Orosur Mining Inc: Shares Issuance and Stock Op...

Orosur Mining Inc: Shares Issuance and Stock Option Grant

Orosur Mining Inc.

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 193,880 stock options (“Options”) and 126,226 common shares (“Shares”) to directors and officers in lieu of 20% of their standard cash compensation for the period commencing December 1, 2015 and ending February 29, 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$0.13 per common share, on or before March 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	Â	Options Granted	Â	Shares Issued	Â	Total Options	Â	Total Shares	Â	Ownership¹
John Walmsley		35,251		-		860,251		140,350		0.14%
Roger Davey		23,049		-		498,049		23,500		0.02%
H.D. Lee		-		21,693		515,000		29,193		0.03%
Pablo Marcet		-		16,270		762,500		2,204,539		2.23%
Ignacio Salazar		135,580		-		1,535,580		773,000		0.78%
Ryan Cohen		-		88,263		600,000		88,263		0.09%
Total		193,880		126,226		4,771,380		3,258,845		3.30%

Note 1: Percentage interst 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 8, March 2016 in respect of the Shares. Following Admission, the total number of common shares currently issued and outstanding will be 98,865,201 and the total number of options outstanding is 8,126,380 following the options grant.

For more information please visit www.orosur.ca or contact:

Orosur Mining Inc

Ignacio Salazar, Chief Executive Officer

[e-mail]

Tel: + 562 2924 6800

Cantor Fitzgerald Europe

Stewart Dickson / Carrie Drummond / Philip Davies

Tel: [phone]

FTI Consulting

Ben Brewerton / Oliver Winters / Sara Powell

Tel: [phone]

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