Osino grants deferred share units through Investing.com



VANCOUVER, British Columbia, April 29, 2024 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSX: OSI) (FSE:RSR1) (OTCQX:OSIIF)(“Orsino or this company) announced that it has approved the grant of 22,348 DSUs totaling US$40,000 to the company's independent directors under the company's comprehensive long-term incentive plan, which was approved by the company's shareholders at the last shareholders' meeting.

About Oceano Resources Corporation

Osino is a Canadian gold exploration and development company focused on the rapid development of our wholly-owned Twin Hills gold project in central Namibia. Since Osino's base discovery in August 2019, the company has completed more than 250,000m of drilling and completed a series of specialist technical studies culminating in the recently released Twin Hills Definitive Feasibility Study (“Depth FS”) will take effect on June 12, 2023. DFS describes a technically simple, economically sound open pit gold operation with a mine life of 13 years and average annual gold production of over 169,000 ounces.

Osino has more than 8,000 square kilometers of commanding ground within Namibia's prospective Damara sedimentary belt, mostly adjacent to and along the direction of the producing Navachab and Otjikoto gold mines. The company is actively exploring a range of gold prospects and targets along the belt, targeting gold mineralization consistent with a broad orogenic gold model, using a portfolio approach aimed at discovery.

Our project is located in central and northern Namibia, ideally located within easy reach of Windhoek, the capital of Namibia. Due to its location, the Twin Hills scheme benefits greatly from Namibia's excellent infrastructure, with paved highways, railways, electricity and water nearby. Namibia is friendly to the mining industry and is known as one of the most politically and socially stable jurisdictions on the African continent.

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On behalf of the Orsino Board of Directors Haye Dawn, President and CEO

Contact informationYaron Conforti, Ocean Resources +1-604-687-2038yconforti@osinoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

forward-looking informationThis press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements and related information about Intime's and Osin's plans, intentions, beliefs and current expectations for future business activities and operating performance; the mailing time of Osino's management information circular, the time of the special shareholder meeting, and Intime's Scheduling the completion of transactions under the agreement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plan,” “anticipate,” “anticipate,” “anticipate,” “budget,” “scheduled,” “estimate,” “forecast” , “intend”, “anticipate” or “not anticipate” or “believe”, or variations of such words and phrases, or indicate that certain actions, events or results “may”, “might”, “will”, ” “may” or “will be taken”, “happen” or “achieve”. Forward-looking statements are necessarily based on a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those stated. Material differences may exist between the results expressed or implied by the forward-looking statements. Although Orsino has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. Additional factors that could materially affect such forward-looking information are described in the Risk Factors in Osino's most recent annual management's discussion and analysis, which can be found in Osino's profile on SEDAR+ at www.sedarplus.com. Orsino does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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