OROCO RESOURCE CORP. PROVIDES FINANCING UPDATE

Core Viewpoint - Oroco Resource Corp. is proceeding with a non-brokered private placement financing of up to 18,000,000 Units at a price of US$0.20 per Unit, aiming for gross proceeds of up to US$3.6 million, with a minimum of US$2.0 million anticipated [1][2] Financing Details - Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole Warrant allowing the purchase of one common share at US$0.30 within 24 months [1] - The financing is designed to attract local strategic investors for the advancement of Oroco's Santo Tomas Project in Northern Sinaloa, Mexico [1][2] - The first tranche of the financing is expected to close early next week, with completion no later than November 13, 2025, subject to regulatory approvals [2] Project Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [3] - The project is located in the Santo Tomas District, near the Jinchuan Group's Bahuerachi Project, and hosts significant copper porphyry mineralization identified through extensive prior exploration [3] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [3][4] Infrastructure and Accessibility - The Santo Tomas Project is situated 170 km from the Pacific deep-water port at Topolobampo, with access via highway and rail, as well as power and natural gas infrastructure [5]