Sendero Resources Announces Non-brokered Private Placement

VANCOUVER, December 12, 2024 - Sendero Resources Corp. (TSXV:SEND) (the "Company" or "Sendero") is pleased to announce a non-brokered private placement of up to 14,000,000 units of the Company (the "Units") at a price of $0.12 per Unit for aggregate gross proceeds of up to $1,680,000 (the "Private Placement"). Each Unit will consist of one common share (a "Common Share") and one common share purchase warrant (a "Warrant") being exercisable to purchase one Common Share at a price of $0.16 per Common Share for 60 months from the date of issuance.

The private placement is subject to approval of the TSX Venture Exchange ("TSXV"), and all securities issued under the private placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the private placement.

The Company intends to use the net proceeds raised from the private placement to develop its mineral property interests in Argentina, and for general administrative expenses and working capital purposes.

Certain directors and officers of the Company may acquire securities under the private placement. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Sendero Resources Corp.

The Company is focused on copper-gold exploration at its 100% owned Peñas Negras Project in the Vicuña Belt in Argentina. The Peñas Negras Project has similar geological characteristics to other deposits in the Vicuña Belt and a cluster of porphyry and epithermal targets have been identified on the project. The Company, through its wholly owned subsidiary, Barton SAS, is the holder of ten granted mining concessions covering 120 km² in the province of La Rioja, Argentina. The Company also has an option to earn an 80% interest on eight additional granted mining concessions covering 91.7 km² adjacent to the eastern boundary of the Peñas Negras Project.

Further Information

For further information, please contact:
Sendero Resources Corp,
Alex Gostevskikh Chief Executive Officer
Email: info@senderoresources.com

Cautionary Statement on Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Specifically, there is no assurance the Company will be successful in closing the private placement on the terms outlined above, or at all. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Cautionary Statement

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

SOURCE: Sendero Resources