Orosur Mining Inc - Colombia update
Orosur Mining Inc - Colombia update
• Approval received from TSX.V for Anzá transaction
• Progressing with process of completion
London, October 17 th 2024. Orosur Mining Inc. ("Orosur" or the
"Company") (TSXV/AIM:OMI) is pleased to announce that further to its news release of
September 10th, 2024, the TSX.V has now granted approval of the transaction that would see
Orosur returning to 100% ownership of the Anzá gold project in Colombia, subject to terms
and deferred consideration as outlined in the Sept 10th announcement.
The Company is now actively progressing toward technical completion of the Anzá
transaction, with a view to commencement of field activities at Anzá as soon as possible.
For further information, visit www.orosur.ca, follow on X @orosurm or please contact:
Orosur Mining Inc
Louis Castro, Chairman
Brad George, CEO
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker/James Pope
Tel: +44 (0)20 3657 0050
Flagstaff Communications
Tim Thompson
Mark Edwards
Fergus Mellon
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 Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawa l) Act 2018. Upon the publication of
this announcement via Regulatory Information Service ('RIS'), this inside information is now considered
to be in the public domain.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About the Anzá Project
Anzá is a gold exploration project, comprising a number of granted exploration licences and applications in the
prolific Mid-Cauca belt of Colombia.
Orosur's interest in the Anzá Project is currently held via its subsidiary, Minera Anzá S.A.
The project is located 50km west of Medellin and is easily accessible by all -weather roads and boasts excellent
infrastructure including water, power, communications and large exploration camp.
The Anz á Project is subject to an Exploration Agreement with Venture Option dated September 7th, 2018, as
announced on September 10th, 2018, between Orosur's 100% subsidiary Minera Anz á S.A ("Minera Anz á") and
Minera Monte Águila SAS ("Monte Águila"), a 50/50 joint venture between Newmont Corporation ("Newmont") and
Agnico Eagle Mines Limited ("Agnico").
Qualified Persons Statement
The information in this news release was compiled, reviewed and verified by Mr. Brad George, BSc
hons (Geology and Geophysics), MBA, Member of the Australian Institute of Geoscientists (MAIG),
CEO of Orosur Mining Inc. and a qualified person as defined by National Instrument 43-101.
Forward Looking Statements
All statements, other than statements of historical fact, contained in this news release constitute "forward looking
statements" within the meaning of applicable securities laws, including but not limited to the "safe harbour"
provisions of the United Stat es Private Securities Litigation Reform Act of 1995 and are based on expectations
estimates and projections as of the date of this news release.
Forward-looking statements include, without limitation, completion of the Acquisition, Orosur becoming operator of
the Anzá Project, the expected focus on the Pepas prospect, the exploration plans in Colombia and the funding of
those plans, and other event s or conditions that may occur in the future. There can be no assurance that such
statements will prove to be accurate. Actual results and future events could differ materially from those anticipated
in such forward -looking statements. Such statements are subject to significant risks and uncertainties including,
but not limited to, meeting conditions to closing the Acquisition, timing of closing of the Acquisition and those as
described in Section "Risks Factors" of the Company's MD&A for the year ended May 31, 2024. The Company
disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new
information, future events and such forward -looking statements, except to the extent required by applicable law.
The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing, to reach
profitable levels of operations and to reach a satisfactory closure of the Creditor´s Agreement in Uruguay. These
material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its
liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles
applicable to a going concern.