Mr. Brad George reports

OROSUR MINING INC ANNOUNCES COLOMBIA UPDATE

Orosur Mining Inc. has provided an update on the company's Anza project in Colombia.

The project is the subject of an exploration agreement with venture option dated Sept. 7, 2018, with Colombian company Minera Monte Aguila SAS (MMA), pursuant to which MMA has earned a 51-per-cent interest in the project. MMA is itself a 50/50 joint venture between Newmont Corp. and Agnico Eagle Mines Ltd. MMA is the current operator of the project.

As previously announced, MMA advised the company that it would be undertaking a review of its continued involvement in the project. Subsequently, the parties commenced discussions regarding the future of the project, which are currently focused on exploring options whereby Orosur would acquire MMA's interest in the project. Such an outcome, if achieved, would see the company returning to having a direct or indirect interest of 100 per cent in the project.

Negotiations are progressing toward this objective, however, these are not final and, as such, there is no certainty that such a transaction will be agreed, and if so, on what terms. The parties are examining a range of commercial and structuring options, as well as undertaking prudent due diligence, and, as such, finalization of any agreement may take some time.

Further announcements will be made in due course as the process continues.

Brad George, Orosur chief executive officer, commented: "We have stated publicly on several occasions that our desired outcome is to retake control of Anza, and, if possible, to also resume 100-per-cent ownership of the project. We have been working towards this objective for some months, but we are also focused on the legal complexities of any such transaction, ensuring that any commercial terms do not negatively impact the viability of the project going forward. We see great potential at Anza, and whilst there is no certainty this deal will complete, should it happen, we will then be in the driving seat and be able to take the initiative on the project."

About Orosur Mining Inc.

Orosur Mining is a minerals explorer and developer focused on identifying and advancing projects in Colombia, Argentina, Nigeria and Brazil.

We seek Safe Harbor.