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Wednesday, 08/05/2020 12:51:23 PM

Wednesday, August 05, 2020 12:51:23 PM

Post# of 78

VANCOUVER, Canada, July 31, 2020 – Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF | FRA:
23SP) (“Sonoro” or the “Company”) is pleased to announce that, in response to strong investor
demand, it is increasing its non-brokered private placement first announced on July 23 (the
"Offering") by providing for an overallotment option of up to 60% (13,636,364 Units) over and above
the 22,727,273 Units previously announced. The Offering price remains $0.22 per Unit, each
comprised of one Sonoro Common share and one Common share purchase warrant. Each warrant
will entitle the holder thereof to purchase one additional Sonoro Common share for a period of
three years from the closing at an exercise price of $0.30 per share. The Offering, if fully subscribed,
will yield gross proceeds of $5,000,000, with the potential to add up to $3,000,000 of additional
proceeds under the overallotment option.

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. 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, including the overallotment option, is subject to TSX
Venture Exchange acceptance.

The net proceeds from the Offering will be used principally to fund Sonoro’s previously announced
exploration and development plans at its Cerro Caliche Project located in Sonora, Mexico and project
property maintenance payments, and secondarily for corporate and general administrative expenses.

About Sonoro Metals Corp.

Sonoro is a publicly listed mineral exploration and development company with two exploration stage
precious metal properties in Sonora State, Mexico. The Company’s current principal focus, under
the leadership of its management team, with proven track records for the discovery and
development of natural resource deposits, is the pursuit of a dual-track strategy for its Cerro Caliche
Project – developing a heap leach pilot operation, while continuing an aggressive exploration program
to potentially expand the project’s size.

On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”

Kenneth MacLeod
President & CEO

For further information, please contact:
Sonoro Metals Corp. - Tel: (604) 632-1764