboratories is accredited to ISO/IEC 17025:2017 standards and certified to ISO 9001:2015 standards.

The Company will continue analysis of the field data collected which will be integrated with historical

data sets to determine the next phase of follow-up work on the Property.

The Property is located approximately 22.5km west of Grand Falls-Windsor and consists of three mineral

licenses totaling 92 covering approximately 2,337.25 ha. The mineral licenses are 100% held by Sorrento

Resources Ltd.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Dean

Fraser, P.Geo., a “Qualified Person” as defined in National Instrument 43 -101 – Standards of Disclosure

for Mineral Projects.

Figure 1: Soil Sample locations. BDL = Below Detection Limit

About the Company

The Company is engaged in acquisition, exploration, and development of mineral property assets in

Canada. The Company’s objective is to locate and develop economic precious and base metal properties

of merit including the Wing Pond Property. The Wing Pond Property is located roughly 40 km east-

northeast of Gander, Newfoundland, Canada, in Central Newfoundland.

For more information, visit https://sorrentoresources.ca/.

ON BEHALF OF THE BOARD OF DIRECTORS

Brayden Sutton

President and Chief Executive Officer

[email protected]

604-290-6152

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements

that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecast s,

projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the

anticipated results of the prospecting program at the Peg Property are "forward-looking statements". Forward-looking

statements in this news release include, but are not limited to, statements with respect to the Property and its mineralizati on

potential, the Company’s objectives, goals or future plans with respect to the Property and the timing of results. These forward-

looking statements reflect the expectations or beliefs of the management of the Company based on information currently

available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time

to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ

materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are

cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information

contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or

revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless

so required by applicable securities laws.

The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS

RELEASE.

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