Mr. Ryan Cohen reports

AGM REPORT OF VOTING AND MANAGEMENT STREAMLINING

At Orosur Mining Inc.'s annual general meeting (AGM) held at 4 p.m. Greenwich Mean Time on Nov. 27, 2018, shareholders passed all resolutions put before them. Additionally, the company has streamlined its senior management team to better align itself to the current situation and plans of the company.

Management streamlining

Considering the need to preserve cash during the current reorganization proceedings in Uruguay and the exploration focus in Colombia, Alejandra Lopez, the company's Uruguayan-based chief financial officer, has agreed to step down from her chief financial officer position, effective Nov. 30, 2018. Ms. Lopez will assist the company in conducting an orderly transition and has agreed to remain available to the company in the coming months on an as-needed basis.

Ms. Lopez has been chief financial officer since 2016 and a highly valued member of the company's management team. The board wishes to thank Ms. Lopez for her considerable service and dedication to the company in challenging times. The board also wishes her the very best in her future endeavours.

Ryan Cohen, who has been the company's vice-president of corporate development since January, 2014, will be acting as the interim chief financial officer until a suitable replacement has been found. The company will, as soon as practicable, commence the search for a permanent chief financial officer with expertise more aligned with capital markets as well as exploration and development activities.

AGM voting results

At the AGM, a total 45,566,818 common shares of the 146,800,091 shares outstanding as at the Oct. 23, 2018, record date were voted at the meeting, representing approximately 31.04 per cent of the issued and outstanding common shares of the company. The company presently has 150,277,672 shares issued and outstanding. The nominees listed in the company's management proxy circular were re-elected as directors. The voting results are provided in the attached table.

Nominee               Votes for    Votes for (%)    Votes withheld    Votes withheld (%)

John Walmsley        43,142,201           97.05          1,311,234                 2.95
Ignacio Salazar      37,810,701           85.06          6,642,734                14.94
Robert Schafer       43,509,506           97.88            943,929                 2.12
Horng Dih Lee        43,509,502           97.88            943,933                 2.12

Uruguay reorganization update

The company has been working diligently to reach a fair and balanced solution in Uruguay in the interests of all its stakeholders. As previously announced, as part of the Loryser SA reorganization procedures, the Uruguayan Court has scheduled a meeting of creditors for Dec. 17, 2018. In parallel with continuing discussions with third parties, the company has started negotiating a payment plan proposal agreement with creditors. The company will require the support of more than 50 per cent of creditors by value prior to the creditor meeting on Dec. 17, 2018, in order to proceed with the agreed plan to avoid other options, such as the liquidation of Loryser.

About Orosur Mining Inc.

Orosur Mining is a precious metals developer and explorer focused on identifying and advancing gold projects in South America. The company operates in Colombia and Uruguay.

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