Osino Announces Filing of Management Information Circular for Special Meeting of Securityholders, and Provides Update on Transaction in Respect of Arrangement with Yintai

• The Board unanimously recommends that Securityholders vote FOR the Arrangement Resolution at the Special Meeting.
  
• Securityholders are encouraged to read the Meeting materials and vote well in advance of the proxy voting deadline of 8:30am (Vancouver time) on April 25, 2024.
• Questions or require voting assistance? Contact Laurel Hill Advisory Group toll free at 1-877-452-7184 (+1 (-416-) 637-4661 outside North America), or by e-mail at [e-mail]
  

VANCOUVER, British Columbia, April 03, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino" or the “Company”) announced today that it has filed and mailed the management information circular (the “Circular”) and related materials for the special meeting (the “Special Meeting”) of securityholders of the Company (the “Securityholders”) to be held virtually on April 29, 2024 at 8:30am (Vancouver time). At the Special Meeting, Securityholders will be asked to consider and, if deemed advisable, to pass a special resolution (the “Arrangement Resolution”) approving the previously announced plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia), pursuant to which 1466331 B.C. Ltd., an indirect wholly-owned subsidiary of Yintai Gold Co., Ltd (“Yintai”), will acquire all of the outstanding common shares of Osino (the "Osino Shares") for cash consideration of C$1.90 for each Osino Share, all as more particularly described in the Circular.

Transaction Updates

Osino is pleased to announce the following updates with respect to satisfaction of the conditions to the completion of the Arrangement:

• Interim Court Approval: Osino has received a favourable interim order in respect of the Arrangement by the Supreme Court of British Columbia (the “Court”)
• Namibian Competition Approval: The merger approval application under the Namibian Competition Act has been filed with the Namibian Competition Commission
• PRC Approvals: Yintai has notified the Company that it has submitted fillings with the National Development and Reform Commission of the People’s Republic of China and Ministry of Commerce of the People’s Republic of China in connection with the required Chinese regulatory approvals with respect to the Arrangement