San Lorenzo Gold Announces Closing of $20 Million Private Placements

(TheNewswire)

CALGARY – TheNewswire - March 5, 2026 - San Lorenzo GoldCorp. ("San Lorenzo"or the "Corporation") (TSXV: SLG) is pleased to advise, furtherto its news releases dated February 19 and February 23, 2026, that ithas completed its previously announced private placements foraggregate gross proceeds of $19,999,997.41.

The private placements consisted of (i) 5,976,095 units at a price of$2.51 per unit (the “$2.51Units”) for gross proceeds of $14,999,998.45(the "InitialOffering"), and (ii) 1,893,939 units at aprice of $2.64 per unit (the “$2.64 Units” and together, the"Units"), for additional gross proceeds of $4,999,998.96 (the"AdditionalOffering").  

Each Unit is comprised of one common share of the Corporation(“Common Share”) and onehalf of a share purchase warrant (“Warrant”). Each full Warrant entitles the holder to acquirean additional Common Share at a price of $3.50 for a period of one (1)year from the date of issuance.

In connection with the Initial Offering, the Corporation will pay cashcompensation totaling $709,199.87 and has issued 282,549 broker warrants (“Initial Offering BrokerWarrants”). Each Initial Offering Broker Warrant entitles theholder to acquire a Common Share at a price of $2.51 for a period ofone (1) year from the date of issuance. In connection with theAdditional Offering, the Corporation will pay cash compensationtotaling $236,399.96 and has issued 89,545broker warrants (“AdditionalOffering Broker Warrants”). Each Additional Offering Broker Warrant entitles the holderto acquire a Common Share at a price of $2.64 for a period of one (1)year from the date of issuance.

The proceeds will be used to continue exploration efforts on SanLorenzo’s flagship Salvadora property as well as for general workingcapital purposes including the expenses of the Offerings.  The CommonShares, Warrants and Broker Warrants are subject to a four-month andone-day hold period, and the Offerings remains subject to the finalacceptance of the TSX Venture Exchange (the “Exchange”).

About San Lorenzo

San Lorenzo is focused on advancing its flagship Salvadora propertylocated in Chile’s mega-porphyry belt with a phase 6 drillingprogram currently underway on 2 of 5 targets identified at Salvadora. Results obtained from prior phases of drilling - conducted on 4different targets so far - have convinced management that severalsignificant gold and copper enriched epithermal and/or porphyry stylesystems are contained within the Salvadora property.

For further information, pleasecontact:

Terence (Terry) Walker, VP Exploration 

Email: twalker@goldenrock.cl

Ph: + 56 9 5179 5902

Or:

Roger Blair or Jeff Wilson, Acuity Advisory Corp.

Email: info@acuityadvisorycorp.com

Ph: +1 604 351 0025 or +1 604 837 5440

Or:

Al Kroontje

Email: al@slgold.ca

Ph: +1 403 607 4009

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.

Cautionary Note RegardingForward-Looking Information

This news release may containforward-looking information that involves substantial known andunknown risks and uncertainties, most of which are beyond the controlof San Lorenzo, including statements related to the use of proceedsand approval of the Exchange to the Offerings.  All statementsincluded herein other than statements of historical fact areforward-looking information. Such forward-looking information involvesvarious risks and uncertainties. There can be no assurance that suchinformation will prove to be accurate, and actual results and futureevents could differ materially from those anticipated in suchinformation. Any forward-looking statements are made as of the date ofthis release and, other than as required by applicable securitieslaws, San Lorenzo does not assume any obligation to update or revisethem to reflect new events or circumstances.

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