Sonoro Energy Commences Drilling Preperation for Alberta Well with Proceeds from Twelve Cent Warrant Exercise

14:00 Uhr  |  The Newswire

This press release is not to be disseminated in the United States

April 30 - Calgary, Alberta - Sonoro Energy Ltd. ("Sonoro" or the "Company": TSX: Venture: SNV) is pleased to announce that it has commenced drilling preparations for the Company's first operated well in Southern Alberta under the terms of its previously announced Farm-In Agreement (the "Agreement") with Badlands Resources Ltd.

The project will be funded with proceeds raised via the exercise of the Company's outstanding twelve ($0.12) cent warrants. Sonoro has approximately 27.5 million 12 cent warrants outstanding for proceeds of approximately $3.3 million if fully exercised. The Company has received sufficient proceeds to drill the well and a further commitment to complete the well via the exercise of these warrants. Such proceeds from the 12 cent warrant exercise currently total approximately $2 million. The Board of Directors and Management are all participating in the exercise of the said warrants.

Under the Farmin Agreement, Sonoro will earn a 100% participation interest in a 2,240-acre land package by drilling the exploratory well. The acreage encompasses several high-potential geological features within the Paleozoic section which have been delineated and mapped using advanced 3D seismic imaging. The targeted formation lies at depths ranging from approximately 1,100 to 1,300 meters which is characteristic of proven production of high-quality oil in the region.

Also under the Badlands' Agreement, Sonoro has an option to earn a 100% participation interest in an additional 3,200 acres in the vicinity of the first well by committing to a second well. If exercised, the Company's drilling portfolio will consist of approximately 20 prospective features. A successful discovery in the first well would materially de-risk this sizable prospect inventory, providing material follow-up potential and positioning Sonoro for significant, scalable play assessment holding several million barrels of oil potential.

This drilling campaign marks Sonoro's inaugural exploration initiative in Alberta and represents a key step in the Company's strategy to build its asset base and unlock value from underexplored, high-potential oil-bearing formations in southern Alberta.

Forward-looking Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "estimates," "seeks" and similar expressions. In particular, without limiting the generality of the foregoing, this news release contains forward-looking information regarding: the ability of the parties to negotiate satisfactory terms for, and to execute, the Definitive Agreement; the satisfaction of all conditions precedent to the completion of the Proposed Transaction, including receipt of TSX Venture Exchange, regulatory and shareholder approvals; the Company's ability to continue as a going concern, general business, economic, competitive, political, and social uncertainties; delay or failure to receive applicable approvals; and the results of operations.

Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of resource and reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, changes in legislation including but not limited to income tax, environmental laws and regulatory matters, the effectiveness of the technology to be employed by the Company, the Company's ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.

Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Additional information on these and other factors that could affect Sonoro's operations or financial results are included in Sonoro's reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca) or by contacting Sonoro. The forward-looking statements contained in this news release are made as of the date of this news release and Sonoro does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

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

For further information, please contact the company at:

On behalf of the Board of Directors

of Sonoro Energy Ltd.

Dean Callaway, CFO and Director

info@sonoroenergy.com

+1.403.262.3252

Copyright (c) 2025 TheNewswire - All rights reserved.