20200102_Agnico_Eagle_Purchases_Chipriona_Royalty

VANCOUVER, Canada, January 2, 2020, Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” or the “Company”), announces receipt of proceeds of $875,000 by Sonoro’s subsidiary, Minera Mar de Plata, S.A. de C.V., from the sale to Agnico Sonoro, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited (“Agnico”), of the 1% Net Smelter Returns royalty (the “Royalty”) on the Chipriona property located in the Mulatos Mining District in Sonora, Mexico. The Royalty originated from the sale of the Chipriona property to Agnico in December 2016 for $4,000,000 plus the Royalty. Concurrent with the sale of the Chipriona property, Agnico was granted an option to purchase the Royalty at any time for $1.5 million.