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AORO.V ·

Aloro Announces Cancellation of Private Placement

Financings

April 21, 2020 TSX.V V Symbol AORO F FRANKFU URT Symbo ol 4LPP

ALOR RO ANNO OUNCES CANCEL LLATION N OF PRI IVATE PL LACEMEN NT

ALORO M MINING C

CORP. – ( (the “Com mpany”) an nnounces t that, due t to the CO OVID-19 pandemic a and the ma arket condit tions, it wil ll not be pro oceeding w with the non n-brokered private placement announced d on April 6 6, 2020.

About Alo oro Mining Corp.

Aloro controls the 319 99 -hectare Los Venad dos Project ( (LV) which h is located in the cent tral part of the Mula atos Gold D District and d is directly adjacent to

  • the active e Mulatos o open pit of A Alamos

Gold Inc. to the south

h. The weste ern border is shared w with Agnico

  • Eagle Min nes Limited d where

it operates the La Ind dia open pit. The kno own minera alization w within the M Mulatos Di istrict is gold-domin nant, with a accessory s silver and co opper.

ALORO M MINING CO ORP. http://ww ww.alorom mining.com/ m/

Per: “Thom mas A. Doyl le” For furth her informa ation, pleas se Thomas A. Doyle contact:

& CEO Thomas A. Doyle President & Logan A Anderson Phone: (604) 689-57 Email: in nfo@alorom mining.com m

Neither TS SX Venture Exchange nor its R Regulation Serv vices Provider (as that term i is defined in th he policies of th he TSX lease.

Venture E Exchange) accep pts responsibil lity for the ade equacy or accur racy of this rel

rard Street Tel: (604)

1085 - 555 Burr ) 689-5722 P.O. Box 201 Fax: (604)

) 685-9182 Vancouver, BC C V7X 1M8 Email l: info@aloromi ining.com Canada