San Lorenzo Gold Completes $19.9 Million Private Placement

CALGARY — March 5, 2026 — Leads & Copy — San Lorenzo Gold Corp. (TSXV: SLG) has completed its previously announced private placements for aggregate gross proceeds of $19,999,997.41, according to a news release dated today.

The private placements, initially announced Feb. 19 and Feb. 23, consisted of two offerings. The first involved 5,976,095 units at $2.51 each, totaling $14,999,998.45. The second comprised 1,893,939 units at $2.64 each, totaling $4,999,998.96.

Each unit includes one common share of the Corporation and one-half of a share purchase warrant. Each full warrant allows the holder to acquire an additional common share at $3.50 for one year from the issuance date.

In connection with the initial offering, San Lorenzo Gold will pay $709,199.87 in cash compensation and has issued 282,549 broker warrants. Each broker warrant allows the holder to acquire a common share at $2.51 for one year from the issuance date. For the additional offering, the Corporation will pay $236,399.96 in cash compensation and has issued 89,545 broker warrants, each allowing the holder to acquire a common share at $2.64 for one year from the issuance date.

The proceeds from the private placements will fund continued exploration on San Lorenzo’s Salvadora property and for general working capital, including offering expenses. The common shares, warrants, and broker warrants are subject to a four-month and one-day hold period. The offerings are subject to final acceptance by the TSX Venture Exchange.

San Lorenzo is focused on advancing its Salvadora property in Chile’s mega-porphyry belt, with a phase 6 drilling program underway on two of five identified targets. Prior drilling phases on four targets have indicated significant gold and copper enriched epithermal and/or porphyry style systems within the Salvadora property.

Source: San Lorenzo Gold Corp.