Sorrento awaits drill permits for Bottom Brook

Executive Summary

• Sorrento Resources Ltd. announced that drill permits for its Bottom Brook rare earth element (REE) project in Newfoundland and Labrador are pending, with drilling scheduled to commence in early 2026.
• The planned exploration program involves 1,000 to 2,000 metres of diamond drilling focused on the "Lost Pond" target, utilizing larger diameter HQ core (63.5 mm) compared to historic BQ core (36.5 mm) to facilitate metallurgical testwork.
• The company highlighted historic high-grade REE intercepts and compared the project's monazite-enriched mineralization to major global deposits like Bayan Obo and Steenkampskraal, while noting that no resource estimation has yet been completed.

Key Details

• Drilling Schedule & Scope: Drilling is expected to begin in early 2026, consisting of approximately 1,000 to 2,000 metres of diamond drilling.
• Target Area: Drilling will focus on the Lost Pond target, where high-grade REE mineralization was intersected in historic drilling.
• Core Diameter Change: Sorrento intends to use HQ drill core (approx. 63.5 mm diameter) instead of the historic BQ core (approx. 36.5 mm diameter) to allow for more practical metallurgical testwork.
• Follow-up Activities: Post-drilling activities will include geophysical methods, prospecting, and soil sampling. A target generation exploration program is also planned due to the large size of the property (15,150 hectares) and its relatively unexplored status.
• Historic High-Grade Intercepts (Total Rare Earth Oxide):
  • 4.37% over 5 metres
  • 4.47% over 5.6 metres
  • 8.19% over 2.00 metres
  • 15% over 0.5 metres
  • 11.02% over 1.05 metres
  • 1.269% over 7.5 metres
• Geological Context: Mineralization is characterized by monazite-enriched horizons. The distribution of rare earth oxides is described as almost identical to the Bayan Obo deposit (major global REE reserve) and comparable to the Steenkampskraal deposit in South Africa.
• Disclaimer: Management noted that the presence of resources on other projects does not indicate that Bottom Brook will have similar size or grade, as no resource estimation has been completed.

Notable Quotes

• "We are very excited to announce the companies plans for the Bottom Brook project. We anticipate having drill permits in the very near future and are anxious to get to work with the expectations of drilling high-grade rare earth oxides." — Alex Bugden, PGeo, Director and Qualified Person