Sorrento Resources Receives Permit to Drill Rodgers Cove Gold Project

Rhea-AI Summary

Sorrento Resources (OTCQB: SRSLF; CSE: SSRS) received the required permit to begin drilling at its Rodgers Cove Gold Project in Newfoundland and Labrador on February 5, 2026. The company plans to mobilize the drill rig from its Bottom Brook Project once that program completes. The upcoming campaign targets approximately 1,500–2,000 metres of diamond drilling to test priority targets and advance the project.

Management said the permit clears the way to start a focused drill program promptly after Bottom Brook is finished.

Positive

• Regulatory permit secured to begin drilling at Rodgers Cove
• Planned diamond drilling of 1,500–2,000 metres to test priority targets
• Immediate rig mobilization from Bottom Brook to accelerate operations

Negative

• Start of Rodgers Cove drilling is contingent on completion of Bottom Brook program
• Planned program size (~1,500–2,000 m) may limit scope of target coverage

Vancouver, British Columbia--(Newsfile Corp. - February 5, 2026) - Sorrento Resources Ltd. (CSE: SSRS) (OTCQB: SRSLF) (the "Company" or "Sorrento"), a Canadian exploration company focused on mineral opportunities in Atlantic Canada, is pleased to announce it has received the permit required to begin drilling at its Rodgers Cove Gold Project in Newfoundland and Labrador.

With the permit now in hand, Sorrento plans to move quickly. The drill rig currently operating at the Company's Bottom Brook Project will be mobilized to Rodgers Cove immediately following the completion of the Bottom Brook drilling program. The upcoming campaign is expected to include approximately 1,500 to 2,000 metres of diamond drilling designed to test priority targets and advance the project.

Management Commentary
"Receiving this permit clears the way for us to get drills turning at Rodgers Cove," said Alex Bugden, President and Chief Executive Officer of Sorrento. "We are excited to build on our exploration momentum and move straight into a focused drill program as soon as Bottom Brook is completed."

About Sorrento Resources Ltd.
Sorrento is engaged in acquisition, exploration, and development of mineral property assets in Canada. Sorrento's objective is to locate and develop economic precious and rare earth element, gold, and base metal properties of merit including the Bottom Brook Project, Rodgers Cove Gold, and Harmsworth (VMS) project all located in Newfoundland.

On Behalf of The Board of Directors,

SORRENTO RESOURCES LTD.

"Signed"

Alex Bugden
President, Chief Executive Officer, and Qualified Person
investors@sorrentoresources.ca
709-693-4088

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are "forward-looking statements". Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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/282746

FAQ

What permit did Sorrento Resources (SRSLF) receive for Rodgers Cove on February 5, 2026?

Sorrento Resources received the drilling permit required to begin diamond drilling at Rodgers Cove. According to Sorrento Resources, this permit authorizes mobilization of a drill rig to start an approximate 1,500–2,000 metre program testing priority targets.

How many metres of drilling does Sorrento plan at Rodgers Cove and what is the purpose?

The company plans approximately 1,500–2,000 metres of diamond drilling at Rodgers Cove to test priority targets. According to Sorrento Resources, the program is designed to advance the project by evaluating key mineralized zones identified during exploration.

When will the Rodgers Cove drill rig be mobilized for SRSLF drilling operations?

The drill rig will be moved to Rodgers Cove immediately after the Bottom Brook drilling program finishes. According to Sorrento Resources, mobilization timing depends on completion of the Bottom Brook campaign and will follow directly thereafter.

Does the February 5, 2026 permit mean Rodgers Cove drilling will start immediately for SRSLF?

Not immediately; drilling is planned to commence after Bottom Brook is completed and the rig is mobilized. According to Sorrento Resources, the permit clears regulatory hurdles so drilling can proceed once logistics and current program wrap up.