VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) (“Osino” or the “Company“) immediately introduced that (i) it obtained on May 2, 2024 a remaining order from the Supreme Court of British Columbia approving the beforehand introduced statutory plan of association below Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd (“Yintai“) will purchase all the excellent widespread shares of Osino for money consideration of  C$1.90  for every Osino Share (the “Arrangement“), all as extra significantly described in Osino’s administration proxy round dated March 25, 2024 (the “Circular“); and (ii) Yintai has obtained the approval of the National Development and Reform Commission of the People’s Republic of China.

This signifies that two of the mandatory three Chinese regulatory approvals have now been fulfilled and the Arrangement due to this fact stays on observe to shut on or concerning the finish of H1 2024, topic to approvals by regulatory authorities, particularly the Namibian Competition Commission and the State Administration of Foreign Exchange of the People’s Republic of China.

For a extra detailed description of the Arrangement, readers ought to overview the Circular.

About Osino Resources Corp.

Osino is a Canadian gold exploration and growth firm centered on the fast-tracked growth of our wholly owned, Twin Hills Gold Project in central Namibia. Since its grassroots discovery by Osino in August 2019, Osino has accomplished greater than 250,000m of drilling and has accomplished a collection of specialist technical research culminating within the just lately printed Twin Hills Definitive Feasibility Study (“DFS”) dated efficient June 12, 2023. The DFS describes a technically easy and economically strong open-pit gold operation with a 13-year mine life and common annual gold manufacturing of over 162,000oz each year.

Osino has a commanding floor place of over 8,000km2 situated inside Namibia’s potential Damara sedimentary mineral belt, principally in proximity to and alongside strike of the manufacturing Navachab and Otjikoto Gold Mines. Osino is actively exploring a variety of gold prospects and targets alongside the belt by using a portfolio method geared in direction of discovery, concentrating on gold mineralization that matches the broad orogenic gold mannequin.

Our tasks are favourably situated in central and northern Namibia and are inside simple attain from Namibia’s capital metropolis, Windhoek. By advantage of its location, the Twin Hills undertaking advantages considerably from Namibia’s well-established infrastructure with paved highways, railway, energy and water in shut proximity. Namibia is mining-friendly and lauded as one of many continent’s most politically and socially steady jurisdictions.

Qualified Person

David Underwood, BSc. (Hons) is Vice President Exploration of Osino and has reviewed and accepted the scientific and technical info on this information launch and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No.400323/11) and a Qualified Person for the needs of NI 43-101 “ Standards of Disclosure for Mineral Projects.

Further particulars can be found on Osino’s web site at https://osinoresources.com and below Osino’s profile on SEDAR+ at www.sedarplus.ca.

On behalf of the Board of DirectorsHeye Daun, President and CEO

Contact InformationOsino Resources Corp.Julia Becker  Investor Relations  +1 604 785 0850jbecker@osinoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.

Forward-Looking InformationThis press launch comprises “forward-looking information” inside the that means of relevant Canadian securities laws. Forward-looking info contains, with out limitation, statements and knowledge with respect to statements relating to the plans, intentions, beliefs and present expectations of Yintai and Osino with respect to the Arrangement; the timing of the approvals and completion of the Arrangement. Generally, forward-looking info may be recognized by way of forward-looking terminology similar to “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are essentially primarily based upon plenty of assumptions that, whereas thought-about affordable by administration, are inherently topic to enterprise, market and financial dangers, uncertainties and contingencies which will trigger precise outcomes, efficiency or achievements to be materially completely different from these expressed or implied by forward-looking statements. Although Osino has tried to determine essential elements that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such info will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking info. Other elements which might materially have an effect on such forward-looking info are described within the danger elements in Osino’s most up-to-date annual administration’s dialogue and evaluation which is offered on Osino’s profile on SEDAR+ at www.sedarplus.com. Osino doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines.

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