Mr. Heye Daun reports

OSINO SHAREHOLDERS APPROVE ARRANGEMENT WITH YINTAI

At the special meeting of securityholders held earlier today, an overwhelming majority of securityholders voted in favour of the resolution authorizing the previously announced statutory arrangement under Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co. Ltd. will acquire all of the outstanding common shares of Osino Resources Corp. for cash consideration of $1.90 for each Osino share, all as more particularly described in Osino's management proxy circular dated March 25, 2024.

Details on the voting results are attached.

"The vote of Osino securityholders in favour of the arrangement is an important step," said Heye Daun, president and chief executive officer of Osino. "We are now working to obtain approvals from regulatory authorities, namely the Namibian Competition Commission, the National Development and Reform Commission of the People's Republic of China, and the State Administration of Foreign Exchange of the People's Republic of China. Once all regulatory and court approvals are obtained, we will be able to complete the arrangement."

Yintai has obtained the approval of the Ministry of Commerce of the People's Republic of China.

The company has a final order hearing scheduled for May 2, 2024, before the Supreme Court of British Columbia. The arrangement remains on track to close on or about the end of first half 2024, subject to approval by the Supreme Court of British Columbia and satisfaction of certain other closing conditions.

For a more detailed description of the arrangement, readers should review the circular.

About Osino Resources Corp.

Osino is a Canadian gold exploration and development company focused on the fast-tracked development of its wholly owned Twin Hills gold project in central Namibia. Since its grassroots discovery by Osino in August, 2019, Osino has completed more than 250,000 metres of drilling and has completed a suite of specialist technical studies, culminating in the recently published Twin Hills definitive feasibility study, dated effective June 12, 2023. The DFS describes a technically simple and economically robust open-pit gold operation with a 13-year mine life and average annual gold production of over 162,000 ounces per annum.

Osino has a commanding ground position of over 8,000 square kilometres located within Namibia's prospective Damara sedimentary mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto gold mines. Osino is actively exploring a range of gold prospects and targets along the belt by utilizing a portfolio approach geared toward discovery, targeting gold mineralization that fits the broad orogenic gold model.

Its projects are favourably located in central and northern Namibia, and are within easy reach from Namibia's capital city, Windhoek. By virtue of its location, the Twin Hills project benefits significantly from Namibia's well-established infrastructure with paved highways, railway, power and water in close proximity. Namibia is mining friendly and lauded as one of the continent's most politically and socially stable jurisdictions.

Qualified person

David Underwood, BSc (honours), is vice-president, exploration, of Osino, has reviewed and approved the scientific and technical information in this news release, and is a registered professional natural scientist with the South African Council for Natural Scientific Professions (PrSciNat No. 400323/11) and a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

We seek Safe Harbor.