TIDMOMI

Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI), a South American-focused gold developer and explorer announces the granting of an aggregate of 440,000 stock options ("Options") to the Company's two new Directors upon recommendation and authorisation by the Company's Board of Directors.

Mr. Brad George and Mr. Louis Castro were granted a total of 440,000 Options, which shall vest in three equal parts: the first part immediately and the second and third parts on May 4, 2021 and May 4, 2022, respectively.

All Options are exercisable at a price of C$0.04 per common share, on or before May 4, 2025. Pricing is based on the closing price of the Orosur's shares on May 1, 2020 on the Toronto Stock Exchange.

A summary of Director and Officer option grants and resultant interests is as follows:

 
Directors & 
Officers          Options Granted  Total Options  Total Shares  Ownership(1) 
Louis Castro      240,000          240,000        -             - 
Brad George       200,000          200,000        -             - 
H.D. Lee          -                475,000        64,386        0.04    % 
Ignacio Salazar   -                1,414,544      723,000       0.45    % 
Victor Hugo       -                75,000         -             - 
Ryan Cohen        -                485,000        231,452       0.14    % 
Total             440,000          2,889,544      1,018,838     0.64    % 
 
 
Note 1:    Percentage interest in total number of common shares currently 
           issued and outstanding 
Note 2:    Pursuant to Market Abuse Regulation, individual notification and 
           public disclosure of transactions by persons discharging managerial 
           responsibilities and persons closely associated with them is 
           contained at the end of this press release.

For further information, please contact:

Orosur Mining Inc

Ignacio Salazar, Chief Executive Officer

Ryan Cohen, VP Corporate Development

info@orosur.ca

Tel: +1 (778) 373-0100

SP Angel Corporate Finance LLP -- Nomad & Joint Broker

Jeff Keating / Caroline Rowe

Tel: +44 (0) 20 3 470 0470

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Ryan Cohen, VP Corporate Development of the Company (responsible for arranging release of this announcement on behalf of the Company) on: +1 (778) 373-0100.

About Orosur Mining Inc.

Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals developer and explorer focused on identifying and advancing gold projects in South America. The Company operates in Colombia and Uruguay.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 
1   Details of the person discharging managerial responsibilities / person 
    closely associated 
a)  Full name of person     i. Louis Castro 
     Dealing 
                            ii. Brad George 
                            iii. 
2   Reason for notification 
a)  Position / Status       i. Chairman of the Board 
                            ii. Non-Executive Director 
                            iii. 
b)  Initial                 Initial 
    Notification/Amendment 
3   Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
a)  Name                    Orosur Mining Inc. 
b)  LEI                     213800CRYQM3M8G1OI19 
4   Details of the transaction(s): section to be repeated for (i) each type 
    of instrument; (ii) each type of transaction; (iii) each date; and (iv) 
    each place where transactions have been conducted 
a)  Description of the      Options to subscribe for new ordinary share of 
    financial instrument,   no par value 
    type of instrument 
b)  Identification code     CA6871961059 
c)  Nature of the           Grant of options 
    transaction 
 
d)  Price(s) and              Volume(s)               Price(s) 
    volumes(s) 
                              i. 240,000              i. C$0.04 
                              ii. 200,000             ii. C$0.04 
 
e)  Aggregated 
    information: 
    - Aggregated volume       Volume(s)               Price(s) 
    - Price                   440,000                 C$0.04 
 
f)  Date of the             4-May-20 
    transaction 
g)  Place of the            Outside of trading venue 
    transaction

View source version on businesswire.com: https://www.businesswire.com/news/home/20200503005084/en/

 
    CONTACT:

Orosur Mining Inc.

 
    SOURCE: Orosur Mining Inc. 
Copyright Business Wire 2020

(END) Dow Jones Newswires

May 04, 2020 02:00 ET (06:00 GMT)

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