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Orosur Mining Inc. – New Director Option Issuance

--(BUSINESS WIRE)--  MEDELLIN, Colombia

(“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.Orosur Mining Inc.

Mr. and Mr. 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 and , respectively.Brad GeorgeLouis CastroMay 4, 2021May 4, 2022

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

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

For further information, please contact:

, Chief Executive Officer , VP Corporate Development Tel: +1 (778) 373-0100Orosur Mining Inc
Ignacio SalazarRyan Cohen


[email protected]

  / Tel: +44 (0) 20 3 470 0470– Nomad & Joint BrokerSP Angel Corporate Finance LLP
Jeff KeatingCaroline Rowe

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 , this inside information is now considered to be in the public domain. If you have any queries on this, then please contact , VP Corporate Development of the Company (responsible for arranging release of this announcement on behalf of the Company) on: +1 (778) 373-0100.Regulatory Information ServiceRyan Cohen

AboutOrosur Mining Inc.

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

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

 

Orosur Mining Inc.

Source:Orosur Mining Inc.

Directors & Officers

Options Granted

Total Options

Total Shares

Ownership¹

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.

1

Details of the person discharging managerial responsibilities / person closely associated
a)Full name of personDealing
i.Louis Castro
ii.Brad George
iii.

2

Reason for notification
a)Position / Statusi. Chairman of the Board
ii. Non-Executive Director
iii.
b)Initial Notification/AmendmentInitial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer orauction monitor
a)NameOrosur Mining Inc.
b)LEI213800CRYQM3M8G1OI19

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) eachtype of transaction; (iii) each date; and (iv) each place where transactions have beenconducted

a)Description of the financial instrument, type of instrumentOptions to subscribe for new ordinary share of no par value
b)Identification codeCA6871961059
c)Nature of the transactionGrant of options
 
d)Price(s) and volumes(s)Volume(s)Price(s)
i. 240,000i.C$0.04
ii. 200,000ii.C$0.04
 
e)Aggregated information:
- Aggregated volumeVolume(s)Price(s)
- Price

440,000

C$0.04
 
f)Date of the transaction4-May-20
g)Place of the transactionOutside of trading venue

Quick facts: Orosur Mining Inc

Price: 3.3

Market: AIM
Market Cap: £5.29 m
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