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Oroco Adds To Cerro Prieto Project


January 17, 2012

VANCOUVER, British Columbia – (January 17, 2012) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce the acquisition of three separate mineral concessions, Elba, Huerto de Oro and Reyna de Plata. These concessions will provide additional exploration targets to Oroco’s Cerro Prieto Project.

The 5.82 ha Elba concession is located within the existing concessions which make up the Cerro Prieto Project, immediately to the south of and on strike from the current delineated resource.  The Elba concession hosts approximately 250 meters of strike length of the main mineralized structure, over which surface sampling of the exposed mineralized zone returned highly anomalous results including 2.36 g/t Au and 28.0 g/t Ag over 4.7 meters and 1.78 g/t Au and 250.0 g/t Ag over 1.1 meters (see news release of March 7, 2010 – sections 25S to 250S). Reconnaissance mapping and surface sampling of the property indicate that the structure hosts mineralized zones of economically significant grade. Exploration drilling will take place on the Elba concession as part of the drill program currently underway.

The 20 ha Huerto de Oro and 9.79  ha Reyna de Plata mineral concessions are located approximately four kilometers east of Cerro Prieto.  Maps published by Servicio Geologico Mexicano (Mexican Geological Survey), indicate that the concessions host numerous mineralized vein structures and four historic mining operations.  The concessions contain structurally controlled zones of gold and silver mineralization hosted by diorite, granodiorite, siltstone and arenite.  Numerous small scale artisanal mines and surface cuts are also reported in the region.  The Company intends to conduct a reconnaissance exploration program on these concessions during 2012. Total consideration for the three concessions was $875,000 pesos (approximately CDN$66,000).

Locations of the Elba, Huerto de Oro and Reyna de Plata concessions on the Oroco website at
www.orocoresourcecorp.com/projects-Cerro-Prieto-Project-Maps-and-Sections.html.

Qualified Person 
Kenneth R. Thorsen, B.Sc., P. Geo., is a director of the company and is a ‘qualified person’ for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators.  He has verified the data (including sampling, analytical and test data) and prepared or supervised the preparation of the information contained in this news release.

About Oroco 
Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold-bearing oxide zones of its Cerro Prieto Project.  The Cerro Prieto Project consists of a group of greater than 7,000 ha of 100% owned concessions in northern Sonora State, Mexico.

For further information, please contact:
Mr. Craig Dalziel, President and CEO

Oroco Resource Corp.
Tel: 604-688-6200

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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These historical resource estimate models are based upon historical resource estimates prepared by John Thornton in 2011. While, in the opinion of Dane A. Bridge, author of the revised NI 43-101 standard technical report, Geology, Mineralization and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit, Sinaloa, Mexico dated April 21, 2020 (the “Report”), reliable estimation practices were used, in order to upgrade or verify the historical estimations, resampling and assay of historical drill samples, twinning of historical drill holes, and a new program of regularly spaced drilling is required. No qualified person has undertaken sufficient work to classify the current mineral resources or mineral reserves upon which these models are based and the Company is not treating the estimates as current estimates of the mineral resources. The Company gives no assurance that either these models or the historical resource estimates upon which they are based are accurate, and does not undertake any obligation to update the models or to release publicly any update or revisions of the resource estimates except as required by applicable securities law. The reader is cautioned not to rely upon these models or the historical resource estimates upon which they are based.

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