Osino Resources Completes IP Survey Identifying Five New Drill Ready Targets and Substantially Increases 2020 Drill Program at Twin Hills Gold Project, Namibia

• Twin Hills IP survey results surpass expectations producing five large, new drill-ready IP targets
• Highly compelling anomalies due to consistency with known geology, structure and geochemistry
• Some of the new targets were not previously seen in the ground magnetic data, indicating potential for significant additional mineralization in this growing gold camp
• Existing targets at Twin Hills Central and Clouds were extended, and parallel trend zones identified south and north of Twin Hills Central in areas that have never been drilled before
• On the strength of the IP survey results, Osino is going ahead with an expanded exploration drill program at Twin Hills that will cover the new IP targets as well as magnetic and geochemical targets not tested to date
• The expanded program will add approximately 5,000m of diamond drilling, 8,000m of RC drilling and up to 10,000m of percussion drilling for bedrock samples. This drilling is in addition to the 20,000m of diamond drilling which Osino is currently undertaking.
• Four diamond rigs are active on site with an additional two RC rigs expected shortly, bringing the total to six drill rigs operating continuously at Twin Hills until the end of this year and into next year.
• The next batch of drill results is expected to be announced before the middle of August 2020

VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV: OSI) (FSE: RSR1) ("Osino” or “the Company”), is pleased to announce the completion of an Induced Polarization (IP) survey over the Twin Hills Project covering a total of 16km². The survey has outlined a number of new drill targets below the calcrete cover as well as extended and amplified the scale of known targets previously indicated by gold-in-calcrete, and magnetic anomalies.

The gradient array IP survey was completed over two months by contractors Greg Symons Geophysics (GSG) Namibia. It was carried out in a series of layout blocks 1 x 1 to 2 x 2km in area, then stitched together and levelled. The survey area covers most of the buried, prospective geology at Twin Hills and has added a valuable new layer of data, which directly detects sulphide mineralization associated with gold and enhances the geological mapping confidence.