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Sonoran Desert Copper Corporation Cuatro Hermanos NI 43-101 Technical Report and Financing

21.11.2023  |  Newsfile

Vancouver, November 21, 2023 - Sonoran Desert Copper Corp. (TSXV: SDCU) ("SDCU'' or the "Company") is pleased to announce that the Cuatro Hermanos Project, NI 43-101 Technical Report produced by Mineoro Explorations LLC ("Mineoro") has been filed on SEDAR+.

Mineoro makes the following conclusions in the Cuatro Hermanos Project, NI 43-101 Technical Report:

Mineoro makes the following recommendations in the Cuatro Hermanos Project, NI 43-101 Technical Report:

The Cuatro Hermanos Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Case Lewis, P.Geo., a Qualified Person (QP) as defined by NI 43-101, has also reviewed, and approved this news release. The complete Cuatro Hermanos Project, NI 43-101 Technical Report can be viewed on SEDAR+.

PRIVATE PLACEMENT FINANCING OF UNITS
Further, the Company will be offering up to 2,500,000 units priced at $0.20 ("Units"), for aggregate gross proceeds of up to $500,000. Each Unit will consist of 1 common share of the Company and 1 common share purchase warrant ("Warrants"), with each Warrant being exercisable for an additional common share at an exercise price of $0.50 for 24 months. The Warrants are subject to the right of the Company to accelerate the exercise period if, after the expiration of the 4-month hold, shares of the Company close at or above $1.00 for 10 consecutive trading days. Finders' fees in accordance with TSX Venture Exchange policies may apply to the Financing and all securities issued will be subject to a statutory four-month hold period. Proceeds from the Financing will be used for general working capital and for the Company's Cuatro Hermanos Project located in Sonora, Mexico.

About Sonoran Desert Copper Corporation
Sonoran Desert Copper Corp. is focused on the development of its Cuatro Hermanos copper / molybdenum porphyry project in Sonora, Mexico (the "4H Project").

On behalf of the Board of Directors of
Sonoran Desert Copper Corp.

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/188224