Significantly Upsized Mineral Resource At Twin Hills Gold Project

VANCOUVER - Osino Resources Corp. reported on the updated mineral resource for its Twin Hills Gold Project in the Erongo Region of Namibia. The Company’s previous resource that has grown substantially along with significant conversion of Inferred resources to Indicated resources. The increase in resources is due to resource expansion in the Twin Hills Central, Bulge and Clouds areas, and delineation of additional resources from new areas. The mineral resource was estimated from approximately 167,000m of diamond core (DD) and reverse circulation (RC) drilling, of which approximately 153,000m has been sampled with available assay data. Drill collars were generally spaced at 35m x 35m on surface at the main targets (Bulge, Twin Hills Central and Clouds), with holes inclined at 60°, resulting in an effective data spacing of 35m laterally and 30m on section lines. Additional targets (Clouds West, Twin Hills North, Kudu and Oryx) were drilled at 50m x 50m spacing and are reported as Mineral Resources for the first time.

Some areas were infill drilled at closer spacing and drilling is ongoing with the aim of upgrading the inferred mineral resources and to investigate the requirements for additional mineral resource upgrades.

Heye Daun, Osino’s President & CEO, said, “We are very pleased with the results of the intensive 2021 drill program which resulted in this significant increase in Osino’s mineral resources at Twin Hills with total indicated mineral resources having increased more than 4-fold. Likewise, the higher-grade portion of the Indicated mineral resource above a cut-off grade of 0.9 g/t has also significantly increased by about 4.5x to 32.9 Mt at 1.27 g/t. Especially the Clouds and more recent Twin Hills West discoveries have contributed a significant amount to the resource and have extended the mineralized strike of the Twin Hills gold system to more than 3.5km. Additional new mineralized lobes at Twin Hills North and Clouds West have also contributed further resources and will be followed up. The mineralization continues to be open at depth and along strike, and at Clouds and Twin Hills Central in particular, it appears to be getting better with depth. What is particularly noteworthy is that the pit envelope based on US$1700/oz captures the majority of drilled mineralization, suggesting that planned down dip extensions could add to future open-pit mineral resources.”