OSINO RESOURCES CORP. Investor Presentation 121 London: May 2019 1 1
Disclaimer Certain statements contained in this presentation, and in certain documents incorporated by reference in this presentation, constitute "forward-looking statements". All statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding Osino Resources Corp. ’s (the “Corporation‘”) future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets where the Corporation participates or is seeking to participate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Corporation's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, those discussed under "Risk Factors" in the prospectus to which this presentation relates. Management provides forward-looking statements because it believes they provide useful information to readers when considering their investment objectives and cautions readers that the information may not be appropriate for other purposes. Consequently, all of the forward-looking statements made in this presentation are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Corporation. These forward-looking statements are made as of the date of this presentation and the Corporation assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The forward-looking statements in this presentation are based on numerous assumptions regarding the Corporation's present and future business strategies and the environment in which the Corporation will operate in the future, including assumptions regarding expected yields, future prices and business and operating strategies. Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward- looking statements contained herein, including risks associated with the Corporation, such as lack of revenue, risks associated with the Corporation's business, such as the failure to obtain or maintain necessary licenses, and risks associated with the common shares of the Corporation, such as stock market volatility. . 2
About Osino TSX-V listed gold exploration company focused on Namibia with strategic, >7,500km 2 land position & active exploration program in emerging Damara gold belt. Experienced team with history of delivering value (2 x ~CAD200m exits since 2012) Quality assets & jurisdiction in Namibia’s highly prospective Damara gold belt Excellent shareholders with long term vision (Ross Beaty, RCF, Trimark, Powerone) Current Price (as at May 17, 2019) $0.37 Basic Shares (m) 57.1 Share Options (m) 5.2 Warrants - 57.1M Market Capitalization (M) $21.1 Basic Shares Outstanding Less: Cash & ST Investments (M) $2.5 Plus: Debt (M) $0.1 Enterprise Value (M) $18.7 3
Directors & Management Heye Daun Eugene Alan Friedman David Lazarus CEO President Hodgson Shigwedha Beukman Executive Executive Non-Executive Non-Executive Non-Executive Director Director Director Director Director Mining engineer with Public markets Former COO of Namibian-born Corporate consultant 25 years of mining, entrepreneur involved AngloGold Ashanti Portfolio manager with to public companies in finance and public with Canadian public from 2001 through to Investec Asset Canada since markets experience. markets for 20 years. retirement in 2005. Management. 1994 History of delivering Played integral role in Prior to that various Based out of Cape Involved in acquisition value with two exits acquisitions, go-public executive and senior Town he has deployed of assets and joint (~CAD200m each) positions with Anglo transactions & capital into emerging ventures. Advocate of since 2012 (AYX sold financings & for many American and De markets over the last the High Court of to BTO and EGX resource companies Beers over more than South Africa with an 12 years, particularly merger with ODN to onto TSX and AIM 30 years. Prior into Namibia & the rest Honours Law degree form LUM in 2016) Director of TSX-listed of the continent. from University of juniors & developers Johannesburg 4
Founders Track Record Formation Acquisition Advancement Exit Ecuador Gold & Copper Corp. Heye Daun appointed CEO Assessed company & Raised US$3m in Successfully sold EGX to in 2015, tasked with assets, built trust with convertible debt & equity, Lumina Gold through company turn-around & investors, developed & restructurd balance sheet, $200m merger generating options for executed turn-around settled range of legacy investors strategy issues, prepared EGX for sale Auryx Gold Corp. Heye Daun & Alan Acquire Otjikoto gold deposit Raised $85m in equity, built- Successfully sold AYX to Friedman co-found in Namibia from Vale, out team, expanded B2 Gold Corp for $180m, Auryx and list on TSX through non-core disposal resource, now in production via RTO in 2010 process completed PEA ~150kozpa Afriore Ltd. Alan Friedman was part of Expanded resource, Successfully sold Afriore the acquisition team that completed technical work to to Lonmin Plc, world's 3rd acquired the Akanani prove downdip extension of largest PGM producer for Platinum Project world-class SA platinum $450m deposit Eland Platinum Ltd Bright Group co-founder of Negotiated acquisition of Raised >$100m in debt and Successfully sold company Eland Platinum, Heye Daun undeveloped, non-core PGM equity from South African to Xstrata Plc part of initial funding resource from Anglo capital markets and for $1bn consortium & co-investor commenced with project with Bright development 5
Namibia Tectonic Setting Damara orogeny: Interpretation of the belt identifies multiple NE trending structures deep seated, laterally continuous multiple phases of mineralization large, long-lived mineralizing systems Orogenic Exploration Model source, pathway, traps Geological controls recently better understood = other targets can be better identified and tested Excellent regional exploration potential Source: Vollgger et al ., 2015 6
Osino Licenses & Structural Setting Focus Area 2: Otjikoto East target definition stage regional sampling ongoing 5 anomalies identified >120km prospective strike Emerging Orogenic Gold Belt Two significant Gold Mines Focus Area 1: Twin Hills & Goldkuppe Navachab (QKR) ~28,000m of drilling (historic & recent) Otjikoto (B2 Gold Corp.) New soil/calcrete/mag anomalies on Strategic Ground Position major regional trend Classic structural setting >7,500km 2 in 22 licenses > 11km Au system (open all directions) Goldkuppe discovery (historic) Karibib Gold System (Osino) Active exploration program to define & advance multiple targets & prospects Karibib Au Trend: detail on next page 7
Karibib Gold District: A Large & Evolving Trend Osino consolidated district & discovered Flagship Project #2: significant new Au system along mineralised Goldkuppe/Oasis/Wedge detail on page 13 structure on strike of major Navachab Au deposit Discovery of Karibib Au Trend = L arge Au system with >25km strike and growing with ongoing consolidation & exploration (sampling & drilling) Two flagship projects: Twin Hills & Goldkuppe/Oasis /Wedge Significant drill program underway Flagship Project #1: Twin Hills & Extensions detail on page 11-12 Navachab Gold Mine In production, >6moz historical resource 8
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