Sorrento Resources Announces Visible Gold Intersected in the First Drill Hole at the Rodgers Cove Gold Project

Executive Summary

• Visible gold was intersected in the first drill hole (RC26‑001) at the Rodgers Cove Gold Project, marking a significant early milestone for Sorrento Resources.
• The company announced a correction to its recent private placement, confirming $45,000 in finder’s fees paid and detailing the issuance of 180,000 broker warrants.
• Drilling is proceeding on schedule with a second hole slated for completion by Thursday morning.

Key Details

• Drill Hole RC26‑001: Visible fine‑ to medium‑grained gold observed at a downhole depth of 66.77 m within quartz diorite; also intersected abundant sulphide mineralization (≈1–10%) including arsenopyrite, pyrite, boulangerite, chalcopyrite, and pyrrhotite.
• Drilling Progress: Second drill hole expected to be completed by Thursday morning, indicating drilling is on schedule.
• Private Placement Correction:
• Original placement: 7,500,000 units at CDN $0.25 per unit for gross proceeds of CDN $1,875,000 (announced March 2, 2026).
• Finder’s fees actually paid: $45,000.
• Broker Warrants issued: 180,000 non‑transferable warrants, each exercisable for one common share at $0.35 per share, valid for 24 months and expiring March 2, 2028.
• Management Commentary: President & CEO Alex Bugden highlighted the visible gold as an encouraging early indicator of potential mineralization at Rodgers Cove.
• Qualified Person: Alex Bugden, P.Geo., reviewed and approved all technical information in accordance with NI 43‑101.

Notable Quotes

“Intersecting visible gold in the first drill hole at Rodgers Cove represents a significant milestone for Sorrento,” said Alex Bugden, President and CEO. “These early observations reinforce our belief that Rodgers Cove has the potential to host a meaningful gold system.”