The unaudited condensed interim financial statements of the Company for the quarter ended
Orosur Mining Inc.
Results for Third Quarter ended February 28th, 2026
London, April 29th, 2026 . Orosur Mining Inc. ("Orosur" or "the Company") (TSX -V/AIM: OMI) the
minerals explorer and developer with operations in Colombia and Argentina, announces its unaudited
results for the quarter ended February 28th, 2026. All dollar figures are stated in US$ unless otherwise
noted.
The unaudited condensed interim financial statements of the Company for the quarter ended February
28th, 2026 and the related management's discussion and analysis ("MD&A") have been filed and are
available for review on the SEDAR+ website at www.sedarplus.ca. The financial statements and the
MD&A are also available on the Company's website at www.orosur.ca.
To view the PDF version of the financial statements please click here: http://www.rns-
pdf.londonstockexchange.com/rns/2922C_2-2026-4-28.pdf
To view the PDF version of the MD&A, please click here http://www.rns-
pdf.londonstockexchange.com/rns/2922C_1-2026-4-28.pdf
Both PDF version's of the MD&A and financial statements are available here : www.orosur.ca
Highlights
Highlights for the three months ended February 28th, 2026 include:
Operational
In Colombia, at the Anza Project, the Company completed its in -fill drilling program at Pepas and has
declared a Maiden Resource Estimate of 219,000 ounces of gold. The Company is now drilling in the
greater Pepas area with a view to refining its geological model and identifying potential future deposits.
After the period end, the Company announced that it had identified a second area of mineralization
some 100 metres to the West of Pepas. In APTA, to the south of the Pepas deposit, in the middle of
the Company's licence area, drilling commenced post the period end to gain a better understanding of
the geological controls ahead of a potential resource estimate later this year. And, to the south of APTA,
geological mapping and sampling has been completed at El Cedro and the Company announced that
new mapping and sampling had commenced post the period end at a new second porphyry identified
to the south of El Cedro. New airborne geophysics is being flown to establish drilling targets at both El
Cedro and in the new second porphyry identified to the south of El Cedro.
In Argentina, the Company's first drilling program for a total of circa 4,400 metres had been completed
by the end of March 2026 at the El Pantano project and results are awaited. Interpretation of all new
and historical data will inform a next phase of field work which may be commissioned later in the year,
potentially ahead of a second drill program at the project.
Financial and Corporate
At the Company's AGM, held on December 17, 2025 all resolutions put to shareholders were duly
passed. During the quarter, 3,171,898 warrants have been exercised raising $323,000 and 666,664
options have been exercised raising $29,000 for the Company. In addition, during the quarter, 85,000
RSUs were exercised by one of the non-executive Directors.
On February 28th, 2026, the Company had a cash balance of $13,650,000 (May 31, 2025 $4,877,000).
As at the date of this MD&A the Company had a cash balance of $11,570,000
The unaudited condensed interim consolidated financial statements have been prepared on a going
concern basis under the historical cost method except for certain financial assets and liabilities which
are accounted for as Assets and Liabilities held for sa le (at the lower of book value or fair value) and
Profit and Loss from discontinuing operations. This accounting treatment has been applied to the
activities in Uruguay and Chile.
