SAN LORENZO CONTRACTS DRILLING COMPANY FOR DIAMOND DRILLING PROGRAM AT ITS WHOLLY OWNED LARGE-SCALE COPPER-GOLD PORPHYRY PROJECT, SALVADORA, CHILE

Calgary – San Lorenzo Gold Corp. (“San Lorenzo” or the “Company”) (TSXV – SLG, OTCQB – SNLGF) announces that it has obtained a diamond drill rig and has contracted Big Bear Drilling SPA from La Serena, Chile conduct the Company’s planned full-scale diamond drilling program Copper – Salvadora Gold Porphyry Project.

The Company announced in December 2021 that it had received an official notification of acceptance from the National Geology and Mining Service of Chile (SERNAGEOMIN) to carry out drilling in Salvadora, located approximately 15 km from the world class El Salvador copper-gold mine.

Upcoming drilling, which is expected to begin in late February, will focus on the CMZ zone which is approximately eight square kilometers of intense alteration coinciding with high copper grade in soils and a strong induced polarization (IP) chargeability anomaly. ).

On San Lorenzo Gold Corp.

Gold of San Lorenzo is dedicated to the exploration and development of mineral properties. The Company currently has three wholly owned properties in Chile: Salvadora, Nancagua and Punta Alta. The Salvadora property is being explored for large-scale copper-gold porphyry targets and high-grade gold-silver-copper epithermal vein systems, Nancagua is a high-grade gold-silver mesothermal property, and Punta Alta is a copper-gold porphyry property with vein-style copper-gold-silver-cobalt dissemination and mineralization.

Contact:

Ken Booth

Email: [email protected]

Caution Regarding Forward-Looking Information

This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond San Lorenzo’s control. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. All forward-looking statements are made as of the date of this release and, except as required by applicable securities laws, San Lorenzo undertakes no obligation to update or revise them to reflect new events or circumstances. .