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CALGARY, Alberta, May 26, 2023 (GLOBE NEWSWIRE) — Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) (“Bocana” or the “Company“) announces that it has approved a grant of incentive stock options to two consultants of the Company to purchase an aggregate of 700,000 common shares of Bocana (the “Options“), exercisable at price of $0.10 per share, for a period of five years from the issue date. The grant of the Options is subject to the acceptance of the TSX Venture Exchange and are made in accordance with, and subject to, the terms of Bocana’s stock option plan. The Options and any common shares of Bocana issued pursuant to the exercise of the Options, will be subject to statutory hold periods in accordance with securities regulatory requirements.

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About Bocana Resources Corp.

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Bocana is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100% working interest in the mineral properties known as the Escala area concessions located at the Department of Potosi, Sud Lipez Province, Bolivia as awarded by Comibol.

Contact Information

For more information on Bocana, visit: https://bocanaresources.com.

For more information or interview requests, please contact:

Timothy J. Turner – Chief Executive Officer
info@bocanaresources.com

Forward-Looking Information

This news release contains “forward-looking information” inside the that means of relevant securities legal guidelines. Forward-looking info will be recognized by phrases corresponding to: “intend”, “believe”, “estimate”, “expect”, “may”, “will”, “approximately”, “planning”, “projected”, “anticipate” and related references to future intervals. Although Bocana believes that, in gentle of the expertise of its officers and administrators, present circumstances and anticipated future developments and different elements which have been thought of applicable, the expectations mirrored on this forward-looking info are affordable, undue reliance shouldn’t be positioned on them as a result of Bocana may give no assurance that they’ll show to be appropriate. Forward-looking info is topic to identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, degree of exercise, efficiency or achievements of Bocana, because the case could also be, to be materially totally different from these expressed or implied by such forward-looking info, together with however not restricted to: common enterprise, financial, aggressive, geopolitical and social uncertainties; the precise outcomes of present exploration actions; dangers related to operation in overseas jurisdictions; capacity to efficiently combine bought properties or mining rights awarded; overseas operations dangers; and different dangers inherent within the mining trade. Although Bocana has tried to establish necessary elements that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. Readers are cautioned to not place undue reliance on forward-looking info. Additional dangers embody these disclosed within the Information Circular, that are incorporate herein by reference and can be found via SEDAR at www.sedar.com. The forward-looking statements contained on this information launch, if any, are made as of the date hereof, and the Company undertakes no obligation to replace publicly or revise any forward-looking statements or info, besides as required by legislation.

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This information launch is just not a proposal of the securities on the market within the United States. The securities described on this information launch haven’t been registered below the U.S. Securities Act of 1933, as amended, and might not be supplied or bought within the United States or to, or for the account or advantage of, U.S. individuals (as outlined in Regulation S below the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration. This information launch shall not represent a proposal to promote or a solicitation of a proposal to purchase nor shall there be any sale of the securities in any state by which the place such supply, solicitation or sale can be illegal.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts duty for the adequacy or accuracy of this information launch.