EXPLORATION COMMENCES AT SALVADORA

SAN LORENZO COMMENCES EXPLORATION ON IT’S 100% OWNED LARGE SCALE COPPER- GOLD PORPHYRY SALVADORA PROJECT, CHILE

Calgary, Alberta, May 12, 2021:

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San Lorenzo Gold Corp. ("San Lorenzo" or the "Company") (TSXV - SLG) announces that exploration has commenced on its 100% owned Salvadora Copper – Gold Project (“Salvadora”) located in Chile. The Company is conducting a property wide magnetometer (“MAG”) survey, the first time MAG has been done at Salvadora, and will consist of approximately 260 line kilometres. The 100% owned Salvadora Project is 8,796 hectares and is geologically situated in one of the productive copper belts in Chile and is approximately 15 km from the world class El Salvador open pit copper-gold mine (see Figure 1).

The commencement of exploration work by San Lorenzo is a key milestone for the Company as it marks the beginning of San Lorenzo’s own work on Salvadora that will ultimately lead to a large diamond drill programme on what is one of Chile’s most prospective large scale copper – gold porphyry systems. Following the MAG survey San Lorenzo will be conducting an Induced Polarization geophysical survey to following up on positive results from previous limited sized IP surveys. The MAG survey will be used to outline structures and phases of intrusive activity. The MAG survey started in the central zone (see Figure 2) where previous exploration has outlined favourable geology, alteration and copper mineralization consistent with copper – gold porphyry systems.

For the full Press Relases, click the link below:

https://www.sanlorenzogold.com/wp-content/uploads/2021/05/Exploration-Commences-at-Salvadora-Copper-Gold-Project.pdf

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