Osino Resources provides update on drill programs at Ondundu Gold Project

Osino Resources provides an update on the recently completed infill and scissor hole drill programs at the Ondundu Gold Project including the best intercepts recorded in the Company’s history. Dave Underwood, Osino’s VP Exploration commented: "The infill drilling program at Ondundu is producing exciting results which complement and expand on previous drilling at Razorback by B2Gold in 2016. The wide intercepts at good grades confirm the robust nature at Razorback with hole ONRC23-017 being the best intercept Osino has had anywhere in Namibia. Two scissor holes were drilled westwards to check for extensional veins at right angles to the resource drilling. Not only did these holes confirm the presence of previously unknown extensional veins, but also intersected new zones of mineralization to the east of the resource in an area never previously drilled due to difficult access. This new eastern zone will be drilled out when the resource upgrade drilling gets underway." Ondundu is a sedimentary hosted, structurally controlled orogenic gold deposit located 130km to the north-west of Osino’s flagship Twin Hills Gold Project. The Project has a long history of mining and exploration, most recently by B2Gold who drilled 122 DD and RC holes during the period 2016 until 2021. Osino completed the acquisition of Ondundu from B2Gold on July 21, 2022 and on October 27, 2022 announced a maiden mineral resource estimate for Ondundu comprising 26 million tonnes at an average grade of 1.13g/t Au for a total of 0.9 million ounces of gold in the Inferred mineral resource category. These mineral resources are compliant with National Instrument 43-101-Standards of Disclosure for Mineral Projects and are disclosed in the Company’s current technical report entitled, Ondundu Gold Project, Namibia, NI 43-101 Technical Report, dated effective October 7, 2022. Osino’s recent Ondundu drill program was designed to upgrade the mineral resource around Razorback and conduct an orientation program to optimize drilling and assay methodology. Two scissor holes were drilled to check the