CERRO CALICHE EXPANSION HIGHLIGHTS
Sonoro acquired additional ten (10) mineral concessions along strike and adjacent to the northern and southern boundaries of the Company’s Cerro Caliche gold project in Sonora, Mexico.
· Total consideration is USD $4.0 million to be paid in installments four years.
· Payments will be monthly for year one and bi-annual for years two to four.
· No shares issued and no Royalty granted on the concessions
· Project now expanded to twenty-five (25) concessions covering a total area of 3,924.26 hectares.
· Acquisition was critical for future growth of the project ensuring the Company could expand resource and extend LOM
· Company has acquired historical geological data from prior exploration programs completed at Cerro Caliche as well as from several of the newly acquired concessions.
· Review of historical geological data indicates comparable geological characteristics and grades as well as potential extensions in depth
· Geology team believes the new claims overlay the continuation of the property’s northern and southern mineral corridors as well as hosting several new prospective areas
· Priority remains getting Cerro Caliche into production based on current resource and using revenues to fund exploration and expansion.
· This was a strategic move to position Cerro Caliche as one of the most lucrative plays in the region.
January 14, 2026