Osino Shareholders Approve Arrangement With Yintai

VANCOUVER, British Columbia, April 29, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino" or the “Company”) today announced that, at the Company’s special meeting (the “Meeting”) of securityholders (the "Securityholders") held earlier today, an overwhelming majority of Securityholders voted in favour of the resolution (the "Arrangement Resolution") authorizing the previously announced statutory arrangement under Business Corporations Act (British Columbia), pursuant to which 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 (the “Arrangement”), all as more particularly described in Osino’s management proxy circular dated March 25, 2024 (the "Circular").

Details on the voting results are below:

Shareholder vote:

Total Common Shares Eligible to be Voted	177,509,825
Common Shares Voted Total (%)	78,321,793 (44.12%)
Total Shares Voted FOR Arrangement Resolution	78,255,082
Percent of Shares Voted FOR Arrangement Resolution	99.91%

Securityholder vote:

Total Securities Eligible to be Voted	193,740,175
Securities Voted Total (%)	92,828,141 (47.91%)
Total Securities Voted FOR Arrangement Resolution	92,761,430
Percent of Securities Voted FOR Arrangement Resolution	99.93%

Shareholder vote, excluding votes attached to shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions:

Total Common Shares Eligible to be Voted	177,509,825
Common Shares Voted Total (%)	71,801,592 (41.99%)
Total Shares Voted FOR Arrangement Resolution	71,734,881
Percent of Shares Voted FOR Arrangement Resolution	99.91%

"The vote of Osino Securityholders in favor of the Arrangement is an important step," said Heye Daun, President and CEO of Osino. "We are now working to obtain approvals from regulatory authorities, namely the Namibian Competition Commission, the National Development and Reform Commission of the People’s Republic of China and the State Administration of Foreign Exchange of the People’s Republic of China. Once all regulatory and court approvals are obtained, we will be able to complete the Arrangement."