Authorization

Orosur Mining Inc. a?? Change of Nominated Adviser & Update

Orosur Mining Inc. ("Orosura?? or "the Companya??) (TSX/AIM: OMI), a South
American-focused gold developer and explorer is pleased to announce that
the Company has appointed, with immediate effect, SP Angel Corporate
Finance LLP as the Company's nominated adviser and joint broker.


Update on Colombia


Orosur has received from Newmont Mining the first of four half yearly
US$500,000 cash payments as part of the previously announced Exploration
Agreement with Venture Option for the AnzA? project, as well as
US$240,000 to fund the property maintenance costs in Colombia during the
first 6 months of the exploration period. In cooperation with Orosur,
Newmont is performing a strategic review of the project to define an
exploration program in the area.


Update on Uruguay


As announced on 18 December 2018, Loryser SA ("Lorysera??), the Companya??s
Uruguayan subsidiary, reached an agreement with the majority of its
creditors ("the Agreementa??). At that time, 68% of the creditors by value
had executed the Agreement. Loryser has continued to receive support for
its plan in recent months from additional creditors, increasing the
endorsement of the Agreement at the date of this announcement to
approximately 72% of creditors by value, comprising 67 different
creditors.


Pursuant to the Uruguayan Reorganization Act, the reorganisation process
and the Agreement are subject to consideration by the Court and the
Intervenor, and the normal formal procedures for approval. As part of
the reorganisation process, the Intervenor has been reviewing the
legitimity of the creditorsA? debt claim in order to prepare the final
list of creditors. Out of more than 150 creditors, only a small minority
is still under discussion and review due to minor formalities. The
process will continue by the Court confirming formally that the
majorities required for the Agreement were effectively obtained, which
will be followed by public notice of the Agreement to all interested
parties. Provided there is no valid opposition, the Court will proceed
to ratify the Agreement and the ratification process is expected to
conclude during the first half of 2019. Once approved by the Court, the
Agreement will be legally binding on all the creditors and Lorysera??s
creditor protection status will cease together with Intervenora??s control
over Loryser.


Loryser has started part of the work included in the Agreement,
specifically advancing the remediation of the tailings dam and
dewatering approximately 700,000 cubic metres, equivalent to 26 hectares
of the total 40 hectares covered by the dam. In parallel, Loryser is
starting to cover with gravel the dry area of the tailings dam.
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