Oroco Issues Incentive Options

Core Insights - Oroco Resource Corp. has granted 7,050,000 incentive stock options to its directors, officers, employees, and consultants at an exercise price of $0.85 per share, subject to TSX Venture Exchange approval [1] - The company aims to initiate its Phase 2 drill program at the Santo Tomas Project and continue work on a Pre-Feasibility Study following a recent financing led by Canaccord Genuity [2] - The Santo Tomas Project encompasses a total area of 9,034 hectares, with the company holding an 87% interest in the Core Concessions and an 80% interest in surrounding mineral concessions [3] Company Developments - The total outstanding incentive options now amount to 14,185,000, representing 4.4% of the currently issued shares of Oroco [1] - The Phase 1 drill program conducted by Oroco from 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [3] - A revised Mineral Resource Estimate (MRE) and updated Preliminary Economic Assessment (PEA) were published in August 2024, available on the company's website and SEDAR+ [4] Project Location and Infrastructure - The Santo Tomas Project is located 170 km from the Pacific deep-water port at Topolobampo, accessible via highway and rail, with supporting infrastructure including power lines and natural gas [5]