Administrative Update & Options Exercise

LONDON, UK / ACCESSWIRE / February 23, 2024 / Orosur Mining Inc. ("Orosur" or the "Company") (TSX-V:OMI)(AIM:OMI) announces that the TSX-V has given its approval to the Company's new equity incentive plan (the "Equity Incentive Plan"), which was approved by shareholders at the Company's Annual and Special Meeting of shareholders (the "Meeting") on 20 December 2023, pursuant to which the Company may grant stock options, restricted share units, and deferred share units to the officers, directors, employees and consultants of the Company and its subsidiaries.

The Equity Incentive Plan replaces the Company's prior stock option plan and should reduce dilution to shareholders and be more fiscally efficient for some of the participants. As with the prior stock option plan, the maximum number of common shares that may be issued upon exercise or settlement of awards granted under the Equity Incentive Plan is 18,856,030 common shares of no par value each, representing 10% of the issued and outstanding common shares of the Company as at 24 October 2023, being the date the Equity Incentive Plan was approved by the Board, subject to shareholder and TSX-V approval.

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