Orosur Mining Inc. announced an update on the Company's Anza Project in Colombia. The Project is the subject of an Exploration Agreement with Venture Option dated September 7, 2018, with Colombian company Minera Monte Aguila S.A.S. ("MMA"), pursuant to which MMA has earned a 51% interest in the Project. MMA is itself a 50/50 joint venture between Newmont Corporation ("Newmont") and Agnico Eagle Mines Limited ("Agnico").

MMA is the current operator of the Project. As previously announced, MMA advised the Company that it would be undertaking a review of its continued involvement in the Project. Subsequently, the parties commenced discussions regarding the future of the Project, which are currently focussed on exploring options whereby Orosur would acquire MMA's interest in the Project.