San Lorenzo Gold Announces First Closing Of Private Placement

(TheNewswire)

CALGARY / December 19,2025 - TheNewswire -San Lorenzo Gold Corp. ("San Lorenzo" or the "Corporation") (TSXV: SLG) is pleased to advise, furtherto its news releases issued on December 11, 2025 and December 15,2025, that it received conditional approval for the non-brokeredbest-efforts private placement of Units of the Corporation from theTSX Venture Exchange on December 18, 2025 and that a first closing(“First Closing”) has beencompleted on December 19, 2025 (“Closing Date”).  The First Closing involved the issuanceof 4,110,226 Units for gross proceeds of $2,548,340.12.  Each Unitwas comprised of one common share of the Corporation (”Common Share”) and one half of apurchase warrant (“Warrant”).  Each full Warrant entitles the holder toacquire an additional Common Share at a price of $0.80 for a period oftwo (2) years from the Closing Date.  The Corporation paid cashcommissions totaling $81,329.95 and issued 131,177 brokers warrants inrespect of the First Closing. Each broker warrant entitles the holderto acquire a Common Share at a price of $0.80 for a period of one (1)year from the Closing Date. The First Closing is subject to finalacceptance of the TSX Venture Exchange.

San Lorenzo has received subscription agreements in excess of theincreased maximum of $5,000,000 announced on December 15, 2025 andanticipates closing on those additional subscriptions in due course.

About San Lorenzo

San Lorenzo is focused on advancing its flagship Salvadora propertylocated in Chile’s mega-porphyry belt.  Results obtained from priordrilling programs conducted on 4 different targets have convincedmanagement that several significant gold and copper enrichedepithermal and porphyry style systems are contained within theSalvadora property.

For further information, pleasecontact:

Terence (Terry) Walker, VP Exploration 

Email: twalker@goldenrock.cl

Ph: + 56 9 5179 5902

Or:

Roger Blair or Jeff Wilson, Acuity Advisory Corp.

Email: info@acuityadvisorycorp.com

Ph: +1 604 351 0025 or +1 604 837 5440

Or:

Al Kroontje

Email: al@slgold.ca

Ph: +1 403 607 4009

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.

Cautionary Note RegardingForward-Looking Information

This news release may containforward-looking information that involves substantial known andunknown risks and uncertainties, most of which are beyond the controlof San Lorenzo, including statements related to the approval of theTSX Venture Exchange to the Offering.  All statements included hereinother than statements of historical fact are forward-lookinginformation. Such forward-looking information involves various risksand uncertainties. There can be no assurance that such informationwill prove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such information. Anyforward-looking statements are made as of the date of this releaseand, other than as required by applicable securities laws, San Lorenzodoes not assume any obligation to update or revise them to reflect newevents or circumstances.

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