Orosur Mining Inc: Share Issuance and Stock Option Grant

SANTIAGO, Chile–(BUSINESS WIRE)–Orosur Mining Inc. (“Orosur” or the “Company”) (TSX/AIM: OMI), a South
American-focused gold producer, developer and explorer announces that it
has granted an aggregate of 83,680 stock options (“Options”) and 54,480
common shares (“Shares”) to directors and officers in lieu of 20% of
their standard cash compensation for the period commencing June 1, 2016
and ending August 31, 2016 (the “Period”), equivalent to an aggregate
cash amount of US$29,512.50.

All Options are fully vested and are exercisable at a price of Cdn$0.28
per common share, on or before September 1, 2021. Pricing was determined
by calculating the volume weighted average closing price of the Orosur’s
shares on the Toronto Stock Exchange over the Period.

A Revised Summary of Director and Officers share interests is as follows:

Directors &
Officers

 

Options
Granted

 

Shares
Issued

 

Total
Options

 

Total
Shares

 

Ownership¹

John Walmsley   15,215     898,862   140,350   0.14%
Roger Davey 9,948 523,295 23,500 0.02%
H.D. Lee 9,363 425,000 52,954 0.05%
Pablo Marcet 7,022 575,000 1,222,360 1.23%
Ignacio Salazar 58,517 1,684,082 773,000 0.78%
Ryan Cohen     38,095   600,000   184,938   0.19%
Total   83,680   54,480   4,706,239   2,397,102   2.41%

Note 1: Percentage interest in total number of common shares
currently issued and outstanding

Application has been made for the Shares to be admitted to trading on
AIM (“Admission”). It is expected that Admission will become effective
and that dealings will commence on 7, September 2016 in respect of the
Shares. Following Admission, the total number of common shares currently
issued and outstanding will be 99,613,458 and the total number of
options outstanding is 6,616,239 following the options grant.

For more information, please visit www.orosur.ca.

Contacts

Orosur Mining Inc.
Ignacio Salazar, +1 778-373-0100
Chief
Executive Officer
info@orosur.ca
or
Cantor
Fitzgerald Europe

Stewart Dickson / Carrie Drummond / Philip
Davies
+44 (0) 20 7894 7000
or
FTI Consulting
Ben
Brewerton / Oliver Winters / Sara Powell
+44 (0) 20 3727 1000