News release
Ongwe Minerals Inc.
Suite 1890 – 1075 West Georgia St.
Vancouver, BC
V6E 3C9
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ONGWE MINERALS ANNOUNCES LISTING ON THE NAMIBIA SECURITIES EXCHANGE
Vancouver, Canada – April 15, 2026 – Ongwe Minerals Inc. (“Ongwe” or “the Company”) (TSXV: OGW)
(NSX: ONG) is pleased to announce that the Company has completed all the requirements for a dual-
listing on the Namibia Securities Exchange (“NSX”) under the symbol “ONG”, with trading to
commence on 15 April 2026. There will be no change to Ongwe’s listing on the TSX Venture Exchange
which will remain the primary listing for Ongwe’s common shares.
Dave Underwood, Ongwe’s CEO commented: “The dual listing of Ongwe on the Namibian Securities
Exchange is a very important step in building Ongwe’s local Namibia n capital markets presence.
Ongwe is fortunate to have a dedicated and substantial base of Namibian shareholders, many of whom
have shared in the prior successes of the Ongwe team, through Osino Resources and Koryx Copper,
both of whom were listed and raised significant capital on the Namibian exchange. This listing is
specifically designed to streamline the process for both institutional and retail investors to trade our
shares or participate in upcoming capital raises. Beyond simply strengthening our ties with the local
investment community, this move reflects our deep-seated confidence in Namibia’s status as a top-tier
mining jurisdiction. By diversifying our shareholder base and bolstering market liquidity, we are
building a more resilient platform for fu ture growth, while simultaneously ensuring that Namibian
citizens have a direct path to benefit from the country's mineral wealth.”
In conjunction with the Company’s dual listing on the NSX, the Company is required by the NSX to
provide a summary of historical achievements and an operational overview of events, all of which
have previously been released on SEDAR+ ( www.sedarplus.ca) under the Company’s profile and
further information is available on the Company’s website at https://ongweminerals.com. No new
information will be released on the Namibian Exchange News Service (“NENS”) in conjunction with
the Company’s dual listing on the NSX, effective April 15, 2026.
About Ongwe Minerals Inc.
Ongwe Minerals Inc. is a Canadian -listed gold exploration company dedicated to the discovery and
development of new gold systems in Namibia. The Company is currently advancing three promising
projects within the emerging Northwest Damara gold belt, with a primary emphasis on the Omatjete
and Khorixas Gold Projects.
The Omatjete Gold Project is strategically located along the regional Okondeka Fault Zone, which also
hosts the Kokoseb gold deposit (WIA Gold). Early surface work by Ongwe has led to the discovery of
the Manga Gold Prospect which has a 4.5km x 1km footpri nt of gold in soil and early scout drill ing
indicating gold in bedrock. This area has significant growth potential and work is ongoing to define the
strike extent of the Manga discovery along the Okondeka Fault Zone.
The Khorixas Gold Project is situated just 60km west of Osino's Eureka gold project , adjacent to the
northern margin of the Damara Orogenic Belt. Khorixas hosts two large-scale surface discoveries called
Belmont and K17. The Belmont prospect has a surface gold footprint of approximately 12 × 6km and
lies between the regional scale, basin margin, Khorixas Fault and the Belmont Thrust Zone. Calcrete
and grab sampling to date have indicated eighteen target areas.
The Ongwe team, previously with Osino Resources (sold to Shanjin International for CAD$368M), has
a history of making and advancing gold discoveries in Namibia, including Osino’s Twin Hills (currently
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in construction) and Eureka deposits, and the advancement and sale of Auryx Gold’s Otjikoto gold
deposit (in production, sold to B2Gold for CAD$180M).
Qualified Person
Carl Joone, BSc. (Hons) is the President and Co -Founder of Ongwe Minerals Inc. and is a registered
Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci.
Nat. No. 172695) a nd a Qualified Person for the purposes of National Instrument 43 -101. Carl has
verified all the data disclosed by plotting and verifying against raw data received. Carl has also reviewed
and approved the scientific and technical information in this news release
ON BEHALF OF THE BOARD OF DIRECTORS
“Dave Underwood”
Chief Executive Officer
CONTACT INFORMATION
Ongwe Minerals Inc. Ongwe Minerals Inc.
Dave Underwood, Chief Executive Officer Carl Joone, President & Co-Founder
Email: [email protected] Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press release.
Cautionary Statements Regarding Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, without limitation, statements regarding
the use of proceeds from the Company's future plans or prospects of the Company, including prospects
for discovery of mineral resources, the results of future exploration programs, and economic
recoverability of mineral resources. Generally, forward-looking information can be identified by the use
of forward -looking terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts" , "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward -looking
statements are necessarily based upon a number of assumptions that, while considered reasonable by
management, are inherently subject to business, market and economic risks, uncertainties and
contingencies that may cause actual results, performance or achievem ents to be materially different
from those expressed or implied by forward-looking statements. Although the Company has attempted
to identify important factors that could cause actual results to differ materially from those contained
in forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those antic ipated in such statements.
Accordingly, readers should not place undue reliance on forward -looking information. Other factors
which could materially affect such forward-looking information are described in the risk factors in the
Company's most recent annu al management's discussion and analysis which is available on the
Company's profile on SEDAR+ at www.sedarplus.ca. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.