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Orosur Mining (OMI)


Monday 20 April, 2020

Orosur Mining

Orosur Mining Inc. – Leadership Transition

Orosur Mining Inc. – Leadership Transition

Orosur Mining Inc.


Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), a South American-focused gold developer and explorer wishes to announce that Ignacio Salazar, Chief Executive Officer of the Company, will be stepping down from his current role and leaving the Company with effect from 17 July 2020 to take up a new position as Chief Executive Officer of Highfield Resources Limited, an ASX-listed mining company with assets in Spain (“Highfield”). A search for his replacement has commenced.

Mr. Salazar has been the CEO of Orosur since March 2013 after first joining the Company in September 2008 as Finance Director. He will continue as CEO until 17 July 2020 and, during this 3-month period, will provide support to ensure a smooth transition. Orosur’s Chairman, Louis Castro, will work closely with Mr. Salazar to facilitate the process.

Louis Castro, Chairman of Orosur, commented:

“We wish Ignacio all the best in his professional and personal endeavours and acknowledge his decision to move after a long and successful spell at Orosur. He has led the Company through very challenging times and has been instrumental in transforming Orosur with the acquisition of the Anzá project in Colombia in 2014, building a strategic alliance with Newmont since 2018 as well as developing operations and progressing a fair solution in Uruguay for all stakeholders. We thank him for his significant service and dedication to the Company and its shareholders.”

Ignacio Salazar, CEO of Orosur, commented:

“After 11 years with the Company, it is with mixed feelings that I make the decision to depart from Orosur to move to Highfield which, I feel, is a natural step in my career. Orosur is moving into a new phase as an exploration and development company and I am confident that during the next three months, I will be handing over to a strong and well-balanced team with a strong platform to grow. I remain a friend of the Company and wish all the best of success to the team, the board, our shareholders and other stakeholders”.

For further information, please contact:

Orosur Mining Inc
Ignacio Salazar, Chief Executive Officer
Ryan Cohen, VP Corporate Development
[email protected]
Tel: +1 (778) 373-0100

SP Angel Corporate Finance LLP – Nomad & Joint Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Ryan Cohen, VP Corporate Development of the Company (responsible for arranging release of this announcement on behalf of the Company) on: +1 (778) 373-0100.

About Orosur Mining Inc.

Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals developer and explorer focused on identifying and advancing gold projects in South America. The Company operates in Colombia and Uruguay.

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