SONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $4 MILLION PRIVATE PLACEMENT

Core Points - Sonoro Gold Corp. has successfully closed an oversubscribed private placement of 20,500,000 units at CAD $0.20 per unit, raising gross proceeds of CAD $4,100,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at CAD $0.28 for three years [1] - Insiders subscribed for 2,007,297 units, raising gross proceeds of CAD $401,459.40, qualifying as a related party transaction [3] Use of Proceeds - The net proceeds will primarily fund the ongoing development of the Cerro Caliche gold project in Sonora, Mexico, including an updated Preliminary Economic Assessment and final payment under the Rosario option agreement [4] - Funds will also be allocated for the Change of Land Use payment, necessary for mining operations in Mexico [4] - Additionally, the company plans to allocate funds for the proposed spin-off of the San Marcial gold-silver project into its wholly owned subsidiary, Oronos Gold Corp. [5] Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [6] - The company has a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [6]