Vancouver, British Columbia, July 21, 2022 – Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V: RNCH) announces that it has filed a preliminary short form prospectus (the “Prospectus”) with the securities regulatory authorities in each of the Provinces of Alberta, British Columbia, Manitoba, Nova Scotia and Ontario (the “Canadian Jurisdictions”), in connection with a proposed marketed public offering (the “Offering”) of units of the Company (the “Units”) at a price of $0.12 per Unit (the “Offering Price”) for aggregate gross proceeds to the Company of up to $5 million, subject to an over-allotment option as described below.