Oroco Resource Corp.advises that it has agreed to assign to Goldgroup Mining Inc. the Company’s right to the refund obtained by Minas de Oroco Resources, S.A. de C.V. of Value Added Tax paid during the years 2008 through 2012. In consideration of the assignment, Goldgroup will pay the Company 1,200,000 common shares and 50% of any VAT recovered in excess of CDN$400,000, which sum Goldgroup may elect to pay in Goldgroup shares valued at their 5-day weighted average trading price at the time of payment. The Company will reimburse Goldgroup for 60% of any amount less than CDN$400,000 of VAT recovered by August 30, 2015, though it will remain entitled to recover that amount back from any future VAT recoveries. The Company is of the opinion that Goldgroup’s in country resources, expertise and contacts will substantially sustain and enhance MORs efforts and ability to recover the VAT in a timely fashion. Closing of the Agreement is conditional upon receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.