VANCOUVER, Canada, February 20, 2024 – Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche”) of its previously announced C$1,000,000 non-brokered private placement (the “Offering”) by issuing 11,028,429 units (the “Units”) at a price of C$0.05 per Unit, for gross proceeds of C$551,421.

Each Unit consists of one Sonoro common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional Sonoro common share for a period of three years from the closing of the private placement at an exercise price of C$0.07 per share.

The net proceeds from the Offering will be used to fund the ongoing development of the Company’s Cerro Caliche gold project in Sonora, Mexico.

All securities issued and issuable in connection with the First Tranche are subject to a 4-month plus one day hold period ending June 17, 2024. The Offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final acceptance from the TSX Venture Exchange.