Sonoro Gold Corp. announced a non-brokered private placement consisting of up to 30,000,000 units at an issue price of CAD 0.10 per unit for gross proceeds of up to CAD 3,000,000 on May 3, 2023. Each Unit will be composed of one common share and one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one additional common share for a period of two years from the closing of the private placement at an exercise price of CAD 0.15 per share. All securities issued and issuable in connection with the Offering will be subject to a 4-month hold period in Canada from the closing date. The Offering is subject to TSX Venture Exchange acceptance.

The Company intends to pay finder's fees, as permitted under the policies of the TSX Venture Exchange in respect of units placed with the assistance of registered securities dealers.