• Sonoro Gold Corp. (TSX-V: SGO) (“SGO”, or “Company”) has seen its share price suffer since our initiating report, despite extensive drilling and mineral resource expansion in the interim. We believe that this creates an opportunity for investors to shore up their positions at a lower level, given several potential valuation-altering catalysts in the next 12 months. • Upcoming MRE Highlights the Intrinsic Value of Cerra Caliche: The updated mineral resource estimate (“MRE”) shows significant improvement compared to the previously filed MRE. The average grade of Indicated Resources increased from 0.41 g/t Au to 0.44 g/t Au and Inferred Resources almost doubled from 71,000 Au oz to 140,000 Au oz. We note that, to date, just over 30% of the known mineralized zones within the 1,400-acre property have been drilled and assayed, leaving room for further resource expansion potential. • Multiple near-term catalysts: We expect several triggers over the next six to twelve months which include