Sonoro Gold Corp. reported the filing of a technical report for the Cerro Caliche gold project (Cerro Caliche) titled “NI 43-101 Technical Report: Mineral Resource Estimate, Cerro Caliche Project, Sonora, Mexico” (the MRE) with an effective date of January 26, 2023. The MRE Report has been prepared by SRK Consulting (U.S.) Inc. (SRK) in accordance with the requirements of National Instrument 43-101 and is based on a total 55,360 meters of drilled data including 498 drill holes, 17 trenches and assays for 53,865 meters of the drilled data, as reported in a news release dated February 7, 2023.

Mineral Resource Estimate Highlights: Indicated Mineral Resources of 19.9 million tonnes (Mt) at 0.44 g/t Au and 3.5 g/t Ag grade; Contains within an optimized pit shell: 280,000 ounces of gold (Au); 2,240,000 ounces of silver (Ag); 290,000 ounces of gold equivalent (AuEq); Inferred Mineral Resources of 10.5 Mt at 0.42 g/t Au and 4.0 g/t Ag grade; Contains within an optimized pit shell: 140,000 ounces of Au; 1,345,000 ounces of Ag; 150,000 ounces of AuEq; 65% of the combined resource tonnage is within the Indicated category; Amenable to a combination of open pit mining and heap leach extraction. Mineral Resource Estimate: This updated MRE Report for Cerro Caliche is based on data with a cut-off date of January 4, 2023 and is reported with an effective date of January 26, 2023.