OROCO ANNOUNCES PRIVATE PLACEMENT FUNDING

_ Oroco

VANCOUVER, Canada — (December 9, 2020) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that it has closed a non-brokered private placement of 12,900,000 units at a price of $1.20 per unit (each, a “Unit”), for gross proceeds of $15,480,000 (the “Financing”).  Each Unit consists of one common share and one-half of one common share purchase warrant.  Each whole share purchase warrant will be exercisable into one additional common share of Oroco for a period of 24 months from closing at a price of $1.60 per share.

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