Condensed Interim Consolidated Statements of Financial Position
(Expressed in thousands of United States dollars)
Unaudited
As at
February 28,
2026
$
As at
May 31,
2025
$
ASSETS
Current assets
Cash 13,650 4,877
Restricted cash 12 12
Accounts receivable and other assets 1,012 434
Assets held for sale in Uruguay 10 20
Total current assets 14,684 5,343
Non-current assets
Property and equipment 447 288
Exploration and evaluation assets 8,468 3,858
Total assets 23,599 9,489
LIABILITIES AND EQUITY
Current liabilities
Accounts payable and accrued liabilities 1,457 623
Warrant liability 3,660 1,706
Liability of Uruguay discontinued operation 551 529
Total current liabilities 5,668 2,858
Total liabilities 5,668 2,858
Equity
Share capital 91,769 74,675
Share-based payments reserve 11,455 10,931
Warrants 16 436
Currency translation reserve (1,457) (2,159)
Accumulated deficit (83,852) (77,258)
Total equity attributable to owners of the parent 17,931 6,625
Non-controlling interest - 6
Total equity 17,931 6,631
Total liabilities and equity 23,599 9,489
Condensed Interim Consolidated Statements of (Loss) Income and Comprehensive (Loss)
(Expressed in thousands of United States
dollars)
(Except common shares and per share
amounts)
Unaudited
Nine Months Ended
February 28, 2026
$
Nine Months Ended
February 28, 2025
$
Corporate and administrative expenses (2,068) (1,384)
Exploration expenses (179) (181)
Share-based compensation (1,002) (311)
Other income 14 52
Net finance cost (49) (11)
Loss on fair value of warrants (3,182) -
Foreign exchange (loss) gain (90) 89
Net loss for the period for continuing
operations (6,556) (1,746)
Income (loss) from discontinued operations (38) 2,841
Net (loss) income for the period (6,594) 1,095
Item which may be subsequently reclassified to
income (loss):
Cumulative translation adjustment 702 (343)
Total comprehensive (loss) income for the
period (5,892) 752
Basic and diluted net income (loss) per share
for
- continuing operations (0.02) (0.01)
- discontinued operations (0.00) 0.01
Weighted average number of common shares
outstanding 357,557,726 228,999,586
(Expressed in thousands of United States dollars)
Unaudited Nine
Months
Ended
February
28, 2026
$
Nine
Months
Ended
February
28, 2025
$
Operating activities
Net (loss) income for the period for continued and discontinued
operations (6,594) 1,095
Adjustments for
Depreciation 16 16
Share-based payments 1,002 311
Reversed liability and interest accrued - (2,376)
Loss on fair value of warrants 3,182
Foreign exchange and other 774 (606)
Changes in non-cash working capital items:
Accounts receivable and other assets (578) (8)
Accounts payable and accrued liabilities 850 (203)
Net cash used in operating activities (1,348) (1,771)
Investing activities
Purchase of property and equipment (175) -
Exploration and evaluation expenditures (4,682) (729)
Net cash used in investing activities (4,857) (729)
Financing activities
Proceeds from issue of common shares, net of shares issuance
cost 13,137 2,376
Proceeds from exercise of options 315 10
Proceeds from exercise of warrants 2,774 1,008
Warrant liability exercised (1,228) -
Net cash provided by financing activities 14,968 3,394
Net change in cash 8,763 894
Net change in cash classified within assets held for sale 10 133
Cash, beginning of period 4,877 1,328
Cash end of period 13,650 2,355
Operating activities
- continuing operations (1,334) 758
- discontinued operations (14) (2,509)
Investing activities
- continuing operations (4,857) (729)
Financing activities
- continuing operations 14,964 3,394
- discontinued operations 4 -
For further information, visit www.orosur.ca, follow on X @orosurm or please contact:
Orosur Mining Inc
Louis Castro, Executive Chairman,
Brad George, CEO
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Joint Broker
Jen Clarke /Caroline Rowe/ Devik Mehta
Tel: +44 (0) 20 3470 0470
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker/Guy McDougall
Tel: +44 (0)20 3657 0050
Flagstaff Communications and Investor Communications
Tim Thompson
Allison Allfrey
Mark Edwards
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 Orosur Mining Inc.
Orosur Mining Inc. (TSXV: OMI; AIM: OMI) is a minerals explorer and developer currently operating in
Colombia and Argentina.
Qualified Persons Statement
The information in this news release was compiled, reviewed, verified and approved 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.
Orosur Mining Inc. staff follow standard operating and quality assurance procedures to ensure that
sampling techniques and sample results meet international reporting standards.
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, the continuing focus on the Pepas prospect, the
exploration plans in Colombia and the funding of those plans, and other events or conditions that may
occur in the future. There can be no assurance tha t 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, those described in the Section "Risks Factors" of the Company's MD&A for the year ended May 31,
2025. The Company's continuance as a going concern is dependent upon its ability to obtain adequate
financing. This material uncertainty 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. 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.