OROCO CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Core Insights - Oroco Resource Corp. has successfully closed the second tranche of its non-brokered private placement, issuing 2,500,000 units at a price of US$0.20 per unit, resulting in gross proceeds of US$500,000 [1][2] - The total gross proceeds from both tranches amount to US$2,030,999, with a total of 10,154,995 units issued [1][2] - The funds raised will support the Phase 2 drill program at the Santo Tomas Project, aimed at advancing towards a Pre-Feasibility Study [2] Company 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 Santo Tomas Project is located in northwestern Mexico and is known for significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [3] - The company has conducted a Phase 1 drill program since 2021, totaling 48,481 meters drilled across 76 diamond drill holes [3][4] Project Details - The Santo Tomas Project is strategically located 170 km from the Pacific deep-water port at Topolobampo, with access via highway and rail [5] - The project area is serviced by infrastructure including power lines and natural gas, enhancing its logistical advantages [5]