San Lorenzo Gold Announces Proposed Private Placement

(TheNewswire)

CALGARY / February 19, 2026 –TheNewswire -  SanLorenzo Gold Corp. ("SanLorenzo" or the "Corporation") (TSXV: SLG) is pleased to advise that itintends to complete a non-brokered private placement of units forgross proceeds of up to $15,000,000 (the “Offering”).

The Offering, to be completed on a best-efforts basis, will involvethe issuance of units (“Units”).  Each Unit will be priced at $2.51 and willconsist of one common share of the Corporation (“Common Share”) and one-half of aCommon Share purchase warrant (“Warrant”).  Each full Warrant will entitle the holder toacquire an additional Common Share at a price of $3.50 for a period ofone year from the date of closing.

San Lorenzo may pay a cash commission or finder'sfee to qualified non-related parties of up to 6% of the gross proceedsof the Offering payable together with warrants representing 6% of theCommon Shares issued in connection with the Offering (“Broker Warrants”).Each Broker Warrant will entitle the holder to purchase one additionalCommon Share of the Company at a price of $2.51 for a period of 12months following closing of the Offering.

The proceeds of the Offering will be used to continueexploration efforts on San Lorenzo’s flagship Salvadora property aswell as for general working capital purposes including the expenses ofthe Offering.

The Common Shares, Warrants and Broker Warrants issuedpursuant to the Offering will be subject to a four month and one dayhold period. The Offering remains subject to the approval of the TSXVenture Exchange.

About San Lorenzo

San Lorenzo is focused on advancing its flagship Salvadora propertylocated in Chile’s mega-porphyry belt.  Results obtained from priordrilling programs conducted on 4 different targets have convincedmanagement that several significant gold and copper enrichedepithermal and porphyry style systems are contained within theSalvadora property.

For further information, pleasecontact:

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.  Such statements include the use of proceeds,obtaining TSX Venture Exchange approval and also involve closing ofthe proposed Offering.  All statements included herein other thanstatements of historical factare forward-looking information. Such forward-looking informationinvolves various risks and uncertainties. There can be no assurancethat such information will prove to be accurate, and actual resultsand future events could differ materially from those anticipated insuch information. Any forward-looking statements are made as of thedate of this release and, other than as required by applicablesecurities laws, San Lorenzo does not assume any obligation to updateor revise them to reflect new events or circumstances.

Copyright (c) 2026 TheNewswire - All rights reserved.