OROCO CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

Executive Summary

• Oroco Resource Corp. closed the initial tranche of its non‑brokered private placement, raising US$1,530,999 from the sale of 7,654,995 units at US$0.20 per unit.
• Each unit consists of one common share and half a warrant (full warrant allows purchase of one share at US$0.30 for 24 months).
• Proceeds are earmarked to advance the Santo Tomas Project toward its Pre‑Feasibility Study and for general corporate purposes.

Key Details

• Units sold: 7,654,995 (each = 1 common share + ½ warrant)
• Price per unit: US$0.20 → Gross proceeds: US$1,530,999
• Warrant terms: One whole warrant (two half‑warrants) gives the holder the right to buy one share at US$0.30 for a period of 24 months from closing.
• Investor composition: Subscribed primarily by Mexico‑based investors, including newly appointed independent director Faysal Rodriguez (5 million units) and two additional strategic Mexican investors.
• Use of proceeds:
• Advance the Santo Tomas Project toward a Pre‑Feasibility Study.
• General corporate purposes.
• Regulatory notes: Closing conducted under prospectus exemptions; subject to final acceptance by the TSX Venture Exchange. Shares and any shares issued upon warrant exercise are subject to a hold period expiring on 2026-03-06.
• Related‑party transaction: Participation of Director Faysal Rodriguez qualifies as a related‑party transaction under NI 61‑101; exemption from formal valuation and minority‑shareholder approval applied because the fair market value does not exceed 25 % of market capitalization.

Notable Quotes

“We appreciate the considerable impact Faysal Rodriguez continues to have on Oroco… Their support reflects a growing recognition within Mexico’s business community of the importance of the Santo Tomas Project…” – Craig Dalziel, Chairman

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