Osino Completes Minority Acquisition, Submits Technical Report for Twin Hills Gold Project (Namibia), The Canadian Business Journal

VANCOUVER, British Columbia, September 22, 2022 (GLOBE NEWSWIRE) — Oshino Resources Corporation (TSXV: OSI) (FSE: RSR1) (OTCQX: OSIIF) (“Oshino” Also “Company”), in addition to the news release dated August 16, 2022, the Twin Hills Gold Project (“Acquisition”).

Osino is Osino Namibia Minerals Exploration (Proprietary) Limited (“to me“) Ominda Mineral Resources Close Corporation (“)Ominda“), Osino (“Acquisition of ONME”). ONME is a 90% owned subsidiary of Osino and has eight EPLs covering a total of 86,409 hectares, including the EPL that hosts the gold mineralization at the Clouds deposit, which forms part of Osino’s overall Twin Hills gold mineral resource. I own As a result of the ONME acquisition, Osino now owns 100% of ONME. The shares of our common stock issued under the ONME acquisition will be restricted from resale for 24 months from the closing date.

In addition, Osino also acquired a 20% stake in Richwing Exploration (Pty) Ltd (“lich wing”) Total amount of CAD 137,931 (“Acquisition of Rich Wing“), issuance of 37,615 shares and a cash payment of C$96,552 to Richroad Investments Close Corporation (“rich road“) and South Wing Investments Close Corporation (“south wing), which is arm’s length to Oshino. Richwing owns 80% of his Osino and holds his EPL that hosts gold mineralization and industrial minerals south of the Twin Hills project area. Upon completion of the transaction, Osino will own 100% of Richwing. As a result of the Lichwing acquisition, Oshino now owns 100% of Lichwing. The Company’s common stock issued under the Richwing acquisition will be restricted from resale for 24 months from the closing date.

All shares of common stock of the Company issued pursuant to the Acquisition are also subject to a statutory reserve for a period of four months from the date of issuance. No Finder fees were paid in connection with the acquisition.

Osino also owns Osino Gold Exploration and Mining (Proprietary) Limited (“Oshino GEM“) As previously announced by the company on August 16, 2022. Upon completion of this acquisition, Osino will own 100% of Osino GEM. The acquisition of Osino GEM is subject to TSX Venture Exchange approval. As such, it is expected to be completed within the next few weeks.

Furthermore, Osino said,Twin Hills Gold Project, Namibia, NI 43-101 Technical Report” entered into force on 26 July 2022 and was signed on 9 September 2022 (“MRE Technical Report“) For the increase in mineral resources announced in the company’s news release dated 9 August 2022. The MRE Technical Report was prepared and submitted in accordance with National Instrument 43-101—Mineral Project Disclosure Standards (“NI 43-101”). A technical his report on the company’s latest pre-his feasibility study, released on September 6, 2022, is expected to be filed in late September or early October.

For additional information, please refer to the MRE Technical Report available on the Osino website and filed with SEDAR under the company profile at www.sedar.com. It contains more comprehensive technical information. 2022.

Qualified person statement

David Underwood, BS. (Hons), Vice President of Exploration for his Osino Resources Corp., has reviewed and approved the scientific and technical information in this news release of his, and has signed with the South African Natural Science Professionals Council (Pr. Sci. Nat. No. 400323/11) and qualified for purposes of NI 43-101.

About Oshino Resources

Osino is a Canadian gold exploration and development company focused on the rapid development of the Twin Hills Gold Project (“Twin Hills”) in central Namibia. Twin Hills is in an advanced stage of exploration and development since its grassroots discovery by Osino, with the project completing drilling of over 220,000 m and various advanced development studies underway.

Oshino has a wide ground position of about 6,900 km² Located within Namibia’s promising Damara sedimentary mineral belt, it is in close proximity to, and along strikes with, the mostly producing Navachab and Ochikoto gold mines. We actively explore various gold prospects and targets along the belt by utilizing a portfolio approach to discovery, targeting gold mineralization that fits a wide range of orogenic models. I’m here.

Our core projects are located north and northwest of Windhoek, the capital of Namibia. Thanks to their location, these projects benefit greatly from Namibia’s well-established infrastructure, with paved highways, railways, power and water nearby. Namibia is mining friendly and has been hailed as one of the most politically and socially stable jurisdictions on the continent. Osino continues to evaluate new ground with a view to expanding its portfolio in Namibia.

For more information, please visit the company’s website at https://osinoresources.com/.

On behalf of the Board of Directors

“Hey Down”

Hey Down
Chief Executive Officer, President and Director

contact address

Oshino Resources Corporation
Julia Becker: Investor Relations Manager
Phone: +1 (604) 785 0850
[email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the use of proceeds from our future plans or projections, including projections of the economic recoverability of our mineral resources. Forward-looking information is generally disclosed using forward-looking terms such as “plans,” “expects,” “does not expect,” “expects,” “budget,” “planned,” and “estimate.” can be identified using “predict,” “intend,” “predict,” “do not predict,” or “believe,” or variations of such words or phrases, or that a particular action, event, or outcome “may” ‘, ‘could’, ‘could’, ‘could’, ‘may’ or ‘obtained’, ‘occurred’ or ‘achieved’. Forward-looking statements, while believed to be reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies and must be based on a number of assumptions. may cause actual results, performance or achievements to differ materially from those expressed. or implied by forward-looking statements. We have attempted to identify important factors that could cause our actual results to differ materially from those contained in the forward-looking information, but we do not believe that they could cause results to differ from those anticipated, estimated or intended. There may be other factors that There can be no assurance that such information will prove to be accurate, as actual results or future events could differ materially from those anticipated in such statements. You should not place undue reliance on forward-looking information. Other factors that may materially affect such forward-looking information are set forth in our most recent annual Management Discussion and Analysis Risk Factors.This is available on our profile on SEDAR www.sedar.com. We do not undertake to update forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this press release.

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