SONORO GOLD PROVIDES CORPORATE UPDATE

Executive Summary

• Sonoro Gold Corp. will commission an updated PEA for its flagship Cerro Caliche gold project, expected Q1 2026, reflecting higher gold price assumptions and revised mine plan aligned with recent Environmental Impact Statement updates.
• The company is evaluating a strategic reorganization that could spin out the San Marcial gold‑silver project into a new wholly‑owned subsidiary, Oronos Gold Corp., with results of the review anticipated by year‑end 2025.
• Surface rights for Cerro Caliche have been secured over the entire 5,007‑hectare Cerro Prieto Ranch effective September 1 2028, supporting future mining and exploration activities.

Key Details

• Updated PEA Timeline: Completion targeted for Q1 2026.
• PEA Scope: Based on 55,360 m of drilling and trenching covering ~30 % of identified mineralized zones; will incorporate higher gold price (>$1,800/oz) plus increased capital & operating cost estimates.
• Current PEA (Aug 2023): Assumes 9‑year mine life, 12,000 t/d throughput, gold price $1,800/oz.
• Environmental Alignment: Revised mine plan to match updates to the project’s Environmental Impact Statement (MIA).
• Surface Rights Agreement (July 2025): Secured 100 % of surface rights for Cerro Caliche concessions; expansion to full 5,007 ha Cerro Prieto Ranch effective 1 Sept 2028.
• Future Drilling: Planned campaigns will target the remaining 70 % of the concession where limited drilling has identified mineralization in northwest‑trending vein structures, aiming to expand resources and extend mine life.
• Strategic Review – San Marcial Project: Management considering spin‑out into Oronos Gold Corp.; shareholders would hold shares in both Sonoro (Cerro Caliche focus) and Oronos (San Marcial focus).
• Spin‑out Timeline: Anticipated announcement of strategic review results by end of 2025.
• San Marcial Overview: Four contiguous mining concessions acquired in 2014; historic drilling from the 1980s‑1990s; recent mapping and soil sampling identified anomalous gold‑silver zones; potential for large mineralization warrants a large‑grid drill program.

Notable Quotes

“The updated PEA will reflect our commitment to delivering a robust, economically viable development plan that aligns with the highest social and environmental standards,” – Kenneth MacLeod, President & CEO.

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.