Orosur Mining Inc New Director Option Issuance (2876N)

TIDMOMI

RNS Number : 2876N

Orosur Mining Inc

29 January 2021

Orosur Mining Inc. - New Director Option Issuance

London, January 29, 2021, Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI), a South American-focused gold developer and explorer announces the granting of 300,000 stock options ("Options") to the Company's recently appointed non-executive director, Mr. Nick von Schirnding, upon recommendation and authorisation by the Company's Board of Directors.

The Options shall vest in two equal parts: the first part immediately and the second on January 29, 2022. The Options are exercisable at a price of Cdn$0.46 per common share, on or before January 29, 2026. Pricing is based on the closing price of the Orosur's shares on January 28, 2021 on the Toronto Stock Exchange.

F or further information, please contact:

Orosur Mining Inc

Louis Castro, Chairman,

Brad George, CEO

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

Turner Pope Investments (TPI) Ltd - Joint Broker

Andy Thacker

Tel: +44 (0)20 3657 0050

Flagstaff Communications and Investor Communications

Tim Thompson

Mark Edwards

Fergus Mellon

orosur@flagstaffcomms.com

Tel: +44 (0)207 129 1474

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 .

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 associated closely with them:

 
 1    Details of person discharging managerial responsibilities/person 
       closely associated 
 a)   Full Name                        Nick von Schirnding 
     -------------------------------  ------------------------------------------- 
 2    Reason for notification 
     ---------------------------------------------------------------------------- 
 a)   Position/Status                  Non-Executive Director 
     -------------------------------  ------------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  ------------------------------------------- 
 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                   Options to subscribe for new common shares 
       the financial                    of no par value 
       instrument, type 
       of instrument 
     -------------------------------  ------------------------------------------- 
 b)   Identification                   ISIN: CA6871961059 
       code 
     -------------------------------  ------------------------------------------- 
 c)   Nature of transaction            Grant of options 
     -------------------------------  ------------------------------------------- 
 d)   Prices and volumes               300,000 @ Cdn$0.46 
     -------------------------------  ------------------------------------------- 
 e)   Aggregated information           Single transaction - see above. 
     -------------------------------  ------------------------------------------- 
 f)   Date of transaction              January 28 (th) , 2021 
     -------------------------------  ------------------------------------------- 
 g)   Place of transaction             Outside of trading venue 
     -------------------------------  -------------------------------------------

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