TSX-V: OCO.V 0.29 OTCQB: ORRCF 0.2 BF: OR6 0.18

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Oroco Amends Promissory Note Payment Terms


June 1, 2015

VANCOUVER, British Columbia – (June 1, 2015) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company“) announces that it has agreed with Goldgroup Mining Inc. (“Goldgroup”) to amend the payment terms for the $1,000,000 balance of principal remaining owing from the US$1,500,000 promissory note (the “Note“) issued by Goldgroup pursuant to terms of the Cerro Prieto property sale (see the Company’s news release dated September 3, 2013). Goldgroup has issued the Company two promissory notes in replacement of the Note. The first promissory note, in the principal amount of US$250,000, is payable on demand. The second promissory note, in the principal amount of US$750,000, is payable on September 15, 2015. Both notes bear 8% interest, payable monthly in arrears.

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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