Colombia update

London, August 1, 2024. Orosur Mining Inc. ("Orosur" or the "Company") (TSXV/AIM:OMI), provides an update on the transaction announced on March 25, 2024, pursuant to which Orosur would re-acquire a 100% ownership interest in its flagship Anzá gold project in Colombia.

Further to the update provided on July 1, 2024, the parties continue to work in good faith on the finalisation of the share purchase agreement and the negotiation of ancillary agreements that form the basis of the transaction as well as seeking regulatory approval from the TSXV. There are no material changes to the terms of the transaction that were described in the Company's press release dated March 25, 2024.

Orosur CEO Brad George commented:

"The parties remain committed to an outcome consistent with the agreed and previously announced terms, although the finer details of the transaction have proven more complex than initially anticipated and have unfortunately resulted in substantial delays to completion. All parties are working in good faith to resolve these issues and complete the transaction."