Oroco Receives Approval for Whittle Share Payment

VANCOUVER, Canada, July 29, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (“Oroco” or the “Company”) is pleased to announce that the terms of the Company’s engagement of Whittle Consulting Ltd. (“Whittle”) have received the approval of the TSX Venture Exchange.  As announced on July 2, 2025, Whittle will undertake to provide a Strategic Option Study (the “Study”) for the Company that is intended to optimize the mine plan and guide the pre-feasibility work for the Company’s Santo Tomas porphyry copper project.  Payment terms for the Study work performed include the issuance to Whittle of 1,560,000 common shares of the Company at a deemed value of $0.30 per share (the “Fee Shares”) in partial payment (US$342,000) of the total fees of US$570,000 for the Study.  The Company will also grant to Whittle 780,000 incentive share purchase options (the “Options”), with each Option entitling Whittle to purchase one common share for $0.45 for a period of 36 months.  The Fee Shares are subject to a 4-month trading restriction from the date of issuance.  The Study has commenced with the final report anticipated in October of this year.

Read more at globenewswire.com