OROCO CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Executive Summary

• Oroco Resource Corp. closed the second tranche of its non‑brokered private placement, issuing 2,500,000 units at US $0.20 per unit for gross proceeds of US $500,000.
• The financing supports the upcoming Phase 2 drill program at the Santo Tomas Project (early 2026) and moves the project toward a Pre‑Feasibility Study.
• Units consist of one common share plus one half of a common‑share purchase warrant; each whole warrant allows purchase of one share at US $0.30 for 24 months after closing, with a hold period expiring 14 Mar 2026.

Key Details

• Units Issued (Second Tranche): 2,500,000 units @ US $0.20 per unit → US $500,000 gross proceeds.
• Unit Composition: 1 common share + ½ common‑share purchase warrant.
• Warrant Terms: Whole warrant exercisable at US $0.30 per share; valid for 24 months from closing.
• Aggregate Issuance (Both Tranches): 10,154,995 units → US $2,030,999 gross proceeds.
• Use of Proceeds: Advance Santo Tomas Project toward a Pre‑Feasibility Study and general corporate purposes.
• Hold Period: Shares (and any shares issued upon warrant exercise) subject to a hold period expiring 14 Mar 2026.
• Closing Conditions: Conducted under prospectus exemptions; pending final acceptance by the TSX Venture Exchange.
• Strategic Context: Funding is the first step of an overall financing initiative aimed at supporting Phase 2 drilling slated for early 2026, targeting local Mexican investors integral to project advancement.

Notable Quotes

“It is important for Oroco supporters to understand that this financing is only the first step in an overall funding initiative intended to support the commencement of the Phase 2 drill program at Santo Tomas in early 2026… We sincerely appreciate the local interest that their investment represents.” – Craig Dalziel, Chairman

All forward‑looking statements are subject to risks and uncertainties; actual results may differ.