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SRS.CN ·

Sorrento to commence trading on OTCQB

Listings & Exchange

SORRENTO RESOURCES LTD.

NEWS RELEASE

SORRENTO RESOURCES COMMENCES TRADING ON OTCQB UNDER

THE SYMBOL SRSLF

.

VANCOUVER, BRITISH COLUMBIA, June 15, 2023 – SORRENTO RESOURCES LTD. (the

“Company”) (CSE: “SRS”) is pleased to announce that its common shares will begin trading on the OTCQB

under the symbol "SRSLF" as of the opening of the market on June 16, 2023.

In conjunction with the new OTCQB listing, the Company has also applied and is awaiting approval from

the Depository Trust Company to make the Company’s common shares eligible to clear electronically and

settle through DTC. This approval would further facilitate trading in the United States.

Operated by OTC Markets, the OTCQB offers transparent trading in entrepreneurial and development stage

companies that have met a minimum bid price test, are current in their financial reporting, and have

undergone an annual verification and management certification process. The OTCQB is recognized by the

United States (“US”) Securities and Exchange Commission as an established public market providing public

information for analysis and value of securities. These standards provide a strong baseline of transparency,

as well as the technology and regulations to improve the trading experience for investors.

Investors or other interested parties in the US can obtain real-time quotes for Sorrento Resources Ltd. as well

as access its most current news and other information at www.otcmarkets.com . The Company’s common

shares will continue to trade on the Canadian Securities Exchange under the symbol “SRS”.

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

and to conduct its exploration program on 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 R. Sutton

President and Chief Executive Officer

(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, forecasts, projections,

objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Project acquisition bringing

a low-risk opportunity to drive significant value to the Company , the Company building a portfolio of strong properties that will

continue to deliver shareholder value and the Company continuing to build a robust and diverse critical minerals portfolio of projects

are "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements with

respect to the Project and its mineralization potential; the Company’s objectives, goals or future plans with respect to the Project; the

commencement of drilling or exploration programs in the future and their expected completion dates . These forward-looking

statements reflect the expectations or beliefs of 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 material ly 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 th is 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.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation

Services Provider (as that term is defined in the policies of the CSE) accepts

responsibility for the adequacy or accuracy of this release.